IEA sees oil markets tightening as Venezuelan output collapses
Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017’s biggest unplanned output fall and could…
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Norway’s $1 trillion fund curbs holdings in biggest CO2 emitters
Norway’s sovereign wealth fund has trimmed the proportion of its $1 trillion (720.79 billion pounds) fortune that is invested in…
Chemical industry in bid to harness Germany’s green power overload
Evonik (EVKn.DE) has become the latest German chemical maker seeking to convert excess renewable power into chemical building blocks that…
Gigi Dragomir, removed in December by PM Tudose, comes back as the Chairman of NAMR
Gigi Dragomir, dismissed by Prime Minister Mihai Tudose at the end of last year from the position of the Chairman…
After 20 years in Romania, LUKOIL announces investments of more than 30 million dollars in Petrotel
Petrotel LUKOIL announces new investments in their refinery in Ploiesti, over 30 million dollars by 2020, for improving environmental footprint.…
Greece gets interest for new offshore oil and gas tenders: licensing body
Tenders for offshore oil and gas exploration and exploitation west and south of Greece have attracted “strong interest” from companies…
EU lawmakers back 35% for renewables in 2030
European lawmakers approved draft measures on Wednesday to reform the power market and reduce energy consumption that envisage more ambitious…
Transelectrica is looking for candidates for seven senior positions
In the last two days, Transelectrica posted 12 recruitment announcements on its website. Seven of these are key positions for…
ROPEPCA: Royalties for natural gas are paid on the production value, not on the ref price communicated by ANRM
The Romanian Association of Petroleum Exploration and Production Companies (ROPEPCA) clarifies how are calculated the oil royalties in the context…
UK green energy investment halves after policy changes
Investment in green energy fell 56% in UK in 2017 – biggest fall of any country – after ‘stop-start’ support…
China Is the New World Leader in Renewable Energy
China continues to be an unstoppable force in the realm of renewable energy. A new report released by the Institute…
Renewable energy set to be cheaper than fossil fuels by 2020 – report
Renewable energy will be cheaper than fossil fuels in two years, according to a new report. Experts predict that investment…
Gazprom not to contest Stockholm arbitration Court ruling in dispute with Naftogaz
Russia’s Gazprom is not planning to contest the ruling of the Arbitration Institute of the Stockholm Chamber of Commerce in…
Virgiliu Băncilă, Chimcomplex: No lay-offs for Oltchim
Chimcomplex, the new owner of Oltchim, will keep the employees and the salaries of those who were working on the…