ArcelorMittal injected 400 mln. euro in Romania, will continue investments
ArcelorMittal injected 400 million euro in Galati and will continue investments, says Lakshmi Mittal, chairman and CEO of ArcelorMittal. “ArcelorMittal…
Dumitru Matei is the new Board chairman of Oil Terminal
Dumitru Matei was appointed as the Board of Directors’ Chairman during the Tuesday meeting of the Board of Oil Terminal,…
Emily Olson, BP: The Southern Gas Corridor is a real project, not a “pipe dream”
Emily Olson Vice-President of Communications and External Affairs for BP’s Southern Corridor an interview by Alice Sapcaliu, GBC The Southern Gas…
Mazarine Energy takes over 19 onshore oil fields in Romania from OMV Petrom
OMV Petrom and Mazarine Energy România SRL, a fully owned Romanian subsidiary of Mazarine Energy BV announce that they have…
ArcelorMittal: No negotiation on renewable subsidies yet, cogeneration raises concerns
While Chinese steel producers are threatening Europe with dumping prices, ArcelorMittal Galati, that exports two thirds of its local production,…
Russia and Ukraine terminate agreement on operation of oil product pipelines
Russian Prime Minister Dmitry Medvedev has decreed to legally terminate an agreement that ended de facto between the Russian and…
Hansen, Saxo: Oil lower for longer
From the vantage point of early 2016, the year’s final quarter was widely expected to deliver a firm recovery for…
Russia agrees to cut oil production, but for just six months
It is reasonable to freeze crude production for six months with potential prolongation, Russia’s Energy Minister Alexander Novak said, quoted…
Global demand for energy will peak in 2030 (WEC)
Global demand for energy per capita will peak in 2030 thanks to new technology and stricter government policies, the World…
Oil Terminal to raise capital over 5 times to 71 mln. Euro
Oil Terminal majority shareholders representing almost 78% of equity decided yesterday to increase the share capital from nearly 58.2 million…
OPEC is set to further cut output to keep a stable oil price
OPEC could cut production at its late November meeting in Vienna by another one percent more than the amount agreed…
The strategy will not change the energy mix, but does not rule out an increase in consumption of 2%
The energy strategy provides in one of the scenarios a growth in consumption of up to 1.5-2% annually, says Corina…