Exploration & production
EBRD become a minority shareholder in the Black Sea Oil & Gas
Black Sea Oil & Gas SRL (“BSOG”), currently backed by The Carlyle Group, announced that the European Bank for Reconstruction…
OMV CEO sees closing of Gazprom asset swap not before end-2018
The chief executive of energy group OMV said on Tuesday he expected an asset swap with Russia’s Gazprom to close…
Bulgaria on collision course with EU in gas monopoly case
At a secret session on Saturday (24 November), the Bulgarian Parliament decided not to recognise the European Commission’s positions with…
Raffles Energy SRL announces New Gas Discovery in EIV-1 Suceava Concession, Romania
Raffles Energy SRL, a wholly owned subsidiary of the UK-based Raffles Energy Group, has announced that a new gas discovery…
Poland reduces its Russian gas dependence and signs in the Americans
Poland’s dominant gas firm PGNiG has signed its first mid-term deal for liquefied natural gas (LNG) deliveries from the United…
Gazprom speaks out against OPEC production cut extension
While OPEC is said to be mostly leaning toward a 9-month extension of the production cuts, Russia’s Energy Minister Alexander…
Mexico to liberalize fuel prices one month earlier
Mexico will liberalize fuel prices nation-wide on 30 November, moving ahead by 30 days plans to remove price caps in…
Good results for the listed energy companies (Mihai Căruntu analysis)
Some companies will record profits over estimates, while others are still dependent on strategic decisions to increase, Mihai Căruntu, head…
MOL gets a newly upgraded investment grade rating from S&P
MOL group has been upgraded to BBB- investment grade long-term credit and issuer rating with stable outlook by Standard and…
Harald Kraft, Country Manager for Stratum Energy Romania, takes over ROPEPCA’s Presidency for the next year
For the next year, Harald Kraft, Country Manager for Stratum Energy Romania, takes over the Presidency of ROPEPCA – the…
Constantin Gheorghe, revoked; Iulian Offenberg takes over the head of the Offshore Oil Authority
Prime Minister Mihai Tudose decided to revoke Constantin Gheorghe from the position of president, with the rank of state secretary,…
OMV Petrom doubled its net profit in the first nine months of 2017, compared to 2016
The OMV Petrom Group reports a net profit of 1.84 billion lei after the first nine months of the year,…
Fossil fuels will be main energy source for decades – OPEC
OPEC says growth in global oil demand will steadily lessen from an annual average of 1.3 million barrels a day…
KMG International’s profit up six times
KMG International, historical records in the first 9 months of 2017 KMG International (KMGI) has recorded a net profit of…