OMV Petrom started production from the first multilateral well drilled in Romania
OMV Petrom announced it has started production from a new offshore well LVO7, drilled in the Lebada Vest field. According…
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Exploration & production
Klaus Iohannis re-sends to Parliament the offshore Law, for review
President Klaus Iohannis has decided to resubmit the offshore Law to the Parliament for review. One of the reasons put…
Offshore Law: US Energy Secretary Rick Perry called in the Romanian ambassador for talks
Romanian Ambassador in Washington, George Maior, had a meeting with US Energy Secretary Rick Perry and talks focused on offshore…
Gazprom wooes Iran for more oilfields
National Iranian Oil Company (NIOC) has discussed the Russian Gazprom’s offer to develop Iran’s North Pars Gas Field as well…
Oana Mogoi (ING Bank): Funding for energy through the reserve based lending mechanism
New realities (market players, behaviors, obligations, etc.) can be introduced through legislation. However, national legislation must take into account the…
Energy giants opening natural gas spigots, fueling profit rise
The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits…
ANRE has decided to increase the gas price for households by about 6%
The National Regulatory Authority for Energy has decided to increase by 5.83% on average the natural gas price for households,…
The Ministry of Finance proposes capping the price of natural gas from domestic production for 3 years
UPDATE (July 23, 2018) On Friday, July 20th, the Ministry of Public Finance (MFP) withdrew the project for the capping…
Kraft (ROPEPCA): Romania should encourage investment in the manufacturing industry in order to use its natural gas
The best solution for the using domestic natural gas at home would be for the Government to motivate the industry…
Romania has imported over 3.46 million tons of crude oil in the first five months of 2018
Romania has imported over 3.46 million tons of crude oil (tep), in the first five months of 2018, with 620.100…
ALDE wants to change offshore law through an emergency procedure
The Alliance of Liberals and Democrats Party – ALDE spokesman Varujan Vosganian said that there are issues ALDE wanted to…
MPs sent the gas companies back to the drawing board. Will they be back?
The Chamber of Deputies, in extraordinary session, passed by final vote the draft Law on some measures necessary for the…
Saudi Arabia plans to pump up to 11 million bpd of oil in July, a record high (Reuters)
Saudi Arabia plans to pump up to 11 million barrels of oil per day (bpd) in July, the highest in…