Funds prepare $2 billion oil market play as supply tightens
Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next…
Sorin Grindeanu proposed forming a ministerial team for new energy projects in the Black Sea
The Prime Minister Sorin Grindeanu talked on Monday, February 27th, during a meeting held with a delegation from the consortium…
Saudi Aramco IPO could be worth 100 bln. USD
Saudi Aramco has asked JP Morgan Chase and Morgan Stanley to assist with its upcoming mammoth IPO and could call on another bank…
Construction of gas pipeline between Bulgaria and Greece to start in 2018
The construction of the gas link between Bulgaria and Greece is expected to start in the beginning of 2018, stated interim Energy Minister Nikolay Pavlov in Azerbaijan. Pavlov…
A new workshop for Southern Gas Corridor
The third meeting of the Consultative Council on the project South Gas Corridor started in Baku, according to novinite.bg. Representatives of the European Commission, Georgia, Turkey, Albania,…
OPEC output deal made ”remarkable impact” on oil prices
Qatar’s oil minister on Wednesday hailed the success of OPEC’s agreement to cut oil output, saying it had spurred a…
Biomass – the energy promise for environmental issues
The capitalization of biomass as an energy resource seems to be suspended between several decision-making levels (European, national, municipal) and…
Increased interest for state companies, as state forces payment of 90% of profits as dividends
In the last weeks, the quotations for utilities were animated by the decision that obliges the state companies to distribute…
OMV, the largest distribution center in the western Romania, in Arad
Mayor of Arad, Gheorghe Falcă, announced an investment of 17 million euros made by OMV Petrom, which will build a…
Alexey Miller and Rainer Seele seal the deal for Nord Stream 2 pipeline
Alexey Miller, the CEO of the Russian energy giant Gazprom met Rainer Seele, the head of Austria’s OMV energy company,…
Bulgartransgaz: yearly capacity allocation procedure will take place on March 6
Bulgartransgaz highlighted that it is offering of bundled year capacity at IP Kulata/Sidirokastro in reverse flow direction, transfer point between…