Lukoil VP believes Russia should cut oil production by 30%
Russia should cut oil production by 20% -30%, from 10 million barrels a day today to seven to eight million…
Transgaz and 3SIIF will collaborate to build a greenfield gas infrastructure
Transgaz announced to its investors on the BSE that it has signed a roadmap agreement with the Three Seas Initiative…
EU: Gas is getting cheaper amid declining worries about Russian supplies
European gas reference prices continued to fall on Friday, heading for the third week in a row, following worries about…
Hungary: Only Hungarian cars will be able to buy fuel at reduced prices from Friday
Only cars registered in Hungary will be able to buy fuel at government-capped prices from Friday, while cars registered abroad…
Agista acquires 15% of Eplus Smart Energy, a company run by Frank Hajdinjak
Agista, an investment fund dedicated to SMEs, part of Impetum Group, acquires a 15% stake in the Romanian companBy Eplus…
Mintia thermal power plant will be put up for sale for a minimum of 91.2 mln. euro
Mintia thermal power plant will be put up for sale through a public auction, the starting price being 91.2 million…
Poland ended Russian gas supply agreement following the ruble payment dispute
Warsaw authorities announced on Monday that they have terminated the agreement with Russia on the supply of natural gas through…
Shell could return to Romania with the liquefied natural gas division
Shell could return to Romania, after an absence of almost 15 years, with the liquefied natural gas division. The Minister…
D. Dărăban: The state should re-analyze the use of suppliers as intermediaries for capping
The Romanian state should consider whether, at the level of intervention policies, the model of support for energy consumers, by…
Competition analyzes the transaction by which Cyprus-based Leabrook becomes the sole shareholder of EnergoBit
The Competition Council is has under scrutiny the operation by which Leabrook Ltd becomes the sole shareholder of EnergoBit Holding…
Rompetrol’s “Ready for Career” program, in the recruitment and selection phase of candidates
KMG International (Rompetrol) recently launched a series of events aimed at popularizing, among students, the start of the recruitment and…
Russian natural gas substitution – scenarios proposed by FEL Romania
The escalation of the Russian-Ukrainian conflict has amplified the effects of the energy crisis and calls for a rethinking of…
GSP signs a Black Sea drilling contract with Trillion Energy of Canada
Grup Servicii Petroliere (GSP) has signed an offshore drilling service agreement with Trillion Energy International for the 2022-2023 drilling program…
ANRE: This year, the platform for changing the energy supplier in 24 hours will be operational
The national platform for the change of electricity and natural gas suppliers by end customers will be ready this year,…
Investments in Black Sea gas could bring Romanian budget 5 bln. lei annually
The budgetary impact of investments in Black Sea gas could be of 5 billion lei annually, according to the study…
Chimcomplex announces 14.6 million euros profit in the first quarter of 2022
Chimcomplex, Eastern Europe’s largest chemical polyols producer, reports a 23.2% increase in turnover for the first quarter of 2022 compared…
Niță, FPPG: We look forward to seeing the Offshore Law in the Official Gazette
After several years of delays, the new Offshore Law has finally passed Parliament and was approved by the Chamber of…
Nagy-Bege: Suppliers have not yet received all the money for compensation and capping
The energy sector is still shaking and, if solutions have been found at the consumer level, suppliers have not yet…
Austria will increase its strategic gas reserves by 58% to reduce its dependence on Russia
The Austrian government decided on Wednesday to increase its strategic gas reserves to 58.5% – enough to cover consumption for…
Hungary needs 750 mln. euro and four years to part with Russian oil
Hungarian Foreign Minister Peter Szijjarto said on Wednesday that his country needs four years and 750 million euro in investment…
Romania amended offshore law to allow exploitation of Black Sea gas
Romanian Energy Minister Virgil Popescu welcomed the favourable vote in the Chamber of Deputies, the decision-making body, and his parliamentary…
Transgaz made a profit of almost 268 mln. lei, up 70%, in Q1
In the first quarter of this year, Transgaz registered a net profit of 267.918 million lei, up 70% compared to…
Gas prices in Europe continue to fall following the Commission’s clarifications on the payment of Russian gas
Reference prices for natural gas in Europe continued to fall on Tuesday, after the European Commission clarified how EU companies…