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OIL & GAS
Romania: Petrobrazi Refinery resumes operations after turnaround
Petrobrazi Refinery turnaround lasted 6 weeks and required approximately 2 million of worked man- hours…
Romania: Gas prices to grow significantly in the winter due to oil quotations
The gas price on the Romanian market, both domestic and imported, will increase significantly in the following…
Romania: Regional hub for energy security, at a time when energy policies are…
The National Energy System is sound and viable, and Romania has what it takes to be an energy exporter, says the…
Europe: Eleven companies show interest to transportation of gas from Romania to…
Some 11 gas trading companies have shown their interest to transportation of gas from Romania to Ukraine using the…
Romania, Energy Minister Anton: We will achieve in due time the obligations…
Romania will achieve in due time its obligations in the BRUA project as this pipeline will be an important part of…
World: Oil prices keep going up. Brent close to $80
Brent crude oil futures reached $79.40 per barrel on Thursday, the highest since November 2014, as supplies…
Europe: Nord Stream 2 Starts Offshore Preparatory Pipelay Works in Germany
Nord Stream 2 AG today started the offshore preparatory works for the subsequent pipelaying in the Bay of…
Romania: Romgaz reported RON501.2M net profit in Q1 2018
Romania's largest natural gas producer, Romgaz SA, reported a 10.64% decline in the net profit compared to Q1 2017,…
Romania: Energy and gas distribution networks need EUR 10 bln investments
The electricity and gas distribution networks in Romania need investments of over EUR 10 billion, on the long term,…
World: Turkish Energy Minister: TANAP will be operational on June 12
The Trans-Anatolian Natural Gas Pipeline (TANAP) project will enter into service as of June 12, according to the…
Romania: ANRE fined Transgaz, OMV Petrom, Engie şi E.on for natural gas imbalances…
At the end of February this year, ANRE was notified of a state of imbalance in the operation of the natural gas…
World: Oil prices rose more than 3 percent after U.S. quits Iran deal
Oil prices reached 2014 highs, after U.S. President Trump abandoned a nuclear deal with Iran and announced the…
Romania: Investments in Black Sea oil and gas sector will bring over 26 billion…
Investments in the Black Sea oil and gas sector will generate revenues of over 26 billion USD to the state budget…
Mediterranean region boosts gas infrastructure
MEDREG, the Association of Mediterranean Energy Regulators, has released a new report on Gas Infrastructure Map of…
Europe: MOL Group Q1 2018: Strong start to the year
MOL Group delivered CCS EBITDA of USD 625 mn, a 2% increase year-on-year Strong growth in Upstream and…
Cooperation between DEPA, BEH and GASTRADE for the LNG Terminal in Alexandroupolis
In the context of the trilateral meeting between DEPA S.A., the Bulgarian Energy Holding EAD (BEH) and GASTRADE…
OMV Petrom Group: results for January – March 2018
Highlights Q1/18 Clean CCS Operating Result at RON 958 mn, up 25% yoy EPS at RON 0.0151, 38% higher yoy…
Romania: KMG extends USD 360 mln loan facility
KMG International Group (KMGI), the owner of Romania’s largest oil refinery – Petromidia, has amended and extended…