Petrom cut fuel prices by 0.10 RON per liter
Petrom, the leader of the fuel distribution market, on Tuesday reduced the prices of fuels sold in its own network…
Oil jumps 10% following worst day since 1991
Oil prices surged higher on Tuesday following reports that ongoing talks between OPEC and its allies, known as OPEC+, remain…
ANRE: Gas imports increased by 12% in December 2019
Romania imported in December 2019 an amount of 3,493,356 MWh of natural gas, 12% more than the same month of…
Oil prices rebound after ‘Black Monday’ shocks, but outlook volatile
Stocks and oil prices have steadied and even bounced back after a “Black Monday” that saw them fall dramatically. Coronavirus…
Exxon plans for new offshore gas in Australia at the beginning of 2021
Exxon looks to push forward with production of offshore gas in Australia, in 2021. The West Barracouta project, located in…
Oil plummets over 20% as OPEC deal failure sparks price war
Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts…
EU Commission accepts commitments by Transgaz to facilitate natural gas exports from Romania
The European Commission announced it issued the Decision approving the commitments proposed by Transgaz in the AT investigation. 40335, to…
Popescu: OMV will not withdraw from the Black Sea project
Designated Minister of Economy, Virgil Popescu, claims that the issue of withdrawal from the Black Sea was not even approached,…
MOL is seeking top graduates for the GROWWW 2020 program
The MOL Group announces the opening of the application period for the next edition of its award-winning talent recruitment program,…
Bulgaria agrees deal to cut price of Russian gas imports by 40%
Bulgaria has agreed a 40% cut in the price of gas it imports under its long-term contract with Russia, its…
ANRE draft Order: New obligations for gas supply on centralized markets
ANRE has launched in public debate a draft Order [HERE in Romanian] on the obligation to supply natural gas on…
ANRM is considering splitting Round XI: 22 onshore oil fields could be auctioned before offshore
The National Agency for Mineral Resources (ANRM) is considering the division of the XI round of tenders, so that the…
Transgaz and EBRD have signed a MoU on cooperation and investment support
Transgaz and the EBRD (European Bank for Reconstruction and Development) signed a memorandum of understanding on cooperation and support for…
EY: The global value of transactions in the oil and gas sector decreased in 2019 amid debates on energy transition
The global volume and value of transactions in the oil and gas industry decreased by 18.4% and 10.8% respectively in…
Lower taxes for diesel cost Germany up to 7 bln. euro in 2019
The lower taxation of diesel fuel in Germany cost the country billions of euros in 2019, newspaper Rheinische Post reports.…
Project: Gas producers must sell on the stock exchange 30% of annual output
The National Energy Regulatory Authority (ANRE) has launched in public debate a project that provides that gas producers must sell…
Romania is considering access to the Southern Gas Corridor
Romania is considering ensuring its access to the Southern Gas Corridor, reveals a statement from the Ministry of Economy and…
Norway’s sovereign fund sells holdings of Nuclearelectrica and Romgaz
Norway’s Sovereign Investment Fund, the largest in the world, with assets under management of about 1.1 trillion USD, liquidated in…
China opens fuel export taps as coronavirus slams domestic demand
China has ramped up fuel exports to compensate for losses to domestic demand as it grapples with the coronavirus outbreak,…
Gas-fired power generation reaches record high in Germany
Power production from natural gas rose to an all-time high in Germany last year, overtaking hard coal electricity generation for…
Less than 5% of domestic gas consumers are informed about market liberalization
Less than 5% of domestic gas consumers are trained and able to negotiate their contracts so that they can obtain…
Romgaz reported a net profit growth of 1.43 billion lei for 2019
National Natural Gas Company Romgaz reported a preliminary net profit growth of 4.55% for 2019, at 1.43 billion lei, and…