Armax Gaz Medias enters insolvency with debts worth 24 mln. euro
On July 3rd, the Sibiu Court admitted Armax Gaz Mediaş’s application for insolvency. The company with a history of 100…
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Exploration & production
Gas imports more than double over the small import prices
Romania imported between January and April 2017 542.100 tons of oil equivalent (tep) of usable natural gas of, with 251,1%…
Spanish Repsol and Gazprom set up joint venture
Spain’s Repsol has established a joint venture with Gazprom Neft after selling a 25 per cent stake in its Evrotek-Yugra…
AGRI project will continue with EU money – Tudorache
The Ministry of Energy will ask for the inclusion of the AGRI gas interconnector on the list of projects of…
OPEC is in no rush on deeper oil output cut
OPEC will not rush into making a further cut in oil output or end some countries’ exemptions to output limits,…
KMG and Rompetrol: 32 mln. tons of crude through the Black Sea in 10 years
The volume of the unloaded crude by KMG International through the offshore terminal in the Black Sea reached over 32…
Mihnea Constantinescu: We have a major institutional problem in regulating natural gas
The Committee for Industries and Services has finalized the Report on the DRAFT of Law on the approval of Government…
Aristotel Jude defends the key provisions in the GEO 64/2016
The Committee for Industries and Services has finalized the Report on the DRAFT of Law on the approval of Government…
Giving up gas storage, a risky price deflator
The abandonment of gas storage will be a solution for reduced pressure on prices, but this will happen in the…
Mark Wagley (ROPEPCA): Romania has a bright future if it will invest in the O&G sector
By stimulating capital investment in the O&G industry, Romania will both support the activity in sector, and simultaneously increase its…
Germany, Austria tell U.S. not to interfere in EU energy policy
While Nord Stream 2 pipe may be exposed to a US ban, Germany and Austria condemned a proposed expansion of…
Florina Sora (NAMR): The development of offshore resources is a priority for the NAMR
The law under which oil concessions were granted is not specific to the offshore field, so improvements need to be…
B. Klauser, DG Energy (EC): One trading place for gas producers in Romania will have a very detrimental effect on market functioning
Before we talk about regional cooperation in terms of security of supply or even gas hubs, “it’s important to get…
ROPEPCA accuses discrimination against the local oil industry through measures adopted in Parliament
The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) looks with great concern upon the recent amendments in Parliament aiming…
Iran hits back at India, tapping Russia’s Gazprom to develop its giant gas field
Tehran has picked Russian energy major Gazprom to develop the Farzad B gas field, discovered by India’s Oil and Natural…
Oil prices – an indicator that does not lie (comment by Radu Crăciun)
The topic of global warming has reached its goal, says Radu Crăciun, president and general manager of BCR Pensii, in…
Oil falls for second day as concern grows over supply
Oil fell for a second day on Thursday to hit one-month lows after an unexpected surge in U.S. inventories and…