Russia warns that a barrel of oil could exceed $300 in the event of a joint embargo
Oil prices could rise to more than $300 a barrel if the United States and the European Union ban oil…
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Bulgaria could request an exemption from any EU sanctions on imports of gas and oil from Russia
Prime Minister Kiril Petkov said on Monday that Bulgaria supports sanctions against Russia as a means of stopping the invasion…
Energy and natural gas prices exceed all expectations, both in Romania and in Europe
The price of natural gas reached a new all-time high on the European market on Monday morning, after the US…
Virgil Popescu: We are looking at all the possibilities of gas supply; we will not have problems
Romania is looking at absolutely all gas supply possibilities, and Azerbaijan is certainly a source and a natural gas supply…
ENGIE: Stopping energy imports from Russia would affect supply next winter
Any decision to stop energy imports from Russia in retaliation for Moscow’s invasion of Ukraine will affect France’s and Europe’s…
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…
IEA: 10 measures the EU should adopt to reduce Russian gas dependency
The International Energy Agency has presented the EU with 10 measures to reduce its dependence on Russian natural gas within…
Iohannis: The European Union’s dependence on Russian gas must end
The European Union’s dependence on Russian gas must end, President Klaus Iohannis said in a joint conference with European Commission…
Virgil Popescu spoke with the Azerbaijani president about Europe’s gas supply
Romanian Energy Minister Virgil Popescu in Baku spoke with President of the Republic of Azerbaijan Ilham Aliyev and other officials…
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%…
Gazprom’s natural gas exports fell by a third between January and February 2022
Gazprom’s natural gas exports to countries outside the former Soviet Union fell 32.6 percent in the first two months of…
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…
Engie condemns invasion of Ukraine and increases gas purchases from Norway
Engie, one of five Western companies that joined as financing partners in Gazprom’s Nord Stream 2 project, condemned the situation…
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”…
Switzerland: All Nord Stream 2 employees have been fired
All employees of the Swiss-based consortium behind the controversial Nord Stream 2 project have been fired, Swiss Economy Minister Guy…
Canada bans all imports of crude oil from Russia
Canadian Prime Minister Justin Trudeau on Monday announced a ban on “all crude oil imports” from Russia, “an industry that…
OMV, an investor in the Nord Stream 2 project, convened the crisis team on Monday
OMV held a meeting of the crisis team on Monday, a spokesman for the Austrian energy group announced, Reuters reports,…
Germany will accelerate plans to reduce its dependence on Russian gas
Germany will implement plans to build two new liquefied natural gas (LNG) terminals and also increase its natural gas reserves…
Romgaz’s profit increases by 52% amid rising gas prices
SNGN Romgaz SA posted a preliminary net profit of 1.90 billion lei for 2021, up 52% compared to the previous…