Gazprom additional share purchase values Nord Stream 2 at 1.5 bln USD
The board of directors of Russia’s state-run energy company Gazprom has approved the purchase of additional shares in the Nord…
Oil overhang points to need for extended OPEC output cuts
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing…
Gazprom requests Russia’s gov’t partially liberalize gas market
Russia’s energy giant Gazprom asked the Russian government in 2016 to take steps aimed at partial liberalization of natural gas…
EC to conduct market survey before deciding on Gazprom fine
The European Commission will conduct a market survey before deciding finally whether to fine Russian company Gazprom or make a deal with…
BP recorded a net profit of 115 million dollars
The British oil company British Petroleum (BP) conducted last year a net profit of 115 million dollars (107 million euros),…
MOL gets new exploration licenses in Hungary and Norway
MOL Group has expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL thus obtained six new…
The Romanian Leu recovers, following the repeal of Ordinance 13
The Romanian Leu recovered strongly on Monday, February 6th, following the weekend decision of the government to repeal Ordinance 13,…
Iran: U.S. sanctions stop American oil firms taking part in projects
Iran has imposed no restrictions on U.S. oil firms willing to participate in energy projects in the country but American…
U.S. reversal on transparency could sting Canadian, European oil companies
Canadian and European oil companies will find themselves at a competitive disadvantage to their American rivals if U.S. lawmakers scrap…
Almost 84% of the Ministry of Energy budget goes for the Iernut project
The budget for Ministry of Energy will be 0.057% of GDP, in 2017, according to the Government proposal, submitted for…
US oil exports could exceed 2017 production by four members of OPEC
US oil exports could exceed 2017 production by four members of the Organisation of Petroleum Exporting Countries (OPEC). American analysts…
