Gas crisis is causing German utility companies to raise funds
European utility companies are rushing to raise billions of euros, a proof to the financial stress caused by record prices…
European gas price up 30% amidst limited Gazprom supply
European natural gas benchmark prices rose by more than 30% on Tuesday as limited deliveries from Russia raised concerns about…
OPEC: Global oil demand will return to pre-pandemic levels in 2022
The elected secretary general of the Organization of the Petroleum Exporting States said on Monday that global oil demand should…
Electricity and fuel prices have risen in January
The year 2022 brings to the Romanians an increase of the minimum wage, of the pension point and of the…
OPEC and Russia decide on Tuesday whether to increase oil supply
Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers decide on Tuesday whether to increase their supply…
Petrobrazi Ploieşti Refinery, affected by a voltage variation
Several installations of the Petrobrazi Ploieşti refinery, owned by OMV Petrom, were stopped and restarted, due to a voltage variation…
Termoenergetica refuses to pay the increased gas bills, sues Tinmar
Bucharest Thermal Power Company Termoenergetica received on December 17 from its supplier, Tinmar Energy, a notice of disconnection of 48…
Republic of Moldova will buy Russian gas at a higher price
In January 2022, the Republic of Moldova could buy natural gas from Russia at an even higher price. The statement…
Aleksandr Novak: Russia will resume gas transit through Ukraine in 2024
Russia could transport gas again through Ukraine after 2024 if favorable economic conditions exist and the Ukrainian network is in…
OPEC+ is not responding to US demands to increase oil production
The OPEC+ group (composed of the Organization of the Petroleum Exporting States and other major producers) has resisted calls from…
Intelligent Energy Association: Only 10% of gas consumers will receive compensation this winter
Only 10% of gas consumers will receive compensated bills this winter and 15% of electricity consumers will benefit from a…
South Africa: Court suspends seismic exploration of Shell – unprecedented victory for greens
A Shell project involving a ten-second shock wave in the ocean to search for oil and gas off one of…
Gas prices continue their downward trend in Europe
The reference price for natural gas in Europe continued to fall on Tuesday, recording the longest period of decline in…
Romania’s crude oil imports fell 0.9% in the first ten months of 2021
Romania imported, in the first ten months of 2021, a quantity of crude oil of over 5.513 million tons of…
Competition authorizes the takeover of part of Schlumberger by GSP
Competition Council authorized the transaction through which the company Forasol, a member of the GSP Group – controlled by Gabriel…
Gas imports increased by more than 68% in the first ten months
Romania imported, in the first ten months of 2021, a quantity of usable natural gas of 2.283 million tons of…
CE Oltenia joins HENRO, the Electricity Producers Association
A few months after its establishment, the Electricity Producers Association – HENRO increases its membership by joining the Oltenia Energy…
Transgaz readies a JV with a multinational investment fund for hydrogen projects worth hundreds of millions of euro
The operator of Romania’s natural gas transmission system, Transgaz, wants to partner with the Investment Fund of the Three Seas…
Poland will cut VAT on fuels to 8% to mitigate the impact of rising inflation
Poland wants the European Union to allow it to reduce VAT on fuels to mitigate the impact of rising prices,…
Putin: Russia is not to blame for high gas prices in Europe
Russian President Vladimir Putin said on Thursday that it was unfair for Moscow to be blamed for record prices for…
Rising energy prices are causing major losses to large European producers
The continuous rise in energy prices in Europe exposes the region’s largest consumers of gas and electricity to significant losses,…
Minister of Energy: The first company fined by ANPC for not compensating consumers’ bills
The Gaz Vest supplier from Bihor did not compensate the bill for consumers and was fined 50,000 lei (10,000 euro)…
OMV Petrom: Employee remuneration is at competitive levels for the relevant oil and gas industry
The remuneration of OMV Petrom employees is at competitive levels for the relevant oil and gas industry and includes fixed…