Petrom’s profit drops 11% at 9M
Petrom recorded a net profit of 473 million lei in the third quarter of 2016 compared to a loss of…
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Exploration & production
OMV: Fierce competition on the gas market, also because of the imported gas
The gas demand in Romania this year remains below the levels of 2015; stable demand on the electricity market The…
Total signs first post-sanctions Western energy deal with Iran
France’s Total has signed a deal with Iran to further develop its part of the world’s largest gas field, becoming…
Russia sells another 19.5 percent Rosneft stake by decree
Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft…
MOL Group will invest more than $2 billion in Upstream projects in the next five years
MOL Group announced the financial and operational objectives for the next five years, shortly after the publication of the Strategy…
Oil majors join forces in climate push with renewable energy fund
Top oil companies including Saudi Aramco and Shell are joining forces to create an investment fund to develop technologies to…
Romania loses investments because of bureaucracy and system bottleneck
Fragmented collaboration between the various authorities and lack of a predictable tax regime block energy investments. During the session dedicated…
Artur Stratan, ROPEPCA: Investments depend on the strategy, fiscal regime and the oil price
Romanian oil and natural gas needs investments of around one billion euros annually just to finance the current needs and…
GE to merge oil and gas business with Baker Hughes
General Electric, banking on a recovery in oil prices, said it would merge its oil and gas business with No.…
Russian Rosneft sells more to Indians, more deals to come
Russia’s state-owned company Rosneft and India’s ONGC Videsh Limited have closed the transaction for the purchase of 11% of Vankorneft…
Mazarine Energy takes over 19 onshore oil fields in Romania from OMV Petrom
OMV Petrom and Mazarine Energy România SRL, a fully owned Romanian subsidiary of Mazarine Energy BV announce that they have…
Hansen, Saxo: Oil lower for longer
From the vantage point of early 2016, the year’s final quarter was widely expected to deliver a firm recovery for…
UniCredit: Consumption will increase by 8.6%, inflationary pressures if oil jumps over 65 USD
The annual inflation could rise from almost zero at the end of 2016, to more than 1% in the first…
Mark Wagley, ROPEPCA: Let’s keep the jobs and revenue in Romania!
All discussions on Romanian O&G industry begin with aknowledgements on the long and strong history this industry has. However, the…
Rosneft offers 5 bln. USD for the majority stake in Bashneft
Russian oil giant Rosneft could be offered the controlling stake of 50,08% in the medium-sized oil producer Bashneft for some…
Russia and Norway in talks over gas exports to Europe
Russian Energy Minister Alexander Novak has discussed with his Norwegian counterpart Tord Lien common interests on the European gas market,…
For the US and Romania, energy comes first after the rule of law and military security
Robust security cooperation is a vital part of the U.S.-Romania Strategic Partnership, says the joint press release from the of…