Oil, gas and coal prices rally as cold winter sets in
Higher demand for oil, natural gas, and coal due to colder than usual winter temperatures in many parts of the…
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Exploration & production
Oil price reaches 11-month high after Saudi Arabia cut production
Oil prices rose to their highest level in February 2020 on Wednesday, after Saudi Arabia agreed to cut production more…
Franck Neel, president of FPPG: The gas producers have been forced again to support the economy
Natural gas is a paramount in reaching the objectives set for the European energy transition to which Romania is a…
OMV Petrom sells production assets in Kazakhstan, will focus on the Black Sea region
OMV Petrom has signed the transaction for the sale of 100% of its stake in Kom-Munai (KOM) and Tasbulat Oil…
Kazakhstan-Romanian Energy Investment Fund, 10 stations and a new concept in 2020
The Kazakh-Romanian Energy Investment Fund completed the construction of a new gas station in 1 Decembrie – Ilfov and reached…
Eximbank USA might co-finance the Neptun Deep project with Romgaz
Virgil Popescu, Minister of Economy, Energy and Business Environment had a working meeting yesterday with a delegation of Eximbank USA,…
Rompetrol continues Georgian expansion
KMG International Group recently opened a new Rompetrol gas station in Georgia, near the tourist resort of Borjomi – famous…
Competition authorized the outsourcing of services by Omv Petrom
Competition Council authorized the transactions through which OMV Petrom SA outsources some general surface operations and services related to the…
MOL completes a new research and development center in Hungary
MOL has inaugurated the new polyol research and development center, named after György Mosonyi, late CEO of MOL, in Százhalombatta,…
Remarkable in the Romanian Oil and Gas industry
At the beginning of 2021, the National Agency for Mineral Resources will amend Order 32/2018 to introduce as reference the…
Changes to the Mining Law – interview with Nicolae Turdean, the president of ANRM
President Klaus Iohannis promulgated the amendments to the Mining Law so that part of each mining royalty due to the…
FSLI Petrol Energie trade unionists picketed one of the GSP group’s HQs on Thursday
Members of the Federation of Free and Independent Petroleum Energy Trade Unions (FSLI) picketed one of the headquarters of the…
Mariusz Kawnik: Brussels is moving fast to getting gas out of the picture
Executive Director of Central Europe Energy Partners – CEEP, Mariusz Kawnik is involved in a number of regional projects and…
Mariciuc, MFE: The transition from coal to gas is not accepted in the EU, although it may seem winning in Romania
The transition from coal to natural gas, although it may seem a winning solution in Romania, is not yet accepted…
Lukoil accuses Romanian state of killing competition in fuel market through a centralized auction
An auction that can rise over 4 billion lei through which the state wants to ensure for the first time,…
Volintiru: Romgaz wants to double its turnover in the next seven years
Romgaz’s strategy envisages multiple investments, leading to a doubling of the company’s turnover in the next seven years, the company’s…
Dan Dragan: There are companies interested to enter offshore gas operations
Dan Dragan, Secretary of State in the Ministry of Energy, says that there are important companies that want to enter…
Transgaz publicly accuses delays in the development of the Vertical Corridor
“I assure you that the BRUA pipeline will operate and transport gas,” said General Manager of Transgaz Ion Sterian at…
Andreas Goldthau: The green race is on and the winners will be those who have the solutions and the intellectual property rights
A focal focus on natural gas infrastructure may put the region at a comparative disadvantage, warns Professor Andreas Goldthau from…
The government works with the Competition Council and the European Commission on the future support scheme for cogeneration
The Romanian natural gas sector could benefit from the construction of new high-efficiency cogeneration units. The Ministry of Economy, Energy…
Popescu: Romgaz can take over Exxon’s stake in Neptun Deep, has a larger financial capacity than Petrom
Romgaz has a larger financial capacity than Petrom and can take over the entire participation of ExxonMobil in the Neptun…
Gal, ANRM: Oil royalties fell by about 21% in the first 9 months
In the first nine months of the year, oil royalties fell by about 21 percent, primarily due to declining oil…
Romgaz reported a net profit of 941 million lei in nine months, down 20%
Romgaz Group registered in the first 9 months of 2020 a turnover of 2.9 billion lei, down by 23.01%, respectively…