Gazprom ups gas exports to Austria by 1 billion cubic meters
Russia’s Gazprom has agreed to increase contracted gas supplies to Austria by 1 billion cubic meters per year for the…
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Exploration & production
OMV Petrom continues deep onshore exploration in the perimeters previously shared with Repsol
The National Agency for Mineral Resources approved OMV Petrom taking over the stake of Repsol in four onshore exploration agreements.…
Growing results for OMV Petrom at nine months – analysts
OMV Petrom (SNP) will report improved financial results for the first nine months of the year, analysts say, as oil…
KMGI and SAPE launched the Kazakh – Romanian Energy Investment Fund with two projects in pipeline
KazMunayGas International (KMGI) and Societatea de Administrare a Participațiilor în Energie (SAPE) which is owned by the Ministry of Energy…
OMV postpones for 2019 the decision to invest in the offshore Black Sea project
Austria’s energy group OMV has postponed an investment decision on its Black Sea exploration project until next year because the…
Parliament adopted the Offshore Law with stability clauses, progressive taxation and investment deductions limited to 30%
The Chamber of Deputies approved a new form of the Offshore Law, an essential piece of legislation for starting the…
The Saudi oil weapon and the energy market: What investors need to know
As President Donald Trump struggles to contain the fallout from the apparent murder of a Saudi columnist for the Washington…
ESCOROM proposes the conversion of coal-fired power plants as the central element of the national energy strategy
The ESCOROM Association of Energy Services Companies in Romania launched in public debate a position paper proposing that the national…
Ministry of Economy: 500 workers work on 17 sites for the BRUA gas pipeline project
About 500 workers are currently working on 17 sites for the 500-kilometer-long BRUA gas pipeline project, according to a press…
Shell bets on shale for flexibility in energy transition
Growing oil and gas production from shale fields will act as a “balance” for deepwater projects, the new head of…
Azerbaijan to deliver a third of Bulgaria’s gas demand
Azerbaijan will deliver one-third of Bulgaria’s gas demand, said Azerbaijan’s ambassador to Bulgaria Nargiz Gurbanova during the John Batchelor Radio…
OPEC hikes oil output in September as Iran’s production falls, demand outlook softens
Several OPEC members, led by Saudi Arabia and Libya, put enough new barrels on the market in September to offset…
One more week for discussions on the Offshore Law – Calculations on fiscal regime start from scratch
Speaker of the Chamber of Deputies, PSD chairman Liviu Dragnea said on Saturday that “a consensus has been reached” regarding…