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…
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Exploration & production
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…
Romgaz could enter foreclosure procedures for not paying dividends to the state
Romgaz estimates that it may enter enter foreclosure procedures by the National Agency for Fiscal Administration (ANAF) for not paying…
Orban: Transgaz has planned investments worth 1.1 bln. euro for this year
Transgaz has investment projects worth 1.1 billion euro for this year, aimed at achieving not only objectives of national interest,…
Lukoil gives up its participation in the Trident perimeter in the Black Sea
Adrian Volintiru, Romgaz’s general manager, told G4Media.ro that Lukoil wants to sell its stake in the EX-30-Trident perimeter in the…
Oil demand will be affected by new restrictions in Europe
New restrictions imposed in Europe to stop the spread of the coronavirus pandemic (COVID-19) will reduce the outlook for global…
Gal, ANRM: Investment needed in Black Sea gas projects, worth USD 6-7 bln
The Black Sea may become a small North Sea, as there are more than 200 billion cubic meters of gas…
MOL Group Q3 EBITDA bounced back despite the crisis
MOL Group announced its financial results for the third quarter of 2020. During the pandemic and economic crises, Clean CCS…
Greenpeace demands the exclusion of fossil fuels from funding
Bogdan Tudorache During this period, the European Parliament is discussing how public money will be used to recover from the…
Drăgan: Exploitation of the Neptun Deep project must begin by 2025
The Romanian government wants gas extraction from the Neptun Deep offshore field to begin by 2025 and is preparing a…
Gas will continue to be an important commodity for the next decades
Globally, and in the EU in particular, there is a very strong push in limitation the use of natural gas…
Mihaela Toader, Romgaz: Technological neutrality must prevail
Romgaz is currently adjusting its investment strategy to take into account the new environmental policies decided in Brussels, said Mihaela…
EC: EU gas production 19% lower in H1 – Romania extracted 10% less
European Union’s gas production fell by 19% in the first half of this year (H1), and the amount extracted in…
V. Popescu: Romanian state could take over 50% of Neptun Deep, via Romgaz
The Romanian state wants to take over, through Romgaz, the 50% participation in the Neptun Deep gas field, currently owned…
Romgaz production increases in Q3, still decline at nine months
Romgaz reported an increase in production in the third quarter of the year (Q3), but for the first nine months,…
OMV Petrom Group posted losses of 41 mln. lei in Q3
OMV Petrom Group posted a loss of 41 million lei in the third quarter of the year (Q3), compared to…
Zeilinger, OMV: Companies with deep pockets are needed to extract gas from the Black Sea
The Black Sea has the potential to become a major player in the European gas market, but companies with deep…
Noble Energy shareholders approve sale worth USD 4.2 billion to Chevron
Noble Energy shareholders approved on Friday the transaction through which the gas and oil producer will be sold to Chevron,…
Gazprom expects its gas exports to Europe to reach at least 170 bcm
Russian gas giant Gazprom expects its gas exports to Europe, the key source of the state-owned company’s revenue, to reach…
Stamule: Gov’t to deal thoroughly with the issue of Black Sea gas starting in December
Romanian government is positive about the exploitation of gas resources in the Black Sea and will treat the issue carefully…
BSOG and GSP launch MGD project, US ambassador criticizes harshly Russia’s position in the region
Bogdan Tudorache The American company BSOG and Grup Servicii Petroliere launched the MGD project, the first Romanian offshore natural gas…
Romania imported massive amounts of gas on Friday, after OMV Petrom reduced production
Romania’s gas imports amounted to 20% of national consumption on Friday, as OMV Petrom stopped several installations at the Hurezani…
Gas imports increased by 0.4% in the first seven months, production fell by more than 11%
Romania imported, in the first seven months of 2020, a quantity of usable natural gas of 1.116 million tons of…