Rompetrol continues to support the fight against covid-19 pandemic, through a partnership with Romanian Red Cross
KMG International, under Rompetrol brand, concluded a partnership with the National Society for Red Cross Romania to buy a mobile…
Saudi Arabia buys stakes worth $1 billion in European oil companies
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has accumulated stakes worth about $1 billion in four major…
The FPPG has 7 proposals for the recovery of the O&G sector
Economic recovery can be achieved through large-scale projects, writes the Federation of Petroleum and Gas Employers (FPPG), in a press…
Havrileț: I do not see the danger of price increases for gas and energy; gas market liberalization will take place on July 1
Bogdan Tudorache There is no danger of rising gas and electricity prices, told energynomics.ro Niculae Havrileț, State Secretary for Energy…
Postponement of bills payment: The cash flow required for energy utilities companies would be of 600 mln. euro monthly
Bogdan Tudorache Utility companies would need a cash flow of about 600 million euro a month – or 1.8 billion…
OMV does not exclude the possibility of resorting to lay-offs due to the coronavirus crisis
Austrian OMV Group plans to expand its current four billion euro cost reduction program, said CEO Rainer Seele, who added…
ANRE Order: Transgaz would control the connection works to the gas transmission system
A draft order of the National Energy Regulatory Authority (ANRE), about the connections to the gas transportation system, a deal…
Intelligent Energy Association: The price of natural gas could reach 2008 levels
Bogdan Tudorache In 2008, ANRM issued Order no. 21/2008 regarding the approval of the reference price for natural gas extracted…
MOL Group ensures continuous supply security with optimized operational and financial measures
MOL Group implements measures not only to mitigate the impact of the current situation on the Group, but also to…
Gas prices have remained below the regulated level, but it is hard to believe that market liberalization will actually take place from 1 July
Bogdan Tudorache Prices on the natural gas market have not yet changed, following the announcement of the Executive to impose…
Compulsory gas stocks for next winter fall by 13%
ANRE recently published the order regarding the obligatory quantities of gas to be stored for consumption in the future cold…
Rompetrol Bulgaria supports the efforts made by authorities in the fight against COVID-19
KMG International, through its subsidiary Rompetrol Bulgaria, made a donation of 10,000 liters of fuel to all Bulgarian authorities involved…
Transgaz reports the first incidents related to SARS-CoV-2; almost 1,100 people work on its construction sites in Romania
Three people involved in Transgaz’ investment works have been in isolation since Saturday, April 4, after they contacted members of…
Oil prices turn lower despite hints Russia and Saudi Arabia are very close to a deal
Oil prices fell on Monday, reversing earlier gains after the CEO of Russian sovereign wealth fund RDIF told CNBC that…
Hungary announces a new gas pipeline
Hungary announces the creation of a new pipeline that will increase the transport capacity from Serbia by 60%, according to…
EU: 100 mln. of smart meters for electricity, 16 mln. for gas
As of 2018, 34% of total electricity metering centers and 14% of gas ones were equipped with a smart meter,…
Competition authorized the deal between Socar and Aral
The Competition Council has authorized the transaction by which Socar Petroleum intends to assume the right of use on six…
R. Dudău: If well enforced, utility payment deferral can be really helpful to energy suppliers
The think-tank Energy Policy Group has launched in public debate a first analysis of the draft law on utility payment…
Oil prices spike by a record 25% as Trump talks up huge production cuts and Saudi Arabia calls for OPEC meeting
Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a…
Fuel stations in Bulgaria: Consumption dropped 40 – 80% because of the state of emergency
After Bulgaria declared a state of emergency because of the coronavirus, fuel consumption dropped by more than 40% in major…
Utility payment deferral – change proposals from EPG
The draft law on the utility payment deferral for three months is based on a fair idea of social protection,…
Virgil Popescu: Low oil prices could endanger the functioning of the oil and gas industry
The oil and gas industry is also hit by the current crisis, and very low oil prices may jeopardize the…
Global investments in E&P are expected to fall in 2020 by $100 bln, or 17%
The use of gasoline and other fuels is dropping as Saudi Arabia and Russia increase production, sending oil prices to…