Petrom offers a dividend yield of over 7%
OMV Petrom distributes a gross dividend of RON 0.0270 per share due to the net earnings it gained last year.…
The Bulgarian government extends the exploration license in the Black Sea of OMV, Total and Repsol
The exploration license for the Han Asparuh 1-18 perimeter of the Black Sea, owned by OMV, the main shareholder of…
Oil prices go up to the maximum of the last four months
The Brent oil price climbed to the highest level in the last four months on Thursday, backed by OPEC’s cuts…
Christina Verchere keeps the helm of Petrom until 2023
The OMV Petrom SA Supervisory Board granted new mandates to the following members of the OMV Petrom Directorate for a…
Franck Neel, OMV Petrom: Liberalization takes time
As Europe’s gas reserves deplete, Romania has the highest growth potential in the regional gas market, but liberalization takes time,…
Lukoil invests USD 60 million in a Sicily refinery
Lukoil intends to invest over 60 million dollars in the ISAB refinery in Sicily over the next three years, according…
Hungary is ready to buy gas from the Romanian Black Sea
Hungary is ready to buy gas from the Romanian Black Sea region at market prices, given the diversification of its…
Gazprom inaugurates construction of Serbian thermal power plant
State-owned Russian energy giant Gazprom has begun construction of a combined cycle thermal power plant (TPP) in Pancevo, Serbia in…
Anca Dragu (E.ON): It was expected that the EC would trigger Romania’s infringement
European Commission officials were expected to start infringement proceedings against Romania in the gas sector, as OUG 114/2018 violates the…
Delgaz Grid specialists practice training in virtual reality
The virtual reality learning system at Delgaz Grid’s Education Center in Suceava simulates a three-dimensional space that faithfully reproduces an…
CIS GAZ builds two gas pipelines
CIS GAZ, specializing in pipeline construction and service provision for the oil and gas industry, signed two investment contracts with…
Stab, Engie: I do not like GEO 114. A non-disruptive formula should be found
Romania should define and implement the legislation for the vulnerable consumers, and the Ordinance 114/2018 does nothing but create distortions…
Delgaz Grid (E.On) invests 215 million lei in the distribution network
Delgaz Grid, the distribution company of the E.On Group, has posted in the Electronic Procurement System calls for proposals worth…
INS: Romania has a surplus of 90 mln. euro in international electricity trade, 11 months – 2018
Romania exported electricity worth 210.6 million euros in the first 11 months of 2018, while the value of the imports…
Sources: BSOG will begin gas supplies starting with February, 2021
Black Sea Oil & Gas (BSOG) has booked 90% of the gas capacity at the national transport system (SNT) in…
Dragnea announced the amendment to GEO 114
PSD President Liviu Dragnea announced on Saturday that in the second part of the month the Government could adopt an…
Producers and last resort suppliers, required to report prices and amounts of energy according to REMIT
Last resort suppliers (SLR) and electricity producers are required to report in accordance with REMIT their regulated prices for delivered…
Three groups bid to build $1.6 billion gas pipeline in Bulgaria
Three consortiums have submitted bids in a 1.4 billion euro ($1.6 billion) tender to build a pipeline to carry Russian…
Labor Inspectorate conducts inspections at LPG facilities
In March, the Labor Inspection conducts an action to verify how minimum requirements for improving the safety and health protection…
Norway is about to decide whether its $1 trillion fund dumps oil & gas
Norway is about to decide whether to let its $1 trillion sovereign wealth fund dump all its oil and gas…
Anna Colucci (DG ENER): Freezing prices is against competition and it does not help the vulnerable consumers
Fixing, capping or freezing the energy prices decrease competition, and that usually is a source of revenues for the incumbent…
The EC asks Romania to correctly transpose EU rules on the internal energy market; the ministry of Energy awaits for the official communication
The European Commission sent a letter of formal notice to Romania for failing to correctly implement certain requirements of the…
Exxon Mobil CEO sets plan to boost spending
Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said, and the largest U.S. oil…