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…
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Exploration & production
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…
Canada’s Tenaz Energy is looking for acquisition targets in the Romanian oil sector
The Canadian company Tenaz Energy is looking for opportunities to enter the Romanian oil and gas market. The company’s business…
D. Chisăliță: The new Ordinance leads to rising prices and the collapse of the energy system
Dumitru Chisăliță, President of the Intelligent Energy Association Romanian energy system entered into crisis in 2017-2018. Statistically, it was the…
European refinery production decreased by 0.8% in July
European refineries produced 9.579 million barrels per day (bpd) of oil products in July, down 0.8% from the same period…
Croatia invests 180 mln. euro to increase gas capacities
Croatia will invest 180 million euros ($182.32 million) to build a new gas pipeline and significantly increase the capacity of…
Erdogan launches new gas exploration campaign in Eastern Mediterranean
Turkish President Recep Tayyip Erdogan launched a new gas exploration campaign in the Eastern Mediterranean on Tuesday, stating that it…
Romania’s continental resources are running out, there is no coherent strategy
Romania’s onshore resources are gradually depleting and, as in any other field of energy, we have almost no policy that…
Romania’s domestic energy production decreased by 8%, demand decreased by 5%, in H1
Romania’s domestic energy production decreased by 8% in the first six months of the year, and energy demand decreased by…