petroleum

The Senate plenary has adopted on Monday the offshore draft bill with the amendments proposed on the same day by the PSD and ALDE representatives in the parliamentary committees. The draft law was adopted with 81 votes for, 9 against and…

Foreign Minister, Teodor Melescanu, has said on Saturday that the US Energy Secretary, Rick Perry, asked the Romanian ambassador in Washington DC, George Maior, that the Romanian authorities assure the concordance between the offshore bill…

The shares of gas companies Romgaz and OMV Petrom fell on Thursday on the Bucharest Stock Exchange (BVB) after the Ministry of Finance has put for public debate a draft Government Decision that envisages cutting the gas price to RON 55/MWh…

The transaction between NC KazMunayGas (KMG) and China Energy Company Limited (CEFC) has received the approval of Romanian authorities, KazMunayGas International has informed on Thursday in a press release. According to the source, the…

Romania would have had to pay USD 3.5 billion last year if it had been forced to import the equivalent of domestic oil and gas production, Harald Kraft, president of the Romanian Petroleum Exploration and Production Companies Association…

The government envisages for 2017 a new system of taxation in the oil sector, applicable to all holders of petroleum agreements by distinct taxation of onshore and offshore segments, for exploration and production, the National Convergence…

Bucharest will host the Romania Oil & Gas Summit on March 16-17 at the Radisson Blu Hotel. The organizers informed on Friday that the Black Sea Economic Cooperation Organization (BSEC), the Romanian Black Sea Title Holders…

OPEC decided on Friday not to cut oil production despite the fact that prices have tumbled 40% from a year ago, CNN reports. OPEC has been trying to paint the move as part of a savvy strategy to drive American shale oil producers out of…