South Stream advances in Bulgaria and Serbia
The South Stream pipeline received its construction authorization on the Bulgarian territory from the Supreme Expert Environmental Council of Bulgaria…
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Energy Companies Lead the Way in COFACE’s CEE Top 500
Ranked by both turnover and number of companies, the oil and gas sector leads the sector ranking. nevertheless, the 65…
Ukraine, Romania to sign gas trade agreement in October
The Ukrainian Government wants to import natural gas from Romania, and a trade agreement in this sense might be signed…
Russian Stroytransgaz to build overland balkan sections of South Stream
Russian company Stroytransgaz is preparing to sign contracts for the construction of the overland sections of the South Stream gas pipeline on the…
US experience in gas and smart grid, not available for Europe
###author### In the last few years US registered a boom in natural gas production, from shale gas deposits exploitation. Of…
Increased Profits for the State Energy Giants Ahead Stock Exchange Listings
Only three of the energy companies entered the top 10 most profitable companies listed on Bucharest Stock Exchange, based on…
Transgaz and OMV lend 7.5 million euros to Nabucco
Romanian state-run natural gas transporter Transgaz and Austrian oil and gas company OMV AG will provide a loan of up…
Exports of U.S. oil,gas and coal have doubled in the last three years
US exports of petroleum and petroleum derivatives, natural gas and coal have doubled in the last three years, reaching 110.2…
Romania may use its relationship with Poland for the regional integration of its gas market
###author### Romania has the benefit of having a balanced energy mix, and the perspectives for development of an enlarged pool…
OMV Petrom to turn into oil storage facilities a part of Arpechim storage installations
OMV Petrom CEO Mariana Gheorghe said the company will transform a part of Arpechim Pitesti refinery in an oil deposit.…
OMV Petrom’s First-Semester Net Income Increases 18 Percent; Sales fall 5 Percent
OMV Petrom SA, Romania’s biggest oil company, said its first-semester profit rose 18 percent because of stable production. Net income…
Over 4 million RON loss for Oil Terminal in the first semester
The state-own company Oil Terminal Constanța ended first semester with a turnover of RON 48.9 mln, down 7,2% compared with…
Work in Progress for TAP and the Shah Deniz Consortium
Trans Adriatic Pipeline (TAP) has submitted its Environmental and Social Impact Assessment (ESIA) to the Ministry of Energy, Environment and…
Rompetrol Rafinare invested USD 53 million in revamping a new coker unit from Petromidia
Rompetrol Rafinare, a member company of The Rompetrol Group, has completed the revamp of the coker unit within Petromidia Refinery,…
Gazprom and SOCAR to dominate the Greek gas market for the next decades
Gazprom and SOCAR will be, at least for some decades form now, the two companies to dominate Greece’s natural gas…
Conpet profit rose by 25.7% in the first semester, reaching 5.8 million euro
Conpet Ploiești reported for the first semester a net profit of 5.8 million euros (25.76 million lei), up by 25.7%…
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No shortage of news these days. Leaving apart politics, sports, and showbiz, we still have dozens of economic news each…