Ministry of Energy: We insist that Romania benefits from the gas imports of this period
Gas imports from this period are advantageous for Romania, as they are much cheaper than at the peak of winter,…
Putin calls for end to ”generous” oil industry tax breaks
The Russian government’s generous tax break to its largest oil company, Rosneft, for work on its largest oilfield, the Priobskoye,…
Bankers Petroleum has increased its crude oil output in Albania by 18%
Canadian-Chinese oil producer Bankers Petroleum has increased its crude oil output in Albania by 18% year-on-year to 15,059 barrels of…
Greece-Bulgaria Gas Interconnector get final license
ICGB, the company developing the Gas Interconnector Greece-Bulgaria project, said that it was granted a final licence by Greece’s energy…
Energy suppliers could raise gas prices this Autumn by 10%
Engie sent notifications on the increase in final gas prices from autumn to customers in the competitive market. According to…
Why natural gas can’t blow off biogas threat any more
Natural gas is already facing competition from wind and solar in some markets, and biogas has also been nipping at…
The local gas distribution network increased in 2018 by 3%
The natural gas distribution network reached 41,413 kilometers, reflecting an increase of 2.9% in 2018, according to the National Institute…
Romgaz to increase fourfold the capacity of the Oltenia gas storage facility
Romgaz, through its specialized gas storage depot, Depogaz, launched in the Electronic Procurement System a tender notice for the elaboration…
Bădălău: Romania can sell GNC from Israel through BRUA
Economy Minister Niculae Bădălău says he recently spoke with Israeli officials and that this state would be interested in shipping…
Fitch awarded Transgaz a ‘BBB minus’ rating with a stable outlook for the first time
Fitch Ratings attributed Transgaz, the operator of the national gas transmission system in Romania, the long-term rating ‘BBB minus’, the…
The fuel price monitor registered 180,000 searches within the first two weeks since launch
Thus, in the first two weeks, the most sought after were standard gasoline (59,930) and standard diesel (54,932), both representing…
Romania gets involved in the development of the Southern Gas Corridor
Romanian Government approved on Wednesday a Memorandum of Understanding between the Ministry of Energy, Transgaz and the Consultative Council of…
While Exxon threatens to leave, the Energy Ministry announces that it has issued its drilling license for Tuzla
Bogdan Tudorache While Exxon threatens to sell its Romanian stake in Neptun Deep, the Energy Ministry has announced it has…
Rompetrol Rafinare, a new stage in greening of the historical settling lagoons from Vega Refinery, batale istorice
Rompetrol Rafinare announces the continuation of the program for remediation and greening of the historical lagoons of Vega Ploiesti Refinery…
BP: Romania was the fourth largest producer of oil in the EU last year
Romania was last year fourth in the European Union in terms of oil production, with 3.6 million tonnes, down 2%…
Lower oil output and imports
Romania imported in the first five months of 2019 an oil quantity of 3.44 million tonnes of oil equivalent (toe),…
Sea section of Russia’s Nord Stream 2 natural gas pipeline is 60% complete
Russia has finished laying nearly two thirds of the Nord Stream 2 natural gas pipeline along the bottom of the…
IEA: Huge oil glut coming in 2020
The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. Looking…
Equinor says production starts at Trestakk field in Norwegian Sea
Production on the Trestakk oil and gas field on Haltenbanken in the Norwegian sea has started, operator Equinor said on…
Turkey says EU funding cuts will not affect its drilling off Cyprus
European Union decisions to curb funding for Turkey over its drilling for gas and oil off Cyprus will not affect…
Transgaz: Works at BRUA are on schedule, 215 kilometers of pipeline, already completed
BRUA pipeline works are on schedule, and 215 kilometers of pipeline have been already completed, Transgaz officials said. Transgaz’s general…
ExxonMobil has informed the Government that it wants a new partner in the Black Sea gas project
ExxonMobil, the company exploring the deep Neptune perimeter of the Black Sea alongside OMV Petrom, informed the government representatives late…
Petrochemical Holding sues Romania in Washington for violating the Energy Charter Treaty
The Austrian Petrochemical Holding GmbH, the former majority shareholder of the RAFO Onesti refinery and its largest creditor, controlled and…