IEA is urging the OPEC+ group to increase its oil production
Fatih Birol, head of the International Energy Agency (IEA), said on Wednesday that the OPEC+ group (composed of the Organization…
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Exploration & production
IEA cere grupului OPEC+ să-şi majoreze producția de țiței
Fatih Birol, şeful Agenţiei Internaţionale a Energiei (IEA), a declarat miercuri că grupul OPEC+ (compus din Organizaţia Statelor Exportatoare de…
Cosmin Marinescu: Energy crisis, more harmful to the economy than the pandemic and restrictive measures
The current energy crisis is shaping up to be far more damaging to the economy than the pandemic and its…
Romgaz hydrocarbon production rose 11.2% last year
Last year, Romgaz recorded a hydrocarbon production of 32.53 million barrels equivalent to oil (boe), 11.2% higher than that reported…
Bankwatch: Progress in green recovery through PNRR, slowed by investment in fossil fuels
EU Member States’ efforts to target 672 billion euro in recovery and resilience funds to climate action are undermined by…
Oil majors will increase their production by 400,000 barrels a day
The OPEC+ group (composed of the Organization of the Petroleum Exporting States and other major producers) agreed to maintain a…
Verchere: High gas prices are not reflected in profit, with a tax rate of 47%
High gas prices are not reflected in OMV Petrom’s results due to extremely high taxation – in 2021, the effective…
Bogdan Aurescu: Gas crisis in Moldova – case study for Russia’s hybrid war
Bogdan Aurescu, the Romanian Foreign Minister, spoke in a CNN interview about the natural gas crisis in the Republic of…
Cristian Păun: The incompetence and ignorance of politicians, to blame for the current energy situation
To accuse the market and liberalization of the current situation in energy and gas betrays an acute lack of logic…
EC: Debate on the inclusion of gas and nuclear in the taxonomy
The European Commission on Wednesday debated the proposal to classify nuclear energy and gas as green sources of energy transition,…
AEI: Romania should exploit shale gas, we need a strategy and correct information of citizens
The price of gas has risen, making shale gas exploitation profitable, and Romania has a huge chance to increase its…
Eurostat: Fossil fuels have continued their downward trend in the 2020 mix
Although oil (34.5%) and natural gas (23.7%) were still the most important energy source in the EU’s energy mix in…
Gazprom: Gas volume in European deposits fell by almost 27% as compared to 2021
Less than a fifth of the volume of gas pumped in the summer season is now filling the European underground…
Bulgaria: 78 mln. euro EU grant to expand gas storage facility
A project to expand the underground gas storage facility in Chiren, northwestern Bulgaria, will be funded with a 78 million…
Romania’s crude oil production fell by 4.1% in the first 11 months of 2021
Romania produced, in the first 11 months of 2021, a quantity of crude oil of over 2.848 million tons of…
Romania will have a surplus of 1 bln. cm of natural gas for next winter
Romania will have a surplus of one billion cubic meters of natural gas next winter, which will come from the…
Norway invested 15 bln. euro in oil and gas in 2021
Norway, the largest exporter of gas and oil in Western Europe, announced that investments in this field last year amounted…
OMV Petrom’s gas production fell 14.5% in Q4
OMV Petrom’s gas production was 14.5% lower in the last quarter of last year (Q4) compared to the same period…
Romgaz: Neptune Deep deal needs clarifying some issues
The signing of the sale-purchase contract for ExxonMobil Exploration and Production Romania Limited shares has not yet taken place, as…
OPEC: Global oil demand will return to pre-pandemic levels in 2022
The elected secretary general of the Organization of the Petroleum Exporting States said on Monday that global oil demand should…
OPEC and Russia decide on Tuesday whether to increase oil supply
Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers decide on Tuesday whether to increase their supply…
South Africa: Court suspends seismic exploration of Shell – unprecedented victory for greens
A Shell project involving a ten-second shock wave in the ocean to search for oil and gas off one of…
OMV Petrom: Employee remuneration is at competitive levels for the relevant oil and gas industry
The remuneration of OMV Petrom employees is at competitive levels for the relevant oil and gas industry and includes fixed…