For the first time, SOCAR reported a profit in Romania
Fuel distribution operations carried out by Azeri company SOCAR in Romania registered a profit in 2015 for the first time…
27 essential ideas after Energy Strategy Summit 2016
Romania has a strong energy system, the largest in the region, it has natural resources and it has extensive experience…
OMV subsidiary in Turkey, on SOCAR’s shopping list
Azeri oil company SOCAR is about to launch a takeover bid for OMV subsidiary in Turkey, Petrol Ofisi, indicates declarations…
Romanian courts decide in favor of the oil operators
Varinia Radu – Partner CMS România Ramona Dulamea – Senior Associate CMS România Daniela Popescu – Senior Associate CMS România In…
Brent crude prices surpassed 50 dollars a barrel
Oil futures came closer to 50 dollars a barrel on Wednesday, with U.S. crude hitting its highest in over seven…
ROTTCO builds a gas station network from independent filling stations
ROTTCO, a distributor of petroleum products, aims to connect independent gas stations into a single fuel distribution network, according to…
Romgaz proposes the dissolution of Amgaz, gas storage operator
Romgaz administrators propose the dissolution and liquidation of Amgaz, the company that operates Nadeș gas storage unit (in Mureș county),…
Israel: Leviathan gas field development, possible again after a new governmental agreement
Noble Energy (USA) and Delek Group (Israel) will continue to exploit the giant gas field Leviathan, in Israel, until the…
Romgaz administrators propose other performance indicators, profit estimates are drastically reformulated
Romgaz administrators asks shareholders the changing of calculation for performance indicators because the influence brought by external factors make it…
EY: More than half of oil and gas companies are interested in mergers and acquisitions
A study performed by the consultancy company EY among 1.700 companies shows that more than half of the respondents active…
GC Rieber will collect seismic data from oil perimeters located in the Black Sea
Black Sea Oil & Gas (BSOG), the company through the investment fund Carlyle Group operates oil possessions in the Black…
Construction of TAP gas pipeline started in five states
The construction of the five billion euros Trans Adriatic gas Pipeline (TAP) started in five countries in Southeastern Europe, writes…
The oil terminal in Constanța, over 7 million lei profit
Oil Terminal recorded in the first three months of this year a net profit of nearly 7.1 million lei, with…
IEA Market Report: OPEC output still increases the global oil supply
Global oil supplies rose 250,000 barrels per day (bpd) in April from the preceding month to 96.2 million bpd as…