Oil plummets over 20% as OPEC deal failure sparks price war
Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts…
EU Commission accepts commitments by Transgaz to facilitate natural gas exports from Romania
The European Commission announced it issued the Decision approving the commitments proposed by Transgaz in the AT investigation. 40335, to…
Popescu: OMV will not withdraw from the Black Sea project
Designated Minister of Economy, Virgil Popescu, claims that the issue of withdrawal from the Black Sea was not even approached,…
MOL is seeking top graduates for the GROWWW 2020 program
The MOL Group announces the opening of the application period for the next edition of its award-winning talent recruitment program,…
Bulgaria agrees deal to cut price of Russian gas imports by 40%
Bulgaria has agreed a 40% cut in the price of gas it imports under its long-term contract with Russia, its…
ANRE draft Order: New obligations for gas supply on centralized markets
ANRE has launched in public debate a draft Order [HERE in Romanian] on the obligation to supply natural gas on…
ANRM is considering splitting Round XI: 22 onshore oil fields could be auctioned before offshore
The National Agency for Mineral Resources (ANRM) is considering the division of the XI round of tenders, so that the…
Transgaz and EBRD have signed a MoU on cooperation and investment support
Transgaz and the EBRD (European Bank for Reconstruction and Development) signed a memorandum of understanding on cooperation and support for…
EY: The global value of transactions in the oil and gas sector decreased in 2019 amid debates on energy transition
The global volume and value of transactions in the oil and gas industry decreased by 18.4% and 10.8% respectively in…
Lower taxes for diesel cost Germany up to 7 bln. euro in 2019
The lower taxation of diesel fuel in Germany cost the country billions of euros in 2019, newspaper Rheinische Post reports.…
Project: Gas producers must sell on the stock exchange 30% of annual output
The National Energy Regulatory Authority (ANRE) has launched in public debate a project that provides that gas producers must sell…
Romania is considering access to the Southern Gas Corridor
Romania is considering ensuring its access to the Southern Gas Corridor, reveals a statement from the Ministry of Economy and…
Norway’s sovereign fund sells holdings of Nuclearelectrica and Romgaz
Norway’s Sovereign Investment Fund, the largest in the world, with assets under management of about 1.1 trillion USD, liquidated in…
China opens fuel export taps as coronavirus slams domestic demand
China has ramped up fuel exports to compensate for losses to domestic demand as it grapples with the coronavirus outbreak,…
Gas-fired power generation reaches record high in Germany
Power production from natural gas rose to an all-time high in Germany last year, overtaking hard coal electricity generation for…
Less than 5% of domestic gas consumers are informed about market liberalization
Less than 5% of domestic gas consumers are trained and able to negotiate their contracts so that they can obtain…
Romgaz reported a net profit growth of 1.43 billion lei for 2019
National Natural Gas Company Romgaz reported a preliminary net profit growth of 4.55% for 2019, at 1.43 billion lei, and…
OPEC hasn’t run out of ideas – Saudi energy minister
OPEC and its allied oil-producing nations are still working well together and still have options to try to rebalance global…
State-of-the-art LPG recovery system, implemented by Rompetrol Rafinare
Rompetrol Rafinare, member company of the KMG International Group, has successfully implemented a modern system for recovering liquefied petroleum gas…
ANRE introduces new trading obligations for gas producers, once the market is liberalized
The National Energy Regulatory Authority (ANRE) will draw up an order establishing what quantities of gas will be sold by…
Nicolescu (Deloitte): Romania could earn USD 20 bln. from Black Sea gas
The state could earn more than USD 20 billion from the Black Sea gas extraction in the next 10-12 years,…
Minister of Energy: The gas market will certainly be liberalized on July 1, otherwise we risk losing European funds
The gas market will certainly be liberalized on July 1, and the electricity market, on December 31, 2020, otherwise we…