ROPEPCA urges lawmakers to keep the path for liberalization in the oil and gas market
The Romanian Association of Exploration and Petroleum Producing Companies (ROPEPCA) urges the members of Parliament to make a decision taking…
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Exploration & production
Gazprom unseats ExxonMobil as world’s largest energy company
Russia’s Gazprom has topped the S&P Global Platts 250 rating of the world’s energy companies. The company has ousted US…
Creditors unanimously approved the reorganization plan for Prospecţiuni SA
On Monday, Assembly of Creditors for Prospecţiuni SA decided unanimously to approve the reorganization plan proposed by the judicial administrator…
Oil hits seven-month high as producers say market rebalancing
Oil prices rose on Monday to their highest in seven months after major producers said at a meeting in Vienna…
Renewal of EBRD loan to Ukraine’s Naftogaz will depend on reform progress
The European Bank for Reconstruction and Development will not renew a loan facility provided to Ukrainian state-run firm Naftogaz for…
Russia’s Novak says premature to extend global oil deal, market is being balanced
It is premature to decide on extending the global deal to reduce oil production as the oil market has been…
France Plans to End Oil Output by 2040 With Exploration Ban
France will stop granting new exploration permits next year as it seeks to end all oil and gas production by…
NAFTA negotiators seek to enshrine Mexico’s energy reforms
U.S., Canadian and Mexican negotiators are zeroing in on ways to enshrine Mexican President Enrique Pena Nieto’s sweeping energy reforms…
Gazprom profit slides but Europe sales push higher
Gazprom, the largest Russian gas producer, saw its profit slump more than 80pc in the second quarter of 2017 despite…
Competition works, but liberalization is still far from being completed (EBC, Aug 30)
This is the brief description of the situation in Romania’s energy markets – electricity and natural gas, a description which…
Gazprom postpones by two years the launch of Yuzhno-Kirinskoye gas field
Russian energy giant Gazprom plans to launch the Yuzhno-Kirinskoye gas field offshore Russia’s Sakhalin island in the Pacific in 2023,…
Upetrom enters insolvency due to losses
Upetrom 1 Mai, a company owned by Gabriel Comănescu, went into insolvency due to losses, which last year amounted to…
Taxation and political instability impede Upstream development of the Black Sea (Aleksandrs Popovics, Wood Mackenzie)
Wood Mackenzie has recently published an exhaustive report about the hot upstream projects currently explored in the Black Sea with…