Rompetrol expands strongly in the Republic of Moldova
Rompetrol Moldova, a subsidiary of KMG International, opened 10 fuel stations in the first semester, operating now a network of…
Oil and gas industry needs investments worth anually a billion euro
Maintaining the current level of oil and gas production in Romania requires annual investments of one billion euros, given the…
Greece exports first natural gas to Bulgaria
Greek independent gas company M&M Gas exported first natural gas to Bulgaria on 1 July, a source familiar with the…
Oil Terminal shareholders to choose a new President of the board on August 11
The harbour operator Oil Terminal Constanta (OIL) organized its shareholders for August 11th to elect a new administrator of the…
EC investigation on Transgaz is caused by the lack of investments needed for exports to Hungary
The European Commission initiated the investigation against Transgaz because, for many years, it has delayed all the investment that would…
Russians, Americans and Kazahs inject 37 billion USD at Tengiz oilfield
Kazakhstan and a group of oil companies led by Chevron have approved a $36.8 billion plan to boost production at…
GSP wins new contract in Tunis
Grup Servicii Petroliere (GSP), the offshore drilling company controlled by the Constanta businessman Gabriel Comanescu, won a contract for the…
US oil reserves surpass those of Saudi Arabia and Russia
The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by…
Ovidiu Irimieş take over Oscar Downstream as CEO, for diversification and expansion
New CEO takes over the company at an anniversary time for Oscar Downstream . On June 15, 2016, the company…
Stronger North Asian demand, Brexit lift Asian spot LNG prices
Asian prices for liquefied natural gas (LNG) rose to their highest since February this week, pushed up by a rise…
MOL completes ENI acquisition in Slovenia, grows in Romania too
MOL Group completed the acquisition of ENI´s Slovenian Downstream business. The Hungarian company ended 2015 with 202 filling stations in…
Romgaz announces a new hydrocarbon discovery, in Buzău county
Romgaz announces a new hydrocarbon discovery on the Romanian territory in block RG.06 Muntenia Nord-Est, where it performs petroleum operations.…
The price of natural gas from domestic production stays at 60 lei/MWh until March 2017
The Cabinet has decided the purchase price of natural gas from domestic production for household consumers to remain unchanged until…
Mark Beacom: As a country, if you want energy security, you should produce the energy yourself
This is the transcript of the message delivered by Mark Beacom, CEO of Black Sea Oil & Gas, and Vice-Chairman…
Poland Receives 1st Commercial LNG Cargo at the Baltic Sea port of Swinoujscie
The first commercial cargo has arrived on Friday at Poland’s LNG import terminal under a term supply contract from Qatargas…
KMG International: The seizure established by DIICOT threatens the investment and developments plans of the Group
KMG International considers that the decision taken by the High Court of Cassation and Justice today of maintaining the seizure…
IEA Cuts Oil Surplus Estimate, Sees Market Balance in 2017
The global oil market will be almost balanced next year as demand continues to rise faster than production, while the…
KMG International overpassed 25 million tons of crude unloaded by through Black Sea Marine Terminal
As of May 2016 the volume of the unloaded crude by KMG International through the offshore terminal out in the…
Vitalie Mîrza, Jereh Petroleum Equipment: It is the perfect time to enter the European and the Romanian market
Jereh is an international integrated oil and gas company, working in more than 60 countries to maximize the potential of…
Sorin Gal: O&G exploration activity is the most important at the moment
This is the transcript of the message delivered by Sorin Gal, General Director of the National Agency for Mineral Resources, during…