Nicușor Dan: By the end of the year we will pay 220 mln. to Termoenergetica
Bucharest City Hall would pay off its debt of 220 million lei to Termoenergetica at the end of this year,…
AFEER: Suppliers have to receive from the state the offset for capping for March, GEO 27 has not yet been opened for settelment
Most of the suppliers have collected the first months of settlement from the state and arrived with the settlement in…
SNN and Romgaz profit up, Transelectrica – in decline; roll in the management of Romgaz
The profits of SNN Nuclearelectrica and Romgaz recorded major increases in the first half of this year (H1), by 217%…
Romgaz has completed the process of acquiring Exxon’s stake in Neptun Deep
On Monday, Romgaz completed the acquisition of Exxon’s stake in the Neptun Deep project in the Black Sea, according to…
Romgaz hydrocarbon production decreased by 0.25% in H1
Romgaz recorded in the first half of this year (H1) a total production of hydrocarbons of 16.26 barrels of oil…
Romgaz trade unionists demand the dismissal of the members of the Board of Directors
The Free Trade Union of Romgaz sent a petition to the President of Romania, Klaus Iohannis, to the Prime Minister…
Jude: Romgaz’s strategic goal is to keep annual production decline below 2.5%
Romgaz has completed an important investment objective in the Snagov priority onshore project, which consists of the development of an…
Romgaz introduced new wells in production following an investment of 31 mln. lei
Romgaz launched the Coşereni drying plant into operation, with three new wells being opened for production, and by the first…
Romgaz’s profit doubles in Q1, margins remain high
In the first quarter (Q1) 2022, Romgaz Group recorded a revenue of RON 3,925.8 million, increased by 195.78%, namely RON…
3 more professionals in the management of FPPG
The Oil and Gas Employers’ Federation (FPPG), the main representative organization for the Romanian energy sector, strengthens its management team…
Chisăliță: Amromco’s entry into insolvency, a very serious signal for investors
The entry of the third largest gas producer in Romania, Amromco, into insolvency is a very serious signal, which reflects…
Transgaz, Nuclearelectrica and Romgaz will transfer only 50% of dividends, investments are prioritized
After Nuclearelectrica and Romgaz, the Government decided to exempt Transgaz from paying 90% dividends. Thus, 50% dividends will be paid…
Romgaz obtains a 325 mln. euro loan from Raiffeisen for the acquisition of Neptun Deep
Romgaz has signed a financing agreement worth 325 million euro with Raiffeisen Bank, for the partial financing of the acquisition…
Neptune Deep Project is nearing completion
Romgaz’s Board of Directors approved the conclusion of the sale-purchase contract of all shares issued by ExxonMobil Exploration and Production…
Romgaz and Nuclearelectrica could pay lower dividends to the state and shareholders
Romgaz and Nuclearelectrica could benefit from a decrease in the level of dividend distribution, from 90% to 50%, and the…
Romgaz approved the takeover of the Neptune Deep perimeter from Exxon
Romgaz’ Board of Directors has approved the 1.06 billion dollars deal to take over the Neptune Deep field from ExxonMobil.…
Oana Bucur, FPPG: Changing the Offshore Law, essential in unlocking major investments
Energy producers consider it essential to amend the offshore law that would allow the unblocking of major investments, such as…
Romania plans 710 MW in new generation capacity this year
Prime Minister Nicolae Ciucă met with representatives of Romelectro, Hidroconstruct, Hidroelectrica, CE Oltenia and CE Hunedoara to identify solutions for…
Romgaz and Nuclearelectrica will transfer only 50% of the profit to the state
Romgaz and Nuclearelectrica, vital for Romania’s electricity and natural gas supply and with massive ongoing investment projects, will be exempted…
Romgaz’s profit increases by 52% amid rising gas prices
SNGN Romgaz SA posted a preliminary net profit of 1.90 billion lei for 2021, up 52% compared to the previous…
FP: Hidroelectrica’s IPO must also take place at an international stock exchange
The listing of Hidroelectrica should also be done on an international stock exchange, in addition to the IPO on the…
Romgaz hydrocarbon production rose 11.2% last year
Last year, Romgaz recorded a hydrocarbon production of 32.53 million barrels equivalent to oil (boe), 11.2% higher than that reported…
Romelectro and Hidroconstrucția enter insolvency procedure
Both Romelectro SA and Hidroconstrucția have filed for insolvency, according to the files registered in the last months at the…