OPEC output deal made ”remarkable impact” on oil prices
Qatar’s oil minister on Wednesday hailed the success of OPEC’s agreement to cut oil output, saying it had spurred a…
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Exploration & production
Increased interest for state companies, as state forces payment of 90% of profits as dividends
In the last weeks, the quotations for utilities were animated by the decision that obliges the state companies to distribute…
Alexey Miller and Rainer Seele seal the deal for Nord Stream 2 pipeline
Alexey Miller, the CEO of the Russian energy giant Gazprom met Rainer Seele, the head of Austria’s OMV energy company,…
Gal, ANRM: In March, a new methodology for the reference price for gas
The government could approve this spring a new methodology for calculating the reference price for natural gas, said Sorin Gal,…
US has trouble finding enough fracking sand, as production grows
Demand for frac sand has surged in recent weeks as U.S. producers rush back to the oil patch, stoking concern…
Gazprom additional share purchase values Nord Stream 2 at 1.5 bln USD
The board of directors of Russia’s state-run energy company Gazprom has approved the purchase of additional shares in the Nord…
Oil overhang points to need for extended OPEC output cuts
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing…
Gazprom requests Russia’s gov’t partially liberalize gas market
Russia’s energy giant Gazprom asked the Russian government in 2016 to take steps aimed at partial liberalization of natural gas…
MOL gets new exploration licenses in Hungary and Norway
MOL Group has expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL thus obtained six new…
US oil exports could exceed 2017 production by four members of OPEC
US oil exports could exceed 2017 production by four members of the Organisation of Petroleum Exporting Countries (OPEC). American analysts…
