ExxonMobil spends over 100 million dollars for operations in the Black Sea
ExxonMobil’s involvement into the exploration operations in the Romanian Black Sea area gets a new financial wheight after the US…
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OMV Petrom
Petrom’s business dwindle in T1; the group loses the seat of Romania’s leading company
Petrom Group announced the unaudited financial results for the first quarter of 2014, and the figures show that gross profit…
Romania to receive UE money to clean up oil waste from several areas
European Commission will provide 74.3 million euros to Romania for cleaning several areas contaminated with petroleum products, in several counties.…
ROEC Executive Class – An Unexpected Journey
###author### “The Romanian regulatory framework for the oil and gas industry is like a bowl of spaghetti; you pick one…
Azomureș may shut down in two weeks due to high gas prices
Azomureş General Manager,Mihai Aniței, says that it is necessary for the Government to intervene indirectly to subsidize major gas consumers,…
Shell pulls out of Ukraine deal
Anglo-Dutch conglomerate Royal Dutch Shell, the largest oil and gas company in Europe, announced that it has withdrawn from negotiations…
Fondul Proprietatea will sell at least 4% more of OMV Petrom for a minimum of 216 mln. euro
###author### Fondul Proprietatea will possibly sell more than 4% of OMV Petrom, a similar transaction at the end of last…
R. Nicolescu (Department for Energy): From Production towards Energy Efficiency
Romania must change the paradigm based on electricity production with one focused on energy efficiency and reduced consumption, said Răzvan…
The Black Sea gas requires gas pipelines of nearly 1 billion euros
Transgaz Mediaş, the national gas transmission operator, stated through its managing director that it has investment programs amounting to EUR…
