Gazprom speaks out against OPEC production cut extension
While OPEC is said to be mostly leaning toward a 9-month extension of the production cuts, Russia’s Energy Minister Alexander…
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Exploration & production
Mexico to liberalize fuel prices one month earlier
Mexico will liberalize fuel prices nation-wide on 30 November, moving ahead by 30 days plans to remove price caps in…
Good results for the listed energy companies (Mihai Căruntu analysis)
Some companies will record profits over estimates, while others are still dependent on strategic decisions to increase, Mihai Căruntu, head…
MOL gets a newly upgraded investment grade rating from S&P
MOL group has been upgraded to BBB- investment grade long-term credit and issuer rating with stable outlook by Standard and…
Harald Kraft, Country Manager for Stratum Energy Romania, takes over ROPEPCA’s Presidency for the next year
For the next year, Harald Kraft, Country Manager for Stratum Energy Romania, takes over the Presidency of ROPEPCA – the…
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…