An Oil Terminal shareholder is requesting an extension of the talks on the capital increase
Oil Terminal (OIL) received the request of Dumitrescu Valentin Sebastian, a shareholder holding 16.73% of the company’s shares, to complete…
Rompetrol Rafinare states that it is the owner of the contaminated land from Vadu, but not the source of the pollution
Rompetrol Rafinare is the owner of the land in Vadu affected by hydrocarbon pollution, but not the source of contamination,…
Delgaz Grid operators will continue to be in the field, public activities are carried out exclusively online and by phone
Delgaz Grid teams will be on the ground to provide natural gas and electricity to the over 3 million customers,…
Romgaz will invest 16.7 billion lei over the next five years
Romgaz shares are on an upward trend, after the company published the Development and Investment Strategy for the period 2020-2025,…
Bulgaria plans state company to manage fuel storage and trade
Bulgaria plans to set up a state-owned company to manage oil and fuel reserves and build petrol filling stations across…
MOL Romania supports the Partnership Foundation with 100,000 euro
MOL Romania supports the efforts to combat the new coronavirus made by the Partnership Foundation by granting 100,000 euro for…
EC: Public consultation on the trans-European energy infrastructure
The European Commission has launched on May 18th a public consultation to seek input on the revision of the Regulation…
Romgaz’s turnover decreased by 16.5% in Q1, profit increased
The Romgaz Group registered in the first quarter of 2020 (Q1) a turnover of 1,430.3 million lei, decreasing by 16.51%,…
Gas imports fell by 6.2% in the first quarter of 2020, and production decreased by 3%
Romania imported, in the first three months of 2020, a quantity of usable natural gas of 629,600 tons of oil…
Vlăsceanu, ACUE: The liberalization of the gas market will bring with it a diversification of the suppliers’ offer
The liberalization of the gas market from 1 July is joined by the obligation for the producers to sell as…
Rompetrol Rafinare, financial results influenced by the volatility in the oil and gas market, in Q1
The first quarter (Q1) of 2020 was marked by sharp declines in the oil and gas market, driven by restrictive…
OMV Petrom and Romgaz, forced to sell 30% of the domestic production in the centralized markets
OMV Petrom and Romgaz will be obliged to auction for 3 years about 30% of the production in the centralized…
Transgaz profit increased by 5% in Q1
Transgaz’s net profit increased by 5% in the first quarter (Q1) of this year, reaching 201.8 million lei, the reduction…
AEI: 3.4 million Romanians risk having higher gas bills from July 1
Approximately 3.4 million domestic consumers of natural gas have the right to renegotiate by July 1, 2020 the prices they…
Rainer Seele sees hope for oil price recovery in second half
Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by…
OMV Petrom has installed photovoltaic panels in 40 gas stations in Romania
OMV Petrom has installed photovoltaic panels in 33 gas stations in the OMV network and in 7 stations in the…
Romgaz shows zero tolerance for any act of corruption
Bogdan Tudorache Romgaz’s executive management states that it “shows zero tolerance for any act of corruption and will support the…
Negotiation could result in 5 to 20% reductions in the price of natural gas for household consumers
On July 1, the Romanian gas market will be liberalized for the household consumers too, which means they will have…
Decline of 25% of domestic gas production since early April
Domestic gas production continued its sharp decline in early May, falling by about 13% in just a few days, after…
FPPG: Digitalization of the O&G industry is blocked by the legislative framework
Digitalization is inaccessible to oil and gas companies in Romania, without declassifying data and information from the oil industry, says…
Chiriţoiu: In H2 we will carry out new investigations, also in gas distribution
Investigations launched by the Competition Council before the crisis will be resumed and other new investigations will be launched, so…
MOL Group reported an USD 152 mln. net loss in Q1
Today, MOL Group announced its financial results for Q1 2020. Large inventory and foreign exchange losses resulted in MOL reporting…
Transgaz: Romania will have a LNG import terminal on the Black Sea coast
Romania will have over the next 6 years a functional terminal for the import of liquefied natural gas (LNG) on…