Digital transformation, a new stage of the oil and natural gas sector in Romania
In the age of digital technology, rapid access to applications and big data sets becomes the “fuel” for the development…
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Exploration & production
Gal, ANRM: The process of entering the development and exploitation phase of the Black Sea gas must be accelerated
The process of entering the development and exploitation phase of the Black Sea gas must be accelerated, because after 2030…
Vlăsceanu: Today we pay for the decisions that were not taken 20 years ago
We are talking about removing coal from the energy mix, as if we have found out just now, and for…
Eric Stab: The energy transition in Romania will need investments of 70 billion euros by 2030
The investments necessary for Romania’s energy transformation amount to 70 billion euros, by 2030, according to the Foreign Investors’ Council…
OMV Petrom’s capitalization has increased more than 15 times in the last 20 years
OMV Petrom (SNP), the largest integrated energy company in South-Eastern Europe, has managed to increase its market value more than…
FP: Net profit of 1.8 bln. lei in H1, mainly due to OMV Petrom and Hidroelectrica
Fondul Proprietatea achieved a net profit of 1.8 billion lei in the first half of 2021 (H1), compared to a…
The price of natural gas is rising, amid declining production and more expensive imports
Romania’s natural gas production fell below 9 billion cubic meters (bcm) in 2020, to its lowest level since 1970, since…
Exxon launches U.S. shale gas sale to kick-start stalled divestitures
Exxon Mobil Corp has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to…
OPEC says that the Delta version of the coronavirus will not affect oil demand
Although the impact on the world economy of the Delta variant of coronavirus is still a great unknown, the Organization…
Mol Group’s Q2: Strongest quarter ever, full-year guidance upgraded
Today MOL Group announced its financial results for H1 and Q2 2021. In the first six months MOL Group delivered…
Energy Minister: OMV can’t sell Petrom shares without the consent of the Romanian state
OMV cannot sell the shares from Petrom to another company without the consent of the Romanian state, wrote on Facebook…
Romgaz will appoint seven temporary managers, with four-month terms, in September
Bogdan Tudorache The line of temporary appointments in state-owned companies continues, despite previous government promises. Thus, Romgaz convenes, for September…
OMV Petrom – net profit up by 13%, to 980 mln. lei in H1
OMV Petrom ended the first half of this year (H1) with a net profit of 980 million lei, up 13%…
Competition authorizes the EBRD – Vestmoldtransgaz deal
The Competition Council approved the operation by which the European Bank for Reconstruction and Development (EBRD) takes over a part…
Global fuel demand will reach its peak sooner than expected
Demand for petrol and diesel will peak in 2027, four years earlier than previously estimated, as lower-fueled cars and widespread…
Competition authorized the outsourcing of some services by OMV Petrom
Competition Council authorized the transaction through which OMV Petrom outsources some well intervention and repair services, operations related to oil…
Serinus Energy, new gas discovery in Romania
The Polish oil and gas company Serinus Energy, controlled by an investment fund owned by billionaire Sebastian Kulczyk, has discovered…
OMV Petrom’s hydrocarbon production decreased by 3.7% in Q2
OMV Petrom’s hydrocarbon production in the second quarter of this year (Q2) was of 133,700 barrels of oil equivalent (boe)/day,…
PeWeTe has launched in Romania its new regional hub for well services
Petro Welt Technologies (PeWeTe) officially launched its new base of operations dedicated to Romania and the Central and South-Eastern European…
Sources: Exxon may remain in the Neptun Deep project with Romgaz
Exxon could remain an active part of the Neptun Deep project, in order to continue collaborating with the most possible…
Only 40% of Romanians take into account changing their electricity supplier
Less than half of Romanians, respectively 40%, are considering the possibility of concluding a contract for the supply of electricity…
Competition analyzes the outsourcing of services by OMV Petrom
The Competition Council analyzes the transaction through which OMV Petrom outsources some intervention and repair services to wells, operations related…
Gabriela Dan (ACROPO): Cooperation is key to the safety of offshore operations
The Black Sea remains the most important promise for the Romanian energy industry, both because of the available hydrocarbon resources…