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,…
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Exploration & production
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…
Natural gas trading obligations on centralized markets in Europe (a Deloitte analysis)
Romania is one of the three European states with obligations related to centralized trade of natural gas. In Europe, the…
Kazakh KMG sees sale of stake in KMGI to CEFC by end-June
KazMunaiGas’s deal to sell 51 percent of its Romanian business KMGI to China’s CEFC is still going ahead but has…
Romgaz: Investments of 1.6 billion lei in 2018 and diversification plans in CNG, renewable and petrochemicals
Romgaz estimates for this year an operating profit of 4.57 billion lei, down 8.1% from the preliminary value of the…
Investors pile into Gazprom bond sale
Just as Prime Minister Theresa May was spelling out the U.K.’s response Wednesday to the poisoning of a former spy…
Iulian Clişeru temporarily takes the chairman position in ACROPO after Iulian Offenberg’s revocation
Prime Minister Viorica Dăncilă has decided to revoke Iulian Offenberg from the position of Chairman of the Competent Authority for…
KMGI profit grew six times, looks for new opportunites in the Black Sea region
KMG International group, the owner of the Romanian Rompetrol, has made an USD 80 million worth net profit net, last…
