While Exxon threatens to leave, the Energy Ministry announces that it has issued its drilling license for Tuzla
Bogdan Tudorache While Exxon threatens to sell its Romanian stake in Neptun Deep, the Energy Ministry has announced it has…
Rompetrol Rafinare, a new stage in greening of the historical settling lagoons from Vega Refinery, batale istorice
Rompetrol Rafinare announces the continuation of the program for remediation and greening of the historical lagoons of Vega Ploiesti Refinery…
BP: Romania was the fourth largest producer of oil in the EU last year
Romania was last year fourth in the European Union in terms of oil production, with 3.6 million tonnes, down 2%…
Lower oil output and imports
Romania imported in the first five months of 2019 an oil quantity of 3.44 million tonnes of oil equivalent (toe),…
Sea section of Russia’s Nord Stream 2 natural gas pipeline is 60% complete
Russia has finished laying nearly two thirds of the Nord Stream 2 natural gas pipeline along the bottom of the…
IEA: Huge oil glut coming in 2020
The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. Looking…
Equinor says production starts at Trestakk field in Norwegian Sea
Production on the Trestakk oil and gas field on Haltenbanken in the Norwegian sea has started, operator Equinor said on…
Turkey says EU funding cuts will not affect its drilling off Cyprus
European Union decisions to curb funding for Turkey over its drilling for gas and oil off Cyprus will not affect…
Transgaz: Works at BRUA are on schedule, 215 kilometers of pipeline, already completed
BRUA pipeline works are on schedule, and 215 kilometers of pipeline have been already completed, Transgaz officials said. Transgaz’s general…
ExxonMobil has informed the Government that it wants a new partner in the Black Sea gas project
ExxonMobil, the company exploring the deep Neptune perimeter of the Black Sea alongside OMV Petrom, informed the government representatives late…
Petrochemical Holding sues Romania in Washington for violating the Energy Charter Treaty
The Austrian Petrochemical Holding GmbH, the former majority shareholder of the RAFO Onesti refinery and its largest creditor, controlled and…
Court of Accounts: Import of natural gas increased due to over-taxation of domestic production
Extra-taxation of natural gas producers’ revenues has led to a rise in cheaper Russian imports, according to a report by…
EU, US, Egypt warn Turkey over drilling off Cyprus
The United States and Egypt warned Turkey against escalating tensions in the eastern Mediterranean over its attempt to drill for…
Kremlin says Rosneft’s dispute with Transneft not a matter for Putin
The dispute between Rosneft and Transneft is not a matter for Russian President Vladimir Putin to intervene in because it…
Iran: UK’s illegal seizure of Iranian oil tanker won’t go unanswered
Iran’s top military commander warns that Britain’s illegal seizure of an Iranian oil tanker in the Strait of Gibraltar will…
Sarasin cuts Shell stake, criticising its climate strategy
London-based asset manager Sarasin & Partners has sold nearly 20% of its holdings in Royal Dutch Shell, saying the oil…
Oil royalties may increase, Competition urges oil companies to come up with property papers and pay rent to the state
Bogdan Tudorache The Competition Authority considers that the increase in the oil royalties level will intensify the competitive pressure in…
Reverse taxation to be introduced for gas supply, at the initiative of OPCOM
The Government intends to extend the reverse charge in the field of natural gas supplies, according to the model applied…
Competition Council: Fuel price rises should be displayed simultaneously
Bogdan Tudorache The Competition Council supports the implementation of a rule whereby all operators display simultaneous increases in fuel prices…
Exxon to begin drilling development wells for Liza Phase 2
ExxonMobil Guyana will begin drilling development wells for the 220,000 barrels per day Liza Phase 2 Development project early 2020…
Second Turkish drillship arrives off Cyprus coast, Nicosia protests
A second Turkish ship planning to drill for oil and gas off Cyprus arrived off the Mediterranean island’s northeastern coast…
KMG injects 25 million USD into the Kazakh-Romanian fund
KMG will increase the share capital of the Kazakh-Romanian Energy Investment Fund set up in November last year as part…
Cristina Pruna: Romania paid the highest price in the European Union for natural gas imports; production in T1 – lower by 3%
Bogdan Tudorache In the first three months of this year, Romania paid the highest price in the European Union for…