ADX Energy – forced by the coronavirus to postpone the evaluation of a probe in Romania
The Australian company ADX Energy, which owns 50% of the Parța hydrocarbon concession in Timiș County, had to postpone the…
We released the 27th issue of the Energynomics Magazine – once again fully accessible online!
The 27th edition of Energynomics Magazine was launched on Thursday, July 23rd; it is fully and freely accessible like all the other…
Romanian renewable industry demands a revision of the agricultural land law
The proposed amendments in the field of legislation with an impact on agricultural land sales do not take into account…
Romanian consumers will have to pay starting next year for the BRUA pipeline
Gas transmission tariffs will increase next year, after the BRUA pipeline will be put into use, as there are no…
Oil companies are calling for a review of the law on the sale of agricultural land
The Romanian Association of Oil Exploration and Production Companies (ROPEPCA) considers that the law that modifies the conditions of sale…
Oscar Downstream turnover increases by 12% in 2019
Oscar Downstream, the largest independent player in the oil market, controlled by Alin Niculae, recorded a turnover of 2.9 billion…
S. Birrell: We need free markets, digitization, less bureaucracy
Romania is one of the four biggest hydrocarbon-producing countries in Europe, said Stephen Birrell, President of ROPEPCA, at the Energy…
Transgaz opens a 300 mln. lei credit line at Banca Transilvania
Bogdan Tudorache Transgaz signed a new credit agreement with bank guarantees with Banca Transilvania on Thursday. The 300 million lei…
Gazprom reports first quarterly post-2015 losses due to falling gas demand in Europe
Gazprom, the world’s largest natural gas producer, reported substantial losses for the first quarter of this year on Tuesday, as…
Large oil companies have set their first targets for reducing emissions
The world’s largest oil companies, including Saudi Aramco, CNPC and Exxon Mobil, have set targets for the first time to…
Popescu: For the moment we do not have a political consensus in the Parliament to amend the Offshore Law
Parliamentary political parties haven’t so far reach to a consensus to amend the Offshore Law and for Black Sea investors…
Minister of Economy: I moved to Electrica and now I pay a 15% lower bill
The Minister of Economy, Energy and Business Environment, Virgil Popescu, stated that he changed his traditional gas supplier three weeks…
MOL has made a gas and condensate discovery in the TAL Block, Pakistan
MOL, as the operator of TAL Block in Pakistan, has made a new gas and condensate discovery. This marks the company’s 13th…
Masahiro Ogata, Energy Strategy Summit: Kawasaki can support the transition from coal to gas and hydrogen
Kawasaki offers gas-based equipment solutions for the local market, but they can be easily transformed to operate on hydrogen, said…
Just Transition fund to exclude nuclear – some hopes for gas yet
On Monday 6 July, the EU Parliament’s Regional Development Committee approved the establishment of the Just Transition Fund (JTF) with…
Răzvan Giuca – Vice President of the Black Sea Offshore Petroleum Regulatory Authority
Răzvan Giuca has been appointed Vice President of the Competent Authority for the Regulation of Offshore Oil Operations on the…
LIBERALIZATION: Competitive prices and special benefits from Tinmar Energy
The liberalization of the natural gas market, starting with July 1, offers household consumers the chance to opt for the…
PwC: Digitalization would increase oil and gas companies’ revenues by 10% and reduce operating costs by 8.5% over the next five years
Oil and gas companies estimate that the implementation of digital solutions will bring them an average increase of 10% in…
Popescu: Romgaz must to be part of the consortium that will start exploiting gas in the Black Sea
The Minister of Economy, Energy and Business Environment, Virgil Popescu, said that he wants Romgaz to be part of the…
Manuela Stan Olteanu, new Chairman of the Board of Directors of Romgaz
Romgaz’s Board of Directors decided on Wednesday to appoint Manuela Petronela Stan Olteanu as chairman of the board, according to…
Verchere, Energy Strategy Summit: Black Sea Gas is a huge opportunity, but it won’t be forever
Black Sea gas is a huge opportunity for Romania, but it will not be forever, and at the moment, the…
EU ministers exclude nuclear, fossil gas from green transition fund
European Union countries agreed that the bloc’s flagship fund to wean regions off fossil fuels should not finance nuclear or…
Bege, Energy Strategy Summit: Liberalization of gas and electricity markets will have beneficial effects on household consumers and attract investors
The liberalization of the Romanian gas market, on July 1, 2020, and of the electricity market, from January 1, 2021,…