Transgaz and OMV lend 7.5 million euros to Nabucco
Romanian state-run natural gas transporter Transgaz and Austrian oil and gas company OMV AG will provide a loan of up…
OMV pays a record 2.65 billion dollars for Statoil North Sea oil fields
Norway’s Statoil has sold to OMV 19 percent of Gullfaks oil field, 24 percent of Gudrun and agreed optional cooperation…
Exports of U.S. oil,gas and coal have doubled in the last three years
US exports of petroleum and petroleum derivatives, natural gas and coal have doubled in the last three years, reaching 110.2…
Atlas Copco Buys British Vacuum-Pump Maker Edwards for $1.2 Billion
Swedish engineering group Atlas Copco said on Monday it would acquire British industrial technology firm Edwards Group for up to…
Romania may use its relationship with Poland for the regional integration of its gas market
###author### Romania has the benefit of having a balanced energy mix, and the perspectives for development of an enlarged pool…
energynomics.ro Enters Partnership with BRIDGE to Encourage British-Romanian Businesses
All the editorial content available on www.energynomics.ro will be even more accessible for the British companies after partnership that will…
OMV Petrom to turn into oil storage facilities a part of Arpechim storage installations
OMV Petrom CEO Mariana Gheorghe said the company will transform a part of Arpechim Pitesti refinery in an oil deposit.…
OMV Petrom’s First-Semester Net Income Increases 18 Percent; Sales fall 5 Percent
OMV Petrom SA, Romania’s biggest oil company, said its first-semester profit rose 18 percent because of stable production. Net income…
OMV Petrom close to start preliminary works at Skifska field
A Ukrainian senior official says that a production sharing agreement (PSA) could be signed in the next three months to…
Over 4 million RON loss for Oil Terminal in the first semester
The state-own company Oil Terminal Constanța ended first semester with a turnover of RON 48.9 mln, down 7,2% compared with…
Work in Progress for TAP and the Shah Deniz Consortium
Trans Adriatic Pipeline (TAP) has submitted its Environmental and Social Impact Assessment (ESIA) to the Ministry of Energy, Environment and…
Petroceltic to spud exploration well offshore Romania
Beach Energy announced that its partner Petroceltic is planning to spud the 01RX Cobălcescu South exploration well in Block EX-28, offshore Romania, during…
David Cameron pushes on shale gas’ benefits for communities
Britain would be “making a big mistake” if it did not seriously consider fracking and the prospect of cheaper gas…
Rompetrol Rafinare invested USD 53 million in revamping a new coker unit from Petromidia
Rompetrol Rafinare, a member company of The Rompetrol Group, has completed the revamp of the coker unit within Petromidia Refinery,…
Romgaz, Aurelian Oil & Gas to produce natural gas in Poland and Slovakia
The state-owned Romgaz might continue its activity in Poland and Slovakia after it finalizes the exploration phase in these two…
Gazprom and SOCAR to dominate the Greek gas market for the next decades
Gazprom and SOCAR will be, at least for some decades form now, the two companies to dominate Greece’s natural gas…
OMV launches an international campaign to recruit 1.600 new employees
The international oil and gas company OMV has launched a major recruiting campaign to expand its exploring and production of…
Three ideas for investors in the Romanian energy sector
###author### One of the concepts that often attract attention when talking about the future of energy industry in Romania is…
Chevron profit recorded the biggest decline in the past four years
Chevron, the second largest energy company world-wide by market capitalization, recorded a 26% decline in net profit in the 2nd…
Conpet profit rose by 25.7% in the first semester, reaching 5.8 million euro
Conpet Ploiești reported for the first semester a net profit of 5.8 million euros (25.76 million lei), up by 25.7%…
More than just a news site: the chance of a community
No shortage of news these days. Leaving apart politics, sports, and showbiz, we still have dozens of economic news each…
Energetic Resources – Blessing and Burden for the EU-Russia Relationship
The biggest hydrocarbons and hydrocarbons-based products suppliers for EU are the companies from Russia, Azerbaijan, Kazakhstan and Turkmenistan. This sheds…