Gazprom expects tough competition from U.S. LNG exports to Europe
U.S. exports of liquefied natural gas (LNG) to Europe will be the main competition for Gazprom this year, the Russian…
Romania’s gasoline price has risen more than the European average
The price of tax-free fuels in Romania continues to be higher than the European Union average, and in the case…
Hungary has already provided its gas supplies for 2020
Hungary has secured gas supplies for the next year even though Moscow and Kiev will not be able to reach…
The regulator decided what companies would buy how much domestic gas and from whom at the price the Government set
The latest decisions of the National Regulatory Authority for Energy – ANRE set out the destinations for natural gas from…
National Chemistry Contest, supported by KMG International
KMG International (Rompetrol) is the main sponsor of the 53rd edition of the Chemistry Contest, which is organized by the…
Lukoil continues drilling in the Black Sea
Lukoil, one of the most powerful players in the local oil market, says this year will drill a probe in…
PwC, ARB: We have the lowest degree of financial intermediation, ROBOR has evolved in resonance with inflation
Dafora has decided to extend its reorganization period by another year. Thus, Dafora will empower the owner, Geroge Calburean, to…
OMV Petrom and Exxon have new proposals for the gov’t
OMV Petrom and Exxon do not want to be subject to the financial tax provisions of the Offshore Law, OUG…
EY: The value of oil and gas transactions rose in 2018 due to record of 11% in downstream
The total value of oil and gas transactions increased by 79.7 billion USD in 2018 to 426.8 billion, despite a…
SOCAR intends to sell Azerbaijani oil and oil products in Romania
SOCAR’s subsidiary in Romania – SOCAR Petroleum SA plans to sell in Romania oil and oil products produced at the…
Prospex Oil and Gas raises funds for Romanian concession
K-based Prospex Oil and Gas has raised 800,000 British pounds (899,562 euro) via a share placing to help fund its…
Ade Gas Oil strengthens its position in the LPG market
Romania’s competition authority said it will look into the recent takeover by Ade Gas Oil Company of some assets owned…
Gasoline prices up by another 1% for a total of 8.55% increase in 2019
After one week of stagnation, the upward trend in gasoline prices continues, with an average price increase of 0.92%, the…
Transgaz proposes dividends worth 255 million lei
The Transgaz Board of Directors proposes to grant dividends for the year 2018 in the amount of 255.02 million lei,…
Petrom paid the Romanian government 30% more taxes in 2018
The taxes paid by Petrom last year rose substantially from those in 2017, both as a result of higher profits…
ANRE is looking for its own energy and gas supplier
The National Regulatory Authority for Energy – ANRE is looking for a supplier of electricity and natural gas for its…
Petrom’s investments increased by 56% in 2018
OMV Petrom SA’s investments amounted to 5,495 million lei in 2018, up 56% from those in 2017. Investments in the…
F. Hajdinjak: Authorities must urgently rethink their energy poverty policies
Since publicly presented in late December 2018, GEO 114/2018 stirred massive reactions on all levels (media, industry, experts, politicians). It…
Petrom inaugurates the 65 mln euro poli-fuels plant at Petrobrazi
Petrom will open by the end of the month the plant which converts petroleum gas into gasoline and diesel, on…
The week of heated discussions on GEO 114 starts today
Even if 114 is a number that industry will not forget too soon, there are already talks about a new…
Exxon doesn’t wait: Evaluates offshore Israel energy exploration bid
American oil and gas giant ExxonMobil is considering exploring for energy off the Israeli coast, according to Reuters. Executives from…
Gazprom’s Power of Siberia gas pipeline to China is almost finished
Russia’s state-owned gas giant Gazprom will start filling the Power of Siberia (Sila Sibiri) natural gas pipeline that connects Russia…
Szijjártó: Hungarian firms have signed contracts with ExxonMobil and OMV
Hungarian Foreign Minister Péter Szijjártó said on Thursday in Târgu Mureş that Hungary wants to buy natural gas from Romania,…