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,…
Karina Pavăl (24) enters the BoA of Conpet Ploiești, proposed by Dedeman
Karina Pavăl, 24, daughter of Dragoş Pavăl, the owner of the Dedeman DIY retailer, was appointed by the shareholders of…
Poland to become an energy hub for CEE
Poland plans to become an energy hub in Central and Eastern Europe, Polish President Andrzej Duda said on a state…
China defies US pressure as EU parts ways with Iranian oil
China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing…
Oil Terminal cuts wages by 25% for 10 days
Oil Terminal suspends full wage payment for ten days in order to reduce expenses. Almost a thousand employees will be…
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,…
Oltchim to cease production and enter general repairs
The petrochemical plant Oltchim Râmnicu Vâlcea announced that the general revision scheduled for this year will run from 1 to…
Denmark’s Maersk to spin off drilling
A.P. Moller-Maersk said it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest…
Rompetrol Rafinare, increase by 27% of raw materials processed in the first half of 2018
Rompetrol Rafinare, member of KMG International, recorded in the first half of this year an increase by more than 50%…
Gazprom’s H1 2018 natural gas sales to Romania up 4%
Gazprom’s exports of natural gas to Romania grew 4% in the first half of 2018, as compared to the same…
Weak Turkish lira may favour SOCAR expansion plan
SOCAR wants to reach a 20% share of Turkey’s gas market, and the country’s recent economic woes are likely to…