RIGC 2021: Black Sea Resources, essential for energy security and the green transition in Romania
The resources discovered in the Black Sea offer Romania the chance to become the main producer of natural gas in…
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Exploration & production
Franck Neel, OMV Petrom: In the next 10 years we will reposition our portfolio to gas, but we will also have 1 GW of renewables
OMV Petrom’s new strategy for 2030 includes an investment of 11 billion euros, with a strong focus on the energy…
Sources: Romgaz-Exxon deal for the Neptune Deep takeover, approved “without any problems”
Although it was postponed at the first shareholders’ call, which took place yesterday, the transaction by which Romgaz takes over…
Maximescu, OMV Petrom: We could have had gas from the Black Sea, instead we freeze in the Parliament Palace
Gas production in the Black Sea should have started this winter, if the authorities had adopted the legislation in time…
OMV Petrom plans to invest 11 bln. euro by 2030, as part of a new strategy
OMV Petrom will invest 11 billion euro by 2030 to reduce carbon emissions, this being the largest private investment plan…
Gazprom will increase its investments in 2022 to $24 billion
Gazprom announced on Thursday that its management team has approved an investment program worth 1,760 billion rubles ($24 billion) for…
OMV Petrom launches a new project for the development of digital skills of employees
OMV Petrom has launched a project to develop employees’ digital skills, “Digital Training Skill”, worth 2 million lei, co-financed by…
US throws in the market more oil to control prices
The US will release 50 million barrels of oil from the strategic reserve in a concerted action with China, Japan,…
Romgaz will complete in the Q1 of 2022 the transaction with Exxon for taking over the Neptun Deep stake
Romgaz will sign the contract with Exxon to take over the 50% stake in Neptun Deep Black Sea gas field…
IEA: Rising oil prices will slow as supplies rise
The growth momentum in the oil market could slow down, as prices that have reached the highest level in the…
Government approves Dacian Petroleum to take over 40 fields from OMV Petrom
The Government approved the transfer of the rights and obligations related to a number of 40 oil concession agreements, regarding…
MOL: Upstream and Petrochemical segments boosted Q3 results, but global market turmoil generates unpredictability
Today, MOL Group announced its financial results for the third quarter of 2021, according to a release received by Energynomics.ro.…
Romgaz is convening shareholders to approve the $1 bln. deal with Exxon
Romgaz convenes, on December 9 and 10, the Ordinary and Extraordinary General Meetings of Shareholders to approve the transaction regarding…
FPPG: The natural gas in the Black Sea is the only solution for Romanian energy security
The natural gas in the Black Sea is the only solution for Romania to secure its access to energy, affirms…
OMV Petrom – net profit up 103% at nine months
OMV Petrom Group reported in the first nine months a net profit of 1.68 billion lei, 103% higher than in…
EU climate and infrastructure agency admits end of fossil fuel projects still far away
The director of CINEA, a recently established EU agency managing €55 billion in EU funding for clean energy and transport,…
EU renewables surpassed fossil sources for the first time last year
European Commission on Tuesday adopted reports on the state of the energy union in 2021, which assess the EU’s progress…
Oil could hit $100 a barrel this winter
Market participants speculate that oil could reach $100 a barrel in the winter and that natural gas prices, currently around…
Dan-Dragoș Drăgan: Romgaz and Exxon deal will be completed this year
The result of the negotiations between Romgaz and Exxon Mobil in order to take over by the largest domestic gas…
Beacom: Romania could have avoided natural gas price spike if it had responsible development in the Black Sea
There is a temporary price peak at the level of natural gas, but this could have been totally avoided if…
Popa, BNR: It is ironic and sad that the state does not create the legal and fiscal framework for offshore gas exploitation
Romania has vast energy resources but the state does not allow their exploitation, says Cristian Popa, member of the Board…
ClientEarth warns EU not to include natural gas in list of “green” investments
ClientEarth has warned the European Union that it will violate its own legislation if investments in energy produced from natural…
Romgaz and ExxonMobil extend the period of exclusive negotiations on the Black Sea Neptune project
Romgaz and ExxonMobil Romania agreed, on Tuesday, to extend until November 15, 2021 the exclusivity period for the negotiation regarding…