Energy prices to fall for millions as Ofgem lowers cap
The price of energy is set to fall for millions of British households this October after the regulator, Ofgem, lowered…
Renewables push oil off the market at current prices – BNP
Oil will have to be priced at USD 9-10 per barrel in the long term for gasoline to remain competitive…
Johann Pleininger replaces Christopher Veit in SB of OMV Petrom
Bogdan Tudorache OMV Petrom announces the appointment of Johann Pleininger as interim member of the Supervisory Board of OMV Petrom,…
Moldova intensifies negotiations with Ukraine for winter gas supplies
Moldova announced that it is stepping up negotiations with Ukraine on the prospect of receiving gas from the Ukrainian transport…
The government wants to collect an additional 264 million lei from the surcharge of Romgaz and OMV Petrom
The government estimates that it will collect more than 264 million lei in addition to the initial budgetary provisions from…
Exxon, Shell feel the pain of natural gas glut in Q2 results
The world’s oil majors are feeling the heat from steadily shifting their investments toward natural gas, as weak gas pricing…
Neptun Deep would add 70,000 bpd to the OMV account
Neptun Deep could become operational in 2024, increasing OMV production by 70,000 barrels per day (bpd) or nearly 11% of…
Gazprom’s unit installs two Ansaldo gas turbines at Serbian power plant
Gazprom Energoholding, a subsidiary of Russia’s Gazprom, has completed the installation of two gas turbines at the 200 MW Pancevo…
Just 10% of fossil fuel subsidy cash ‘could pay for green transition’
Switching just some of the huge subsidies supporting fossil fuels to renewables would unleash a runaway clean energy revolution, according…
Seele, OMV: Russian gas supply via Nord Stream 2 pipeline to start by end of year
The first gas flow through the Nord Stream 2 is set to start no later than December 31 this year,…
The MOL group reaches its estimates, Diesel sales surge in Romania
The MOL Group has announced that it is in the graph with pre-tax profit (EBITDA), which reached half-year to half…
Lowest loss for Petromidia, no accidental spills – KMG report
Petromidia Refinery, KMG International Group’s main asset in Romania recorded its lowest technological loss in history, along with its lowest…
GSP signs new deals with OMVPetrom and Lukoil for Black Sea works
On July 29, GSP Offshore and OMV Petrom signed a framework contract to provide integrated offshore services for Istria’s shallow…
Bulgaria invites bids for 5-year oil, gas exploration permit for Tervel offshore block
Bulgaria’s government said on Wednesday that it will open a procedure for awarding a five-year oil and gas exploration permit…
Oil royalties increased by about 4%, as a result of a new methodology
The oil royalties paid by OMV Petrom increased by about 4% as a result of a new methodology published in…
Ministry of Economy: Ioan Niculae – interested in importing gas from Israel
Economy Minister Niculae Bădălău met on July 9 with representatives of Delek Drilling, a company that provides over 60% of…
OMV signs agreement with Gazprom for USD 1 bln. Achimov gas field
OMV signed an agreement with Russian gas producer Gazprom setting the price at $1 billion for the potential acquisition of…
OMV closes Q2 with soaring operating results
Austrian integrated oil and gas company OMV recorded a 44% increase in second-quarter operating income, revealed in its financial results…
Gazprom assesses US sanctions bill
The Nord Stream 2 natural gas pipeline project’s operator, Gazprom, said on Thursday it was assessing a US bill passed…
First contract concluded on the Gas Forward CCP platform of the Romanian Commodities Exchange
The Romanian Commodity Exchange announces the conclusion of the first transaction on its new trading platform – “Gas Forward CCP”,…
EC approves state aid for Croatia’s 233.6 mln euro KRK LNG terminal project
The European Commission said on Wednesday it has found that Croatia’s plans to support the development of a 233.6 million…
Petrom has stored three times as much gas as last year
OMV Petrom had stored at the end of the second quarter of this 3.4 billion TWh of gas, three times…
Verchere: We need legislative stability for the Neptun Deep project
OMV Petrom continues to be extremely committed to the Neptun Deep project, but it needs clarity and legislative stability “as…