OMV Petrom: Despite the 50% drop in profit, investments increased by 70% in H1
OMV Petrom increased its investment budget by 70% in the first half of this year (H1), despite the decrease in…
Bankwatch: EU funds for fossil gas in Poland and Romania contradict climate goals
Poland and Romania have earmarked a combined EUR 2.7 billion in EU public funds for gas expansion, a new report…
Burduja: Romanians will have safe access to gas, including in the event of a colder winter season
Romanians will have safe access to gas, including in the event of a cold season with lower temperatures than last…
CIS Gaz: Investments in energy infrastructure would reduce energy costsfor the population
In 2022 and the first semester of this year, many Romanians complained about higher energy bills, as costs increased by…
Novatek to become the main supplier of Russian gas to Europe, beating Gazprom
Increased supplies of liquefied natural gas (LNG) from Russia’s Novatek will help the group become Europe’s leading fuel supplier, overtaking…
Romania’s crude oil production fell 3.9% in the first five months of 2023
Romania produced, in the first five months of 2023, a quantity of crude oil of 1.177 million tons of oil…
E.ON: 28% of households’ gas centrals in Romania need to be replaced
The largest household energy consumption comes from providing heating and preparing domestic hot water: more than two thirds of the…
Delgaz Grid starts testing the hydrogen-gas mix in customers’ homes
The Delgaz Grid company, a member of the E.ON Romania group, begins this month, in the town of Dârlos, Sibiu…
Turkey’s prospects as a regional gas hub (analysis by Mihai Melintei)
Mihai Melintei, Energy Analytical Studies In the last decade the use of natural gas has grown considerably, accounting for…
Vestmoldtransgaz, controlled by Transgaz, could take over the operation of the natural gas transport system in the Republic of Moldova
The National Energy Regulatory Agency of the Republic of Moldova (ANRE-MD) has decided to provisionally appoint Vestmoldtransgaz as the operator…
TotalEnergies signs 27 bln. USD energy deal with Iraq
Iraq and French oil company TotalEnergies signed a 27 billion USD energy deal on Monday aimed at boosting crude oil…
Alfred Stern: Neptun Deep will make a significant contribution to Europe’s security of supply
OMV CEO Alfred Stern says the Austrian group will continue to buy natural gas from Russia but at the same…
“El Krizis” the tornado-like energy crisis of last year; the history of a 100,000% price increase
The energy crisis of 2021-2022 was like a tropical tornado: unexpectedly hit, then went without advance warning, and done much…
France: FDE discovered a large deposit of natural hydrogen
La Française d’Énergie (FDE) discovered a large deposit of natural hydrogen, igniting hopes that it could be a game changer…
Romgaz will have its own rating, necessary for a new bond issue of 1 bln. Euro to finance Neptun Deep
Romgaz will have its own rating, necessary to launch a new bond issue of around 1 billion euro on the…
Neptun Deep: Romania to become a gas supplier for the entire region
Romania will become a gas supplier for the entire region after the development of the Neptun Deep project, and the…
Greenpeace considers Neptun Deep a new threat to the Black Sea and coastline
Life in the Black Sea is in danger, and the decision to invest in Neptun Deep is a catastrophic one…
It’s official: OMV Petrom and Romgaz announce the investment decision for Neptun Deep, shares rising
OMV Petrom and Romgaz have approved the development plan for the Domino and Pelican Sud commercial natural gas fields in…
OMV Petrom and Romgaz will invest 4 billion dollars in the Neptune Deep project in the Black Sea
OMV Petrom along with its partner Romgaz, has made the Final Investment Decision for the development of the Neptune Deep…
Christina Verchere: Romania will need more and more energy
Romania will need more and more energy as it develops and the level of prosperity increases, but the challenge is…
Ionuț Ciubotaru: Natural gas should play a key role in the energy transition
Natural gas is the main element on which the energy transition should be based, as it is a fuel that…
Access to natural gas puts Romania in a privileged position in the context of the energy transition
Romania is in a privileged position in the context of the energy transition because it has natural gas resources, said…
OMV Petrom and Romgaz are anticipated to provide ACROPO with the Neptune Deep development documentation in July or August
Offshore gas resources in the Black Sea are very promising, and the Competent Authority for the Regulation of Offshore Petroleum…