OMV Petrom: 2.8 billion lei worth net profit, at 9 months, one third of the contributions to the state budget
OMV Petrom announces a 13% increase in consolidated sales in the first nine months of the year compared to 2018,…
The price of oil kept stable in the last week
Bogdan Tudorache Oil prices remained stable, with WTI trading at around $55/ barrel and Brent at around $60/ barrel, according…
Rompetrol opened its 55 fuel station in Bulgaria
Rompetrol Bulgaria has officially opened a new fuel station in Dupnitsa, a city located 70 km south of the capital…
Scarabeo 9 platform will begin drilling in the Black Sea Trident perimeter
The Scarabeo 9 drilling plant starts drilling in the Trident perimeter, explored by Lukoil and Romgaz, a resource perimeter estimated…
Over 2,500 cases of fraudulent consumption of energy and gas in the Delgaz Grid network
Delgaz Grid specialists identified, between January and September, over 2,500 cases of fraudulent consumption, 800 of which were of natural…
The price of gas for domestic consumers could increase by about 10% from April 2020
The regulated price of gas could increase by about 9-10% from April 1, 2020, if the liberalization calendar that the…
Romgaz and Socar, new partnership for upstream
Romgaz and SOCAR, the State Oil Company of the Republic of Azerbaijan, have signed a Memorandum of Understanding whereby both…
Big oil and gas companies spent over 250 mln. euro lobbying the EU
The world’s five largest oil and gas companies, BP, Shell, Chevron, ExxonMobil and Total, as well as groups representing the…
Roca has entered the shareholdership of Sinteza
Bogdan Tudorache The investment fund Roca took over 18% of the company Sinteza Oradea, to expand the portfolio of the…
Bank funding of 200 mln. euro for Balkan Stream
Bank financing was provided for the construction of Balkan Stream in the form of a secured loan of EUR 200…
Grampet opens the shipping route between Constanţa and Batumi-Poti ports
A consortium formed by the Grampet Group – Romanian Railway Group (GFR), GR Logistics and Terminals LLC (Georgia) and ASCO…
Competition analyzes the acquisition of Valahia Gaz by AIK Energy
Bogdan Tudorache The Competition Council analyzes the transaction whereby AIK Energy, with a 22.5% share in the market of independent…
MOL Romania sells more than 7 mln. coffees anually
MOL Romania continues the development plans on the local market, with an emphasis on the implementation of the Fresh Corner…
The Neptun Deep investment standstill affects OMV, but also macro indicators
OMV Petrom is expected, according to Transgaz estimates, to halve its production in the next ten years, if the Neptun…
FPPG and ANIS are campaigning to increase the adoption of digital solutions in the Upstream sector
The Federation of Oil and Gas Employers (FPPG) together with the Employers Association of the Software and Services Industry (ANIS)…
Sofia officials promise that the Bulgarian section of the TurkStream pipeline will be ready by 2020
Bulgaria has promised to complete the TurkStream pipeline section on its territory by 2020, as scheduled, Russian Foreign Minister Sergei…
ANRE: Romania’s gas imports in August, 3.5 times higher than last year
The country’s gas imports in August 2019 amounted to 2.2 million MWh, 3.5 times more than the same month of…
The price of oil fell last week – Saxo
Crude oil traded down last week, says Ole Hansen, Director of commodities strategy, Saxo Bank. In general, it seems that…
BRM: The price of natural gas falls below the regulated level, to the minimum of the last six months
The SPOT market of natural gas in Romania operated by BRM recorded the lowest price of the last 6 months,…
The resumption of imports on the Ukrainian route increased by 16% the quantity of gas entering Romania
Domestic companies increased their gas imports in August by over 16% or 313 GWh compared to July, in particular as…
Gazprom’s year-to-date gas supplies to Hungary exceed 2018 overall volume
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Szijjarto, Minister of Foreign Affairs and…
Romania can become the largest gas producer in the EU
Romania can become the largest gas producer in the European Union, which offers it security and independence, but also positions…
ANRE called in gas importers for talks
The Energy Regulatory Authority convened all gas importers on Tuesday, according to sources quoted by e-nergia.ro. The talks focused on…