Audi prepares the transit to e-cars: will invest 10 billion euro
Audi aims to cut costs by 10 billion euros ($12 billion) by 2022 to help fund a shift to electric…
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Shell sees oil demand peaking by late 2020s as electric car sales grow
The world’s oil consumption could peak as early as the end of the next decade as electric vehicles become more…
Germany, steering clear of diesel bans, plans city transport fund
Germany’s transport minister announced plans on Thursday for a fund to help cities modernize their transport systems and reduce pollution,…
Romania approves China Energy bouyout of Rompetrol
KMG International Group (KMGI) announces the recent decisions of the Romanian authorities approving the transaction signed at the end of…
BRUA goes ahead: ANRE to approve the Open Season Rulebook for the capacities related to the Romania–Hungary segment
The Regulatory Committee of the National Energy Regulatory Authority (ANRE) will approve on Friday the proposal to start the tender…
OMV, Exxon and Austria – main losers of BRUA deviation, according to ICIS
While watching Hungarian authorities offering Gazprom a new deal on a platter, Americans of Exxon, that exploit new Black Sea…
OPEC moves to cap Nigerian oil output, boost compliance
OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts…
EU court reinstates Gazprom’s extra access to German Opal natural gas link
Russia’s Gazprom will soon be able to bid for up to 12.8 Bcm/year of extra capacity in Germany’s 36.5 Bcm/year…
EC and Transgaz announce that BRUA will not be affected by Hungary’s blockage
Following Hungary’s decision not to participate in the construction of the BRUA gas pipeline, the Romanian national operator Transgaz announced…
Bogdan Chiritoiu: 2017 – the most intense year for Competition Council
The Competition Council has the most intense activity this year, both in terms of the carried out investigations and those…
Rompetrol Rafinare announces new multi-million USD contracts with KazMunayGas
Rompetrol Rafinare (RRC) announced the conclusion of new contracts. Thus, RRC acquired from KazMunayGas Trading AG (parent company’s subsidiary) oil…
MOL, Evonik and thyssenkrupp are investing in a new project worth more than 1 billion euro: Poliol
Half a year after the announcement of the 2030 strategy, MOL Group has reached an important milestone in its industrial…
Romania, Bulgaria, Greece and Hungary promise to work for the Vertical Gas Corridor
Transgaz, a company controlled by the Ministry of Economy, signed on Wednesday the memorandum regarding the Vertical Gas Corridor that…
OMV Petrom invests 60 million euro in Petrobrazi’s new poly-fuel unit
OMV Petrom has started works on the new Petrobrazi refinery’s poly-fuel unit. The new unit will allow conversion of LPG…
Gazprom exported 22% more gas to Turkey until mid-July
Russia’s Gazprom exported 22 percent more gas to Turkey on January 1-July 15, the energy giant said Tuesday. During that…
Gazprom seen a 19% increase in gas output since the beginning of the year
Gazprom has increased gas production since the start of the year by 18.8 percent to 248.8 billion cubic meters, in…
