Norway bets on gas and CCS to complement Europe’s energy transition
With its vast amounts of hydro energy, many would like Norway to become Europe’s “green battery”, supplying neighbours with steady…
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Exploration & production
Transgaz might receive additional European funds to increase interconnection capacity with the Republic of Moldova
Transgaz could receive € 46 million in non-reimbursable European funds to increase the capacity of the pipeline to transport gas…
China defies US pressure as EU parts ways with Iranian oil
China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing…
Denmark’s Maersk to spin off drilling
A.P. Moller-Maersk said it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest…
Chinese tariffs on US gas exports may shift the global market
China’s threats of new tariffs on $60 billion worth of U.S. imports will create shifts in the energy market, as…
In 2017, Romania had the lowest EU gas price in euro for the household consumers – Eurostat
In 2017, Romania recorded the lowest price in euro for natural gas for household consumers, among EU member states, according…
OMV Petrom started production from the first multilateral well drilled in Romania
OMV Petrom announced it has started production from a new offshore well LVO7, drilled in the Lebada Vest field. According…
Klaus Iohannis re-sends to Parliament the offshore Law, for review
President Klaus Iohannis has decided to resubmit the offshore Law to the Parliament for review. One of the reasons put…
Offshore Law: US Energy Secretary Rick Perry called in the Romanian ambassador for talks
Romanian Ambassador in Washington, George Maior, had a meeting with US Energy Secretary Rick Perry and talks focused on offshore…
Gazprom wooes Iran for more oilfields
National Iranian Oil Company (NIOC) has discussed the Russian Gazprom’s offer to develop Iran’s North Pars Gas Field as well…
Oana Mogoi (ING Bank): Funding for energy through the reserve based lending mechanism
New realities (market players, behaviors, obligations, etc.) can be introduced through legislation. However, national legislation must take into account the…
Energy giants opening natural gas spigots, fueling profit rise
The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits…
ANRE has decided to increase the gas price for households by about 6%
The National Regulatory Authority for Energy has decided to increase by 5.83% on average the natural gas price for households,…
The Ministry of Finance proposes capping the price of natural gas from domestic production for 3 years
UPDATE (July 23, 2018) On Friday, July 20th, the Ministry of Public Finance (MFP) withdrew the project for the capping…
Kraft (ROPEPCA): Romania should encourage investment in the manufacturing industry in order to use its natural gas
The best solution for the using domestic natural gas at home would be for the Government to motivate the industry…