Rompetrol expands in Bulgaria, network reaches 55 stations
Rompetrol Bulgaria, a subsidiary of KMG International Group (Rompetrol) in the region, has recently opened a new fuel station in…
OMV Petrom announces new gas discovery, to invest 5.8 billion lei in E&P
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, announces the discovery of a new natural gas field in…
Transgaz has completed the Danube sub-crossing, part of the Tuzla-Podișor Pipeline
Ion Sterian, Transgaz CEO, announced the completion of the Danube River Undercrossing Project, part of the infrastructure of the DN…
Gov’t to increase fuel excise duties by 10%, VAT to 21% – measures will pressure inflation
The government will decide in the next period, following public consultations, the austerity measures necessary to cover the budget deficit.…
ORLEN to supply Naftogaz 140 mln. cmc of gas within a new contract
Over the next months, ORLEN will supply 140 million cubic metres of natural gas under a new contract with Ukraine’s…
Europe’s Power Paradox: Kristian Ruby on Complexity, Resilience, and the Strategic Case for Electrification
“Five years ago, we were thinking of the green transition in itself as pretty darn challenging,” says Kristian Ruby, Secretary…
Jean Chevallier on XP’s resilient growth and the future of production enhancement
With a 36-year legacy at Schlumberger and a deep understanding of the oilfield services industry, Jean Chevallier brings a unique…
Ember: EU gas demand set to fall by 7% by 2030
Gas demand in the European Union is expected to fall by 7% by 2030 as renewable energy and electrification increase,…
Vega Ploiești Refinery – 25% increase in production in Q1
In the first quarter of 2025, the production level of the Vega Ploiești Refinery was increasing, with a total of…
Sebastian Burduja: We are in the middle of an energy revolution
Romania is “in the midst of an energy revolution” with the finalisation, after 17 years, of an energy strategy, Energy…
XP Group has total investments totalling $250 million in mature oil and gas fields
XP Group, a leading international upstream oil and gas operator, proudly marks its 20th anniversary, celebrating two decades of sustainable…
EU to sanction Nord Stream 2 to stop Russian gas flow
The European Union is moving closer to a decision to include the Nord Stream 2 pipeline in a new package…
Tuzla – Podișor gas pipeline to be officially received in the next 60 days
The Tuzla – Podișor gas pipeline, the over 300 km long pipeline that will take gas from the Black Sea,…
Turkey discovers gas field in Black Sea with estimated reserves of 75 bln. cm
A Turkish exploration ship has discovered a new natural gas field in the deep waters of the Black Sea, with…
INS: Romania’s crude oil production fell by 7.4% in Q1; imports increased by 28.5%
Romania produced, in the first three months of 2025, a quantity of crude oil of 631,700 tons of oil equivalent…
JT Grup announces 60% equity growth in Q1
JT Grup Oil SA, a major player in the Romanian fuel distribution market, demonstrated solid adaptability in a challenging economic…
Elliott Investment to buy stake in Bulgarian gas transport infrastructure
Elliott Investment Management, led by billionaire Paul Singer, is exploring the possibility of acquiring a stake in a set of…
Bucharest Court rejects Greenpeace’s first trial action, which may not appeal
The Bucharest Court rejected Greenpeace’s action to block the Neptun Deep project in the trial court, and the NGO must…
Germany wants new gas-fired power plants, but won’t return to nuclear
New German Economy Minister wants new gas-fired power plants, but rules out return to nuclear. German Economy Minister Katharina Reiche…
The hard road to a functioning energy market in the Republic of Moldova
From the beginning of 2025, the Moldovan energy system is undergoing a transition from de facto dependence on the Cuciurgani…
Chisinau takes important step towards energy independence, even without cheap Transnistrian energy
The cessation of electricity deliveries from the Cuciurgani power plant in the Transnistrian region has caused a significant amount of…
Rompetrol’s retail store chain has reached 230 units
The “hei” concept, one of the most well-known brands in the Rompetrol portfolio, is celebrating 20 years on the Romanian…
Contract between Energocom and OMV Petrom will bring gas from the Black Sea to Moldova
The Republic of Moldova is taking a significant step towards its energy security and integration into the regional market by…