The BRUA project could return to its original form, following ACER’s decision
The BRUA pipeline, a strategic project for Romania, could return to its original plan, despite the vehement opposition of Hungary,…
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The competition analyzes the takeover of Valt and Marine Sergeant by Vitol Bitumen
The Competition Council analyzes the transaction by which Vitol Bitumen Investments BV in the Netherlands takes over Valt BV, the…
Ioan Niculae: I get not a single cubic meter of Romanian gas. They preferred to close wells rather than selling to me (interview e-nergia.ro)
The owner of Interagro, Ioan Niculae, accuses the two gas producers in Romania of not wanting to provide the necessary…
Russia signals OPEC and allies could raise oil output
One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted…
Rompetrol Rafinare will go back in black this year
Rompetrol Rafinare estimates a gross profit of USD 5 billion, an EBITDA of 192 million and a net profit of…
A consortium led by Engie buys the Petrobras pipeline division
A consortium led by French utility company Engie has won an auction to take over TAG, the Petrobras group’s pipeline…
Rompetrol Rafinare invests 4 million USD for moving to Industry 4.0
Rompetrol Rafinare is close to finalizing the implementation of the first phase of Advanced Process Control (APC), a digital solution…
Canete: The BRUA gas pipeline is fundamental to the EC
The BRUA pipeline is fundamental to the European Commission and it is important that gas reaches Austria, regardless of the…
Bulgaria doesn’t want to give up on coal, uses biomass as statistical trick
Bogdan Tudorache The Bulgarian government doesn’t want to phase out coal, and there is basically no new renewable investment projected…
0.04 lei added to gasoline prices in a week (0.7%); diesel prices decline by 0.05 lei per liter
The price of gasolines sold by Petrom climbed four bani during the last week in all eight stations monitored by…
ACUE welcomes the modification of the rate of return on invested capital – a signal to increase the investments
The member companies of the Federation of Associations of Energy Utility Companies (ACUE) appreciate that the Government’s decision to increase…
Transgaz proposes dividends worth 255 million lei
The Transgaz Board of Directors proposes to grant dividends for the year 2018 in the amount of 255.02 million lei,…
CIS GAZ builds two gas pipelines
CIS GAZ, specializing in pipeline construction and service provision for the oil and gas industry, signed two investment contracts with…
Vladimir Milov: Ukraine’s potential for gas exploitation has not been capitalized
Ukraine has a huge potential to exploit its natural gas reserves, but this potential has not been capitalized so far…
Ukraine is going to bring Russia in front of the European Commission for breaking EU Competition Law
Ukraine’s Naftogaz is preparing a formal complaint against Russian Gazprom’s “abusive and illegal practices”, announced Yuriy Vitrenko, Executive Officer of…
Russia wants EU guarantee to continue with TurkStream development
Russian Prime Minister Dmitry Medvedev told his Bulgarian counterpart Boyko Borissov on March 4 that Russia needs guarantees from the…
MOL Group 2018 Results: Highest EBITDA since 2011, up 10%
MOL increased its EBITDA by 10% comfortably beating its upgraded 2018 target as Upstream and Consumer Services continued to significantly…
Gazprom looks to attract $14b for Russia’s biggest gas processing plant
Gazprom is in discussions with banks as it looks to attract in 2020 project financing of US$14 billion for the…
Gazprom, Georgia plan to agree on gas transit to Armenia in 14 days — minister
Georgia expects to complete talks on a new deal with Gazprom on the transit of Russian gas to Armenia within…
Trans Adriatic Pipeline completes €3.9bn project financing, €1bn from EBRD
The Trans Adriatic Pipeline (TAP) is announcing financial close today, with €3.9 billion secured from public and private lenders. The…