Mazarine Energy takes over 19 onshore oil fields in Romania from OMV Petrom
OMV Petrom and Mazarine Energy România SRL, a fully owned Romanian subsidiary of Mazarine Energy BV announce that they have…
ArcelorMittal: No negotiation on renewable subsidies yet, cogeneration raises concerns
While Chinese steel producers are threatening Europe with dumping prices, ArcelorMittal Galati, that exports two thirds of its local production,…
Russia and Ukraine terminate agreement on operation of oil product pipelines
Russian Prime Minister Dmitry Medvedev has decreed to legally terminate an agreement that ended de facto between the Russian and…
Hansen, Saxo: Oil lower for longer
From the vantage point of early 2016, the year’s final quarter was widely expected to deliver a firm recovery for…
Russia agrees to cut oil production, but for just six months
It is reasonable to freeze crude production for six months with potential prolongation, Russia’s Energy Minister Alexander Novak said, quoted…
Global demand for energy will peak in 2030 (WEC)
Global demand for energy per capita will peak in 2030 thanks to new technology and stricter government policies, the World…
Oil Terminal to raise capital over 5 times to 71 mln. Euro
Oil Terminal majority shareholders representing almost 78% of equity decided yesterday to increase the share capital from nearly 58.2 million…
Romanian International Trade Summit (Romexpo)
In the last few years Romania is constantly facing with a trade balance shortage, the amount of exports is always…
OPEC is set to further cut output to keep a stable oil price
OPEC could cut production at its late November meeting in Vienna by another one percent more than the amount agreed…
The strategy will not change the energy mix, but does not rule out an increase in consumption of 2%
The energy strategy provides in one of the scenarios a growth in consumption of up to 1.5-2% annually, says Corina…
Gazprom’s export on the rise
The Russian group Gazprom announced that in the first nine months of this year its exports of natural gas to…
UniCredit: Consumption will increase by 8.6%, inflationary pressures if oil jumps over 65 USD
The annual inflation could rise from almost zero at the end of 2016, to more than 1% in the first…
Mark Wagley, ROPEPCA: Let’s keep the jobs and revenue in Romania!
All discussions on Romanian O&G industry begin with aknowledgements on the long and strong history this industry has. However, the…