Neptun Deep: The mobile offshore drilling unit has arrived in Romania
Neptun Deep is progressing on schedule with first natural gas deliveries in 2027 OMV Petrom, the largest integrated energy producer…
Hubati: Neptun Deep will reach a maximum level of production as early as 2028
Production from the most important offshore project in Romania, Neptun Deep, will reach a peak level as early as 2028,…
Progress in Neptun Deep project: construction of the production platform advances
OMV Petrom, the largest integrated energy producer in Southeast Europe, operator of the Neptun Deep project, announces the start of…
OMV Petrom is using a new automatic drilling technology for the first time
OMV Petrom, the largest integrated energy producer in Southeast Europe, is running a new drilling campaign using a state-of-the-art automated…
ING tightens restrictions on oil and gas financing
The Dutch banking group ING Groep NV is further restricting access to financing for some oil and gas companies and…
Romania’s crude oil production decreased by 3.8% in the first 6 months
Romania produced, in the first semester of 2024, a quantity of crude oil of over 1.353 million tons of oil…
MOL Group posted a 19% increase in profit in S1, to USD 916 mln.
The MOL Group recorded, in the first half of this year (S1), a pre-tax profit of 916 million dollars, up…
Verchere: Neptun Deep stays on course, 2024 will see a total Capex of 8 bln. lei
OMV Petrom entered its most intensive investment period in its hystory and the overall Capex will reach this year about…
ANRE launches a draft order that eliminates the need for special authorization for hydrogen installations
The energy regulatory authority ANRE launched in public debate a new “Draft Order for the approval of the Regulation for…
INS: Romania’s crude oil production fell by 3.8% in the first 5 months
Romania produced, in the first five months of 2024, a quantity of crude oil of over 1.132 million tonnes of…
IEA: Oil demand growth continues to slow
Oil demand growth continued its slowing trend in the second quarter of this year, registering an increase of 710,000 barrels…
OMV improved the estimates for 2030; becoming a leader in the energy transition, a priority
The Austrian group OMV, the majority shareholder of OMV Petrom, announced on Thursday that it has revised upwards its estimates…
IEA: Oil demand has peaked, there is a major surplus
World oil markets are facing a “major” surplus this decade because the abandonment of fossil fuels leads to a flattening…
OMV Petrom injects 750 mln. euro in Petrobrazi’s sustainable fuels production
OMV Petrom, the largest integrated energy producer in Southeast Europe, will invest around 750 million euros in Petrobrazi to transform…
Transgaz builds the supply pipeline of the Mintia plant, an investment of 60 mln. euro
The Minister of Energy, Sebastian Burduja and the General Director of Transgaz, Ion Sterian, signed a financing contract for the…
OPEC extends the period of oil production reduction until 2025
OPEC+ agreed on Sunday to extend most of the big oil output cuts to 2024 but begin phasing them out…
Budget of 362 mln. euro for gas production of energy in the thermal sector
The guide related to the state aid scheme which finances with almost 362 million euros the development of gas production…
Impact of NZIA on the Romanian oil and gas industry: Market interventions and CO2 injection obligations
The Oil and Gas Employers’ Federation (FPPG) notes the adoption, this week, of the Net Zero Industry Act (NZIA) by…
Romgaz will launch a first issue of international bonds, worth 500 mln. euro, in July
Romgaz’s first international bond issue, worth 500 million euro, is scheduled for mid-July, said the company’s general manager, Răzvan Popescu.…
Rompetrol Rafinare invests 16 mln. USD in new reactors for Petromidia refinery
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of…
Maximescu: Neptun Deep is waiting for the environmental impact assessment and construction authorization
The Neptun Deep project is in the stage of obtaining the environmental impact assessment and we hope that, by the…