US will overtake Russia as top oil producer by 2019, says the International Energy Agency
The United States will overtake Russia as the world”s biggest oil producer by 2019 at the latest, the International Energy…
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Exploration & production
Black Sea gas and international expansion are the answers for the future of OMV Petrom
Over the past 12 years, the company has invested over 13 billion euros, said Mariana Gheorghe, CEO of OMV Petrom,…
EU’s Vestager says in talks with Gazprom for ending the antitrust investigation
The EU’s competition supervisor is discussing the outcome of market feedback with Russian gas supplier Gazprom following “critical” comments from…
Gazprom to raise South Stream Serbia capital by 15 mln. euro
Russia’s Gazprom said on Monday its board of directors has approved the subscription of a 15.46 million euro ($19.2 million)…
Romgaz expects additional expenses of up to 30 million lei with royalties in 2018
In the conference call to discuss the 2017 preliminary financial results, Romgaz officials estimated to 24-30 million lei the additional…
Trump nominee for key U.S. energy post says would oppose Russia pipeline
U.S. President Donald Trump’s nominee for a top State Department energy position said on Thursday he would oppose Russia’s proposed…
Harald Kraft: All members of ROPEPCA paid the royalty at the selling price, not at the reference from NAMR
With regard to the amounts calculated by the Court of Auditors as being unpaid in the last years on account…
The cost of adopting the Vienna price as a reference exceeds the potential gains (opinion by Dumitru Chisăliță)
Dumitru Chisăliță Romania has indirectly made a rule, through a regulatory decision, from what an ANRM official have said a…
ROPEPCA: The reference to the Austrian hub is irrelevant to the Romanian natural gas market
The Romanian Association of Petroleum Exploration and Production Companies – ROPEPCA welcomes the ANRM’s initiative to launch in public consultation…
Chevron has to pay over 97 million dollars over how it left Romania
The total compensation that Chevron has to pay to the National Agency for Mineral Resources (ANRM) in the process won…
EU launches new trade inquiry into Argentine biodiesel
The European Commission has begun a new investigation into whether Argentine biodiesel exporters benefit from unfair subsidies, following a complaint…
Shell buying spree cranks up race for clean energy
Royal Dutch Shell (RDSa.L) has spent over $400 million on a range of acquisitions in recent weeks, from solar power…
Oil hits $71 for first time since 2014 on tighter supply and weak dollar
Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking…
Big Oil flush with cash again, but no party yet
The world’s top oil companies are expected to generate more cash in 2018 than at any other time this decade…