Exploration & production
GEO 64/2016 becomes law in the form proposed by the Government, sensitive changes have been moved into law 123
Parliament approved by law the GEO 64/2016, a decision welcomed by Energy Minister Anton Anton as a consensus that “strengthens…
New delays threaten investments estimated at USD 22.3 billion
Offshore Law approaches adoption in Parliament. Streamlining the clearance process for the energy projects at the Black Sea would blaze…
Change of paradigm on the natural gas market in the region
The Romanian oil and gas industry is enthusiastically living the dawn of a new era – the commercial exploitation of…
Romgaz: Adrian Volintiru replaces Corin Emil Cindrea, “because of faulty management”
The Board of Directors of Romgaz decided to appoint Adrian Volintiru as General Manager of the company for a period…
KMG International employees raised 10,000 USD from the Rompetrol Run and Care charitable cross
KMG International employees participated in the fifth edition of the Rompetrol Run and Care cross, which took place on Sunday,…
G7 countries pour $100bn a year into oil, gas and coal
Each year, at least US$100 billion goes to support the production and consumption of oil, gas and coal, according to…
Dutch court approved Naftogaz petition to freeze Gazprom assets in Holland
Ukraine’s Naftogaz said on Tuesday that a Dutch court had approved its petition to freeze Gazprom assets in the Netherlands…
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…
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…