Rompetrol SA, member of KMG group, calls for insolvency procedure
Update: The insolvency application filed by Rompetrol SA was rejected by the Bucharest Tribunal; the decision can be challenged by…
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Exploration & production
Ministry of Finance will combine royalties with a tax on profits from Upstream
The future system of royalties in the field of hydrocarbons, which should enter into force by the end of this…
Total sees deal targets still too expensive after crude crash
Total SA Chief Financial Officer Patrick de La Chevardiere said prospective takeover targets are still too expensive after crude prices…
Lukoil maintains dividend growth even after crude’s plunge
OAO Lukoil’s board recommended a final dividend of 94 rubles a share for 2014, Russia’s second largest oil producer said…
How the Petrobras scandal buried Brazil’s dream for offshore oil
Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lay vast oil reserves – at least…
A site of 100 billion barrels of oil was discovered in the UK
British oil Exploration Company U.K. Oil & Gas Investments (UKOG) believes it has found the most important onshore oil field…
Shell buys BG Group in a 70 billion dollars transaction
Shell Oil will buy for nearly 70 billion dollars,in cash and shares, the British gas producer BG Group, says The…
Junk energy bonds find much needed support
Fear has given way to greed in risky US energy bonds. After last year’s oil crash pummeled the US energy…
Russian oil production increased in Q1
The activities for extracting oil from Russia increased by 23% this year, and production reached a post-Soviet record high in…
Wintershall’s Chairman will become CEO of OMV
Rainer Seele, chairman of the board from 2009 at Wintershall, the largest oil and gas producer in Germany, will take…
Hunt Oil is looking for a seismic prospecting service provider
Hunt Oil Company of Romania, a subsidiary of US oil group Hunt Oil, wants to outsource 3D seismic prospecting services…