Gazprom will not pay dividends, last year it recorded its first losses since 1999
The Moscow Government has instructed Gazprom not to pay dividends for 2023, according to a decree published on the state…
OMV Petrom: Investment of 23 mln. euro in the largest crude oil storage tank in Romania
OMV Petrom put into operation the largest crude oil tank in Romania, on the platform of the Petrobrazi refinery. The…
INS: Romania’s crude oil production fell by 3.4% in Q1
Romania produced, in the first quarter of 2024, a quantity of crude oil of 682,400 tonnes of oil equivalent (toe),…
F. Neel: Black Sea gas has the lowest carbon intensity in the world
The Neptun Deep project in the Black Sea is unique in the world and highly beneficial for the countries in…
Romgaz opened a new branch in the Republic of Moldova, specialized in gas supply
Romgaz opened a new branch in Chisinau on Thursday, specialized in gas supply. “By Decision no. 32/2024, the Board of…
Delgaz Grid announces investments of 154 mln. euro in 2024, after last year’s record figure of 177 mln. euro
Delgaz Grid, part of the E.ON Romania group, last year made the largest investments in the last 18 years in…
Rompetrol Rafinare’s results, influenced by market volatility and the turnaround of the Petromidia refinery
Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), recorded in the first quarter of 2024 a gross turnover…
Results of main energy producers – in line with the price drop, the system operators mark significant increases
Major energy-producing companies reported lower profits in the first quarter (Q1) of the current year, hit by falling prices over…
Urluescu: We expect a drop in gas prices
Household consumers’ bills for natural gas will drop to 0.23 and 0.25 lei per kWh in the coming period, well…
Rompetrol Rafinare completed the turnaround of the Petromidia refinery
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), initiated the processes of restarting the production facilities at…
Crețu: Without investments in new CHPs, Bucharest will be without heat and hot water in a few years
The merger between Termoenergetica and ELCEN has been discussed for ten years, but without investments in new CHPs, in a…
Two Chinese firms to invest 2.7 bln euro in Serbia’s energy sector
Serbia’s government said on Thursday that it signed two agreements with Chinese companies that will enable new investments in the…
President of Azerbaijan supports the Black Sea underwater cable project
Bulgaria is an important transit country for neighboring states that receive Azerbaijani gas through its territory, Azerbaijani President Ilham Aliyev…
Norway and the Republic of Moldova signed a MoU for cooperation in the energy sector
Norway and the Republic of Moldova signed a memorandum of understanding on Tuesday to expand cooperation in the energy sector,…
Republic of Moldova will not block Russian gas deliveries to Transnistria
The Republic of Moldova will not block the supply of Russian gas to the separatist region of Transnistria, after the…
Ample energy price fluctuations highlight the need for flexible technologies
Electricity prices are experiencing large fluctuations in Europe, which highlights the need for more flexible assets on this market, reports…
OMV Petrom publishes the Sustainability Report – 1GW green projects planned
OMV Petrom, the largest integrated energy producer in Southeast Europe, has published its Sustainability Report for 2023. It provides an…
Sterian: Romanian companies should contract more external works
Romanian companies should contract more works outside the country, “because many opportunities have started to appear, for example in Africa,”…
Romanian energy and gas prices, among the lowest in the EU
Romania had in the second half of 2023 the third lowest price paid by the population for natural gas and…
Apostol: Excessive regulation and overtaxation make investment decisions difficult
Overtaxation and excessive regulation make it difficult for operators to make an investment decision in various production lines in the…
JT Grup Oil launches its IPO on the AeRO market of the Bucharest Stock Exchange
JT Grup Oil S.A., a company that operates in the fuel distribution market and the developer of Romania’s newest private…
OMV Petrom will invest a record budget of 8 billion lei in 2024, up 71% over 2023
OMV Petrom announces the distribution of record basic dividends of approximately 2.6 billion lei for the financial year 2023. At…
OMV Petrom will test an innovative CCS facility at Petrobrazi
OMV Petrom, the largest integrated energy producer in Southeast Europe, will test a new carbon capture and utilization technology at…