Iohannis: Any Exxon transaction will be done according to the law
President Klaus Iohannis said on Thursday, referring to information about Exxon’s intention to sell its stake in the Black Sea,…
Competition: The reduction of excise duties was fully transmitted in the fuel price
Bogdan Tudorache The reduction of excise duties by 0.32 lei/ liter (including VAT), applied from January 1, 2020, for both…
China opens up oil and gas exploration, production for foreign firms
For the first time, China will this year allow foreign companies to explore for and produce oil and gas in…
The transition to green energy generates multiple opportunities
After the first historical stage of collective efforts towards decarbonization and diversification of the energy mix, Romania is one of…
Bulgartransgaz set to acquire 20% interest in Greek LNG terminal
Bulgaria’s government said on Wednesday that it has issued approval to gas transmission system operator Bulgartransgaz to acquire 20% interest…
Cîţu: We do not enjoy Exxon’s decision to leave Romania; this Government came in too late
The liberal (PNL) government came too late for ExxonMobil’s interests, which were already in the starting point, and their decision…
OMV Petrom signs agreement to transfer 40 fields to Dacian Petroleum
Bogdan Tudorache OMV Petrom has announced on Wednesday that it has reached an agreement for the transfer of 40 onshore…
Russia and Turkey officially inaugurate TurkStream
President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan met in Istanbul to inaugurate TurkStream pipeline in a ceremony…
ExxonMobil confirms may exit Romanian offshore gas project
U.S. energy major ExxonMobil confirmed late on Tuesday it is weighing an exit from a long-stalled Romanian natural gas venture…
Minister of Energy: I recommend Exxon that the license transfer be made by Government decision
The transfer of the license that ExxonMobil holds for the Neptun Deep perimeter of the Black Sea should be made…
ExxonMobil negotiates with Lukoil and PGNiG to sell the stake in the Neptun Deep perimeter
ExxonMobil officials are negotiating with the Russians from Lukoil and the Polish company PGNiG to sell the 50% stake in…
Oil prices top $70 a barrel amid fears over Suleimani retaliation
Oil prices climbed above $70 a barrel for the first time in four months on Monday amid fears that the…
Harald Kraft, AIK Energy: Markets will become more and more interconnected, and we are ready
2019 has been of maximum turbulence for the Romanian supply market, to which the private environment has adapted in various…
Natural gas price drops in Bulgaria by 5%
The price of Russian natural gas for Bulgarian consumers will go down about 5% due to a change in the…
Pruna, USR: CE Oltenia and the Black Sea gas need urgent decisions
This year will mark the last chance for CE Oltenia to keep in the future a significant contribution to the…
7 wells drilled by NIS Petrol in 8 years of activity in Romania (interview Vanja Aleksic)
In recent months, more signals have been heard that NIS Petrol, one of the most active companies in the hydrocarbons…
Ukraine starts transmitting Russian gas to EU under new deal signed also by Romania
Gas TSO of Ukraine LLC, operator of the gas transmission system, has signed agreements with all neighboring operators, namely in…
F. Cîțu: The elimination of the surcharge reduced the price at the pump; increase of the classic excise duty, an update with inflation
The Ministry of Finance (MFP) has made a change that has been deemed as controversial by some specialists. Immediately after…
Austria supports BRUA and Neptune Deep projects (Energynomics Magazine)
Austria would love to have a new gas supply towards Baumgarten, and it will be great if Romania would have…
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…