Competition: The reduction of excise duties was fully transmitted in the fuel price
Bogdan Tudorache The reduction of excise duties by 0.32 lei/ liter (including VAT), applied from January 1, 2020, for both…
Cîţu: We do not enjoy Exxon’s decision to leave Romania; this Government came in too late
The liberal (PNL) government came too late for ExxonMobil’s interests, which were already in the starting point, and their decision…
Minister of Energy: I recommend Exxon that the license transfer be made by Government decision
The transfer of the license that ExxonMobil holds for the Neptun Deep perimeter of the Black Sea should be made…
ExxonMobil negotiates with Lukoil and PGNiG to sell the stake in the Neptun Deep perimeter
ExxonMobil officials are negotiating with the Russians from Lukoil and the Polish company PGNiG to sell the 50% stake in…
Saipem extends Romanian drilling works
Italian company Saipem announced an extension of their Romanian drilling contracts, as part of overall new contracts worth an overall…
Frames analysis: Petrom, Lukoil, Engie and Romgaz, among the most powerful companies in Romania
Bogdan Tudorache The top of the most important companies that include Romanian shareholding is headed by OMV Petrom which, through…
Romgaz could apply for European funds through JET Fund, pursues diversification
Bogdan Tudorache The transition to a carbon-free economy was the main topic of discussions that took place on Thursday at…
Lukoil and MOL will sign a US 10 bln. contract
Russian oil group Lukoil will sign a USD 10 billion contract with Hungarian oil group MOL on oil supply, Lukoil…
Green light for Lukoil and Romgaz drilling at the Black Sea
The Competent Authority for Regulating Offshore Petroleum Operations (ACROPO) has given the green light for work start for the Lukoil…
Scarabeo 9 platform will begin drilling in the Black Sea Trident perimeter
The Scarabeo 9 drilling plant starts drilling in the Trident perimeter, explored by Lukoil and Romgaz, a resource perimeter estimated…
GSP signs new deals with OMVPetrom and Lukoil for Black Sea works
On July 29, GSP Offshore and OMV Petrom signed a framework contract to provide integrated offshore services for Istria’s shallow…
Lukoil begins drilling in the Black Sea, with a platform from Saipem
After obtaining the permits, Lukoil, the third investor interested in the Romanian Black Sea gas, will start drilling this autumn,…
Competition launches Fuel Price Monitor, available online, in the App Store and Google Play
The Competition Council launched the “fuel price monitor”, the online platform that allows consumers to find out the prices of…
Russia’s Lukoil says Q1 net profit up 37% y/y, helped by weaker rouble
Russia’s No.2 oil producer Lukoil posted a 37 percent rise in first quarter profit to 149.2 billion roubles ($2.3 billion),…
The Black Sea has a gas potential of over 200 billion cubic meters
The Black Sea has a potential of over 200 billion cubic meters of gas and 60 percent of Romania’s production…
Lukoil continues drilling in the Black Sea
Lukoil, one of the most powerful players in the local oil market, says this year will drill a probe in…
Lukoil invests USD 60 million in a Sicily refinery
Lukoil intends to invest over 60 million dollars in the ISAB refinery in Sicily over the next three years, according…
PETROTEL-LUKOIL’s new GM announces investment of $ 130 million in three years
Aleksei Kovalenko is the new director of the PETROTEL-LUKOIL refinery, starting with December 1, replacing Andrey Bogdanov. In his first…
Russian oil firm seeks payments in euros amid US sanction threat
Surgutneftegaz, representing 11% of oil production in Russia, is pushing buyers to agree to pay for oil in euros instead…
Gazprom and Lukoil see serious second quarter profit rise
Russian gas giant Gazprom reported a surge in second-quarter net profit, beating analysts’ expectations, as it benefited from rising energy…
CONPET obtains higher tariffs for the transport of crude oil, gasoline, condensate and ethane
The National Agency of Mineral Resources – NAMR approved the tariffs for the transport of crude oil, rich gas, condensate…
Lukoil’s profit is up 75% on the back of rising oil prices
Lukoil, Russia’s second-largest oil producer, says net profit grew 75% in the first quarter, amid world oil prices increase, according…
