- Oil & Gas
Halliburton intends to acquire Russia’s Novomet
Halliburton announced on December 23, 2016, that it has made a filing with the Federal Antimonopoly Service of Russia (FAS)…
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USD 136 BN mergers and acquisitions worldwide in the upstream sector
The oil prices upturn, the prospects of keeping the upward trend in terms of global demand and especially the OPEC…
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The agreement in Vienna
The Organization of Petroleum Exporting Countries (OPEC) and a number of oil producing countries outside the cartel reached at the…
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Oil revival: Donald Trump’s energy promises
The outcome of US elections in November 2016 was a surprise for many analysts and the echoes have not ceased…
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Gazprom and OMV signed binding Basic Agreement on asset swap
Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the OMV Executive Board, signed on 14…
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Claren Energy started drilling the Bobocu 310 side-track well
Claren Energy Corp. announced that drilling operations have commenced on the Bobocu 310 side-track well (B310-ST1). B310-ST1 is being drilled…
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SOCAR’s second filling station in Bucharest
SOCAR has inaugurated, on March 16th, a second gas station in Bucharest, coming up to 33 filling stations in Romania.…
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Transgaz – GRTgaz Memorandum of Cooperation
Under the patronage of the French Embassy in Bucharest, Transgaz SA Romania and GRTgaz France signed, on May 25 in…
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OMV Petrom, lower investments in 2016
The Ordinary General Meeting of Shareholders approved the Executive Board proposal not to distribute dividends for the financial year 2015.…
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Growing sales for MOL Romania
MOL service station network in Romania included 206 stations end-March, after the acquisition completed last year and investment in new…
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CEFC and KazMunayGas to build a long term strategic partnership
China CEFC Energy Company Limited and JSC NC “KazMunayGas” (KMG) have signed recently transaction documents to establish a joint venture…
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Rompetrol Rafinare, historical record in the last 11 years
Rompetrol Rafinare, company member of KMG International Group, registered a net consolidated result amounting to USD 62 million in 2015,…
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International Association of Oil & Gas Producers elect new Chair
The International Association of Oil & Gas Producers (IOGP) has a new Chair. She is Monika Hausenblas, Royal Dutch Shell’s…
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Gazprom, DEPA and Edison sign Memorandum of Understanding
Alexey Miller, Chairman of the Gazprom Management Committee, Marc Benayoun, CEO of Edison SpA, and Theodoros Kitsakos, CEO of DEPA…
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Repsol sells its wind energy business
After cutting investments by 20 percent, Spanish energy company Repsol said it was selling its entire British wind energy business…
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European Commission approved Greece-Azerbaijan gas pipeline deal
The Trans Adriatic Pipeline AG (TAP) recently received confirmation that the European Commission granted state aid clearance for the Host…
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John Crane acquires XPD8 Solutions
Strengthening its aftermarket customer service offering, John Crane, a division of the global technology company Smiths Group, has signed an…
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GE reaffirms commitment to Russian market
GE reaffirmed its commitment to the company’s growth plans in Russia by announcing a USD1 billion sourcing program and signing…
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Gazprom to increase the company’s share in the global gas market
The Gazprom Board of Directors approved an updated list of measures aimed at increasing the company’s share in the global…
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Surprising developments in the oil and gas sector listed on Bucharest Stock Exchange
The complex developments on the international oil market have led to dramatic changes in the structure of financial results of…
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