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…
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Exploration & production
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…
Romania has imported over 3.46 million tons of crude oil in the first five months of 2018
Romania has imported over 3.46 million tons of crude oil (tep), in the first five months of 2018, with 620.100…
ALDE wants to change offshore law through an emergency procedure
The Alliance of Liberals and Democrats Party – ALDE spokesman Varujan Vosganian said that there are issues ALDE wanted to…
MPs sent the gas companies back to the drawing board. Will they be back?
The Chamber of Deputies, in extraordinary session, passed by final vote the draft Law on some measures necessary for the…
Saudi Arabia plans to pump up to 11 million bpd of oil in July, a record high (Reuters)
Saudi Arabia plans to pump up to 11 million barrels of oil per day (bpd) in July, the highest in…
GEO 64/2016 becomes law in the form proposed by the Government, sensitive changes have been moved into law 123
Parliament approved by law the GEO 64/2016, a decision welcomed by Energy Minister Anton Anton as a consensus that “strengthens…
New delays threaten investments estimated at USD 22.3 billion
Offshore Law approaches adoption in Parliament. Streamlining the clearance process for the energy projects at the Black Sea would blaze…
Change of paradigm on the natural gas market in the region
The Romanian oil and gas industry is enthusiastically living the dawn of a new era – the commercial exploitation of…
Romgaz: Adrian Volintiru replaces Corin Emil Cindrea, “because of faulty management”
The Board of Directors of Romgaz decided to appoint Adrian Volintiru as General Manager of the company for a period…
KMG International employees raised 10,000 USD from the Rompetrol Run and Care charitable cross
KMG International employees participated in the fifth edition of the Rompetrol Run and Care cross, which took place on Sunday,…
G7 countries pour $100bn a year into oil, gas and coal
Each year, at least US$100 billion goes to support the production and consumption of oil, gas and coal, according to…
Dutch court approved Naftogaz petition to freeze Gazprom assets in Holland
Ukraine’s Naftogaz said on Tuesday that a Dutch court had approved its petition to freeze Gazprom assets in the Netherlands…
OMV Petrom is ready for the next stage – regional growth
14 years after the privatization and 9 billion-euro worth Upstream investments later, OMV Petrom is now a different company, which…
OMV pulls out of electricity generation in Turkey
Austrian gas and oil group OMV has agreed to sell its gas power plant Samsun in Turkey to Turkish investment…