USR demands that the revenues from the Offshore Law reach Pillar 2 of pensions
USR MPs will submit, during the debates on the draft offshore law, an amendment so that the money obtained by…
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Exploration & production
Amendments to the Offshore Law reach Parliament; will they be enough?
The ruling coalition leaders have sent the offshore law in Parliament and are announcing the existence of a political majority…
Zoltan Nagy-Bege: In this period of war and energy crisis the most important thing is the security of supply
In this period of war and energy crisis, the most important thing is the security of supply for gas and…
Chisăliță: Amromco’s entry into insolvency, a very serious signal for investors
The entry of the third largest gas producer in Romania, Amromco, into insolvency is a very serious signal, which reflects…
Mark Beacom: BSOG does not rule out the possibility of taking legal action against the Romanian state
The American company Black Sea Oil and Gas (BSOG), from which Romania expects the first new gas from the Black…
Gas prices have risen as the EU looks at new sanctions against Russia
Reference prices for natural gas in Europe rose by 7% on Monday morning amid growing fears about gas supplies due…
Transgaz, Nuclearelectrica and Romgaz will transfer only 50% of dividends, investments are prioritized
After Nuclearelectrica and Romgaz, the Government decided to exempt Transgaz from paying 90% dividends. Thus, 50% dividends will be paid…
Beacom: BSOG will begin extracting gas from the Black Sea in the second quarter
Black Sea Oil & Gas (BSOG) will begin extracting offshore natural gas in the second quarter of this year, later…
Romgaz obtains a 325 mln. euro loan from Raiffeisen for the acquisition of Neptun Deep
Romgaz has signed a financing agreement worth 325 million euro with Raiffeisen Bank, for the partial financing of the acquisition…
Neptune Deep Project is nearing completion
Romgaz’s Board of Directors approved the conclusion of the sale-purchase contract of all shares issued by ExxonMobil Exploration and Production…
ING will no longer fund new oil and gas projects
Dutch banking group ING will no longer finance new oil and gas projects, ING energy director Michiel de Haan told…
Minister: Starting this year, we will have an additional 1 billion cm of gas
Romania will have natural gas from other sources next winter, including from the Black Sea, and starting this year we…
World’s biggest oilfield contractors are quitting future Russia works
The world’s three biggest oilfield service providers are halting future work in Russia, in response to President Vladimir Putin’s invasion…
Gas producers will be obliged to sell at a price set by the Government the quantities resulting from domestic production
Natural gas producers will be obliged to sell at a price set by the Government the quantities of gas resulting…
FPPG: Postponing investments in the Black Sea will lead to a series of new challenges for Romanians
The latest study on the specific taxation of offshore natural gas production in Romania, conducted by PwC Romania for the…
Economy Minister: Ruling coalition considers reducing fuel excise tax
The ruling coalition is considering measures to help consumers, such as reducing fuel excise duties and zero VAT on food,…
Oana Bucur, FPPG: Changing the Offshore Law, essential in unlocking major investments
Energy producers consider it essential to amend the offshore law that would allow the unblocking of major investments, such as…
It’s official: We reopen the coal, 600 miners will be hired; offshore law ready
The president of PNL, Florin Cîţu, said today that Romania already has alternative sources to the fuels from Russia to…
OMV joins large energy companies and withdraws from Russia
The Austrian group OMV announced on Saturday that it is withdrawing from Russia, being the latest energy company to make…
Brent oil price continues to rise, reaching almost $117
The price of a barrel of Brent oil supplied in March continued its rise on Thursday and rose by 3.48%…
OMV has stopped talks with Gazprom on a gas field and revises role in Nord Stream 2
Austrian energy group OMV announced that it has abandoned plans to take over a stake in a Gazprom gas field…
Italy freezes 500 mln. euro loan for Russian Arctic LNG project 2
Russia’s invasion of Ukraine has prompted Italy to suspend its $21 billion Arctic LNG 2 project, led by private Russian…
KMG International Group will have new chief executive officer
National Company KazMunayGas (KMG), the sole shareholder of KMG International N.V. (KMGI), made a decision on appointment of Bakhyt Kulmakhanov…