Increasing stocks bring oil prices even lower
Money managers have never been more certain that oil prices will drop. They increased bets on falling crude by the…
Yahoo’s giving up on old Messenger forces oil men to move on to other platforms
For the oil industry, Yahoo Inc’s decision this week to sell its core business to Verizon Communications Inc for $4.8…
Reinhard Florey, new member of the Supervisory Board of Petrom
Reinhard Florey, who earlier this year held the position of CFO of OMV, is the new member of the Supervisory…
Energy pole moves to Asia (Oil and Energy Investor)
Even if WTI (West Texas Intermediate, set in New York) and Dated Brent (set in London) may offer the impression…
Bulgaria-Romania gas interconnector may be ready this September
The first pipeline of the gas interconnector between Bulgaria and Romania could be ready by early September, said Minister of…
OMV Petrom Q2 output falls 2.2% over the previous year
The hydrocarbon production of Romania’s top oil and gas group OMV Petrom dropped during the second quarter by 2.2% on…
Romgaz investment at Sărmăşel increases Romania’s storage capacity to 3.3 billion Ncm/cycle
Romgaz SA has put into service the new installation of the compression and dehydration plant of Sărmăşel (county of Mureş).…
BLACK SEA OIL AND GAS 2016
BLACK SEA OIL AND GAS 2016 Unlocking the potential of the Black Sea through exploration and infrastructure projects The Fourth…
Azerbaijan’s SOCAR, Romania’s Transgaz sign MoU for cooperation on natural gas transit
A memorandum of understanding (MoU) has been signed between Azerbaijan’s State Oil Company (SOCAR) and Romania’s state-owned company Transgaz, SOCAR…
Romgaz to inaugurate the compression station Sărmăşel, a 53 million euros investment
On Wednesday will be put into commission the new compression station and natural gas drying, related to the storage facility…
US shale industry is adapting to low oil prices; no shale gas explorations in Romania
Low oil prices wreaked havoc with US shale producers, but increasingly the industry appears to be adapting successfully to new…
KMG and Romanian state’s investment funds comes back to news
The Minister of Energy Victor Grigorescu, announced that the Romanian state, through management company holdings in energy SAPE, will start…
Court of Accounts: 35 mln. euro loss at Romgaz
The Court of Auditors found, following an inspection conducted this year at Romgaz, that the manufacturer had sold gas worth…
OPEC: Brexit could dampen European oil demand
The U.K.’s vote to leave the European Union could dampen Europe’s appetite for oil and pose a risk to global…
Bulgaria’s government approves draft MOU on Eastring pipeline
The cabinet of Bulgaria has adopted a draft MoU with Slovakia on the Eastring pipeline project, its press office says.…
Energy Breakfast Club, July 13th: The law requires us to build differently starting from 2017
On Wednesday, July 13th, energynomics.ro held the second Energy Breakfast Club this year, during which buildings were discussed. If during…
Transgaz and Transelectrica sign memos with Vietnamese companies
Transgaz and Transelectrica signed memorandums of understanding with companies of their kind in Vietnam, during the visit to this country…