OMV Petrom is ready for the next stage – regional growth
14 years after the privatization and 9 billion-euro worth Upstream investments later, OMV Petrom is now a different company, which…
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Exploration & production
OMV pulls out of electricity generation in Turkey
Austrian gas and oil group OMV has agreed to sell its gas power plant Samsun in Turkey to Turkish investment…
Gazprom’s net profit rose 11% in the first quarter
Russia’s Gazprom’s net profit rose 11% in the first quarter of this year, to 371.6 billion rubles (six billion dollars),…
Gazprom files to cancel $4.7 billion arbitration ruling, claiming outside interference
The Stockholm arbitration ruling ordering Gazprom to pay $4.7 billion to Naftogaz Ukrainy was interfered with by an outsider, the…
Lukoil’s profit is up 75% on the back of rising oil prices
Lukoil, Russia’s second-largest oil producer, says net profit grew 75% in the first quarter, amid world oil prices increase, according…
CEFC official says Rosneft deal still viable as firm mulls big job cuts
CEFC China Energy’s plans to buy a $9.1 billion stake in Russia’s Rosneft are still viable even as the embattled…
Aforti Exchange: Crude oil price will be subject to correction after recent increases
According to Aforti Exchange experts, panic on the oil market, which has been seemingly triggered by a tense situation between…
UAE energy minister says OPEC is not targeting a certain oil price
OPEC producers are not targeting a certain oil price, United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on…
Preventing imbalances on the gas market
A few days of freezing weather have uncovered the lack of flexibility in the national natural gas system and have…
Deloitte expects investments of $ 22.5 billion in the Black Sea oil industry by 2040
Investments in the Black Sea oil and gas sector will generate revenues of over 26 billion USD to the state…
Net profit of 854 million lei for OMV Petrom in Q1, similar investments
OMV Petrom announced a net profit of 854 million lei, in the first quarter of this year, up 38% compared…
OMV Petrom increases the investments in 2018 by 58%, to 5.5 billion lei
The Ordinary General Meeting of Shareholders approved OMV Petrom S.A.’s 2018 investment budget of 5.55 billion lei, up 58% from…
Shell gets 950 mln. USD from Argentina assets sale
Shell Argentina signed an agreement for the sale of its 645 service stations to Brazil-based Raízen for US$950mn in cash,…
Egypt is ready to be an energy hub for Europe
With gas production in full swing across a number of sites in Egypt, the country is ready to become a…
MOL’s shareholders approve worth of HUF 94 bln. dividends
MOL held its Annual General Meeting in Budapest, which accepted the Board’s proposal for the distribution of profits through a…
Gazprom set to gain EU antitrust approval with concessions
The European Union and Gazprom are poised to settle a long-running antitrust case after the Russian gas company agreed to…
Russian oil output hits record high in March
Russia’s oil output edged up in March to an 11-month high of 10.97 million barrels per day (bpd), slightly above…
Effective taxation of the Upstream sector in Romania remains double that the average in the European countries (Deloitte study)
The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) presented in a press conference the results of the annual study…
Bahrain discovers largest oilfield in decades
Bahrain said on Sunday it had discovered the country’s largest oilfield in decades, located off the west coast of the…
In the summer, the price of natural gas will be in the range of 70-72 lei per kWh (Quarterly Bulletin “Natural Gas Price”, Vol. III)
Data from the Quarterly Bulletin “Natural Gas Price”, Volume III, produced by the Intelligent Energy Association, shows that the end…