Court of Accounts: Import of natural gas increased due to over-taxation of domestic production
Extra-taxation of natural gas producers’ revenues has led to a rise in cheaper Russian imports, according to a report by…
EU, US, Egypt warn Turkey over drilling off Cyprus
The United States and Egypt warned Turkey against escalating tensions in the eastern Mediterranean over its attempt to drill for…
Kremlin says Rosneft’s dispute with Transneft not a matter for Putin
The dispute between Rosneft and Transneft is not a matter for Russian President Vladimir Putin to intervene in because it…
Iran: UK’s illegal seizure of Iranian oil tanker won’t go unanswered
Iran’s top military commander warns that Britain’s illegal seizure of an Iranian oil tanker in the Strait of Gibraltar will…
Sarasin cuts Shell stake, criticising its climate strategy
London-based asset manager Sarasin & Partners has sold nearly 20% of its holdings in Royal Dutch Shell, saying the oil…
Oil royalties may increase, Competition urges oil companies to come up with property papers and pay rent to the state
Bogdan Tudorache The Competition Authority considers that the increase in the oil royalties level will intensify the competitive pressure in…
Reverse taxation to be introduced for gas supply, at the initiative of OPCOM
The Government intends to extend the reverse charge in the field of natural gas supplies, according to the model applied…
Competition Council: Fuel price rises should be displayed simultaneously
Bogdan Tudorache The Competition Council supports the implementation of a rule whereby all operators display simultaneous increases in fuel prices…
Exxon to begin drilling development wells for Liza Phase 2
ExxonMobil Guyana will begin drilling development wells for the 220,000 barrels per day Liza Phase 2 Development project early 2020…
Second Turkish drillship arrives off Cyprus coast, Nicosia protests
A second Turkish ship planning to drill for oil and gas off Cyprus arrived off the Mediterranean island’s northeastern coast…
KMG injects 25 million USD into the Kazakh-Romanian fund
KMG will increase the share capital of the Kazakh-Romanian Energy Investment Fund set up in November last year as part…
Cristina Pruna: Romania paid the highest price in the European Union for natural gas imports; production in T1 – lower by 3%
Bogdan Tudorache In the first three months of this year, Romania paid the highest price in the European Union for…
Ioan Niculae reopens Viromet
The chemical plant Viromet Victoria, owned by Interagro’s Ioan Niculae, was restarted on Thursday. It is the first chemical unit…
Manuela-Petronela Stan-Olteanu, chairman of the Board of directors of Romgaz
The Board of directors of Romgaz appointed Manuela-Petronela Stan-Olteanu as chairman on Wednesday, according to a press release issued to…
Gas pipeline of 27 mln. lei Pojorâta-Vatra Dornei, a project of national importance
At the Government meeting on Wednesday, July 3, a Government Decision was adopted by which the gas pipeline Pojorâta-Vatra Dornei…
Poland is consolidating its oil industry: PKN ORLEN aquires LOTOS Group
Bogdan Tudorache PKN ORLEN has just filed a formal application for the European Commission’s approval of its proposed acquisition of…
Ukraine’s preparations for termination of gas transit by Gazprom from 2020 under threat over fall in production by Ukrgazvydobuvannia
Ukraine should prepare for the full termination of Russian gas transit from early 2020, although the preparations are endangered over…
Kazakhstan to divert some oil flows from Europe to China
Kazakhstan plans to increase oil exports to China to 6-7 million tonnes a year from just 1 million tonnes at…
Gazprom signs 5-year natural gas contract with Turkmenistan
Gazprom has signed a 5-year contract with Turkmengaz to purchase natural gas, the Russian gas producer said on Wednesday. Turkmenistan…
Havrileţ: Romgaz could have a new strategy department
Niculae Havrileţ, recently elected administrator at Romgaz, is interested in creating a new strategy department. “As a member of the…
OMV Petrom invests another 30 mln. euro in offshore drilling in the Black Sea
OMV Petrom has launched a new offshore drilling campaign in shallow waters in the Istria region of the Black Sea.…
Nicolaescu, OMV Petrom: Competition is significant for the fuel market
The Romanian fuel market is free, competition is significant and each company independently determines the price, said Adrian Nicolaescu, chairman…
Effect of GEO 114: When gas prices rise, the real sector takes over the burden
Although the effect of increasing the price of gas for the unregulated segment following Ordinance 114 was anticipated by specialists,…