Exploration & production
Constantin Gheorghe, revoked; Iulian Offenberg takes over the head of the Offshore Oil Authority
Prime Minister Mihai Tudose decided to revoke Constantin Gheorghe from the position of president, with the rank of state secretary,…
OMV Petrom doubled its net profit in the first nine months of 2017, compared to 2016
The OMV Petrom Group reports a net profit of 1.84 billion lei after the first nine months of the year,…
Fossil fuels will be main energy source for decades – OPEC
OPEC says growth in global oil demand will steadily lessen from an annual average of 1.3 million barrels a day…
KMG International’s profit up six times
KMG International, historical records in the first 9 months of 2017 KMG International (KMGI) has recorded a net profit of…
ROPEPCA asks for uniform rules for all private operators in the oil and gas industry
The Romanian Association of Petroleum Exploration and Production Companies (ROPEPCA) welcomes the opinion of Competition Council President Bogdan Chiriţoiu, according…
Oil rises to the highest level of the past two years
The Brent oil barrel rose on Monday at the ICE Futures London stock exchange to $ 62.46, the highest level…
Exxon is spending $1 billion a year to research green energy
One of the world’s biggest oil companies is pumping more than $1 billion a year into alternative forms of energy…
Energy security in Asia ‘may be fatally compromised,’ Saudi’s Khalid Al-Falih
Saudi Arabia’s Energy Minister Khalid al-Falih said he was worried about future energy security, especially in Asia Saudi Arabian Energy…
Shell, BP climate disclosures ‘just a marketing tool’, says ShareAction
Kyla Mandel, DeSmog Two years after BP and Shell shareholders resoundingly passed resolutions requiring the oil majors to factor climate…
Russia finds alternatives to the European market in India and Pakistan
Russia, which controls and manages huge gas reserves in energy-rich Iran, plans to export gas to Pakistan and India by…
Mobile benchmarks for oil royalties; OPCOM is mentioned as the only centralized market for natural gas
The Ministry of Economy launched on October 23rd a draft law regarding the regulation of the royalty system for the…
Gazprom Neft invested 2.5 bln euro in Serbia’s NIS since 2009
Gazprom Neft has invested 2.5 billion euro ($2.9 billion) in the development of its Serbian subsidiary NIS [BEL:NIIS] since 2009,…
Hungary – its “perfect” play on the gas market (analysis by Dumitru Chisăliţă)
Dumitru Chisăliţă The construction of monofilar national transport systems is no longer an option to develop the national transport systems…
Ion Sterian (Transgaz) joins the 5th Black Sea Oil & Gas Conference in Bucharest (October 25-26)
As we approach the 5th Black Sea Oil & Gas Conference, GBC has asked Ion Sterian, CEO, Transgaz, a few…
OPEC seeks consensus on oil supply cut extension before meeting
Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC’s secretary general said on Thursday,…
The Oil Market’s Fall Upswing (analysis by Radu Dudău)
Radu Dudău, EPG Director Early September saw the beginning of a significant price increase for Brent, the international crude oil benchmark,…
Polish expert Jerzy Dudek cries foul at Council’s Nord Stream 2 position
EU Council legal experts insist that the Commission should not be granted a mandate to negotiate the contested Nord Stream…