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…
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Exploration & production
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…
KMG International: Rompetrol, part of KazMunayGas for 15 years
KMG International – Rompetrol group celebrates 15 years within the National Oil&Gas Company of Kazakhstan – KazMunayGas. With the support…
Hungary badly needs Black Sea gas, but Romania needs to clarify its offshore legislation
Hungary is in great need of gas from the Neptune perimeter in the Black Sea, due to its massive dependence…
Record contribution from OMV Petrom to the state budget – 9 months’ results (P)
Each year, OMV Petrom is one of the biggest contributors to the state budget; in general, it is about 2…
Depogaz will invest in existing deposits, a new deposit in Fălticeni and in renewables
Depogaz Ploiești is the gas storage branch of Romgaz Mediaș. The company operates five storage warehouses with a cumulative capacity…
Gehrig Schultz, EPI Group: Oil and gas still have a role to play in the future energy mix
As the world pushes for the quick replacement of fossil fuels with renewables, we have to think about how this…
Romania has the resources to alleviate the current energy crisis
Romania has the tools and technical conditions to develop its production and storage capacity in order to achieve energy independence…