Giving up gas storage, a risky price deflator
The abandonment of gas storage will be a solution for reduced pressure on prices, but this will happen in the…
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Exploration & production
Mark Wagley (ROPEPCA): Romania has a bright future if it will invest in the O&G sector
By stimulating capital investment in the O&G industry, Romania will both support the activity in sector, and simultaneously increase its…
Germany, Austria tell U.S. not to interfere in EU energy policy
While Nord Stream 2 pipe may be exposed to a US ban, Germany and Austria condemned a proposed expansion of…
Florina Sora (NAMR): The development of offshore resources is a priority for the NAMR
The law under which oil concessions were granted is not specific to the offshore field, so improvements need to be…
B. Klauser, DG Energy (EC): One trading place for gas producers in Romania will have a very detrimental effect on market functioning
Before we talk about regional cooperation in terms of security of supply or even gas hubs, “it’s important to get…
ROPEPCA accuses discrimination against the local oil industry through measures adopted in Parliament
The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) looks with great concern upon the recent amendments in Parliament aiming…
Iran hits back at India, tapping Russia’s Gazprom to develop its giant gas field
Tehran has picked Russian energy major Gazprom to develop the Farzad B gas field, discovered by India’s Oil and Natural…
Oil prices – an indicator that does not lie (comment by Radu Crăciun)
The topic of global warming has reached its goal, says Radu Crăciun, president and general manager of BCR Pensii, in…
Oil falls for second day as concern grows over supply
Oil fell for a second day on Thursday to hit one-month lows after an unexpected surge in U.S. inventories and…
Oil slips on worries Mideast rift could undermine OPEC cuts
Oil prices slipped further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several…
Roland Berger: The oil price will remain around $50 a barrel
Almost all oil-producing countries have overestimated the projected price for 2016. Last year, the three oil producing countries with the…
Seele, OMV: Q2 has been stable, positive
Austrian oil and gas group OMV has seen stable business in the second quarter, CEO Rainer Seele told reporters, after…
ANRE supports BRM and ”effective competition”, the exchange announces record trades
While at the BRM exchange ring, 300.000 MWh were traded at a record price of 68,50 lei/MWh, one of the…
OPEC nearing deal to extend oil output cut to March 2018
OPEC and non-member oil producers moved closer on Wednesday to clinching a deal on extending output cuts by nine months…