Solar and wind energy win price war with the conventional fuels
For the solar and wind industries in the United States, it has been a long-held dream: to produce energy at…
Italy casts doubt on South Stream gas pipeline
An Italian minister on Wednesday cast doubt on the future of Russia’s South Stream gas pipeline project, which was already…
German government upholds fracking ban
Drilling for shale gas remains under an unlimited ban, said German Environment Minister Barbara Hendricks, dismissing media reports of government…
Lukoil to invest in a Nigerian project with Chevron
Russia’s second-largest oil company, privately controlled Lukoil, said on Friday it planned to invest in Nigeria with U.S. oil major…
Gas price liberalization could be delayed for at least one year
###author### Department of Energy and the National Energy Regulatory Authority (ANRE) study the possibility of delaying with at least one…
Zakonyi Botond: Hungary is an active promoter of the North-South Gas Corridor
Zakonyi Botond, Hungarian ambassador in Bucharest Energy demand in Hungary is primarily covered by fossil fuels like oil products or…
EBRD expands energy efficiency financing with 15 million euro
###author### The European Bank for Reconstruction and Development (EBRD) is providing 15 million euro of new financing to Romania’s Banca…
EBRD injected 700 million euro in Petrom, which spends now 1 billion euro annually
###author### EBRD First Vice President, Phil Bennett, said that EBRD invested about 700 million euro into Petrom over the years,…
Halliburton to buy Baker Hughes for about USD 35 bln
Halliburton Co will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth…
Germany tables ambitious plan to uphold energy efficiency targets
In order to meet EU energy efficiency targets, the German government has tabled a national action plan, including a tendering…
Rompetrol Rafinare increases its revenues and reduces losses
Rompetrol Rafinare increases its revenues and reduces losses Rompetrol Rafinare, a member company of KMG International, recorded a USD 4.33…
The net result of Romgaz, increased by 40% after nine months
Romgaz ended the first nine months of the year with a net profit of 1.114 billion lei, with 317,1 million…