EY: The global value of transactions in the oil and gas sector decreased in 2019 amid debates on energy transition
The global volume and value of transactions in the oil and gas industry decreased by 18.4% and 10.8% respectively in…
Lower taxes for diesel cost Germany up to 7 bln. euro in 2019
The lower taxation of diesel fuel in Germany cost the country billions of euros in 2019, newspaper Rheinische Post reports.…
Project: Gas producers must sell on the stock exchange 30% of annual output
The National Energy Regulatory Authority (ANRE) has launched in public debate a project that provides that gas producers must sell…
Romania is considering access to the Southern Gas Corridor
Romania is considering ensuring its access to the Southern Gas Corridor, reveals a statement from the Ministry of Economy and…
Norway’s sovereign fund sells holdings of Nuclearelectrica and Romgaz
Norway’s Sovereign Investment Fund, the largest in the world, with assets under management of about 1.1 trillion USD, liquidated in…
China opens fuel export taps as coronavirus slams domestic demand
China has ramped up fuel exports to compensate for losses to domestic demand as it grapples with the coronavirus outbreak,…
Gas-fired power generation reaches record high in Germany
Power production from natural gas rose to an all-time high in Germany last year, overtaking hard coal electricity generation for…
Less than 5% of domestic gas consumers are informed about market liberalization
Less than 5% of domestic gas consumers are trained and able to negotiate their contracts so that they can obtain…
Romgaz reported a net profit growth of 1.43 billion lei for 2019
National Natural Gas Company Romgaz reported a preliminary net profit growth of 4.55% for 2019, at 1.43 billion lei, and…
OPEC hasn’t run out of ideas – Saudi energy minister
OPEC and its allied oil-producing nations are still working well together and still have options to try to rebalance global…
State-of-the-art LPG recovery system, implemented by Rompetrol Rafinare
Rompetrol Rafinare, member company of the KMG International Group, has successfully implemented a modern system for recovering liquefied petroleum gas…
ANRE introduces new trading obligations for gas producers, once the market is liberalized
The National Energy Regulatory Authority (ANRE) will draw up an order establishing what quantities of gas will be sold by…
Nicolescu (Deloitte): Romania could earn USD 20 bln. from Black Sea gas
The state could earn more than USD 20 billion from the Black Sea gas extraction in the next 10-12 years,…
Minister of Energy: The gas market will certainly be liberalized on July 1, otherwise we risk losing European funds
The gas market will certainly be liberalized on July 1, and the electricity market, on December 31, 2020, otherwise we…
Minister of Energy: Romania needs the Black Sea gas to comply with the Green Deal
Romania needs the Black Sea gas resources to reach its ambitious targets for reducing carbon dioxide emissions that it has…
ANRE seeks consultant to establish the rate of return for energy transportation and distribution – deadline on February 28th!
The National Energy Regulatory Authority – ANRE intends to purchase consultancy services regarding the calculation elements of the weighted average…
Beacom: Our project is moving forward, but problems with offshore legislation need to be resolved before production begins
Bogdan Tudorache The Black Sea Oil & Gas project goes ahead, albeit with minor delays, but offshore legislation and GEO…
ANAF requests Romgaz additional dividends of 34.8 mln. lei
Romgaz announced on Tuesday to the Stock Exchange that between November 27, 2019 and January 31, 2020 the company was…
Competition investigates Transgaz on organizing cartel offences regarding the participation in auctions
The Competition Council is currently examining whether Transgaz had a responsibility in organizing cartels that included companies that agreed upon…
Minister of Economy: There will be no gas increases since July 1st
The liberalization of the gas price from July 1 will not bring new price increases, says the Minister of Economy…
V. Popescu: The gas infrastructure in the rural area will double in the next four years
Bogdan Tudorache The gas infrastructure has 200 million euros from European funds to develop in the next four years, rising…
GEO that prevents Exxon from selling its Black Sea shares needs CSAT approval
One of the 25 Emergency Ordinances approved last week concerns the changes brought to the Oil Law. But this has…
Oil Terminal – profit almost nine times higher than in 2018
Oil Terminal, the operator of the Black Sea oil terminal, reported a preliminary net profit of 2.42 million lei for…