Russia sells another 19.5 percent Rosneft stake by decree
Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft…
Romania-Bulgaria gas pipeline will become operational on November 11
Transgaz has completed the pulling up of the back-up pipeline under the Danube of the gas interconnector between Bulgaria and…
MOL Group will invest more than $2 billion in Upstream projects in the next five years
MOL Group announced the financial and operational objectives for the next five years, shortly after the publication of the Strategy…
Mol’s upstream segment grows in spite of shriking oil price
MOL group upgraded its 2016 operational profit (clean CCS EBITDA) guidance to around USD 2.2 bn, as the upstream third…
Oil majors join forces in climate push with renewable energy fund
Top oil companies including Saudi Aramco and Shell are joining forces to create an investment fund to develop technologies to…
Romania loses investments because of bureaucracy and system bottleneck
Fragmented collaboration between the various authorities and lack of a predictable tax regime block energy investments. During the session dedicated…
Artur Stratan, ROPEPCA: Investments depend on the strategy, fiscal regime and the oil price
Romanian oil and natural gas needs investments of around one billion euros annually just to finance the current needs and…
Romgaz offers Duro Felguera and Romelectro the Iernut deal, worth 269 mln. euro
Romgaz has signed on Monday the contract for the new Iernut Thermal central, worth about 269 million euro, with a…
GE to merge oil and gas business with Baker Hughes
General Electric, banking on a recovery in oil prices, said it would merge its oil and gas business with No.…
Russian Rosneft sells more to Indians, more deals to come
Russia’s state-owned company Rosneft and India’s ONGC Videsh Limited have closed the transaction for the purchase of 11% of Vankorneft…
Russia says oil output freeze effective for markets stabilization
Cooperation between the Organization of Petroleum Exporting Countries and Russia intensifies amid discussions on how Moscow could manage to support…
World Bank: Energy prices to go up 25% in 2017
The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel…
ArcelorMittal injected 400 mln. euro in Romania, will continue investments
ArcelorMittal injected 400 million euro in Galati and will continue investments, says Lakshmi Mittal, chairman and CEO of ArcelorMittal. “ArcelorMittal…