Hungary is extending its cap on fuel until October
Budapest government has extended the price cap on fuel and some staple foods in Hungary until October 1, while the…
Minister of Energy: The first gas from the Black Sea entered the national transport system
The first gas from the Black Sea entered the national transport system on Wednesday, respectively the gas from the Midia…
Foren 2022: If we want to give up Russian gas in 2027, we have to make decisions now!
Romania must make decisions now if it wants to give up Russian gas by 2027, in order to secure its…
BSOG started gas production at the Midia Natural Gas Development Project
Black Sea Oil & Gas SA (BSOG), together with its concession partners, Petro Ventures Resources and Gas Plus Dacia, started…
INS: Natural gas prices have risen by 86.71% during last year
Natural gas is among the most expensive commodities in the last year, according to data released on Friday by the…
Rompetrol: Diesel Hydrotreating unit (HPM), back into operation
Rompetrol Rafinare, member company of the KMG International Group, recently completed the repair works of the Diesel Hydrotreating unit (HPM),…
Germany moves in state reserve coal units, lowers gas use
To counteract future gas supply shortages, the government cabinet has decided on new regulations for the provision of backup power…
KMG: Sanctions against Russia do not affect crude oil from Kazakhstan
European Union approved on June 3, 2022, the sixth package of sanctions, which provides for a phased release of crude…
EBC: EU nations spent an estimated 60 bln. euro on Russian fuels
EU nations have spent an estimated 60 billion euros on Russian coal, oil, and fossil gas since the country launched…
OMV will review decisions made by former CEO Rainer Seele
OMV’s Board of Supervisors will not approve the 2021 actions of former CEO Rainer Seele and will launch a thorough…
Oil barrel exceeds $120 following Saudi Arabia’s decision to raise prices
Oil prices rose on Monday, with the price of a barrel of Brent crude oil exceeding $120 after Saudi Arabia…
Jude: Romgaz’s strategic goal is to keep annual production decline below 2.5%
Romgaz has completed an important investment objective in the Snagov priority onshore project, which consists of the development of an…
Romgaz introduced new wells in production following an investment of 31 mln. lei
Romgaz launched the Coşereni drying plant into operation, with three new wells being opened for production, and by the first…
Azeri gas exports to Europe will reach 10 bln. cm in 2022
Azerbaijan’s gas exports to Europe will exceed 10 billion cubic meters this year, Azerbaijani Energy Minister Parviz Shahbazov announced on…
Virgil Popescu: Romania will focus on the production of renewable energy, nuclear and gas
Romania will focus on building new capacities for energy-based production using natural gas, nuclear energy and renewable resources, Energy Minister…
EC: The imposition of oil sanctions on Russia will take place after a transitional period
EU sanctions on imports of crude oil from Russia at sea will be imposed with a transition period of six…
Delgaz Grid invests 143 mln. euro in the modernization of distribution networks
31Delgaz Grid, a member company of the E.ON Romania Group, will invest 719 million lei (143 million euro) this year…
New subsidies to cover the costs of thermal energy of cities
On Monday, the Minister of Development, Public Works and Administration, Cseke Attila, approved the distribution to the local budgets of…
Poland could build new floating liquefied gas terminal due to interest from Czech Republic and Slovakia
Poland could build a second floating storage and regasification terminal (FSRU) near a similar facility that is currently being planned…
Lukoil VP believes Russia should cut oil production by 30%
Russia should cut oil production by 20% -30%, from 10 million barrels a day today to seven to eight million…
Transgaz and 3SIIF will collaborate to build a greenfield gas infrastructure
Transgaz announced to its investors on the BSE that it has signed a roadmap agreement with the Three Seas Initiative…
EU: Gas is getting cheaper amid declining worries about Russian supplies
European gas reference prices continued to fall on Friday, heading for the third week in a row, following worries about…
Hungary: Only Hungarian cars will be able to buy fuel at reduced prices from Friday
Only cars registered in Hungary will be able to buy fuel at government-capped prices from Friday, while cars registered abroad…