MOL Group acquires 16 Lukoil petrol stations and 9 Marché restaurants in Slovakia and Hungary
MOL Group announced the acquisition of 100% of Normbenz Slovakia s.r.o. from Normeston Group Cyprus Limited by Slovnaft (through sale…
Conpet increased oil transportation rates
Transportation rates through the National Transportation System for crude oil, gasoline, condensate and ethane were increased, according to a report…
Lukoil accuses Romanian state of killing competition in fuel market through a centralized auction
An auction that can rise over 4 billion lei through which the state wants to ensure for the first time,…
Lukoil gives up its participation in the Trident perimeter in the Black Sea
Adrian Volintiru, Romgaz’s general manager, told G4Media.ro that Lukoil wants to sell its stake in the EX-30-Trident perimeter in the…
Law limiting the number of fuel distributors and abolishing 1,000 companies – contested at CCR
The controversial law recently voted in the Chamber of Deputies, which limits the number of companies on the fuel distribution…
Bulgaria plans state company to manage fuel storage and trade
Bulgaria plans to set up a state-owned company to manage oil and fuel reserves and build petrol filling stations across…
Lukoil injects over 23 million euro into the Romanian wind business
Lukoil, through a subsidiary registered in the Netherlands, is increasing with over 23 million euro (110 million lei) the share…
Ludovic Orban: BRUA will interconnect with TurkStream, Exxon might stay
The BRUA pipeline will interconnect with Turkstream, a new Russian pipeline, through which Gazprom transports gas to Europe, bypassing Ukraine…
Competition: The reduction of excise duties was fully transmitted in the fuel price
Bogdan Tudorache The reduction of excise duties by 0.32 lei/ liter (including VAT), applied from January 1, 2020, for both…
Cîţu: We do not enjoy Exxon’s decision to leave Romania; this Government came in too late
The liberal (PNL) government came too late for ExxonMobil’s interests, which were already in the starting point, and their decision…
Minister of Energy: I recommend Exxon that the license transfer be made by Government decision
The transfer of the license that ExxonMobil holds for the Neptun Deep perimeter of the Black Sea should be made…
ExxonMobil negotiates with Lukoil and PGNiG to sell the stake in the Neptun Deep perimeter
ExxonMobil officials are negotiating with the Russians from Lukoil and the Polish company PGNiG to sell the 50% stake in…
Saipem extends Romanian drilling works
Italian company Saipem announced an extension of their Romanian drilling contracts, as part of overall new contracts worth an overall…
Frames analysis: Petrom, Lukoil, Engie and Romgaz, among the most powerful companies in Romania
Bogdan Tudorache The top of the most important companies that include Romanian shareholding is headed by OMV Petrom which, through…
Romgaz could apply for European funds through JET Fund, pursues diversification
Bogdan Tudorache The transition to a carbon-free economy was the main topic of discussions that took place on Thursday at…
Lukoil and MOL will sign a US 10 bln. contract
Russian oil group Lukoil will sign a USD 10 billion contract with Hungarian oil group MOL on oil supply, Lukoil…
Green light for Lukoil and Romgaz drilling at the Black Sea
The Competent Authority for Regulating Offshore Petroleum Operations (ACROPO) has given the green light for work start for the Lukoil…
Scarabeo 9 platform will begin drilling in the Black Sea Trident perimeter
The Scarabeo 9 drilling plant starts drilling in the Trident perimeter, explored by Lukoil and Romgaz, a resource perimeter estimated…
GSP signs new deals with OMVPetrom and Lukoil for Black Sea works
On July 29, GSP Offshore and OMV Petrom signed a framework contract to provide integrated offshore services for Istria’s shallow…
Lukoil begins drilling in the Black Sea, with a platform from Saipem
After obtaining the permits, Lukoil, the third investor interested in the Romanian Black Sea gas, will start drilling this autumn,…
Competition launches Fuel Price Monitor, available online, in the App Store and Google Play
The Competition Council launched the “fuel price monitor”, the online platform that allows consumers to find out the prices of…
Russia’s Lukoil says Q1 net profit up 37% y/y, helped by weaker rouble
Russia’s No.2 oil producer Lukoil posted a 37 percent rise in first quarter profit to 149.2 billion roubles ($2.3 billion),…
The Black Sea has a gas potential of over 200 billion cubic meters
The Black Sea has a potential of over 200 billion cubic meters of gas and 60 percent of Romania’s production…