Transgaz proposes dividends worth 207 million lei, 17% below last year`s level
Transgaz Mediaş (TGN) proposes its shareholders dividends amounting to almost 207 million lei (46.2 million euro), 17% below those paid…
Transporters: New excise to surge spending in election year, moves consumption over border
Government decided to introduce additional fuel duty without an impact assessment , in order to make higher expenses in 2014,…
Shell pulls out of Ukraine deal
Anglo-Dutch conglomerate Royal Dutch Shell, the largest oil and gas company in Europe, announced that it has withdrawn from negotiations…
Privatization Calendar: Hidroelectrica – uncertain term, Electrica in June and Oltenia in autumn
###author### Hidroelectrica is struggling to get rid of insolvency procedures, and in the meantime it will follow a restructuring program,…
Delegate Minister for Energy, named Chairman of the Board for ACER
Delegate Minister for Energy, Răzvan Nicolescu, was named president of the Council of Administration (CA) of the European Agency for…
USA would sanction Russia with more succes by liberalization of its oil exports
###author### After Russia attempted to the territorial integrity of Ukraine by sending some armed insurgency forces in Crimea, appeals from…
FP: Tarnita and the submarine cable insufficiently founded, Romgaz delays participation
###author### Franklin Templeton, the manager of Fondul Proprietatea (FP) considers that Tarnita and the Romania – Turkey submarine power cable…
Russians take over for 5 billion euro RWE`s oil and gas division
L1 Energy, the investment vehicle of Russia’s fourth-richest man Mikhail Fridman, agreed to buy RWE AG (RWE)’s Dea oil and…
PDL lay down in Parliament a simple motion on energy
Chamber of Deputies debate s Monday at 16:00 the simple motion on energy initiated by PDL (Liberal-Democratic Party), which will…
Romania and Europe`s alternatives to Russian gas
###author### It will take at least three or four years to explore Romanian shale gas, professors in charge with a…
Iași-Ungheni pipeline will go online in July, says the Moldovan Government
Iași-Ungheni pipeline construction is 70% completed on Moldova’s territory and the pipeline will be operational in July, said Thursday the…
Need to accelerate hydrocarbons exploring: Chevron, Exxon, OMV held talks with presidency
President Traian Basescu yesterday’s meeting with leaders of Western oil companies – Chevron , ExxonMobil and OMV is not at…
The changes are changing: Economy wins partially the control on Department of Energy
According to an Executive Ordinance (EO) approved Wednesday, the Economy Minister, Constantin Niță, will coordinate the economic policies of the…
Public debate for the Romanian national energy strategy
The new Minister for Energy, Razvan Nicolescu, launched a public debate on the development of the national energy strategy of…
European Parliament eliminated shale gas from the new environment rules
Members of European Parliament voted Wednesday in favor of tightening the rules on oil and gas exploration impact on the…
President Băsescu meets today the management of Chevron Europe , ExxonMobil and Petrom
President Băsescu meets today the general manager of Chevron Exploration and Production Europe , Derek Magness , head of state…
Băsescu: new excise on fuel is useless, the pole tax will be reformulated, it brings 1.5 bln. lei
###author### President Traian Băsescu reiterated the view according to which the additional excise duty on fuel is unnecessary, since the…