The Black Sea has a gas potential of over 200 billion cubic meters
The Black Sea has a potential of over 200 billion cubic meters of gas and 60 percent of Romania’s production…
Petrom could stop the work of the Midia Terminal, due to an environmental sanction
OMV Petrom received a sanction from the National Environmental Guard for the operation of the Midia Terminal Section of the…
Chiriţoiu: Romanian fuel prices are higher, Competition will issue in a few weeks recommendations
Bogdan Tudorache The Competition Council analyzes the fuel sector, where prices are higher than the European average by 2-3%, Bogdan…
Romgaz profit will be nearly 30% lower in 2019
Romgaz (SNG), the largest producer and the main natural gas supplier in Romania, has budgeted revenues of 5 billion lei…
Alina Popa takes over the position of financial director and member of the OMV Petrom executive board
Alina Popa (41) is the new financial director and member of the OMV Petrom directorate since April 17, 2019, when…
Anton: Investments in the Black Sea have been unlocked and will keep unlocking
Bogdan Tudorache Investing in the Black Sea will be carried out after all, says the Energy minister, Anton Anton. He…
Nord Stream 2 could pass through the territorial waters of Denmark
The company that promotes the Nord Stream 2 pipeline has proposed a third possible route for the pipeline to be…
The new Polyfuel unit of Petrobrazi refinery has started production, an EUR 65 mln. investment
OMV Petrom has commissioned the new Polyfuel unit within Petrobrazi refinery, using an innovative technology to convert LPG and low-grade…
ANRM approves termination of contracts with Chevron
The National Agency for Mineral Resources (ANRM) officially approved the termination of concession oil agreements signed in 2011 by the…
MOL group enters into recycled plastic compounding by acquiring Aurora Group
MOL Group announced that it has signed a sales-purchase agreement to acquire Aurora, a recycled plastic compounder with production plants…
Delgaz Grid invests 1.7 mln. lei in the consolidation of Sadoveanu Alley line, Iasi
Delgaz Grid announces the start of the land stabilization works at Breazu transformation station, as well as the stabilization of…
Gas Directive amended: EU rules extended to pipelines to and from third countries
The rules governing the EU’s internal gas market will in future also apply to pipelines to and from third countries.…
New Gas Directive opens the way for a common EU approach on Russian imports
The EU Council agreement on its negotiating mandate under the Romanian Presidency of the EU Council came as a rather…
Ursarescu (ANRM): Refusal to update gas price has damaged the state by 3 billion USD
Keeping the reference price of natural gas by the previous management of the National Agency for Mineral Resources (ANRM) at…
MOL approves USD 376 million dividends
MOL group’s Annual General Meeting accepted dividend payment of HUF 107 bn (USD 376 mn), a significant increase compared to…
Conpet prepares a contract with NIS Petrol
The Conpet National Oil transporter (COTE) concluded a partnership protocol with NIS Petrol SRL Romania for the provision of oil…
Delgaz Grid invests over 7 million lei in detection equipment
Delgaz Grid teams will be equipped this year with 430 detection devices using state-of-the-art technology. Last year, the company acquired…
Black Sea Oil & Gas’ Midia project receives approval from ANRM for the Field Development Plan for the Ana and Doina Gas Fields
Black Sea Oil & Gas – BSOG together with its co-venture partners, Petro Ventures Resources SRL (“Petro Ventures”) and Gas…
The BRUA project could return to its original form, following ACER’s decision
The BRUA pipeline, a strategic project for Romania, could return to its original plan, despite the vehement opposition of Hungary,…
The competition analyzes the takeover of Valt and Marine Sergeant by Vitol Bitumen
The Competition Council analyzes the transaction by which Vitol Bitumen Investments BV in the Netherlands takes over Valt BV, the…
Kawasaki: Ready to contribute to gas transition in power and heat generation
One year after establishing its Romanian Representative Office, Kawasaki Gas Turbine Europe GmbH iterated, this February, its intentions to contribute…
The gas price for the population will not fall
Even if the capping of the sale price of natural gas to the population comes into force at the level…
Petrom’s total hydrocarbons production declined by 5.5% in the first quarter
Petrom’s total hydrocarbon production was 153 thousand boe/ d in the first quarter of this year, compared with 162 thousand…