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…
Rompetrol Rafinare remains on profit after first quarter
Rompetrol Rafinare, a company member of KMG International Group, recorded a net consolidated result in amount of over 40 thousand…
Romgaz’s quarterly profit decreases by 13%
Romgaz scored in the first quarter a net profit of 489.3 million lei, 13.1% lower than that registered in the…
Rompetrol Well Services posted a loss of 1.2 million lei
Rompetrol Well Services posted, in the first quarter of this year, a loss of 1.2 million lei, compared to a…
ANRE calls again for early liberalization of gas; Public debate gets new momentum
ANRE has asked the Ministry of Energy to repeal, starting from July 1, the Government Resolution which was established the…
The energy exchange operator supports the establishment of a gas spot market
OPCOM, the energy market operator in Romania, aims to promote a spot market for gas, following the model of the…
KMGI will use all legal mechanisms to protect their investments in Romania
PRESS RELEASE, MAY 9th, 2016 Today, May 9 2016, we have been communicated that KMG International NV (“KMGI”), Oilfield Exploration…
Aristotel Jude, Ministry of Energy: The priority is security in gas supply
The Ministry of Energy, as a shareholder, wants companies to present, during their shareholders meetings, sustainable and feasible investment plans…
Saudi oil minister was sacked after a tenure of two decades
Saudi oil minister Ali al-Naimi was dismissed after more than 20 years since he took office, according to international media.…
Petrom pays dearly for Oil Terminal services
Oil Terminal will receive in the next 12 months approximately 31.5 million lei for storage of crude oil and oil…
OMV makes a comeback in Iran oil industry
The OMV Group, Petrom’s majority shareholder, and the National Iranian Oil Company (NIOC) signed in Tehran a series of agreements…
Halliburton and Baker Hughes stopped their 28 billion dollars merger
US and European Union (EU) competition authorities ended the merger between Halliburton and Baker Hughes, global providers of oilfield services,…
Transgaz made last year nearly 70% of the proposed investment
Last year, the natural gas transport and dispatching company Transgaz, has made investments totaling 239.55 million lei, representing 68% of…
Chinese company takes over 51% of KMG International, former Rompetrol Group
KazMunayGas (KMG) and China Energy Company Limited (CEFC) signed Friday, April 29, the documents for setting up a joint venture…