Russian oil production increased in Q1
The activities for extracting oil from Russia increased by 23% this year, and production reached a post-Soviet record high in…
Putin offers Ukraine a new price discount for gas in Q2
Russia will extend gas price discounts for Ukraine into the second quarter (Q2), the Kremlin website quoted President Vladimir Putin…
Gazprom does not give up South Stream, in spite of 70% lower profit
Gazprom’s net profit, calculated under Russian Accounting Standards (RAS), fell 70 percent last year to 189 billion roubles (3.3 billion…
E.ON closes two unprofitable thermo stations on gas in Germany
E.ON, Germany’s biggest utility, filed to close two unprofitable gas-fired power plants used to ensure the country has enough supply…
Wintershall’s Chairman will become CEO of OMV
Rainer Seele, chairman of the board from 2009 at Wintershall, the largest oil and gas producer in Germany, will take…
Hunt Oil is looking for a seismic prospecting service provider
Hunt Oil Company of Romania, a subsidiary of US oil group Hunt Oil, wants to outsource 3D seismic prospecting services…
Demetrescu: IFIs interested in Hidro Tarniţa, in May we’ll know who prequalifies
###author### International financial institutions (IFIs) like the World Bank, International Finance Corp. (IFC), European Bank for Reconstruction and Development (EBRD),…
Republic of Moldova in gas peril as Russians ask for price hike, Romanian supply too small
Russian Gazprom threatened to suspend gas supply to Republic of Moldova because of accumulated debts, and its subsidiary, MoldovaGaz, called…
8 barriers that hamper energy investment and solutions for them
The negative impact of the barriers in making investments in the energy sector reflects in the energy sector, but also…
Countries that do not apply the EU efficiency rules to enter infringement procedures
EU leaders will discuss strengthening the enforcement of existing energy laws at their 19 March summit, after the European Commission…
