OMV improved the estimates for 2030; becoming a leader in the energy transition, a priority
The Austrian group OMV, the majority shareholder of OMV Petrom, announced on Thursday that it has revised upwards its estimates…
IEA: Oil demand has peaked, there is a major surplus
World oil markets are facing a “major” surplus this decade because the abandonment of fossil fuels leads to a flattening…
Six practical examples of using artificial intelligence with Procesio
Procesio, founded by Mihai Dârzan, is expanding into new markets after creating an automation technology used by more than 6,000…
OMV Petrom injects 750 mln. euro in Petrobrazi’s sustainable fuels production
OMV Petrom, the largest integrated energy producer in Southeast Europe, will invest around 750 million euros in Petrobrazi to transform…
JT Grup Oil gets 20 mln. lei through its IPO
JT Grup Oil, a company active in the fuel distribution market and the sole shareholder of JT Terminal, the newest…
We launched the 43rd edition of the Energynomics Magazine!
Issue 43 of Energynomics Magazine was launched on Monday June 10, during the “Energy Strategy Summit 2024”, and it will…
Europe remains dependent on gas imports in a market with volatile prices
Dependence on energy imports in Europe has not undergone significant changes in recent years, with Europe remaining heavily dependent on…
It’s official: JT Grup Oil’s IPO attracted 23 mln. lei in the first subscription days
During the first five days at 16% discount, the IPO of JT Grup Oil, the developer of the most modern…
The primary offer of JT Grup Oil, subscribed in a one third ratio
The market operation initiated by JT Grup Oil collected subscriptions worth 23 million lei until the last day when it…
Transgaz builds the supply pipeline of the Mintia plant, an investment of 60 mln. euro
The Minister of Energy, Sebastian Burduja and the General Director of Transgaz, Ion Sterian, signed a financing contract for the…
OMV Petrom completes the acquisition of Renovatio Asset Management
OMV Petrom, the largest integrated energy producer in Southeast Europe, has completed the acquisition of Renovatio Asset Management, the owner…
OPEC extends the period of oil production reduction until 2025
OPEC+ agreed on Sunday to extend most of the big oil output cuts to 2024 but begin phasing them out…
Budget of 362 mln. euro for gas production of energy in the thermal sector
The guide related to the state aid scheme which finances with almost 362 million euros the development of gas production…
Impact of NZIA on the Romanian oil and gas industry: Market interventions and CO2 injection obligations
The Oil and Gas Employers’ Federation (FPPG) notes the adoption, this week, of the Net Zero Industry Act (NZIA) by…
Romgaz will launch a first issue of international bonds, worth 500 mln. euro, in July
Romgaz’s first international bond issue, worth 500 million euro, is scheduled for mid-July, said the company’s general manager, Răzvan Popescu.…
Rompetrol Rafinare invests 16 mln. USD in new reactors for Petromidia refinery
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of…
Dărăban: There are problems in the settlement from the Transition Fund
We have a problem in the way the financial sources are secured at the Transitional Fund from which the payments…
Szijjarto: Hungary and Bulgaria collaborate in the fields of natural gas and nuclear energy
Hungary and Bulgaria have a close alliance regarding the security of natural gas supply and the use of nuclear energy,…
Maximescu: Neptun Deep is waiting for the environmental impact assessment and construction authorization
The Neptun Deep project is in the stage of obtaining the environmental impact assessment and we hope that, by the…
Faist Mekatronic plans to build a green aluminium smelter
Faist Mekatronic plans to build a smelter for green aluminium, but its price, being 1 euro per kilogram higher than…
Bulgartransgaz picks two consortia for Vertical Gas Corridor expansion
Bulgarian state-owned gas transmission operator Bulgartransgaz said that it selected two consortia in a 586.7 million levs ($325.3 million/300 million…
Gazprom will not pay dividends, last year it recorded its first losses since 1999
The Moscow Government has instructed Gazprom not to pay dividends for 2023, according to a decree published on the state…
OMV Petrom: Investment of 23 mln. euro in the largest crude oil storage tank in Romania
OMV Petrom put into operation the largest crude oil tank in Romania, on the platform of the Petrobrazi refinery. The…