New Gas Discovery in EIV-1 Suceava Concession, Romania
Raffles Energy SRL (“Raffles”) a wholly owned subsidiary of Raffles Energy Group is delighted to announce that a new gas…
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Exploration & production
OPEC: 2015 demand to lowest level in a decade
The collapse in oil prices is starting to slow growth in U.S. output, the Organization of the Petroleum Exporting Countries…
Dumitraşcu: I hope to come back. I did not resign because of the Rompetrol affair
###author### The Rompetrol Memorandum’s application stagnates because of the fear of the negotiation committee members to attend its meetings, but…
Oil price pressed as World Bank cuts growth forecast
Oil prices pared early losses on Wednesday but remained under pressure after the World Bank cut its economic growth forecast,…
Things to watch in 2015’s energy (Radu Dudău, Energy Policy Group)
The major trends of 2015’s world energy have been largely set in the second half of 2014. Undoubtedly, the stunning…
A diminished oil price may throw Romania into deflation
###author### While deflation has already bitten the euro area, Romania was held still standing and only registered a decrease of…
Brent crude fell below 49 dollars per barrel
The price of a barrel of Brent crude oil fell below 49 dollars on Monday, for the first time since…
Governments can reshape the energy business: they are the biggest users (Walt Patterson)
In our energy system we treat electricity as a commodity, which is sold by the unit, writes Walt Patterson, Associate…
GE could produce off-shore oil equipment in Ploiești
American group General Electric (GE) is considering the capacity expansion of the oil equipment factory in Ploiesti, which it bought…
Brent crude reached 53.5 dollars per barrel
Brent oil price fell below 55 dollars a barrel, a new low last registered in May 2009, due to increasing…
Russia counterstrikes OPEC, keeps oil production up in 2015
Russia, the world’s biggest energy exporter, does not plan to cut oil production to shore up prices, Rossiya 24 television…
Fall of the ruble and a cheaper oil will not seriously affect Romania
###author### Currency crisis in Russia will be difficult to set, as there are more external causes, but the negative effects…
The Saudi Bet (Radu Dudău, Anca Mihalache – EPG)
The crude oil Brent price has kept falling through one psychological bottom after the other: since June’s $115/b (barrel), it…
M. Louboutin, ROPEPCA: Potential investments of millions of dollars for the oil and gas industry
2014 is a paradoxical year for hydrocarbon exploration. On the one hand, numerous companies have announced the start of operations,…
Legislative changes should relate only to future investment (Oana Mogoi, BCR)
Being the largest bank in the Romanian banking system, BCR is a powerful partner that supports the development of Romanian…
Gheorghe Duțu (NAMR): Investments in exploration secure access to oil resources
The oil industry, but also the mining industry are characterized by continuous movement, Gheorghe Duțu, President of the National Agency…