Oil Terminal decided to distribute 50% of last year’s profit to shareholders
The shareholders of Oil Terminal (OIL) decided to distribute 50% of last year’s profit, respectively 1.13 million lei, according to…
Romgaz shareholders approved the distribution of dividends worth 620 mln. lei
The shareholders of Romgaz (SNG) approved, today, the distribution of dividends of 535.7 million lei, respectively a gross dividend of…
Minister of Economy: In the short term Romania will not be affected by the drastic drop in US oil prices
Romania will not be affected, in the short term, by the drastic drop in the price of oil in the…
Nicolescu: The oil industry could be helped by giving up bioethanol imports for a while
The state could help the refineries by temporarily giving up bioethanol imports, said former Energy Minister Răzvan Nicolescu. “It is…
Investors hail Shell’s net-zero emissions pledge
Environmentally-minded investor groups have commended Anglo-Dutch oil and gas major Shell for committing to cut emissions to net-zero by 2050…
The price of US oil stays in negative territory at least for one more day
The price of oil has entered the negative territory on the US market, in the context of the wide reduction…
US WTI downs to the lowest prices in 21 years
The US oil price reached its lowest level since 1999, amid lower demand and record stocks. The US benchmark West…
Lungu, AFEER: Suppliers should be supported by low interest loans
Bogdan Tudorache AFEER President Ion Lungu believes that suppliers should be supported by the possibility of being able to get…
Oil prices still low after sharp losses caused by US stockpile surge
Oil prices fell on Thursday after OPEC lowered its global oil demand forecast due to the “historic shock” delivered by…
Romgaz Vs. SIF Moldova: Dividends were affected by the Coronavirus crisis
SIF Moldova (SIF2), a shareholder with investments of 267 million lei in Romgaz, considers that the dividend of 1.61 lei…
ENGIE Romania supports vulnerable people with free home repairs services
In the context of the COVID-19 pandemic, ENGIE Romania supports vulnerable people over the age of 65, from Bucharest, who…
Primary energy resources decreased by 2% in the first two months
Primary energy resources decreased by 2%, in the first two months of the current year, and those of electricity increased…
OMV and Mastercard support five hospitals in Romania with food
OMV Petrom, the largest energy company in South-East Europe, continues to support the efforts of healthcare professionals in the fight…
Rompetrol Bulgaria opened its 56th gas station in the city of Shumen
Rompetrol Bulgaria, a company member of KMG International, officially opened a new gas station in Shumen, town situated 90 km…
Rompetrol continues to support the fight against covid-19 pandemic, through a partnership with Romanian Red Cross
KMG International, under Rompetrol brand, concluded a partnership with the National Society for Red Cross Romania to buy a mobile…
Saudi Arabia buys stakes worth $1 billion in European oil companies
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has accumulated stakes worth about $1 billion in four major…
The FPPG has 7 proposals for the recovery of the O&G sector
Economic recovery can be achieved through large-scale projects, writes the Federation of Petroleum and Gas Employers (FPPG), in a press…
Havrileț: I do not see the danger of price increases for gas and energy; gas market liberalization will take place on July 1
Bogdan Tudorache There is no danger of rising gas and electricity prices, told energynomics.ro Niculae Havrileț, State Secretary for Energy…
Postponement of bills payment: The cash flow required for energy utilities companies would be of 600 mln. euro monthly
Bogdan Tudorache Utility companies would need a cash flow of about 600 million euro a month – or 1.8 billion…
OMV does not exclude the possibility of resorting to lay-offs due to the coronavirus crisis
Austrian OMV Group plans to expand its current four billion euro cost reduction program, said CEO Rainer Seele, who added…
ANRE Order: Transgaz would control the connection works to the gas transmission system
A draft order of the National Energy Regulatory Authority (ANRE), about the connections to the gas transportation system, a deal…
Intelligent Energy Association: The price of natural gas could reach 2008 levels
Bogdan Tudorache In 2008, ANRM issued Order no. 21/2008 regarding the approval of the reference price for natural gas extracted…
MOL Group ensures continuous supply security with optimized operational and financial measures
MOL Group implements measures not only to mitigate the impact of the current situation on the Group, but also to…