OPEC cut its oil demand estimates for 2020
Global oil demand will fall more sharply this year than previously forecast due to the coronavirus pandemic (COVID-19) and there…
Pewete chose Romania in order to create a hub of services for Europe
Pewete Evo Europe SRL appeared on the Romanian well services market in 2018, but the General Manager, George Căpățînă is…
Gas consumers will support the connection of new industrial customers to the grid
Gas consumers will bear the costs of connection to the grid of the industrial players with projects smaller than 2.5…
EC approved the acquisition of Borealis by OMV
The European Commission has approved, according to EU merger regulations, the acquisition of plastics producer Borealis AG by OMV Aktiengesellschaft…
PKN Orlen is seeking EC approval for the merger with gas company PGNiG
Poland’s largest refinery, PKN Orlen, will try to get European Commission approval this year for the planned takeover of gas…
KMG launches a campaign to support KMG, SMURD, Rompetrol at national level
KMG International is launching a campaign to support blood donation at national level, between August 10 and October 10, in…
Energy efficiency solutions for industrial consumers
On July 30, Energynomics organized the ONLINE conference dedicated to energy efficiency solutions for industrial consumers. The six guest speakers…
Environmental NGO sues to stop Nord Stream 2 over methane leakage concerns
The environmental group Environmental Action Germany (DUH) says it is suing to stop the controversial Nord Stream 2 natural gas…
Gazprom to pay 50 mln. euro fine to Poland
The Polish antitrust regulator announced that they are fining Gazprom for refusing to cooperate in a case related to the…
Romania must pay OMV damages worth 287 million lei
The Arbitral Tribunal issued on July 9, 2020 the final decision in the arbitration initiated by OMV Aktiengesellschaft (OMV AG)…
OMV Petrom’s profit fell by 56% in the first half of the year
OMV Petrom’s net profit in the first half of the year was of 867 million lei, down 56% compared to…
OMV intends to issue 1.5 billion euro bonds for the acquisition of Borealis
Austrian energy group OMV AG has announced plans to issue a new bond issue of up to €1.5 billion ($1.8…
Russian gas giant Gazprom to start producing clean hydrogen
Russia’s gas giant Gazprom will start producing “clean”, that is, zero-emission, hydrogen beginning in 2024 under a new government plan…
OMV Petrom sued ANRE’s obligation to sell gas with a capped starting price on stock exchanges
OMV Petrom asked the court to cancel the order issued in May by which the National Energy Regulatory Authority (ANRE)…
OMV Petrom becomes the first company in Romania to support the TCFD recommendations
OMV Petrom announces its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) on climate…
OMV Petrom: Fuel consumption will decrease by 10% this year and will not recover in 2021
Fuel consumption will fall by 10% this year due to the coronavirus pandemic, and demand will not return to pre-pandemic…
Verchere: Offshore Law delays erode Neptune Deep project
Black Sea gas may help Romania recover economically post-pandemic, but changes to the Offshore Law are delayed, eroding the economic…
Two gas pipelines become projects of national importance
Natural gas transmission pipeline Ghergheasa – Focșani, as well as natural gas transmission pipeline Prunișor – Orșova – Băile Herculane…
235 million euro for the development of gas distribution networks can be accessed from August 17 (MFE)
The first amount of 235 million euro of the one billion provided by the Government for the development of natural…
Explosion on the Bulgaria-Greece transit pipeline
An explosion took place this morning on the Bulgaria-Greece natural gas transit pipeline in the Kulata area of Bulgaria. The…
CITR found a buyer for RAFO Onești refinery – 6 million dollars
The company Roserv Oil, part of the GRAMPET Group, acquired the industrial platform of the RAFO Onești refinery, announced CITR,…
A. Dumitriu (Chimcomplex): Romania needs a country plan for the chemical industry
It is time to have a strategic thinking and a country plan related not only to energy, but also to…