Serinus Energy’s “shackles are off”, the company’s CEO Jeffrey Auld has said, with a newfound focus on generating cash and modest drilling plans.
European funding could allow the Republic of Moldova is to be connected to neighbouring Romania’s power grid in a bid to diversify its electricity supply.
Bulgaria and Romania have opened a new natural gas pipeline as part of the region's effort to reduce dependence on Russian gas.
A Romanian engineer who was kidnapped in Nigeria on Monday has been freed.
This incredible timelapse footage shows the Ocean Endeavour as its moved into place in waters offshore Romania.
Romanian prosecutors have indicted Russia's Petrotel Lukoil refinery in Romania and its director-general, who is a Russian citizen, in a 2 billion euro criminal probe, prosecutors said in a statement on Monday.
Romanian prosecutors seized assets of Russian oil firm Lukoil worth up to 2 billion euros ($2.22 billion) in an investigation on suspicion of money laundering, a local court was quoted as saying on Wednesday by state agency Agerpres. In October of last year Romanian prosecutors, police and customs inspectors raided the offices of Lukoil near the city of Ploiesti in an investigation into alleged tax evasion and money laundering concerning an estimated 230 million euros. As a result, Lukoil briefly shut down its local refinery.