Browsing Tag

oil

EPC Contractors to come and talk at EPOCH 2019

Exploration and Production Offshore Congress Hub takes place on September 16-17, 2019 in Greece, Thessaloniki. The annual upstream event gathers Oil Companies, EPC and Drilling Contractors, and Governmental bodies. The Congress is host by…

Romania: Conpet applies new transport tariffs for oil

The national transporter of oil Conpet Ploiesti announced new transport tariffs through the National System of Transport for oil, gasoline, ethane so that the tariff grew from 79.75 lei/tonne to 84.37 lei/tonne, a growth of almost 6%.…

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 tightened and demand remained strong. ANZ bank said on Thursday that Brent was “now threatening to break through $80 per barrel…

Using big data to survive current oil price slump

By Vinodkumar Raghothamarao, Director Consulting, Energy Wide Perspectives & Strategy, IHS Markit EMEA Like any other major industry, the oil and gas (O&G) sector is embracing initiatives to help ease its way through the rapid…

Romania: Oil imports, up by 3.8% in 2017

Romania imported last year 7.75 million tons of oil, 3.8% more than in 2016, according to the National Statistics Institute (INS). Meanwhile, Romania’s oil production went down by 4.4% compared to 2016, to 3.42 million tons. According to…

Four changes in the global energy system

The World Energy Outlook 2017 report from the International Energy Agency (IEA) describes four large-scale shifts in the global energy system, as it struggles to deal with the twin pressures of decarbonization and rising energy…

Albania, the new bridge between the Balkans and Italy

by Dr Lorenc Gordani* Albania’s long history of oil production dates back some 2,000 years, when the Romans mined bitumen in the southwest (Apollonia, today the city of Fier) to caulk their ships. The first wells were drilled in the…

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