European Bank for Reconstruction and Development has expressed its support and openness to contribute to the modernization of the Romanian…
Black Sea gas production must start in two to three years, otherwise it will be too late and we will…
Black Sea Oil and Gas (BSOG) will complete its first gas project at the Black Sea by the end of…
Bogdan Tudorache The MOL Group announced a $664 million CCS EBITDA operating result for Q1 2021, 7% more than the…
The EU-funded ConsenCUS project, funded by the Horizon 2020 program, starts in early May. As a Member of the consortium,…
The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years…
In the pandemic, the industries must adapt to the new requirements of reducing carbon emissions, while adopting cost-cutting solutions, said…
Bogdan Tudorache For the current management of Romgaz, it was not easy to take over the initial two-month mandate, especially…
Europe is already building or planning to build €87 billion worth of fossil gas infrastructure in a continued expansion of…
Romania’s interest is for the investment in the Neptune Deep perimeter in the Black Sea to start in 2022, otherwise…
OMV Petrom’s hydrocarbon production in the first quarter of this year (Q1) was of 138,900 barrels of oil equivalent (boe)/day,…
The price of a barrel of oil rose on Thursday after the OPEC + group (composed of the Organization of…
The offshore law will be amended by the end of this parliamentary session, meaning this summer, Energy Minister Virgil Popescu…
The energy sector went through its hardest year, but managed to resist, said Christina Verchere, CEO OMV Petrom, at the…
The Competent Authority Regulating Offshore Oil Operations in the Black Sea – ACROPO has open doors for investors now, “present…
The Romanian state, through the Ministry of Energy, proposed Răzvan Nicolescu to be part of the Supervisory Board of OMV…
Government can unilaterally denounce the oil agreements, for reasons of national security, after the Parliament approved an emergency ordinance in…
Gabriela Dan-Unterseth was appointed in the position of president, with the rank of state secretary, of the Black Sea Offshore…
OMV Petrom’s CFO, Alina Popa, considers that the amendments to the Offshore Law should follow three important directions. “The first…
Romgaz obtained a net profit of 1.25 billion lei last year, up 15.14% compared to 2019, but the company’s turnover…
ABB has a history of more than 90 years in Romania – “We are part of the digital transformation race…
Romgaz will submit an offer to take over Exxon’s participation in the Black Sea deep gas project in the next…
The gains from the exploitation of Black Sea gas must be fair, both for the Romanian state and for investors,…