GEO that prevents Exxon from selling its Black Sea shares needs CSAT approval
One of the 25 Emergency Ordinances approved last week concerns the changes brought to the Oil Law. But this has…
Oil Terminal – profit almost nine times higher than in 2018
Oil Terminal, the operator of the Black Sea oil terminal, reported a preliminary net profit of 2.42 million lei for…
New maritime fuel with low sulfur content produced at Petrobrazi, following an investment of 3 million euro
OMV Petrom has developed, at the Petrobrazi refinery, a new maritime fuel with a low sulfur content, up to 0.5%.…
AIK Energy, a London-based company run by Harald Kraft, takes over Valahia Gaz
The Competition Council authorized the transaction by which AIK Energy, a company registered in London and locally managed by Harald…
Intero Integrity Services acquires environmental and integrity service provider The Sniffers
Intero Integrity Services announced it has acquired The Sniffers, a longstanding service provider to the oil & gas industry and…
FPPG: No reasons for gas prices to increase
The Federation of Petroleum and Gas Employers (FPPG) practically accuses some distributors of artificial price increases. FPPG argues that “under…
Niculae Havrileț, proposed for the Supervisory Board of OMV Petrom
The Ministry of Economy, which is a minority interest holder in OMV Petrom, with 20.63% of the shares of the…
ANRE advises domestic energy consumers to compare offers from several suppliers, before concluding a contract
Domestic consumers receiving offers from suppliers to move from the regulated market to the competitive market or to extend the…
Gazprom Neft achieves record production at Achimovsky strata
Gazprom Neft has become the first company in Russia to use a unique technology — hybrid multi-stage fracking — to…
Romgaz reacts to the vote in the Senate: Liberalization will not raise prices after July 1
Largest producer and main supplier of natural gas in Romania, Romgaz states that “it did not identify any real reason…
Transgaz: The national gas transport system, in pre-alert state
The national gas transmission system (SNT) was in the pre-alert state on Friday morning, according to the indicator showing the…
Industry reports and study cases on the new KELLER AG website
From February 2020, the KELLER website has got a shiny new look: fresh, user-friendly and fully accessible on the go…
Transgaz loses 435 mln. lei in operating revenues in 2020, profit decreases by 65%
Bogdan Tudorache Transgaz proposes to shareholders to approve, at the general meeting (GSM) of March 4, a budget of revenues…
OMV Petrom: net profit down by 11% in 2019, although sales increased by 13%; increased dividends
Bogdan Tudorache OMV Petrom’s revenues registered last year advanced by 13%, to about 25.5 billion lei, but the company announced…
Conpet has budgeted for 2020 revenues of 460 million lei and a profit of 55.4 million lei
Conpet Ploieşti, a national oil carrier owned by 58.7% of the Romanian state, has budgeted a net profit of 55.4…
OMV Petrom will pay 27 mln. euro to the parent company for participation in the Han Asparuh perimeter in Bulgaria
OMV Petrom will pay OMV Exploration & Production about 27 million euro for the acquisition of the shares held by…
In respect to the Neptun Deep project, OMV Petrom moves from “when” to „if” – changes to offshore law are urgent
The extraction of natural gas from the Neptun Deep perimeter of the Black Sea has become uncertain, as the offshore…
Seele: OMV does not expect Nord Stream 2 construction to resume soon
Austria’s OMV does not expect construction of Nord Stream 2 gas pipeline to resume soon, the oil and gas company’s…
The national gas and electricity transmission system operate under normal parameters
The national gas and electricity transmission system is operating under normal parameters, and Romania is not facing any particular problems…
Romgaz asks the government to approve his participation in the Neptun Deep auction
Bogdan Tudorache Romgaz convened for March 11 the extraordinary meeting of the shareholders asking for “approval of the acquisition of…
Gov’t approved the program for introducing gas to villages, worth 500 mln. euro
The government approved, in its Tuesday meeting, a national program for the introduction of natural gas in the rural area,…
Bulgaria mulls re-opening Gazprom antitrust probe
According to sources in Sofia, Bulgarian state-owned gas supplier Bulgargaz is preparing to ask the Commission to resume antitrust proceedings…
Transgaz signed the MoU on the development of gas networks in Eastern Europe
Transgaz has signed the Memorandum of Understanding on the Partnership for the Development of Natural Gas Networks in Eastern Europe…