Bulgaria: US financiers propose major investment in gas hub
Two American financiers, one of whom has ties to former US President Donald Trump’s campaign, have initiated talks with Bulgarian…
Natural gas prices fall in Europe amid geopolitical tensions
Natural gas benchmarks in Europe fell on Wednesday amid speculation that President Donald Trump would hit Russia’s energy trade if…
OMV Petrom and NewMed Energy sign 80 mln. USD contract for Han-Asparuh drilling vessel
OMV Petrom and NewMed Energy Balkan, a subsidiary of New Med Energy, announce the contract for the vessel to drill…
Delgaz Grid launches three pilot projects in the field of green gases for the first time
Delgaz Grid, part of the E.ON group in Romania, will launch three pilot projects in the coming period, for the…
Gas stations in Bulgaria struggle with dual currency display ahead of euro adoption
From August 8, Bulgarian gas stations are expected to display fuel prices in both leva and euro, as part of…
Nova Power invests in 800 MW of storage and 350 MW of gas-fired power plants
Nova Power & Gas, a Romanian energy company and part of the E-INFRA group, announces the start of the largest…
Europe’s petrochemical industry seeks lifeboat to keep it afloat
Europe’s petrochemical industry is facing a wave of plant closures after years of losses and a rapid increase in global…
Gas distribution network increases 3.7% in 2024
The simple length of the drinking water distribution network was 1.9% higher at the end of last year compared to…
Gas production fell by 1.7% in the first 5 months of 2025; imports increased by 61%
Romania”s usable natural gas production was, in the first five months of 2025, 3.151 million tons of oil equivalent, 54,500…
Arguments for declaring the Caragele Deep deposit a project of national importance (Mihai Melintei, Energy Analytical Studies)
Mihai Melintei, Energy Analytical Studies In the current geopolitical and economic context, marked by regional instability, rising energy prices and…
IEA: Russia’s fuel export revenue fell 14% in June
Russia’s revenue from oil and petroleum products sales fell by almost 14% year-on-year in June to $13.57 billion, the International…
DN AGRAR and BSOG ENERGY sign development contracts for a new biomethane unit
DN AGRAR Group, one of the leading integrated agri-food companies in Romania and the largest producer of cow’s milk in…
Bulgartransgaz: Kardam-Negru Voda interconnection point, reserved 70%
Bulgarian gas transmission operator Bulgartransgaz said on Tuesday that the Kardam-Negru Voda exit point from Bulgaria to Romania has attracted…
MET Group acquires KGE, a German gas storage operator
MET Group, a European energy company headquartered in Switzerland, has acquired 100% of KGE (Kommunale Gasspeichergesellschaft Epe mbH & Co.…
Rompetrol expands in Bulgaria, network reaches 55 stations
Rompetrol Bulgaria, a subsidiary of KMG International Group (Rompetrol) in the region, has recently opened a new fuel station in…
OMV Petrom announces new gas discovery, to invest 5.8 billion lei in E&P
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, announces the discovery of a new natural gas field in…
Transgaz has completed the Danube sub-crossing, part of the Tuzla-Podișor Pipeline
Ion Sterian, Transgaz CEO, announced the completion of the Danube River Undercrossing Project, part of the infrastructure of the DN…
Gov’t to increase fuel excise duties by 10%, VAT to 21% – measures will pressure inflation
The government will decide in the next period, following public consultations, the austerity measures necessary to cover the budget deficit.…
ORLEN to supply Naftogaz 140 mln. cmc of gas within a new contract
Over the next months, ORLEN will supply 140 million cubic metres of natural gas under a new contract with Ukraine’s…
Europe’s Power Paradox: Kristian Ruby on Complexity, Resilience, and the Strategic Case for Electrification
“Five years ago, we were thinking of the green transition in itself as pretty darn challenging,” says Kristian Ruby, Secretary…
Jean Chevallier on XP’s resilient growth and the future of production enhancement
With a 36-year legacy at Schlumberger and a deep understanding of the oilfield services industry, Jean Chevallier brings a unique…
Ember: EU gas demand set to fall by 7% by 2030
Gas demand in the European Union is expected to fall by 7% by 2030 as renewable energy and electrification increase,…
Vega Ploiești Refinery – 25% increase in production in Q1
In the first quarter of 2025, the production level of the Vega Ploiești Refinery was increasing, with a total of…