Mol’s upstream segment grows in spite of shriking oil price
MOL group upgraded its 2016 operational profit (clean CCS EBITDA) guidance to around USD 2.2 bn, as the upstream third…
Artur Stratan, ROPEPCA: Investments depend on the strategy, fiscal regime and the oil price
Romanian oil and natural gas needs investments of around one billion euros annually just to finance the current needs and…
Romgaz offers Duro Felguera and Romelectro the Iernut deal, worth 269 mln. euro
Romgaz has signed on Monday the contract for the new Iernut Thermal central, worth about 269 million euro, with a…
Russian Rosneft sells more to Indians, more deals to come
Russia’s state-owned company Rosneft and India’s ONGC Videsh Limited have closed the transaction for the purchase of 11% of Vankorneft…
Russia says oil output freeze effective for markets stabilization
Cooperation between the Organization of Petroleum Exporting Countries and Russia intensifies amid discussions on how Moscow could manage to support…
ArcelorMittal injected 400 mln. euro in Romania, will continue investments
ArcelorMittal injected 400 million euro in Galati and will continue investments, says Lakshmi Mittal, chairman and CEO of ArcelorMittal. “ArcelorMittal…
Russia and Ukraine terminate agreement on operation of oil product pipelines
Russian Prime Minister Dmitry Medvedev has decreed to legally terminate an agreement that ended de facto between the Russian and…
Hansen, Saxo: Oil lower for longer
From the vantage point of early 2016, the year’s final quarter was widely expected to deliver a firm recovery for…
Russia agrees to cut oil production, but for just six months
It is reasonable to freeze crude production for six months with potential prolongation, Russia’s Energy Minister Alexander Novak said, quoted…
Global demand for energy will peak in 2030 (WEC)
Global demand for energy per capita will peak in 2030 thanks to new technology and stricter government policies, the World…