oil

Ninety percent of oil and gas executives agree that investments in technology and workforce are essential to surviving current market conditions, according to a new EY survey: Oil and Gas Digital Transformation and the Workforce Survey…

Turkey's President Recep Tayyip Erdoğan  has announced on Friday that his country had discovered 320 billion cubic meters of natural gas in the Black Sea’s Tuna-1 zone, "the largest natural gas reserve" in the country's history. The oils…

Interior Minister Marcel Vela has announced a new military ordinance on Thursday evening, the eighth, with further restrictions to come in force within the curfew in place in Romania due to the COVID-19 pandemic. Therefore, the new…

Romanian authorities are entitled to deny, due to national security reasons, any drilling operations on oil and gas deposits in the Black Sea by legal entities controlled by non-EU countries, reads a draft emergency ordinance amending the…

Total energy resources available in 2018 stood at about the same level with those of 2017; compared to previous year, the primary energy production decreased by 1.7%, while imports of energy resources increased by 4.2%, gross inland…

MOL Group announced its financial results for the third quarter of 2019. Despite a weaker macro environment and much lower oil and gas prices, strong Q3 EBITDA allows MOL Group to raise 2019 full year guidance to „around USD 2.4 bn” from…

While on a tour in the USA, Romanian PM Viorica Dancila was supposed to meet U.S. Vice-President Mike Pence on Wednesday, but the American official has cancelled the meeting at the last moment. At the same time, in a meeting the Romanian…

Energy Ministry has launched to public debate a draft law to radically amend the Offshore Law, which is regulating the investments in gas&oil deposits in the Black Sea. The amendments are set to cut many of the tax barriers…

In H1, retail diesel sales of MOL Romania increased by 3.1%, reaching a level of 262kt. Retail gasoline sales registered a very slight decrease of 1.3%, reaching a level of  77kt, in the same period of time, according to the MOL Group…

Petrol price is dependent on many different factors such as crude oil prices on the international markets, taxes or margins established by gas stations’ owners. The value of 1 litre of petrol at the retail point of sale may change…