Chamber of Deputies adopted offshore hydrocarbon law – Romania, 10 July 2018

The Romanian Chamber of Deputies adopted the offshore hydrocarbon law, which sets the rules for offshore oil and gas exploitation in the Black Sea. The law imposes progressive taxes on operators for additional incomes from the sale of gas produced in the Black Sea, applied depending on the price of gas. It also provides that […]

Romgaz’ shares value dropped following dividend distribution – Romania, 10 July 2018

The shares of Romanian natural gas producer Romgaz suffered a 14.86 % loss in value as a result of ex-dividend date on 5 July. The ex-dividend date is the first day that the buyers no longer receive dividends, the effect of which is generally being felt through a price correction in the market. On 5 […]

MOL signed 555 million euros revolving credit facility – Hungary, 10 July 2018

Hungarian oil and gas company MOL announced that it has entered into a 555 million euros revolving credit agreement with 15 bank groups. According to the statement from the company, the transaction was coordinated by Erste Group Bank AG and KBC Bank NV, while the London branch of ING Bank NV will act as the […]