EU reaches a degree of filling of gas deposits of 90%, Romania exceeds 80%
The European Union’s gas storages are 90% full, reaching this level two months before the set date, which guarantees the…
Transgaz announces a 2.5 bigger profit for H1
SNTGN Transgaz posted a 249% bigger net profit after the first half of this year (H1), compared to the…
AEI: The natural gas price will increase, from April 2025 will also be felt in bills
Stock market developments show trends of gas price increases, which will translate into price increases for the final consumer, says…
Rompetrol Rafinare reports a declining net result in the first half of 2024
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), recorded, in the first half of 2024, a gross…
Oil Terminal posts a net profit of 36 mln. lei, up 42% in H1
Oil Terminal recorded a net profit of 36.2 million lei in the first half of 2024 (H1), 42% higher than…
OPEC revises its 2024 oil demand forecasts
The Organization of the Petroleum Exporting Countries (OPEC) revised its forecast for global oil demand growth in 2024, citing weaker-than-expected…
MOL Group posted a 19% increase in profit in S1, to USD 916 mln.
The MOL Group recorded, in the first half of this year (S1), a pre-tax profit of 916 million dollars, up…
European gas prices rise amid fears about developments in Kursk
Reference prices of natural gas on the European market rose on Thursday to the highest level since December, due to…
OSCAR Downstream: First mobile payment app in the Romanian B2B fuel distribution market
OSCAR Downstream, the largest Romanian independent fuel distribution company, launches for the first time for B2B customers in Romania the…
JT Grup Oil debuts on the AeRO market of the Bucharest Stock Exchange
JT Grup Oil, a company active in the fuel distribution market and the developer of the newest private terminal for…
Romania and Serbia, closer to the construction of the gas interconnector
Romania and Serbia strengthen energy cooperation by signing the Memorandum of Understanding regarding the gas interconnector construction project, the Ministry…
JT Grup Oil inaugurates the 130 mln. lei terminal in Constanța, has major investment plans
Jean Paul Tucan and Bogdan Aldea, founders of JT Grup Oil, together with Steluța Lebidov, CFO and Sorin Valeriu Naș,…
Transgaz gets a syndicated loan of about 1.9 bln. lei
Transgaz, the operator of the national natural gas transportation system, signed a syndicated loan contract in the total amount of…
Rompetrol Traineeship program reaches its 24th edition
KMG International (Rompetrol) launched the training program dedicated to technical students and graduates, a tradition of over 20 years through…
Verchere: Neptun Deep stays on course, 2024 will see a total Capex of 8 bln. lei
OMV Petrom entered its most intensive investment period in its hystory and the overall Capex will reach this year about…
Neel: Romania will reach 90% gas storage capacity by the end of the summer season
Romania will reach 90% gas storage capacity by the end of the summer season, and this will help prepare for…
OMV Petrom reported 178% higher net profit in H1
OMV Petrom closed the first half of this year (H1) with a net profit of almost 2.63 billion lei, up…
Romgaz hydrocarbon production increased in H1 by 4.6%
Romgaz recorded in the first half of this year (H1) a total production of hydrocarbons of 16.12 million barrels of…
ANRE launches a draft order that eliminates the need for special authorization for hydrogen installations
The energy regulatory authority ANRE launched in public debate a new “Draft Order for the approval of the Regulation for…
Bulgaria collects 111 mln. euro in windfall tax from energy firms in 2023
In 2023, Bulgaria collected 217 million BGN (about 111 million euro) from a windfall tax on firms in the oil,…
INS: Romania’s crude oil production fell by 3.8% in the first 5 months
Romania produced, in the first five months of 2024, a quantity of crude oil of over 1.132 million tonnes of…
Lukoil stops supplying oil to Hungary after Ukraine tightened sanctions
Hungary and Russia are looking for a solution so that the Russian oil group Lukoil PJSC can resume oil deliveries…
Rompetrol Rafinare completes a new investment worth USD 13 mln.
Rompetrol Rafinare, a KMG International Group (Rompetrol) member company, has recently finalized modernizing the Delayed Coking Unit (Cx) of the…