Gal, ANRM: In March, a new methodology for the reference price for gas
The government could approve this spring a new methodology for calculating the reference price for natural gas, said Sorin Gal,…
US has trouble finding enough fracking sand, as production grows
Demand for frac sand has surged in recent weeks as U.S. producers rush back to the oil patch, stoking concern…
Net income declined (23%) in Rompetrol Rafinare, while the operating profit climbed by 62%
Depressed prices for oil products impacted seriously the net profit made in 2016 by Rompetrol Rafinare, a company member of…
Gazprom additional share purchase values Nord Stream 2 at 1.5 bln USD
The board of directors of Russia’s state-run energy company Gazprom has approved the purchase of additional shares in the Nord…
Oil overhang points to need for extended OPEC output cuts
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing…
Gazprom requests Russia’s gov’t partially liberalize gas market
Russia’s energy giant Gazprom asked the Russian government in 2016 to take steps aimed at partial liberalization of natural gas…
EC to conduct market survey before deciding on Gazprom fine
The European Commission will conduct a market survey before deciding finally whether to fine Russian company Gazprom or make a deal with…
BP recorded a net profit of 115 million dollars
The British oil company British Petroleum (BP) conducted last year a net profit of 115 million dollars (107 million euros),…
MOL gets new exploration licenses in Hungary and Norway
MOL Group has expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL thus obtained six new…