Azerbaijan’s SOCAR, Romania’s Transgaz sign MoU for cooperation on natural gas transit
A memorandum of understanding (MoU) has been signed between Azerbaijan’s State Oil Company (SOCAR) and Romania’s state-owned company Transgaz, SOCAR…
Romgaz to inaugurate the compression station Sărmăşel, a 53 million euros investment
On Wednesday will be put into commission the new compression station and natural gas drying, related to the storage facility…
US shale industry is adapting to low oil prices; no shale gas explorations in Romania
Low oil prices wreaked havoc with US shale producers, but increasingly the industry appears to be adapting successfully to new…
KMG and Romanian state’s investment funds comes back to news
The Minister of Energy Victor Grigorescu, announced that the Romanian state, through management company holdings in energy SAPE, will start…
Court of Accounts: 35 mln. euro loss at Romgaz
The Court of Auditors found, following an inspection conducted this year at Romgaz, that the manufacturer had sold gas worth…
OPEC: Brexit could dampen European oil demand
The U.K.’s vote to leave the European Union could dampen Europe’s appetite for oil and pose a risk to global…
Bulgaria’s government approves draft MOU on Eastring pipeline
The cabinet of Bulgaria has adopted a draft MoU with Slovakia on the Eastring pipeline project, its press office says.…
Transgaz and Transelectrica sign memos with Vietnamese companies
Transgaz and Transelectrica signed memorandums of understanding with companies of their kind in Vietnam, during the visit to this country…
Rompetrol expands strongly in the Republic of Moldova
Rompetrol Moldova, a subsidiary of KMG International, opened 10 fuel stations in the first semester, operating now a network of…
Oil and gas industry needs investments worth anually a billion euro
Maintaining the current level of oil and gas production in Romania requires annual investments of one billion euros, given the…
Greece exports first natural gas to Bulgaria
Greek independent gas company M&M Gas exported first natural gas to Bulgaria on 1 July, a source familiar with the…
Oil Terminal shareholders to choose a new President of the board on August 11
The harbour operator Oil Terminal Constanta (OIL) organized its shareholders for August 11th to elect a new administrator of the…
EC investigation on Transgaz is caused by the lack of investments needed for exports to Hungary
The European Commission initiated the investigation against Transgaz because, for many years, it has delayed all the investment that would…
Russians, Americans and Kazahs inject 37 billion USD at Tengiz oilfield
Kazakhstan and a group of oil companies led by Chevron have approved a $36.8 billion plan to boost production at…
GSP wins new contract in Tunis
Grup Servicii Petroliere (GSP), the offshore drilling company controlled by the Constanta businessman Gabriel Comanescu, won a contract for the…
US oil reserves surpass those of Saudi Arabia and Russia
The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by…
Ovidiu Irimieş take over Oscar Downstream as CEO, for diversification and expansion
New CEO takes over the company at an anniversary time for Oscar Downstream . On June 15, 2016, the company…
Stronger North Asian demand, Brexit lift Asian spot LNG prices
Asian prices for liquefied natural gas (LNG) rose to their highest since February this week, pushed up by a rise…
MOL completes ENI acquisition in Slovenia, grows in Romania too
MOL Group completed the acquisition of ENI´s Slovenian Downstream business. The Hungarian company ended 2015 with 202 filling stations in…
Romgaz announces a new hydrocarbon discovery, in Buzău county
Romgaz announces a new hydrocarbon discovery on the Romanian territory in block RG.06 Muntenia Nord-Est, where it performs petroleum operations.…