Lukoil will continue exploration in Trident oil concession, in the Black Sea
Lukoil will continue exploration work in the Trident area, located in the Black Sea, conveyed Lukoil First Vice President Vladimir…
Five EU countries do not approve supplying their neighbors with gas during crisis
Five EU member states (Austria, Belgium, France, Germany and Italy) proposed the revision of the rules regarding the continuation of…
European Commission is investigating the cancellation of state debts in Oltchim
The cancellation of debt the state had at Oltchim, decided and executed by the Romanian Government, has intrigued the European…
Oil consumption increased by 4% last year, mainly satisfied by imports
In Romania were consumed last year over 11.2 million tons of crude oil, with about 4% higher than in 2014,…
ENGIE Romania made a turnover of nearly 1 billion euros last year
ENGIE Romania, the largest local gas distributor, had revenue last year of 975 million euros, 2.5% higher than in 2014,…
Habau inked the contract to finalize Bulgaria – Romania gas link
Austrian company Habau PPS Pipeline Systems was designated to be the builder of the underwater section of gas interconnector Bulgaria…
Prospecțiuni SA went into insolvency
Prospecțiuni SA, geological and geophysical services provider for the oil industry, entered into insolvency proceedings after it made a request…
Lukoil rose last year by 80% the funds available for the exploitation of hydrocarbons in Romania
Lukoil spent last year in Romania about 343.4 million dollars, up by 81% compared to the previous year, for performing…
OMV disposes of assets in the North Sea to access fields in Siberia
The agreement regarding the exchange of assets between OMV and Gazprom will be completed this year, announced the CEO of…
OMV leadership declines interest in cooperating with Gazprom in refining sector
The Austrian energy group OMV, the majority shareholder of Petrom, and Gazprom may announce on Friday which assets will OMV…
KMG International: We are eager to finalize rapidly negotiations with China Energy Company
KMG International (ex Rompetrol Group) wants to complete rapidly the negotiations with China Energy Company (CEFC) “to be bigger and…
New figures show the weight of the Romanian Oil & Gas Upstream Onshore industry
* Each euro invested in exploration and production of oil and gas tripled in the Romanian economy, according to a…
TAP construction starts this summer
The construction works of the Trans Adriatic Pipeline (TAP) will start mid this year in Greece, said the Greek segment…