Exploration & production
Russia’s Novak says premature to extend global oil deal, market is being balanced
It is premature to decide on extending the global deal to reduce oil production as the oil market has been…
France Plans to End Oil Output by 2040 With Exploration Ban
France will stop granting new exploration permits next year as it seeks to end all oil and gas production by…
NAFTA negotiators seek to enshrine Mexico’s energy reforms
U.S., Canadian and Mexican negotiators are zeroing in on ways to enshrine Mexican President Enrique Pena Nieto’s sweeping energy reforms…
Gazprom profit slides but Europe sales push higher
Gazprom, the largest Russian gas producer, saw its profit slump more than 80pc in the second quarter of 2017 despite…
Competition works, but liberalization is still far from being completed (EBC, Aug 30)
This is the brief description of the situation in Romania’s energy markets – electricity and natural gas, a description which…
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,…
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…
