A consortium led by Engie buys the Petrobras pipeline division
A consortium led by French utility company Engie has won an auction to take over TAG, the Petrobras group’s pipeline…
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Import-Export
Romania has imported oil worth USD 4 billion in 2018, 70% of the refining needs
Romania’s oil imports were 59.4 million barrels, or 71% of the consumption needs of the three refineries Petromidia, Petrobrazi and…
Oil hits 2019 high on OPEC cuts
Oil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanctions against Iran and…
The acquisition of natural gas at 68 lei / MWh starting with April 1, 2019 is annulled, new contracts are signed
Bogdan Tudorache Suppliers can speculate on new market conditions with the rewording of GEO 114. All previously signed contracts that…
Competition will issue recommendations for the fuel market by the end of the month
The Competition Council will launch in public debate, this month, the first version of the recommendations for the fuel market,…
Gazprom expects tough competition from U.S. LNG exports to Europe
U.S. exports of liquefied natural gas (LNG) to Europe will be the main competition for Gazprom this year, the Russian…
Hungary has already provided its gas supplies for 2020
Hungary has secured gas supplies for the next year even though Moscow and Kiev will not be able to reach…
The regulator decided what companies would buy how much domestic gas and from whom at the price the Government set
The latest decisions of the National Regulatory Authority for Energy – ANRE set out the destinations for natural gas from…
EY: The value of oil and gas transactions rose in 2018 due to record of 11% in downstream
The total value of oil and gas transactions increased by 79.7 billion USD in 2018 to 426.8 billion, despite a…
F. Hajdinjak: Authorities must urgently rethink their energy poverty policies
Since publicly presented in late December 2018, GEO 114/2018 stirred massive reactions on all levels (media, industry, experts, politicians). It…
Franck Neel, OMV Petrom: Liberalization takes time
As Europe’s gas reserves deplete, Romania has the highest growth potential in the regional gas market, but liberalization takes time,…
INS: Romania has a surplus of 90 mln. euro in international electricity trade, 11 months – 2018
Romania exported electricity worth 210.6 million euros in the first 11 months of 2018, while the value of the imports…
The EC asks Romania to correctly transpose EU rules on the internal energy market; the ministry of Energy awaits for the official communication
The European Commission sent a letter of formal notice to Romania for failing to correctly implement certain requirements of the…
Exxon Mobil CEO sets plan to boost spending
Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said, and the largest U.S. oil…
Ukraine is going to bring Russia in front of the European Commission for breaking EU Competition Law
Ukraine’s Naftogaz is preparing a formal complaint against Russian Gazprom’s “abusive and illegal practices”, announced Yuriy Vitrenko, Executive Officer of…
Gazprom gas exports to Romania, up 11% in 2018
Russia’s Gazprom increased its natural gas exports to Southeast Europe (SEE) by 1.2% to 12.482 billion cubic metres in 2018,…
MOL Group 2018 Results: Highest EBITDA since 2011, up 10%
MOL increased its EBITDA by 10% comfortably beating its upgraded 2018 target as Upstream and Consumer Services continued to significantly…
Exxon Mobil and Qatar greenlight USD 10 bln. project to export natural gas from Texas
Exxon Mobil and Qatar Petroleum announced a final decision to finance a $10 billion-plus project to export liquefied natural gas…
The U.S. is set to become a major net energy exporter
This month the Energy Information Administration released its Annual Energy Outlook (AEO) 2019 with projections to 2050. The purpose of…