OIL
91 articole · RSS
Cheap Oil Hurts Suppliers Of Equipment And Services
Oil and gas producers have had to cut investments due to the sudden drop in oil price, which translates into a lower demand for drilling equipment, pipes and drilling services.
Romania Still Holds Oil Reserves Of Above $200B
Romania’s underground still conceals over $200 billion worth of oil, even after 150 years of production, but increased competition, through the emergence of several small players, is needed...
15 Years Wiped Out 10,000 Jobs At Refineries In Romania And Halved Capacity
From 2008 to 2013, Romania lost 10,000 jobs in the refining industry, a period during which oil processing capacity halved as Arpechim and Rafo Onesti, some of the biggest local refineries w...
Five Female Executives Run EUR7.5B Businesses In Energy Sector
“To me, Petrom is more than just a company. It is a passion”. These are the words of Mariana Gheorghe, who became chief executive officer of OMV Petrom (SNP.RO), the only oil and gas produce...
Fuel Gets 7% More Expensive In One Month In Romania
Romanians now pay more than Germans for a fill-up, but earn 5 times less
Weatherford Might Sell One Of Its Companies In Romania
U.S. Weatherford group, an oil and gas industry equipment and service business, might sell one of its companies in Romania, Foserco Targu Ocna, which specializes in onshore drilling.
But For The 7-Cent Excise, The Price Of Gasoline In Romania Would Have Hit A Four-Year Low
Around 58% in the price of one liter of gasoline and 54% of the diesel oil price are going to the state under the form of the excise and VAT. At this moment, gasoline prices reached some 5.2...
Lufkin Plans To Boost Production At Its Ploiesti Plant
The plant US-held Lufkin opened in Ploiesti has been exporting oilfield equipment to various parts of the world from North America to Africa for more than a year now. The plans are to boost...
Cheaper Crude Oil Annuls Excise Duty Hike In Romania
The price of a gasoline liter in Romania reverted to the level of end-March, with the plummeting crude oil prices canceling the increase of fuel excise duty by 0.07 euros per liter introduce...