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…
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Exploration & production
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…
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…
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…
INS: Romania’s crude oil production fell by 3.4% in Q1
Romania produced, in the first quarter of 2024, a quantity of crude oil of 682,400 tonnes of oil equivalent (toe),…
F. Neel: Black Sea gas has the lowest carbon intensity in the world
The Neptun Deep project in the Black Sea is unique in the world and highly beneficial for the countries in…
Rompetrol Rafinare’s results, influenced by market volatility and the turnaround of the Petromidia refinery
Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), recorded in the first quarter of 2024 a gross turnover…
Rompetrol Rafinare completed the turnaround of the Petromidia refinery
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), initiated the processes of restarting the production facilities at…
OMV Petrom publishes the Sustainability Report – 1GW green projects planned
OMV Petrom, the largest integrated energy producer in Southeast Europe, has published its Sustainability Report for 2023. It provides an…
AEI: Romania has a historic chance to be among the top European countries through green gas development
Natural gas trade is a key contributor to GDP in several exporting economies, for example contributing 12% of GDP in…
Romania’s crude oil production decreased by 4.7% in January
Romania produced, in January 2024, a quantity of crude oil of 231,700 tons of oil equivalent (toe), 11,300 toe less…
JT Grup Oil announces the completion of the main stage of the first private terminal for oil products in Romania
JT Grup Oil announces the completion of the first stage of construction of the only private terminal for petroleum products…
Caragele: Romgaz restarts drilling, total investment to exceed 1 bln. lei
Romgaz restarts, by own forces, the drilling program in the Caragele perimeter, after years of blockages, the Minister of Energy,…
Romania’s oil production down by more than 4%, imports – by 15%, in 2023
Romania produced, in 2023, a quantity of crude oil of 2.795 million tons of oil equivalent (toe), with 129,200 toe…
Romgaz starts the tender for increasing the extraction capacity of the Bilciurești deposit
Romgaz, the national gas producer that, through its subsidiary Depogaz, manages the majority of gas storage warehouses in Romania, has…
Romania’s crude oil production decreased by 4.3% in the first 11 months of 2023
Romania produced, in the first 11 months of 2023, a quantity of crude oil of 2.562 million tons of oil…
IEA revised upward the estimates regarding oil demand
The International Energy Agency (IEA) has again upgraded its estimates of oil demand growth in 2024, although its projections remain…
OMV Petrom’s gas production decreased slightly in the last quarter of 2023
OMV Petrom’s gas production decreased slightly in the last quarter of last year (Q4), to 56,200 boe/d, down 5% compared…
Russia nationalizes OMV and Wintershall Dea’s stakes in gas extraction projects
The Austrian group OMV and the German company Wintershall Dea will officially lose their stakes in the Russian Arctic gas…