Fondul Proprietatea will sell at least 4% more of OMV Petrom for a minimum of 216 mln. euro
###author### Fondul Proprietatea will possibly sell more than 4% of OMV Petrom, a similar transaction at the end of last…
Panfora Oil & Gas: no shale gas operations, no hydraulic fracturing at Curtici
###author### Panfora Oil & Gas, a MOL group company, reaffirms it will not explore, or exploit shale gas in the…
Gas producers in US will export to Europe to reduce dependence of Russia
Russia’s military intervention in Ukraine is bolstering the case for easing restrictions on exports of the U.S.’s booming natural gas…
NIS invests 15-20 mln. euro into stations, conventional exploration may reach 160 mln.euro
###author### NIS, a Gazprom Neft subsidiary, will invest 15-20 million this year into the local network of filling stations, while…
R. Nicolescu (Department for Energy): From Production towards Energy Efficiency
Romania must change the paradigm based on electricity production with one focused on energy efficiency and reduced consumption, said Răzvan…
Ukraine doubled its Russian gas imports
Ukraine increased its natural gas imports from Russia in recent days, said a spokesman for the state- owned Ukrtransgas in…
Ukraine demands int`l help for nuclear plants while Gazprom warns on changing gas price
###author### Ukraine’s parliament called for international monitors to help protect its nuclear power plants as tension mounted with Russia, Reuters…
CIR demands the natural gas ”basket” removal for the eligible consumers
###author### More than 96% of the gas import quota is ensured by industrial consumers, a fact that led to a…
Corneliu Cernev, Oltchim union leader: The Government wants a takeover of Arpechim refinery this March
Oltchim’s Victoria union leader, Corneliu Cernev, told Agerpres that the government wants to take over Arpechim Pitești refinery by a…
The Government gives freely over 30.000 tonnes of gasoline to CFR Călători from the state fuel reserve
The Government has decided by Executive Emergency Ordinance to grant CFR Călători from the state reserve, free of charge, 32,487…
Prospecţiuni revenues increased by 20.5% last year to 415.4 million lei
###author### Geophysical and geological services company Prospecţiuni Bucharest, controlled by the businessman Ovidiu Tender , reported revenue last year of…
GdF Suez took a 15 billion euro write-down last year
GdF Suez recorded write-downs worth 14.9 billion euros (20.4 billion dollars) last year,writes the Wall Street Journal. The publication notes…
Romgaz sales rose 1.5% last year to 881 mln. lei, profit fell 17% to 211 mln.euro in 2013
Natural gas producer Romgaz (SNG ) turnover increased by 1.5 % last year to 3.89 billion lei (881.2 million euro…
The state wants to open the power & gas exchange for private stockholders by the end of the year
Trading platform for power and gas OPCOM will be privatized by the end of the year through sales of its…
Greece inks a 10 year deal with Gazprom; a retroactive price drop by 15%
Natural gas distribution Company in Greece (DEPA) has signed a 10-year contract for the supply of gas with Gazprom, a…
The Black Sea gas requires gas pipelines of nearly 1 billion euros
Transgaz Mediaş, the national gas transmission operator, stated through its managing director that it has investment programs amounting to EUR…
Energy and gas bills without the tax on special constructions in 2014
The 1.5% fee on special constructions introduced from January 1st will not be put by distributors of gas and power…
Britain creates new oil and gas regulator to tackle falling output
Britain said it would create a new oil and gas regulator which will help UK explorers speed up their search…
Gas stockpiles diminish the risk of prices increases due to Ukraine instability
The high level of gas stocks in Western Europe will eliminate the risk on price brought by instability in Ukraine,…
Government Emergency Ordinance for upgrading Conpet’s pipelines
Some investment done by Conpet Ploiești are blocked because the company refuses to pay the fees required by administrators of…