Norway bets on gas and CCS to complement Europe’s energy transition
With its vast amounts of hydro energy, many would like Norway to become Europe’s “green battery”, supplying neighbours with steady…
Gazprom and Lukoil see serious second quarter profit rise
Russian gas giant Gazprom reported a surge in second-quarter net profit, beating analysts’ expectations, as it benefited from rising energy…
German energy prices reach six-year record
The front-year contract for German power rose to a fresh six-year high of EUR 50.15/MWh on Monday, buoyed by a…
Ministry of Economy: Vestmoldtransgaz takeover will be finalized next week
The takeover of s state-owned Vestmoldtransgaz by Transgaz will be completed next week after the suspensive clauses of the privatization…
ANRE: 85.88% of the gas consumed in Romania was traded on RCE in May 2018
The volume of natural gas traded on the centralized markets in May 2018 reached 85.88% of the total domestic consumption,…
EU Observer: Putin strikes blow against Russia’s isolation by Europe
Russian leader Vladimir Putin has joined forces with Germany against the US over a new gas pipeline. His weekend trip,…
ANRE approved standard products for natural gas trading on centralized markets
The Regulatory Committee of ANRE approved the centralized list of natural gas standardized products to be traded on the centralized…
The Ministry of Finance proposes capping the price of natural gas from domestic production for 3 years
UPDATE (July 23, 2018) On Friday, July 20th, the Ministry of Public Finance (MFP) withdrew the project for the capping…
MPs sent the gas companies back to the drawing board. Will they be back?
The Chamber of Deputies, in extraordinary session, passed by final vote the draft Law on some measures necessary for the…
Valentin Kunev (BBSPA): With gas projects, it is about evolutionary rather than revolutionary changes
Balkan and Black Sea Petroleum Association BBSPA held recently its annual conference in Bucharest, a two days event with over…
GEO 64/2016 becomes law in the form proposed by the Government, sensitive changes have been moved into law 123
Parliament approved by law the GEO 64/2016, a decision welcomed by Energy Minister Anton Anton as a consensus that “strengthens…
New delays threaten investments estimated at USD 22.3 billion
Offshore Law approaches adoption in Parliament. Streamlining the clearance process for the energy projects at the Black Sea would blaze…
Change of paradigm on the natural gas market in the region
The Romanian oil and gas industry is enthusiastically living the dawn of a new era – the commercial exploitation of…
Exxon Mobil speeds up energy trading to boost profit
Exxon Mobil Corp is pushing deeper into energy trading, building a global cadre of experienced traders and beefing up risk-management…
The MET Group takes over RWE Energie Romania and enters among top suppliers in the competitive market
MET and Innogy groups (ELMŰ-ÉMÁSZ) signed an agreement on the acquisition by the MET of RWE Energie (RWEE) Romania, owned…