Rosneft offers 5 bln. USD for the majority stake in Bashneft
Russian oil giant Rosneft could be offered the controlling stake of 50,08% in the medium-sized oil producer Bashneft for some…
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Exploration & production
Russia and Norway in talks over gas exports to Europe
Russian Energy Minister Alexander Novak has discussed with his Norwegian counterpart Tord Lien common interests on the European gas market,…
For the US and Romania, energy comes first after the rule of law and military security
Robust security cooperation is a vital part of the U.S.-Romania Strategic Partnership, says the joint press release from the of…
Raiffeisen: Oil to grow to 55 USD per barrel in 2017
Oil prices are likely to remain stable between USD 45 and 50 per barrel of Brent until early 2017, which…
When everything depends on OPEC
The pump-and-dump strategy introduced by Saudi Arabia in November 2014 was called off Wednesday when Opec members meeting in Algiers…
Oil prices slip as hopes for a deal in Algiers fade
Crude oil futures fell on Tuesday as optimism faded for an output-limiting deal from an oil producer meeting in Algeria…
OMV Petrom will offer a dividend of minimum 30% this year
OMV Petrom proposes its shareholders a dividend worth a minimum 30% for this year, says a release sent to Bucharest…
Gazprom wants more than 25 percent of OMV North Sea assets
Gazprom wants more than 25 percent of OMV’s Norwegian North Sea holding company but is being prevented from taking a…
Romania must find alternatives to the reserves exhaustion – ROPEPCA
The proven reserves of gas in Romania will be exhausted in the next nine years, while those of oil in…
Romgaz and ANRM continue investing into eight gas fields
Romgaz and the National Agency for Mineral Resources (ANRM) have decided to continue gas exploration to eight fields through a…
Government to offer facilities in obtaining visas for foreigners who will work in the Romanian offshore
The foreigners who will work in the Romanian offshore exploitation-development activities of the natural resources, will obtain the right of…
Natural gas producers and suppliers are invited on centralized markets under threat of fines
The manufacturers and suppliers of gas will have to conclude agreements on centralized markets for at least 5% of the…
Government is working on a major revamp of the legal framework for O&G
Natural gas market in Romania is at a crucial moment which requires extensive changes in legislation within a very limited…
It’s official: Expert Petroleum took over Petrofac in Romania
Competition Council greenlighted the takeover of the local subsidiary of Petrofac by Expert Petroleum, according to a press release received…
Gas imports more than doubled in the first half
Romania imported in the first six months of 2016, the amount of usable natural gas of 222,400 tonnes of oil…
Oil, gold and investments – Q3 barrel still at 45-50 USD
Commodities were broadly unchanged for a third consecutive week but plenty of individual action was seen last week. ”We are…
Romgaz make less profit, but preserves its profitability
Romgaz announced a profit of 615 million lei in the first quarter of the year, a period that can be…
MOL’s Panfora Oil and gas to start exploring in two oil blocks in western Romania
The Hungarian oil group MOL, through Panfora Oil and Gas, starts exploring in two oil blocks in western Romania, Voivozi…
OMV Petrom dropped out 1,200 employees in the last 12 months, with reduced Upstream operations
OMV Petrom recorded a net profit of 408 million lei, after the first six months of the year, while procedeed…