In 2024, OSCAR Downstream aims at the retail market with its first own petrol stations
OSCAR Downstream will enter the retail market with its own service stations and the first stations will be operational by…
Russia became China’s largest oil supplier, a first since 2018
Russia overtook Saudi Arabia last year to become China’s largest supplier of oil, which highlights the ineffectiveness of the West’s…
Italy could get 2 bln. euro from the sale of a stake in Eni
The Italian government plans to sell a stake of up to 4% in Eni SpA after the oil company completes…
IEA revised upward the estimates regarding oil demand
The International Energy Agency (IEA) has again upgraded its estimates of oil demand growth in 2024, although its projections remain…
Study: Oil and gas sector pays rising taxes to budget
A new study notes a significantly disproportionate evolution of taxation specific to the oil and gas sector for the period…
Romgaz allots 13 mln. lei for the evaluation of the technical condition of the gas pipelinesRomgaz allots 13 mln. lei for the evaluation of the technical condition of the gas pipelines
Romgaz allocates, from its own sources, the amount of 13.74 million lei, without VAT, for the evaluation of the technical…
OMV Petrom’s gas production decreased slightly in the last quarter of 2023
OMV Petrom’s gas production decreased slightly in the last quarter of last year (Q4), to 56,200 boe/d, down 5% compared…
EU gas deposits are still full, in Romania the degree of filling is of 80%
European Union gas storage facilities, heavily in demand for heating in winter, are still more than 82% full as a…
Competition: Barriers to connecting household customers to distribution networks
The Competition Council has identified new barriers in the process of connecting household customers to electricity distribution networks, in a…
Burduja: We called the meeting of the winter energy command
The Minister of Energy, Sebastian Burduja, convened the meeting of the winter energy command on Monday, in order to prevent…
Germany: Gas imports fell by a third last year
Germany’s energy regulator (Bundesnetzagentur) said the country’s gas imports fell 32.6% last year, mainly due to energy savings and cut…
Oil Terminal inaugurates a 55,000 cubic meters storage tank
The Minister of Energy, Sebastian Burduja, participated on Friday, at the Oil Terminal company in Constanta, in the inauguration of…
Gazprom set a new record for daily gas deliveries to China
Russian energy group Gazprom announced on Wednesday that it has set a new record for its daily gas deliveries to…
Russia nationalizes OMV and Wintershall Dea’s stakes in gas extraction projects
The Austrian group OMV and the German company Wintershall Dea will officially lose their stakes in the Russian Arctic gas…
Gazprom estimates a 40% decline in earnings this year
The Russian giant Gazprom expects this year a nearly 40% drop in profit before taxes, interest, depreciation and amortization (EBITDA)…
Oil and gas: Additional taxes and royalties doubled in 2022
In 2022, the total additional taxes and royalties related to the upstream sector of crude oil and natural gas increased…
Equinor delivers 50 bln. euro worth of gas to Germany
The German group Sefe has concluded a 50 billion euro agreement to receive gas from the Norwegian company Equinor, the…
SOCAR continues expansion (Energynomics Magazine)
SOCAR invested about 70 million euros into the local expansion, and the company has 74 fuel stations and over 700…
Romgaz increases its share capital by about 3.5 billion lei
Romgaz decided to increase the share capital by approximately 3.47 billion lei (697 million euros) to include reserves from its…
More than 80% of the execution contracts already signed for the Neptune Deep project
OMV Petrom continues to make progress in the implementation of the Neptune Deep project, with new contracts signed totaling 465…
Delgaz Grid established, in partnership with Topliţa City Hall, the local gas distribution network
Starting from December of this year, the municipality of Topliţa, in Harghita county, is connected to the natural gas distribution…
Azerbaijan to double natural gas exports to Europe
Azerbaijan can meet its goal of doubling natural gas exports to Europe, President Ilham Aliyev said, even though his country…
Ciolacu asks M. Energiei and ANRE to analyze the market speculations of some suppliers who “unreasonably raised prices”
Prime Minister Marcel Ciolacu asked, on Friday, the Ministry of Energy and ANRE to analyze the speculations on the gas…