European Energy wants to produce green hydrogen and e-methanol in Romania as well
The Danes from European Energy aim to develop plants for the production of green hydrogen and e-methanol in Romania, after…
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Exploration & production
Romania’s crude oil production fell 3.9% in the first five months of 2023
Romania produced, in the first five months of 2023, a quantity of crude oil of 1.177 million tons of oil…
TotalEnergies signs 27 bln. USD energy deal with Iraq
Iraq and French oil company TotalEnergies signed a 27 billion USD energy deal on Monday aimed at boosting crude oil…
Greenpeace considers Neptun Deep a new threat to the Black Sea and coastline
Life in the Black Sea is in danger, and the decision to invest in Neptun Deep is a catastrophic one…
It’s official: OMV Petrom and Romgaz announce the investment decision for Neptun Deep, shares rising
OMV Petrom and Romgaz have approved the development plan for the Domino and Pelican Sud commercial natural gas fields in…
OMV Petrom and Romgaz will invest 4 billion dollars in the Neptune Deep project in the Black Sea
OMV Petrom along with its partner Romgaz, has made the Final Investment Decision for the development of the Neptune Deep…
OMV Petrom discovered new crude oil and natural gas resources in Romania
OMV Petrom, the largest integrated energy company in Southeast Europe, announces that it has discovered new crude oil and natural…
Rompetrol Rafinare – higher turnover and profit, in spite of the drop in oil prices
Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), reached, in the first quarter of 2023, a consolidated gross…
E-Infra: Nova Hydrogen Production starts the 5MW Nervia project
Nova Hydrogen Production, part of the E-Infra group, announces the start of the 5MW-Nervia hydrogen plant project, according to a…
Romgaz shareholders approve the increase of the BCR credit line to 630 mln. lei
Romgaz (SNG) shareholders approved on Thursday the increase of the ceiling of the credit facility concluded with BCR, by 210…
OMV Petrom’s hydrocarbon production falls by 4% in Q1
OMV Petrom achieved in the first quarter of 2023 (Q1) a hydrocarbon production of 116,300 barrels of oil equivalent per…
Petromidia refinery has returned to optimal operational capacity
Petromidia Năvodari refinery has returned to optimal operational capacity, following the successful completion of the programmed technological operations carried out…
OMV Petrom will invest 600 mln. lei in Neptun Deep this year, total investments up 70%, to 6 bln. lei
OMV Petrom will increase the level of investments in the next period to 6-7 billion lei anually. Thus, this year…
Romgaz has not concluded any contract to lease Neptun Deep capacity
Romgaz (SNG) or its affiliate Romgaz Black Sea Limited do not have any concluded or ongoing contracts aimed at the…
Norway announces the discovery of a substantial deposit of minerals and rare metals
A “substantial” amount of metals and minerals, ranging from copper to metals called “rare earths”, was discovered following a Norwegian…
Chairman of the Management Board of KazMunayGas visits Petromidia platform
The Chairman of the Management Board of KazMunayGas (KMG), Magzum Myrzagaliyev, has paid today an official visit to the Petromidia…
Kuwait increases Diesel exports to Europe amid Russian embargo
Kuwait wants to exponentially increase its exports of Diesel and kerosene to Europe this year, which will help the continent…
OMV and its partners to invest USD 921 million in a gas field in Norway
Austrian group OMV and its partners have decided to invest 9.1 billion Norwegian kroner ($921 million) to develop a gas…
Romania’s crude oil production fell 6.2% in 10M of 2022; imports up by 31%
Romania produced, in the first ten months of 2022, an amount of crude oil of over 2,436 million tonnes equivalent…
OMV Petrom confirms the submission of the commercial discovery statement by the Neptun Deep concession holders
OMV Petrom confirms the submission of the declaration of commercial discovery to the National Agency of Mineral Resources by the…
Hungarian government scraps price cap on fuels as shortage worsens
Hungary’s government scrapped a price cap on fuels on Tuesday after a lack of imports and panic buying led to…
IEA: Europe could face a gas crisis in the winter of 2023-2024
Europe should face a gas supply crisis in the coming months thanks to sizeable reserves, although the continent could face…
Oil price at 10-M minimum, an increase in OPEC production is expected
Oil prices continued their downward trend on Monday amid speculation that Saudi Arabia and other OPEC members are discussing an…