Nagy-Bege: We don’t have the luxury to postpone investments in Black Sea
Black Sea gas production must start in two to three years, otherwise it will be too late and we will…
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Exploration & production
Mark Beacom: BSOG will extract the first molecule of gas from The Black Sea by year-end
Black Sea Oil and Gas (BSOG) will complete its first gas project at the Black Sea by the end of…
MOL announces rising profit, sales in Romania advance by 3-4%
Bogdan Tudorache The MOL Group announced a $664 million CCS EBITDA operating result for Q1 2021, 7% more than the…
Energy Policy Group and OMV Petrom to pilot CO2 capture in a Horizon 2020 project
The EU-funded ConsenCUS project, funded by the Horizon 2020 program, starts in early May. As a Member of the consortium,…
Rystad Energy – Global oil demand to peak in 2026
The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years…
Cost reductions with new Shell oils
In the pandemic, the industries must adapt to the new requirements of reducing carbon emissions, while adopting cost-cutting solutions, said…
Aristotel Jude: Five-year strategy and new priorities for Romgaz, new four-month term
Bogdan Tudorache For the current management of Romgaz, it was not easy to take over the initial two-month mandate, especially…
Europe builds 87 bln. euro worth of fossil gas assets – report
Europe is already building or planning to build €87 billion worth of fossil gas infrastructure in a continued expansion of…
ANRM: Romania’s interest is for investments in Black Sea gas to start in 2022
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 slightly decreased in Q1
OMV Petrom’s hydrocarbon production in the first quarter of this year (Q1) was of 138,900 barrels of oil equivalent (boe)/day,…
Crude oil prices rise after OPEC meeting
The price of a barrel of oil rose on Thursday after the OPEC + group (composed of the Organization of…
Energy Minister: Offshore law to be amended by summer
The offshore law will be amended by the end of this parliamentary session, meaning this summer, Energy Minister Virgil Popescu…
Christina Verchere: OMV Petrom is part of the solution for the energy transition
The energy sector went through its hardest year, but managed to resist, said Christina Verchere, CEO OMV Petrom, at the…
Gabriela Dan-Unterseth: ACROPO is at the disposal of investors, we are here to help them
The Competent Authority Regulating Offshore Oil Operations in the Black Sea – ACROPO has open doors for investors now, “present…
Răzvan Nicolescu, proposed by the Romanian state for the Supervisory Board of OMV Petrom
The Romanian state, through the Ministry of Energy, proposed Răzvan Nicolescu to be part of the Supervisory Board of OMV…
Energy minister: The government can unilaterally denounce oil agreements
Government can unilaterally denounce the oil agreements, for reasons of national security, after the Parliament approved an emergency ordinance in…
Gabriela Dan-Unterseth is the new President of the Authority for Regulating the Offshore Oil Operations at the Black Sea – ACROPO
Gabriela Dan-Unterseth was appointed in the position of president, with the rank of state secretary, of the Black Sea Offshore…
Alina Popa, OMV Petrom: Amendments to the Offshore Law should follow three important directions
OMV Petrom’s CFO, Alina Popa, considers that the amendments to the Offshore Law should follow three important directions. “The first…
Romgaz’s net profit rose 15% in 2020, despite declining gas sales
Romgaz obtained a net profit of 1.25 billion lei last year, up 15.14% compared to 2019, but the company’s turnover…
Sensors for turning a classic engine into a smart one
ABB has a history of more than 90 years in Romania – “We are part of the digital transformation race…
Minister of Energy: Romgaz will submit an offer in the next two months for Exxon’s participation in the Neptune project
Romgaz will submit an offer to take over Exxon’s participation in the Black Sea deep gas project in the next…
C. Prună: Black Sea gas gains must be fair to both the state and investors
The gains from the exploitation of Black Sea gas must be fair, both for the Romanian state and for investors,…
Camelia Ene: MOL Group will invest USD 1 bln. over the next five years
Bogdan Tudorache The MOL Group will invest USD 1 billion over the next five years as a result of a…