Gazprom speaks out against OPEC production cut extension
While OPEC is said to be mostly leaning toward a 9-month extension of the production cuts, Russia’s Energy Minister Alexander…
Mexico to liberalize fuel prices one month earlier
Mexico will liberalize fuel prices nation-wide on 30 November, moving ahead by 30 days plans to remove price caps in…
Good results for the listed energy companies (Mihai Căruntu analysis)
Some companies will record profits over estimates, while others are still dependent on strategic decisions to increase, Mihai Căruntu, head…
MOL gets a newly upgraded investment grade rating from S&P
MOL group has been upgraded to BBB- investment grade long-term credit and issuer rating with stable outlook by Standard and…
Petcu: The Rompetrol memorandum will not be extended, debt payment is demanded
The Ministry of Energy will not extend the memorandum with KazMunaiGaz, the owner of Rompetrol, approved by Government decision in…
Harald Kraft, Country Manager for Stratum Energy Romania, takes over ROPEPCA’s Presidency for the next year
For the next year, Harald Kraft, Country Manager for Stratum Energy Romania, takes over the Presidency of ROPEPCA – the…
Rompetrol Rafinare has tripled its net consolidated profit in the first 9 months
Rompetrol Rafinare, company member of KMG International, has recorded a net consolidated profit totalling 56 mil. USD in the first…
Constantin Gheorghe, revoked; Iulian Offenberg takes over the head of the Offshore Oil Authority
Prime Minister Mihai Tudose decided to revoke Constantin Gheorghe from the position of president, with the rank of state secretary,…
OMV Petrom doubled its net profit in the first nine months of 2017, compared to 2016
The OMV Petrom Group reports a net profit of 1.84 billion lei after the first nine months of the year,…
Fossil fuels will be main energy source for decades – OPEC
OPEC says growth in global oil demand will steadily lessen from an annual average of 1.3 million barrels a day…
Transgaz wants to buy the Moldavian operator of Ungheni-Kishinev gas pipe
Transgaz announced that it intends to participate in the privatization of the State Enterprise Vestmoldtransgaz, the company created by the…