With Ukraine’s seaports blockaded or captured by Russian forces, neighboring Romania’s Black Sea port of Constanta has emerged as a main conduit for the war-torn country’s grain exports amid a Continue Reading
Europe’s upstream segment has two main challenges – environment-related long-term objectives that gradually narrow down oil companies’ maneuvering ability in terms of where/what they can drill and deficit-ridden governments trying Continue Reading
Romania’s economy ministry will sign cooperation and financing agreements with the United States on Friday regarding the construction of two nuclear reactors at its plant on the river Danube, U.S. Continue Reading
Romania became the first country to cut off grain exports during the coronavirus pandemic, a dramatic move that could fan worries about the global food supply. The government passed a decree Continue Reading
Meanwhile, Romania, long in the shadow of European majors despite being the EU’s third-largest gas producer, is poised to step up the game and ramp up its gas output as Continue Reading
PUNGESTI, Romania — Vlasa Mircia, the mayor of this destitute village in eastern Romania , thought he had struck it rich when the American energy giant Chevron showed up here last year and leased a plot of land he owned for exploratory shale gas drilling. But the encounter between big business and rural Romania quickly turned into a nightmare. The village became a magnet for activists from across the country opposed to hydraulic fracturing, or fracking. Violent clashes broke out between the police and protesters. The mayor, one of the few locals who sided openly with Chevron, was run out of town, reviled as a corrupt sellout in what activists presented as a David versus Goliath struggle between impoverished farmers and corporate America. “I was really shocked,” recalled the mayor, who is now back at his office on Pungesti’s main, in fact only, street. “We never had protesters here […]
