Petrom and Romgaz will supply half of domestic gas output at capped prices
The main gas producers in Romania, OMV Petrom and Romgaz, are obliged by the National Regulatory Authority for Energy (ANRE)…
Oil hits highest since November as U.S. tightens Iran sanctions
Oil prices hit their highest since November on Tuesday after Washington announced the end of all waivers on imports of…
Stab (Engie): 90% of the isolated villages can’t afford gas connection, as costs reach 3,000 euro
Only one in ten potential consumers in remote villages can afford gas connection, as costs rise up to 3,000 euro,…
Petrom announces an investment budget of nearly EUR 876 mln. for 2019
The Ordinary General Meeting of Shareholders approved OMV Petrom’s budget for 2019, according to a company statement. It is estimated…
PwC: The oil and gas sector is becoming attractive and offers stability, electricity is more volatile
A PwC Romania study (Valuation multiples in the context of Bucharest Stock Exchange and local M&A market), that has compared…
EY: Oil and gas are leading the M&A sector in Romania
Despite an increasingly complex geopolitical environment, global appetite for mergers and acquisitions (M&A) marks a record of the past 10…
OMV Petrom invested EUR 14.5 billion between 2005 and 2018
Bogdan Tudorache According to the company’s report, OMV Petrom invested 14.5 billion euros in the period 2005-2018. The company contributed…
CEE Equity Partners eyes Oscar Downstream
CEE Equity Partners, one of the largest private equity managers in the Central and Eastern Europe region, has set eyes…
ACROPO: The Gloria oil platform is no longer safe for the staff
The evaluation of a report of the Gloria Oil Platform, which was completed late last week, revealed major non-conformities in…
ENGIE invests 5 million lei in the training of about 120 young people
In the context of an acute shortage of skilled labor, ENGIE Romania, through its Distrigaz Sud and ENGIE Servicii, invests…
The Gloria oil platform, which extracted for 43 years of gas from the Black Sea, will be decommissioned as of May
The Gloria oil platform, which extracted for 43 years of gas from the Black Sea, will be decommissioned as of…
The Black Sea has a gas potential of over 200 billion cubic meters
The Black Sea has a potential of over 200 billion cubic meters of gas and 60 percent of Romania’s production…
Petrom could stop the work of the Midia Terminal, due to an environmental sanction
OMV Petrom received a sanction from the National Environmental Guard for the operation of the Midia Terminal Section of the…
Chiriţoiu: Romanian fuel prices are higher, Competition will issue in a few weeks recommendations
Bogdan Tudorache The Competition Council analyzes the fuel sector, where prices are higher than the European average by 2-3%, Bogdan…
Romgaz profit will be nearly 30% lower in 2019
Romgaz (SNG), the largest producer and the main natural gas supplier in Romania, has budgeted revenues of 5 billion lei…
Alina Popa takes over the position of financial director and member of the OMV Petrom executive board
Alina Popa (41) is the new financial director and member of the OMV Petrom directorate since April 17, 2019, when…
Anton: Investments in the Black Sea have been unlocked and will keep unlocking
Bogdan Tudorache Investing in the Black Sea will be carried out after all, says the Energy minister, Anton Anton. He…
Nord Stream 2 could pass through the territorial waters of Denmark
The company that promotes the Nord Stream 2 pipeline has proposed a third possible route for the pipeline to be…
The new Polyfuel unit of Petrobrazi refinery has started production, an EUR 65 mln. investment
OMV Petrom has commissioned the new Polyfuel unit within Petrobrazi refinery, using an innovative technology to convert LPG and low-grade…
ANRM approves termination of contracts with Chevron
The National Agency for Mineral Resources (ANRM) officially approved the termination of concession oil agreements signed in 2011 by the…
MOL group enters into recycled plastic compounding by acquiring Aurora Group
MOL Group announced that it has signed a sales-purchase agreement to acquire Aurora, a recycled plastic compounder with production plants…
Delgaz Grid invests 1.7 mln. lei in the consolidation of Sadoveanu Alley line, Iasi
Delgaz Grid announces the start of the land stabilization works at Breazu transformation station, as well as the stabilization of…