Croatian court finds head of Hungary’s MOL, Croatia’s ex-PM guilty of bribery
A Croatian court ruled on Monday that the head of Hungarian energy group MOL and Croatia’s former prime minister were…
Distrigaz Sud, fined by 3.7 mln. euro, the company says it would pay the fine
The Competition Council (CC) sanctioned the natural gas distributor Distrigaz Sud Networks (DGSR) with a fine of about 17.65 million…
Oil hits 3-month highs on upbeat U.S. and Chinese economic data
Oil prices rose on Friday, hitting three-month highs, as upbeat economic data from China and the United States indicated an…
Saipem extends Romanian drilling works
Italian company Saipem announced an extension of their Romanian drilling contracts, as part of overall new contracts worth an overall…
Moldova to continue receiving Russian gas via Ukraine – president Dodon
Moldova will continue to receive Russian natural gas via Ukraine starting January 2020 after Moscow and Kiev reached a gas…
Canada gives struggling oil sector over USD 1 billion boost
The Canadian government said on Tuesday that it would spend C$1.6 billion ($1.19 billion), mostly through loans, to assist the…
Chemical fertilizer manufacturers are requesting state aid for the purchase of natural gas
The Nitrofosfor Organic Chemical Employers Organization asks the Government to include the fertilizer production sector in a state aid scheme…
Russia’s Gazprom to pay $2.9 billion in new Ukraine gas deal
The Russian energy giant has agreed to settle its longrunning dispute with Ukraine over transit fees. A new five-year Moscow-Kyiv…
Gazprom slashes investment budget for 2020
Russia’s Gazprom has approved a 16.5% cut in investments next year, marking the second annual reduction in a row, the…
Stroe, MET: There will be a 30-year marathon on the combined cycle gas market
In the energy sector there will be a marathon of 30 years from now because there are a lot of…
Merkel criticises US sanctions on Russia-Germany gas pipeline Nord Stream 2
German Chancellor Angela Merkel has criticised the US sanctions to be imposed on companies working on the natural gas pipeline…
Distrigaz Sud Reţele invested 280 mln. lei in the gas distribution network
Distrigaz Sud Reţele invested in 2019 about 280 million lei in the rehabilitation, modernization and expansion of the natural gas…
Competition fined Premier Energy by 1.3 mln. euro for abuse of a dominant position
The Competition Council sanctioned with 6.3 million lei (approximately 1.3 million euro) the natural gas distributor Premier Energy, as legal…
Increasing the price of carbon certificates will result in higher fuel prices
The government led by Angela Merkel and the German Lands have reached an agreement on increasing the price of carbon…
Ukraine and Russia look to strike new gas deal
Ukraine’s state energy firm Naftogaz and Russian gas giant Gazprom agreed to continue working on options for continuing the transit…
Moldova could run out of gas in January
Bogdan Tudorache Moldova could run out of gas for several days in January, says energy expert Sergiu Tofilat. “The trans-Balkan…
Romgaz wants a 300 million euro methanol plant of and new wind farms
Romgaz plans to invest towards diversifying the company, one of the main objectives being a methanol plant of about 2-300…
Competition authorizes the acquisition of the Art Petrol stations by OMV Petrom
Competition Council authorized the transaction through which OMV Petrom Marketing takes over the fuel distribution network owned by Art Petrol…
Volintiru: Romgaz wants 20% of Neptune Deep together with an external partner; the offshore law will change
Romgaz has entered the data room of the Neptun Deep project offered by OMV Petrom and is looking for an…
E.ON: Delgaz Grid invested over 90 mln. euro in distribution
Delgaz Grid, a member of the E.ON Romania group, has invested 428 million lei (over 90 million euro) this year…
The Greece-Bulgaria Intersystem gas connection financing agreement was ratified
On December 6, the Bulgarian Parliament ratified the Guarantee Agreement between Bulgaria and the European Investment Bank (EIB) concerning a…
Primary energy resources, up 2% in the first 10 months
Primary energy resources increased by 2%, in the first ten months of the current year, and those of electricity decreased…