Oana Bucur, FPPG: Romanian O&G industry needs the declassification of data to adopt new technologies
Romanian Oil&Gas industry needs the declassification of data in order to adopt new technologies, said Oana Bucur, Leader of the…
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Exploration & production
Adrian Boiarciuc, Romgaz: We need new technologies, we need cloud
Romgaz, like all the other companies in the oil and gas industry, needs new, advanced information technology tools, said the…
Virgil Popescu and Hungarian Foreign Minister discuss Black Sea gas and BRUA pipeline
The Minister of Energy, Virgil Popescu, had a working meeting on Thursday with the Minister of Foreign Affairs and Foreign…
Public consultation on future EU rules for reducing methane emissions
The Commission has launched a public consultation on aspects of methane emissions in the energy sector. The objective of this…
Popescu: The offshore law will be amended in 2021, but the exploitation of Neptun Deep can only start in 2024-25
Amending the Offshore Law will take place later this year, but the exploitation of Black Sea gas cannot start earlier…
Turkish state oil company is looking for partners for a natural gas project in the Black Sea
Turkey’s national oil and gas company is looking into partnerships and plans to raise funding this year to carry out…
Verchere: After the amendment of the Offshore Law, it takes 12 months for the investment decision in the Black Sea
OMV Petrom needs a 12-month period to make the decision to invest in the Black Sea gas project, from the…
C. Verchere: Black Sea gas waits to be exploited; fuel demand has fallen sharply
The year 2021 is a critical one for the Black Sea gas, given that the deposits there are ready to…
OMV Petrom achieved a net profit of 1.29 billion lei last year, down 64%
Last year, the OMV Petrom Group registered a net profit of 1.29 billion lei, down 64% compared to the previous…
S&P could downgrade 13 major oil companies, in the background of climate change
Major oil companies received a blow on Tuesday night after one of the main rating agencies, S&P Global Ratings, warned…
ROMGAZ enrolled in the second stage each employee that voluntarily opted for vaccination
ROMGAZ announced that it registered in the second stage each employee that voluntarily opted for vaccination, in compliance with the…
Werner Hoyer, EIB: Gas is over
Bogdan Tudorache Europe needs to acknowledge that its future is no longer with fossil fuels, said the President of the…
OMV Petrom: Investments of EUR 32 mln. in a new drilling campaign at the Black Sea
OMV Petrom, initiated a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea.…
Adrian Volintiru revoked from the helms of Romgaz
Romgaz Board of Directors revoked Adrian Volintiru from position of Chief Executive Officer, announced the company on the BSE website.…
Oil, gas and coal prices rally as cold winter sets in
Higher demand for oil, natural gas, and coal due to colder than usual winter temperatures in many parts of the…
Oil price reaches 11-month high after Saudi Arabia cut production
Oil prices rose to their highest level in February 2020 on Wednesday, after Saudi Arabia agreed to cut production more…
Franck Neel, president of FPPG: The gas producers have been forced again to support the economy
Natural gas is a paramount in reaching the objectives set for the European energy transition to which Romania is a…
OMV Petrom sells production assets in Kazakhstan, will focus on the Black Sea region
OMV Petrom has signed the transaction for the sale of 100% of its stake in Kom-Munai (KOM) and Tasbulat Oil…
Kazakhstan-Romanian Energy Investment Fund, 10 stations and a new concept in 2020
The Kazakh-Romanian Energy Investment Fund completed the construction of a new gas station in 1 Decembrie – Ilfov and reached…
Eximbank USA might co-finance the Neptun Deep project with Romgaz
Virgil Popescu, Minister of Economy, Energy and Business Environment had a working meeting yesterday with a delegation of Eximbank USA,…
Rompetrol continues Georgian expansion
KMG International Group recently opened a new Rompetrol gas station in Georgia, near the tourist resort of Borjomi – famous…
Competition authorized the outsourcing of services by Omv Petrom
Competition Council authorized the transactions through which OMV Petrom SA outsources some general surface operations and services related to the…
MOL completes a new research and development center in Hungary
MOL has inaugurated the new polyol research and development center, named after György Mosonyi, late CEO of MOL, in Százhalombatta,…