Romgaz continues selling gas to ELCEN and Electrocentrale Galați
Romgaz has concluded four contracts with a total value of 236.957 million RON for natural gas deliveries to Electrocentrale București…
In 2016, Gazprom relies on foreign markets, including European ones
The General Director of Gazprom, Alexander Miller, has presented to the Russian President Vladimir Putin the situation and perspectives of…
Transgaz established the gas demand for March
Overall demand for natural gas, in March 2016, is estimated by Transgaz at 13.207 million MWh, according to the data…
M-Pesa payment service, launched in Rompetrol fuel stations
Rompetrol Downstream, together with Vodafone Romania, introduced in the filling stations it operates the payment and money transfer service M-Pesa,…
Bulgarian authorities have closed fuel stations that sold poor quality fuel
Following inspections at gas stations, the Bulgarian authorities have prevented the distribution of 29,000 liters of low quality fuel, also…
Gazprom, Edison și DEPA will cooperate on building a gas interconnector
Gazprom signed a memorandum of agreement with the Italian group Edison SpA and the greek company DEPA, for the supply…
OMV Petrom ends earlier the contract to increase production with Petrofac
OMV Petrom closed earlier the contract with Petrofac in order to increase production from Țicleni area, Gorj county, according to…
Although made a loss in 2015, ENGIE targets investment of 22 billion euros over the next two years
ENGIE, the french energy group, recorded a net loss of 4.6 billion euro in 2015, after the 2014 net profit…
Romgaz plans a net gain of 1.32 billion RON an investments of 1,12 billion RON in 2016
Romgaz anticipates for this year a net income of 1.32 billion RON, almost 12% higher than that achieved last year.…
Petrotel-LUKOIL anticipates increased production in 2016 to 2.6 million tonnes
Petrotel-LUKOIL is preparing for a production growth this year to 2.6 million tones, close to the annual maximum capacity of…
Shell begins oil exploration in the Bulgarian side of Black Sea
Bulgaria has signed a five-year agreement with the oil group Royal Dutch Shell for exploration of oil and gas in…
8 actions to stimulate competition in the fuel market (Competition Council)
“Fuel market is highly concentrated in Romania”, says the Competition Council and proposes eight measures and actions to boost competition…
Government wants to update Petroleum and Mining Laws; NAMR’s input asked up to March 15
All the projects for oil and gas exploration are delayed, warns Sorin Gal, General Manager of the National Agency for…
KazMunayGas receives a lower rating from Standard & Poor’s
The credit rating Agency Standard & Poor’s (S&P) has downgraded the ratings of five Kazakh state-own companies, including KazMunayGas, which…
Sorin Gal, NAMR: 2016 may be the first year when we begin to terminate oil agreements
In 2016, the trend is to reduce investments, signalized Sorin Gal, General Director of the National Agency for Mineral Resources…
OMV Petrom posts its first anual loss – 690 million RON
The collapse of global oil prices has hit the results of OMV Petrom in 2015. The group’s integrated business model…
