Conpet: Turnover grows 1.7%, EBITDA up 3.5% in H1
Bogdan Tudorache Conpet reported an increase in turnover of 1.7%, the net profit increasing by 1.9% in the first half…
ROMATOM: The biggest process equipment, made in Romania on the IMGB platform, for a refinery in Egypt
The Romanian Atomic Forum (ROMATOM) welcomes the achievement of Walter Tosto WTB, ROMATOM member, who manufactured for the first time…
Turkey announces expansion of gas field exploration operations in eastern Mediterranean
Turkey has announced the expansion of its gas field exploration operations in a disputed area in the Eastern Mediterranean, despite…
Orban: I warn the temporary authorities of the Republic of Moldova not to try to politicize the Ungheni-Chisinau gas pipeline
On Friday, the Prime Minister of Romania, Ludovic Orban, warn the Moldovan authorities not to politicize the issue of the…
Rompetrol Rafinare: Declining financial results in H1, due to unprecedented volatility in the oil market
Rompetrol Rafinare, a member company of the KMG International Group, recorded declining financial results in the first half of 2020,…
Romgaz announces a 16% drop in deliveries in H1
The operational and financial performances of the Romgaz Group achieved in the first half of 2020 (S1) remain high, even…
partnerg-i eyes a good opportunity for industrial consumers when contracting natural gas
The gas year begins on October 1 and ends on the same date of the following year, and it consists…
Greece is postponing the tender for the concession of an underground gas storage facility
Greece has postponed by a month the deadline by which investors could bid for the concession of an underground gas…
BSOG begins installing pipeline to shore up gases from Midia Black Sea perimeter
The oil company Black Sea Oil & Gas (BSOG), controlled by the American asset management group Carlyle, the only concessionaire…
Dacian Petroleum buys 40 perimeters from OMV Petrom for almost USD 18 mln
Dacian Petroleum will buy 40 OMV Petrom fields located in the south of Romania and with a cumulative oil and…
OPEC cut its oil demand estimates for 2020
Global oil demand will fall more sharply this year than previously forecast due to the coronavirus pandemic (COVID-19) and there…
Pewete chose Romania in order to create a hub of services for Europe
Pewete Evo Europe SRL appeared on the Romanian well services market in 2018, but the General Manager, George Căpățînă is…
Gas consumers will support the connection of new industrial customers to the grid
Gas consumers will bear the costs of connection to the grid of the industrial players with projects smaller than 2.5…
EC approved the acquisition of Borealis by OMV
The European Commission has approved, according to EU merger regulations, the acquisition of plastics producer Borealis AG by OMV Aktiengesellschaft…
PKN Orlen is seeking EC approval for the merger with gas company PGNiG
Poland’s largest refinery, PKN Orlen, will try to get European Commission approval this year for the planned takeover of gas…
KMG launches a campaign to support KMG, SMURD, Rompetrol at national level
KMG International is launching a campaign to support blood donation at national level, between August 10 and October 10, in…
Energy efficiency solutions for industrial consumers
On July 30, Energynomics organized the ONLINE conference dedicated to energy efficiency solutions for industrial consumers. The six guest speakers…
Environmental NGO sues to stop Nord Stream 2 over methane leakage concerns
The environmental group Environmental Action Germany (DUH) says it is suing to stop the controversial Nord Stream 2 natural gas…
Gazprom to pay 50 mln. euro fine to Poland
The Polish antitrust regulator announced that they are fining Gazprom for refusing to cooperate in a case related to the…
Romania must pay OMV damages worth 287 million lei
The Arbitral Tribunal issued on July 9, 2020 the final decision in the arbitration initiated by OMV Aktiengesellschaft (OMV AG)…
OMV Petrom’s profit fell by 56% in the first half of the year
OMV Petrom’s net profit in the first half of the year was of 867 million lei, down 56% compared to…
OMV intends to issue 1.5 billion euro bonds for the acquisition of Borealis
Austrian energy group OMV AG has announced plans to issue a new bond issue of up to €1.5 billion ($1.8…