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Black Sea Oil & Gas gets Romania gas project permit but frets over new taxes
Romanian-based Black Sea Oil & Gas received a construction permit from the country’s energy ministry on Friday for an offshore gas project, but it said new taxes could make it hard to go ahead with the development.
read more... 05/02/2019
Daily (30.01.2019): Oil prices climbed back on Tuesday following U.S sanctions on Venezuela
An upward trend was noticed in the oil markets on Tuesday, as U.S. sanctions on state-owned Venezuelan oil company PDVSA could influence global supply. On the other side, concerns over global economy might still put a lid on prices. Brent crude rose by 2.3% to 61.32 USD/bbl, while WTI crude was up by 2.5% settling at 53.31 USD/bbl.
read more... 30/01/2019
French oil giant launches biggest exploration for oil in years
French oil giant Total is launching its biggest exploration campaign for years as the company sets its sights areas known to contain commercial levels of oil or gas.
read more... 30/01/2019
Romania’s Transgaz gets EUR 138 mln loans from EIB for key pipeline projects
Romania’s natural gas transport company Transgaz announced on January 25 that it sealed the documents for a EUR 100 million loan from the European Investment Bank (EIB) for bringing Black Sea offshore gas to the BRUA (Bulgaria-Romania-Hungary-Austria) pipeline and the national gas system.
read more... 29/01/2019
Daily (25.01.2019): Energy markets seen in a bearish trend on Thursday
Thursday saw a mixed evolution in oil prices. Continuous concerns over global economic slowdown and the unexpected rise in U.S. crude inventories weighed slightly on Brent spot, which ended down at $61.09 a barrel. However, WTI futures rose by 1% to $53.13 a barrel, supported by OPEC-led output cuts and U.S. threats to impose sanctions on OPEC member Venezuela.
read more... 25/01/2019