Economy Minister: Ruling coalition considers reducing fuel excise tax
The ruling coalition is considering measures to help consumers, such as reducing fuel excise duties and zero VAT on food,…
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Exploration & production
Oana Bucur, FPPG: Changing the Offshore Law, essential in unlocking major investments
Energy producers consider it essential to amend the offshore law that would allow the unblocking of major investments, such as…
It’s official: We reopen the coal, 600 miners will be hired; offshore law ready
The president of PNL, Florin Cîţu, said today that Romania already has alternative sources to the fuels from Russia to…
OMV joins large energy companies and withdraws from Russia
The Austrian group OMV announced on Saturday that it is withdrawing from Russia, being the latest energy company to make…
Brent oil price continues to rise, reaching almost $117
The price of a barrel of Brent oil supplied in March continued its rise on Thursday and rose by 3.48%…
OMV has stopped talks with Gazprom on a gas field and revises role in Nord Stream 2
Austrian energy group OMV announced that it has abandoned plans to take over a stake in a Gazprom gas field…
Italy freezes 500 mln. euro loan for Russian Arctic LNG project 2
Russia’s invasion of Ukraine has prompted Italy to suspend its $21 billion Arctic LNG 2 project, led by private Russian…
KMG International Group will have new chief executive officer
National Company KazMunayGas (KMG), the sole shareholder of KMG International N.V. (KMGI), made a decision on appointment of Bakhyt Kulmakhanov…
TotalEnergies does not pull out of Russia, will no longer provide capital
French energy firm TotalEnergies has announced that it will no longer be providing capital for new projects in Russia, in…
OPEC: Under siege by climate campaigners
The OPEC chief and ministers from major African oil producing countries on Monday defended investments in fossil fuels, saying Africa’s…
AEI: EU can completely give up Gazprom gas, a measure that would stop the war
The European Union has the opportunity to sustain its entire gas consumption on its own, with the arrival of spring,…
Virgil Popescu: I am in Baku to negotiate concrete collaborations in the field of energy
Energy Minister Virgil Popescu wrote in a Facebook post on Tuesday that he was in Baku to negotiate “concrete collaborations”…
L. Orban: If resources are exploited efficiently, Romania does not need Russian gas in the hot season
The leader of the Force of Right Party, MP Ludovic Orban, considers that Romania does not need Russian gas in…
Gas-exporting countries are sending a message of calm to the markets in the context of the new crisis
Heads of state and government in the main gas-exporting countries sent a message of calm to markets in Qatar on…
Ministry of Energy is in talks with many external partners to diversify gas sources
The Ministry of Energy has had numerous meetings with foreign partners to diversify gas sources and ensure independence from Russian…
New price control measures unveiled in Coalition on Tuesday – Offshore law to speed up
The reduction of VAT to 5 percent and the capping of suppliers’ profit margins to a maximum of 5% are…
XTB: Exceeding the $100 a barrel threshold is almost a certainty
Brent’s $100 a barrel threshold is almost certain, and more and more opinions are now suggesting that $125 a barrel…
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…
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…