OMV GM says the group will continue to invest heavily in oil and gas
The Austrian energy group OMV will not withdraw from short-term oil and gas production in the context of the possible…
USR: Diesel prices have risen the most aggressively, there is a need to cut the VAT
USR claims that Romania has “the most aggressive” increase in diesel prices in the European Union, and the Government has…
Barrel price rises following EU’s decision to impose an embargo on Russian oil
The European Union confirmed on Wednesday that it intends to end all imports of crude oil and refined petroleum products…
Romania supports the embargo on Russia, some CEE states have objections
Representatives of the EU states did not reach an agreement on Wednesday on an embargo on oil and petroleum products…
BSOG: The new offshore law does not eliminate the additional income tax that blocked investments
The new offshore law is still insufficiently satisfactory for investors, Black Sea Oil & Gas (BSOG) officials told Energynomics. They…
Moldova, still dependent on Russian gas and energy – Maia Sandu accuses former ministers
The Republic of Moldova will continue to receive gas from Gazprom, and electricity will be provided by the Tiraspol-controlled plant.…
OMV has completed the sale of gas stations in Germany for 485 mln. euro
British company EG Group and the OMV group have completed a 2020 transaction that provides for the sale of 285…
Popescu: The Vertical and Trans-Balkan corridors, of utmost importance for Romania
The situation in Romania is stable in terms of natural gas supply, as there are no direct contracts with Gazprom.…
Popescu: Romania will discuss in Bulgaria with regional partners about security of supply
Romania will attend on May 5 in Sofia the first regional working group, part of the Energy Platform of the…
Lithuania supplies LNG to Poland through a new gas pipeline
Lithuania has inaugurated a gas pipeline that will allow Poland to replace the gas it receives from Russia with LNG…
Chiriţoiu: Romanian fuel prices are 3-5% below the European average
Fuel prices in Romania are 3-5% lower than the European average, said on Monday the president of the Competition Council,…
Bulgaria to set up first regional platform as part of the EU’s Energy Purchase Platform
The European Commission and Bulgaria agreed to set up in Sofia a first regional taskforce, as part of the EU’s…
35% of the OMV Petrom investment will go for the energy transition
Franck Neel talked about the main pillars of the 11 billion euro investment plan of OMV Petrom’s until 2030, a…
Nicolescu: Russians want to create panic to raise gas prices
Russia’s decision to halt gas supplies to Poland and Bulgaria is an attempt to divide the European Union and create…
Transgaz shareholders approved a gross dividend per share of 14.82 lei for 2021
Transgaz shareholders approved, in the Ordinary General Meeting on Thursday, a gross dividend per share amounting to 14.82 lei, related…
Romania provides almost 40% of its domestic oil needs
Romania ensures, from internal resources, its oil needs in a proportion of almost 40%, said on Thursday Filip Cârlea, Director…
Sterian: Gas imports into Romania are not affected; we can ensure the country’s consumption from domestic production
Although Gazprom has stopped gas supplies to Plonia and Bulgaria, Romania’s gas imports are normal, and our country can provide…
OMV Petrom’s fuel sales up 9% in Q1 2022 compared to Q1 2021
OMV Petrom’s total sales of refined products were 5% higher in Q1 2022 compared to Q1 2021 as a result…
Benoit Fécamp: Romania could reach its 100% hydrogen target by 2030
Solar Turbines is one of the largest producers of gas turbines, with more than 16,000 units sold worldwide. A Caterpillar’s…
Ionuț Ciubotaru, OMV Petrom: Romania can become an EU hub for blue hydrogen
Romania could become a “Blue Hydrogen Valley” in the European Union, as it has gas resources, carbon storage capacity and…
EU wants to reduce its dependence on Russian oil and gas to zero by 2027
EU aims to reduce its dependence on Russian oil and gas by two-thirds by the end of the year and…
Romania’s crude oil production fell by 4.6% in the first two months of 2022
Romania produced, in the first two months of 2022, a quantity of crude oil of over 481,600 tons of oil…
Germany would lose 5% of its GDP in the event of a Russian gas embargo
An immediate European embargo on natural gas imported from Russia could cost Germany up to 5% of its GDP this…