Petrom paid the Romanian government 30% more taxes in 2018
The taxes paid by Petrom last year rose substantially from those in 2017, both as a result of higher profits…
ANRE is looking for its own energy and gas supplier
The National Regulatory Authority for Energy – ANRE is looking for a supplier of electricity and natural gas for its…
Petrom’s investments increased by 56% in 2018
OMV Petrom SA’s investments amounted to 5,495 million lei in 2018, up 56% from those in 2017. Investments in the…
F. Hajdinjak: Authorities must urgently rethink their energy poverty policies
Since publicly presented in late December 2018, GEO 114/2018 stirred massive reactions on all levels (media, industry, experts, politicians). It…
Petrom inaugurates the 65 mln euro poli-fuels plant at Petrobrazi
Petrom will open by the end of the month the plant which converts petroleum gas into gasoline and diesel, on…
The week of heated discussions on GEO 114 starts today
Even if 114 is a number that industry will not forget too soon, there are already talks about a new…
Exxon doesn’t wait: Evaluates offshore Israel energy exploration bid
American oil and gas giant ExxonMobil is considering exploring for energy off the Israeli coast, according to Reuters. Executives from…
Gazprom’s Power of Siberia gas pipeline to China is almost finished
Russia’s state-owned gas giant Gazprom will start filling the Power of Siberia (Sila Sibiri) natural gas pipeline that connects Russia…
Szijjártó: Hungarian firms have signed contracts with ExxonMobil and OMV
Hungarian Foreign Minister Péter Szijjártó said on Thursday in Târgu Mureş that Hungary wants to buy natural gas from Romania,…
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…
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…