OPEC hasn’t run out of ideas – Saudi energy minister
OPEC and its allied oil-producing nations are still working well together and still have options to try to rebalance global…
State-of-the-art LPG recovery system, implemented by Rompetrol Rafinare
Rompetrol Rafinare, member company of the KMG International Group, has successfully implemented a modern system for recovering liquefied petroleum gas…
ANRE introduces new trading obligations for gas producers, once the market is liberalized
The National Energy Regulatory Authority (ANRE) will draw up an order establishing what quantities of gas will be sold by…
Nicolescu (Deloitte): Romania could earn USD 20 bln. from Black Sea gas
The state could earn more than USD 20 billion from the Black Sea gas extraction in the next 10-12 years,…
Minister of Energy: The gas market will certainly be liberalized on July 1, otherwise we risk losing European funds
The gas market will certainly be liberalized on July 1, and the electricity market, on December 31, 2020, otherwise we…
Minister of Energy: Romania needs the Black Sea gas to comply with the Green Deal
Romania needs the Black Sea gas resources to reach its ambitious targets for reducing carbon dioxide emissions that it has…
ANRE seeks consultant to establish the rate of return for energy transportation and distribution – deadline on February 28th!
The National Energy Regulatory Authority – ANRE intends to purchase consultancy services regarding the calculation elements of the weighted average…
Beacom: Our project is moving forward, but problems with offshore legislation need to be resolved before production begins
Bogdan Tudorache The Black Sea Oil & Gas project goes ahead, albeit with minor delays, but offshore legislation and GEO…
ANAF requests Romgaz additional dividends of 34.8 mln. lei
Romgaz announced on Tuesday to the Stock Exchange that between November 27, 2019 and January 31, 2020 the company was…
Competition investigates Transgaz on organizing cartel offences regarding the participation in auctions
The Competition Council is currently examining whether Transgaz had a responsibility in organizing cartels that included companies that agreed upon…
Minister of Economy: There will be no gas increases since July 1st
The liberalization of the gas price from July 1 will not bring new price increases, says the Minister of Economy…
V. Popescu: The gas infrastructure in the rural area will double in the next four years
Bogdan Tudorache The gas infrastructure has 200 million euros from European funds to develop in the next four years, rising…
GEO that prevents Exxon from selling its Black Sea shares needs CSAT approval
One of the 25 Emergency Ordinances approved last week concerns the changes brought to the Oil Law. But this has…
Oil Terminal – profit almost nine times higher than in 2018
Oil Terminal, the operator of the Black Sea oil terminal, reported a preliminary net profit of 2.42 million lei for…
New maritime fuel with low sulfur content produced at Petrobrazi, following an investment of 3 million euro
OMV Petrom has developed, at the Petrobrazi refinery, a new maritime fuel with a low sulfur content, up to 0.5%.…
AIK Energy, a London-based company run by Harald Kraft, takes over Valahia Gaz
The Competition Council authorized the transaction by which AIK Energy, a company registered in London and locally managed by Harald…
Intero Integrity Services acquires environmental and integrity service provider The Sniffers
Intero Integrity Services announced it has acquired The Sniffers, a longstanding service provider to the oil & gas industry and…
FPPG: No reasons for gas prices to increase
The Federation of Petroleum and Gas Employers (FPPG) practically accuses some distributors of artificial price increases. FPPG argues that “under…
Niculae Havrileț, proposed for the Supervisory Board of OMV Petrom
The Ministry of Economy, which is a minority interest holder in OMV Petrom, with 20.63% of the shares of the…
ANRE advises domestic energy consumers to compare offers from several suppliers, before concluding a contract
Domestic consumers receiving offers from suppliers to move from the regulated market to the competitive market or to extend the…
Gazprom Neft achieves record production at Achimovsky strata
Gazprom Neft has become the first company in Russia to use a unique technology — hybrid multi-stage fracking — to…
Romgaz reacts to the vote in the Senate: Liberalization will not raise prices after July 1
Largest producer and main supplier of natural gas in Romania, Romgaz states that “it did not identify any real reason…
Transgaz: The national gas transport system, in pre-alert state
The national gas transmission system (SNT) was in the pre-alert state on Friday morning, according to the indicator showing the…