Second Turkish drillship arrives off Cyprus coast, Nicosia protests
A second Turkish ship planning to drill for oil and gas off Cyprus arrived off the Mediterranean island’s northeastern coast…
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Exploration & production
KMG injects 25 million USD into the Kazakh-Romanian fund
KMG will increase the share capital of the Kazakh-Romanian Energy Investment Fund set up in November last year as part…
OMV Petrom invests another 30 mln. euro in offshore drilling in the Black Sea
OMV Petrom has launched a new offshore drilling campaign in shallow waters in the Istria region of the Black Sea.…
Johan Meyer: Romania needs stable legislation, GEO 114 must be repealed, corporate governance instated
Romania has been blessed with an abundance of natural resources – gas, oil, hydro and also enough sunshine and wind,…
Romgaz: World market game is changing, green energy and diversification become more and more important
The world energy system is currently in a permanent dynamic. Reserves are controlled through strategies, but the price paid by…
Julian Bowden (Oxford Institute for Energy Studies): More marketing and market analysis needed
We need to study the history, which tends to repeat itself, says Julian Bowden, Senior Visiting Research Fellow – The…
Franck Neel (FPPG): We have the solution in finding the vulnerable consumers
What we have done, with GEO 114, was to subsidize the Russian gas, putting a cap for local producers, Franck…
Saniya Melnicenco (ROPEPCA): Romania can gain more if it attracts new investors and stimulates the existing ones
Romania needs clear strategies and regulations, Saniya Melnicenco, president of ROPEPCA, told at the 2019 Energy Strategy Summit, an event…
Ciocănelea, Energy Strategy Summit: Vulnerable Consumer Commission and Launch of the Round XI of the concession of new petroleum blocks
The Prime Minister has approved the establishment of an inter-ministerial commission that will draft legislation on the definition and protection…
Chiriţă, Energy Strategy Summit: Withdrawal of 10,000 MW, more storage for gas, a transparent gas market
ANRE has developed and will develop new regulations so that competition, transparency and non-discrimination will be considered in the field…
Oil at $100? Experts predict where crude could go if an Iran conflict breaks out
Oil is in the crosshairs as the prospect of confrontation brews between the U.S. and Iran. A top military aide…
FPPG: Romania should cancel the price cap, adapt market conditions and interconnect faster
In the aftermath of the new regulations’ (GEO 114/2018 and GEO 19/ 2019) effects, the Romanian Oil and Gas Employers’…
Sanctions show US has a ‘burning interest’ in Venezuela’s energy resources – Rosneft CEO
Venezuela’s natural resources lure many companies that would like to tap them, especially American ones, and sanctions against the South…
The court rejected the request for the cancellation of approvals for the offshore gas project at the Black Sea
The Constanţa Tribunal rejected the request of a landowner in Tuzla, Constanţa, and the similar one of an NGO, the…
Lack of protection for vulnerable consumers means more state interventionism that drives the investors away
The Employers Federation of Petrol and Gas – FPPG launched the most comprehensive study on the dynamics of the local…
Turkey insists on right to drill for energy reserves off Cyprus
Tensions over energy resources in the eastern Mediterranean have risen sharply after Turkey said it would “exercise its sovereign rights”…
Tariceanu to the PM: Mind the Exxon-OMV offshore contract
Senate President Calin Popescu Tariceanu asks the prime minister to pay more attention to the extension of the concession contract…
Romanian oil firms will pay royalties according to the Brent barrel on the London Stock Exchange
Companies that extract oil from Romania will pay fees to the state budget according to the Brent barrel quotation on…
Leaders of big oil and gas companies met in Medias – among talks, BRUA and offshore
Leaders of the most important oil and gas companies met in two closed-door meetings in Mediaş and talks focused, among…
OMV Petrom: Nothing has changed in the decision about the Black Sea exploitation – we have not taken any new decision
OMV Petrom’s new report released last week led some analysts to interpret that the company would have taken a new…
Transgaz has signed the Memorandum of Understanding to take over the gas to be produced by Black Sea Oil & Gas
On Monday, May 6, SNTGN Transgaz SA signed the Memorandum of Understanding on the use and development of the natural…
MOL Group announces a global profit before tax of USD 500 mln. and rising diesel sales in Romania
Bogdan Tudorache Mol posted an EBITDA of over USD 500 million in the first quarter of 2019, the company said.…
Petrom announces sales up 11% in Q1
Bogdan Tudorache OMV Petrom announced consolidated sales increased by 11% compared to Q1/18, to 5.4 billion lei supported by higher…