OMV Petrom transfers 50% stake in Bulgaria’s Han Asparuh block to NewMed Energy
Bulgaria’s government approved the transfer of a 50% stake in the Han Asparuh offshore block from OMV Offshore Bulgaria, part…
KazMunayGas and MOL discuss details of Kazakh oil deliveries to Hungary
Oil companies KazMunayGas and MOL will discuss details and specific terms of delivering Kazakh oil to Hungary, the Kazakh Energy…
OMV Petrom invests 750 mln. euro in sustainable fuels and hydrogen at Petrobrazi
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, announces the start of construction work for a sustainable aviation…
The National Commission for Strategy and Forecast expects natural gas production to increase in the coming years
Romania’s usable natural gas production in 2024 was 7.57 million tons of oil equivalent, 0.9% more than in the previous…
Energy Minister asks Rompetrol for a new investment plan
Energy Minister Sebastian Burduja has asked Rompetrol to implement a comprehensive and well-structured investment plan to increase safety. The Energy…
The pace of building renovation must accelerate to reach our climate targets (EPG study)
To reach the 2030 targets, Romania needs to substantially increase renovation rates in both the residential and non-residential sectors, Energy…
Burduja: No Romanian risks being left without gas
We have set out to get through the winter with gas from our own production, which means 25 million cubic…
Gas prices are part of a new crisis, but not at the level of the one in 2021-23 – expert
Gas price exploded on both the European and Bucharest stock exchanges, but in Romania the effects are produced by different…
Tuzla-Podişor pipeline will supply gas to almost half a million consumers
By putting the Tuzla-Podişor gas pipeline into operation, almost half a million household consumers and public institutions will be able…
PPC Energy, a supplier that provides energy for everything (P)
PPC Energie is the electricity and gas supplier dedicated to meeting the needs of today’s energy-saving, efficient and sustainable customer.…
OMV Petrom posted a net profit up 4% to 4.2 billion lei
OMV Petrom posted a net profit up 4% last year to 4.2 billion lei, but the operating result CCA excluding…
Premier Energy separates its gas supply and distribution activities
Premier Energy has separated its natural gas supply and distribution activities in Romania, in accordance with European requirements, the company…
Competition analyzes the takeover of Ade Gas Oil by the RBC Group
The Competition Council is analyzing the transaction through which Rombeer Crîngașu SRL intends to take over Ade Gas Company, the…
With EU funding, Moldova has delivered the first 3 million cubic metres of gas to Transnistria
Moldovagaz on Saturday delivered the first 3 million cubic metres of natural gas to the breakaway Transnistria region in eastern…
Burduja: Renegotiating the coal phase-out plan is a necessity for energy security
All investments in clean energy will continue and we will absorb all available European money, but at the same time,…
EU to delay publication of Russian fuel phase-out strategy by a month
The European Commission may delay the date on which it is to publish its roadmap for phasing out the last…
Romania’s crude oil production down 4%, imports surge 11% in the first 11 months
Romania produced, in the first 11 months of 2024, a quantity of crude oil of almost 2.456 million tons of…
Tiraspol accepts gas delivered via Moldovagaz
The separatist leader in Tiraspol, Vadim Krasnoselski, has announced that he agrees to gas being delivered to Transnistria via Moldovagaz,…
Russian fuel exports fall in 2024 as drone attacks, bans add to sanctions pressure
Russian seaborne oil product exports fell by almost 10% in 2024 after Ukrainian drone attacks damaged major refineries and as…
Gas imports down almost 16% in the first 11 months of 2024
Romania imported, in the first 11 months of 2024, a quantity of usable natural gas of 1.612 million tons of…
Transnistria to receive gas from the European spot market financed by Russia
Transnistria could purchase gas from the European spot market with Russian help between January and April, according to sources cited…
JT Grup Oil expands its capacity by acquiring the Delta Oil bunkering vessel
Following the bankruptcy of more and more Russian oil companies and in the current context of the Romanian energy market,…
OMV announces increase in hydrocarbon production in Q4- 2024
OMV AG’s hydrocarbon production and refining margin increased in the fourth quarter of 2024, compared to the previous three months,…