Gazprom postpones by two years the launch of Yuzhno-Kirinskoye gas field
Russian energy giant Gazprom plans to launch the Yuzhno-Kirinskoye gas field offshore Russia’s Sakhalin island in the Pacific in 2023,…
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Exploration & production
Upetrom enters insolvency due to losses
Upetrom 1 Mai, a company owned by Gabriel Comănescu, went into insolvency due to losses, which last year amounted to…
Taxation and political instability impede Upstream development of the Black Sea (Aleksandrs Popovics, Wood Mackenzie)
Wood Mackenzie has recently published an exhaustive report about the hot upstream projects currently explored in the Black Sea with…
Gazprom Neft to boost dividends as output growth beats peers
Gazprom Neft PJSC, the oil unit of Russia’s biggest natural-gas exporter, is set to boost dividends over the next few…
US shale boom ends OPEC’s power to crush
For decades, the world’s largest oil shippers lived in fear of OPEC turning off the taps and causing demand for…
OPEC production rises again above its output ceiling
Production of crude oil across all OPEC countries rose again in July, to above the level the cartel has agreed…
MOL raises bar for 2017 after H1 good results
MOL Group announced all business segments increased their earnings in H1, implying a 23% growth of Clean CCS EBIDTA in…
Four of Romgaz administrator mandates to be extended, yet another interim
The shareholders of the gas producer Romgaz, one of the most profitable state-owned companies, want to extend the temporary administrator…
Oil near two-month high as producers set to meet again
Oil was flat near two-month highs on Monday, putting July on track to become the strongest month so far this…
Shell sees oil demand peaking by late 2020s as electric car sales grow
The world’s oil consumption could peak as early as the end of the next decade as electric vehicles become more…
OMV, Exxon and Austria – main losers of BRUA deviation, according to ICIS
While watching Hungarian authorities offering Gazprom a new deal on a platter, Americans of Exxon, that exploit new Black Sea…
Bogdan Chiritoiu: 2017 – the most intense year for Competition Council
The Competition Council has the most intense activity this year, both in terms of the carried out investigations and those…
The lack of clarity and predictability of the regulatory environment in the gas field persists
The lack of clarity and predictability of the regulatory framework for natural gas persists, with negative impact on both the…
BRM demolishes arguments for ceding the gas exchange, denies keeping just part of trades
The Romanian Commodity Exchange (BRM) leadership disagrees with the proposals according to which the gas ring is to be given…
Russia sanctions bill stalled by GOP over energy provisions
House Republicans are throwing up new roadblocks to a Russia and Iran sanctions bill over concerns from the energy industry…
KMGI plans to invest billions of dollars in Romania, funded by China Energy Company
KazMunayGas International plans to make billions of dollars worth investments to improve assets in Romania, but also to acquire new…