Calls mount for new OPEC+ deal as oil prices and demand slide
Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as…
OMV Petrom donation of 1 mln. euro, used for the purchase of 10 iPonatic equipment and 300 Covid rapid diagnostic test kits
The Romanian Red Cross, with the financial support of OMV Petrom, purchased 10 COVID rapid test equipments and 300 test…
Chiriţoiu: The price of gas should fall for all consumers from July 1st
The price of gas should fall for all consumers from July 1, when the gas market will be completely liberalized,…
Rompetrol supports the authorities of the Republic of Moldova with fuel in the fight against the spread of the COVID-19 virus
KMG International, through its subsidiary Rompetrol Moldova, will donate 6,500 liters of fuel to the local authorities in Chisinau, Soroca,…
Transgaz teams continue to work on development projects; over 550 people work at BRUA
So far, all the development projects of Transgaz are carried out normally, announces the operator of the national natural gas…
Romgaz gives up the purchase of 20% of Gastrade
Bogdan Tudorache Romgaz gave up the acquisition of 20% of Gastrade, according to a report presented to the Stock Exchange.…
Petrom estimates a net profit decline by 21% in 2020
OMV Petrom estimates for this year a profit of 2.81 billion lei, down 21% on the previous year. The budget…
Price of the liter of gasoline dropped below one euro
OMV Petrom on Thursday reduced fuel costs by 0.10 RON/ l, the price of one liter of gasoline reaching 4.5…
OMV Petrom is ready to continue supply
OMV Petrom has implemented a series of measures to ensure the smooth running of the activities. Christina Verchere, CEO of…
Delgaz Grid, ready to ensure continuity in the supply of electricity and natural gas
Dispatch activities, interventions to resolve incidents and disturbances, as well as maintenance works continue to be normal, but some of…
Romgaz proposes a gross dividend per share of RON 1.61
Bogdan Tudorache Romgaz shareholders will vote in the extraordinary general meeting planned for April 22 a gross dividend per share…
Oil Terminal to approve dividends worth 1.13 million lei
Bogdan Tudorache Oil Terminal convened the general meeting of shareholders for April 23, to approve the company›s dividend policy, the…
Intelligent Energy Association: COVID-19 crisis will generate bankruptcy among gas suppliers
Dozens of natural gas suppliers risk bankruptcy as their customers no longer want to pay for the consumed hydrocarbons and…
Romgaz operates under normal conditions, but investments may be delayed
Currently, Romgaz is operating under normal conditions, without being affected by the evolution of the pandemic. The company focuses on…
Popescu: The liberalization of the gas and electricity markets will continue according to the calendar
The Minister of Economy, Virgil Popescu, says that even in the current context of the coronavirus pandemic the gas and…
Oil industry demands special measures from the Government to prevent fuel supply from being affected
The Federation of Oil and Gas Employers has published a message asking the Government for some derogations from the current…
OMV to sell its 287 gas stations in Germany
The Austrian energy company OMV wants to sell its 287 gas stations in Germany. The company announced its intentions in…
Oil rises over 3% but set for biggest weekly thumping since 2008
Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite rising over 3% on Friday,…
Chisăliță: Gas liberalization might be delayed; there is no political will for it
Bogdan Tudorache The liberalization of the gas market from July 1 may not take place, since there is no political…
General maintenance of the Petromidia refinery, programmed by Rompetrol Rafinare
Rompetrol Rafinare, a member company of the KMG International Group, will stop between March 13 and April 30, 2020 the…
Polish gas firm PGNiG sees tough 2020 as virus disrupts prices
Poland’s state-run gas company PGNiG expects 2020 to be very difficult because of the coronavirus-driven fall in oil and gas…
Romgaz helps the Romanian Red Cross with 1.25 mln. lei in its fight against the coronavirus
Thanks to the help of Romgaz, the Romanian Red Cross acquires and distributes 1 million medical masks for protection against…
V. Popescu: There is no cause for concern regarding the supply of electricity and gas to citizens
Virgil Popescu, Minister of Economy, Energy and Business Environment today convened the Emergency Command at the level of the Ministry…