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Oil & Gas
The latest oil and gas industry and company news and analysis from FriedlNews
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Russia: Gazprom Runs the Risk of Losing Market Shares
According to the newspaper “RBC Daily”, Gazprom stands to lose a further market share for gas supply as German energy enterprises are prompting the government to start producing shale gas.
March 19, 2013
Russia: Battle Between Rosneft And Gasprom Starts
The fight between Russia’s two biggest energy providers Rosneft and Gasprom has started. Rosneft tries to snatch away large deposits of raw oil and reports Gasprom to the government.
March 12, 2013
Russia: Rosneft Takes over TNK-BP
The EU Commission has approved of the fusion of TNK-BP and Rosneft. According to the commission, Rosneft will still have business competition.
March 11, 2013
Lithuania: Exports Decreased by 7.6 % in January
Foreign trade in January 2013 decreased. Major losses in Agricultural sector.
March 8, 2013
Austria: Increase Of Foreign Trade
Even with the economy crisis, the percentage of foreign business expands.
March 8, 2013
EVN Suffers from Business in Bulgaria
In the first quarter of its business year 2012/13, the Austrian energy group recorded a decrease in net income. Outlook 2012/13: results from operating activities and Group net profit are expected to be below the prior-year level
February 28, 2013
CEZ: Czech Republic Calls Brussels for Help
After the Czech energy group CEZ has lost its license in Bulgaria, the Czech government wants Brussels to put pressure on Sofia.
February 25, 2013
Bulgaria: Protests Continue in Sofia and Varna
Bulgarian political decisions are afflicted by extreme unpopularity as almost 60 % of the population suffers from immediate poverty. Riots continue in Sofia and Varna.
February 24, 2013
OMV and Repsol Searching for Oil in Romania.
Petrom, the Romanian subsidiary of OMV and the Spanish Repsol Group have agreed on a joint venture in Romania. Investments estimated at approximately EUR 50 mn in the next two years.
February 23, 2013
OMV Sells Its Marketing Subsidiary in Croatia
With this transaction OMV Refining and Marketing has completed the next step in implementing the defined divestment program.
February 1, 2013
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