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Romania's OMV Petrom starts 30 mln euro new offshore drilling campaign
Romania's top oil and gas group OMV Petrom said on Monday it has started a 30 million euro ($34 million) new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea.
read more... 04/07/2019
Russia's Gazprom signs 5-year contract with Turkmenistan for natural gas
Russian state gas producer Gazprom has signed a 5-year contract with Turkmengaz turkenfor natural gas purchases, the Russian gas producer said on Wednesday.
read more... 04/07/2019
Yamal LNG H1 2019 production hits 9 million tons
Russia’s largest independent natural gas producer Novatek said that Yamal LNG has produced 9.0 million tons of LNG and 0.6 million tons of stable gas condensate in the first half of 2019.
read more... 03/07/2019
Daily (02.07.2019): NBP spot spiked by 11% on Monday, due to outages at Norwegian gas infrastructures
Crude oil prices diverged on Monday. WTI futures inched up by 1.1% to $59.09 a barrel, following OPEC’s decision to extend its output cuts by another nine months until March 2020. Prices were also supported by the easing of trade tensions between U.S. and China, as their presidents agreed not to impose further tariffs on U.S. and Chinese goods. However, Brent crude settled 2.2% lower at $65.06 a barrel, due to persistent demand worries stoked by the slowing global economy and surging U.S. crude production.
read more... 02/07/2019
Romanian companies will pay higher prices for natural gas
The price of domestic natural gas traded on the local exchange in May averaged RON 101.2 (EUR 42) per MWh, a historical record for Romanian gas, according to data from the Romanian Commodities Exchange consulted by Agerpres.
read more... 02/07/2019