Methodology for gas royalties calculation gets under scrutiny again
A draft order of the National Agency for Mineral Resources (NAMR), published on January 19th, establishes that the royalties for…
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Exploration & production
Saudi Energy minister urges oil producers to extend cooperation beyond 2018
Saudi Arabia’s energy minister urged global oil producing nations to extend their cooperation beyond 2018, but said this might mean…
IEA sees oil markets tightening as Venezuelan output collapses
Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017’s biggest unplanned output fall and could…
After 20 years in Romania, LUKOIL announces investments of more than 30 million dollars in Petrotel
Petrotel LUKOIL announces new investments in their refinery in Ploiesti, over 30 million dollars by 2020, for improving environmental footprint.…
Greece gets interest for new offshore oil and gas tenders: licensing body
Tenders for offshore oil and gas exploration and exploitation west and south of Greece have attracted “strong interest” from companies…
ROPEPCA: Royalties for natural gas are paid on the production value, not on the ref price communicated by ANRM
The Romanian Association of Petroleum Exploration and Production Companies (ROPEPCA) clarifies how are calculated the oil royalties in the context…
ANRE approves a 88.28 lei/MWh price for a natural gas; 0.68 bani/Kwh impact in household bills
The Regulatory Committee of the National Regulatory Authority for Energy – ANRE approved the prices for the regulated supply of…
Energy transition must be performed gradually and not at any cost (opinion by Gheorghe Radu)
At European level, especially in developed countries in Western Europe, the primary energy resource have become more and more reduced,…
Mol announces first oil exploit in Catcher field, UK
Mol and its partnbers announced the first oil extraction at the Catcher, UK oilfield. Over the coming months production is…
Positive developments in the legislation rise hopes for the offshore sector
This October, Bucharest hosted the 5th edition of the Black Sea Oil & Gas conference, organize by GBC. There were…
The new royalties’ framework in the Romanian O&G Upstream
The Economy Ministry published in October the draft law for mineral, petroleum, and hydro-mineral resources. The document includes a much…
Paul Brummell: We are not leaving Europe; all our values remain exactly the same
Your Excellency, you have been the British ambassador in Romania since 2014, starting with just a few months before the…
Why we need a competitive energy market
Daniel Apostol, Secretary General of ROPEPCA For some time now, we have witnessed a long dispute within the political environment…
Sand Hill Petroleum Romania to invest up to 20 million euros in 2018
Sand Hill Petroleum Romania SRL (”Sand Hill”) is one of the newcomers in the Romanian Upstream sector (crude oil and…
World Bank pulls plug on oil and gas
The World Bank has announced it will stop funding oil and gas projects from 2019. Annie Pickering, a campaigner at…