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New prospects for oil price after Trump’s victory
Oil prices rose on Wednesday, as U.S. financial markets bounced back from a early Brexit-like slide that followed Donald Trump‘s…
ANRM: Changes to the Oil Law will be submitted to the Parliament in 2017
National Agency for Mineral Resources (ANRM) has prepared a new draft amendment to the Petroleum Law to be submitted to…
Petrom’s profit drops 11% at 9M
Petrom recorded a net profit of 473 million lei in the third quarter of 2016 compared to a loss of…
OMV: Fierce competition on the gas market, also because of the imported gas
The gas demand in Romania this year remains below the levels of 2015; stable demand on the electricity market The…
Nuclearelectrica’s profit halves, Unit 1 damages
Nuclearelectrica (SNN) recorded a net profit of over 64.5 million lei in the first nine months of this year, down…
Donald Trump wins US election; international financial markets reacted impulsively
Donald Trump is the next president of the US after a long, bitter and divisive election campaign. New York businessman…
Total signs first post-sanctions Western energy deal with Iran
France’s Total has signed a deal with Iran to further develop its part of the world’s largest gas field, becoming…
Iancu: The next three years will be the hardest in the history of the energy system
Although the predictability of the legal framework is a priority for the European Commission, four new Union directives are to…
Russians hurry to finish Turkish Stream
Gazprom is planning to spend more than $595 million in the expansion of the gas pipeline system to deliver gas…
Russia sells another 19.5 percent Rosneft stake by decree
Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft…
Decline in Romania’s attractiveness for investment in renewable energy projects (study by EY)
The European countries regain the ground they lost at the begining of the year in the ranking of investment attractiveness…
Romania-Bulgaria gas pipeline will become operational on November 11
Transgaz has completed the pulling up of the back-up pipeline under the Danube of the gas interconnector between Bulgaria and…
MOL Group will invest more than $2 billion in Upstream projects in the next five years
MOL Group announced the financial and operational objectives for the next five years, shortly after the publication of the Strategy…
Mol’s upstream segment grows in spite of shriking oil price
MOL group upgraded its 2016 operational profit (clean CCS EBITDA) guidance to around USD 2.2 bn, as the upstream third…
NBR: Economic growth of 6% in Q2, decerasing deflation
Consumption raises the economy by 6 percent in the second quarter and the inflation rate starts to grow, reveals a…
Renewables to see incremental improvement; biomass, the new hero to be (Nov 3, EBC)
The brutal reduction in subsidies for renewable industry has forced companies to hurry their passage into another stage – from…
The new renewables draft law only helps the consumers
The new draft amendment to the renewables law only helps the consumer, while the green energy producers lack advantages, argued…