Verchere: High gas prices are not reflected in profit, with a tax rate of 47%
High gas prices are not reflected in OMV Petrom’s results due to extremely high taxation – in 2021, the effective…
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Exploration & production
Bogdan Aurescu: Gas crisis in Moldova – case study for Russia’s hybrid war
Bogdan Aurescu, the Romanian Foreign Minister, spoke in a CNN interview about the natural gas crisis in the Republic of…
Cristian Păun: The incompetence and ignorance of politicians, to blame for the current energy situation
To accuse the market and liberalization of the current situation in energy and gas betrays an acute lack of logic…
EC: Debate on the inclusion of gas and nuclear in the taxonomy
The European Commission on Wednesday debated the proposal to classify nuclear energy and gas as green sources of energy transition,…
AEI: Romania should exploit shale gas, we need a strategy and correct information of citizens
The price of gas has risen, making shale gas exploitation profitable, and Romania has a huge chance to increase its…
Eurostat: Fossil fuels have continued their downward trend in the 2020 mix
Although oil (34.5%) and natural gas (23.7%) were still the most important energy source in the EU’s energy mix in…
Gazprom: Gas volume in European deposits fell by almost 27% as compared to 2021
Less than a fifth of the volume of gas pumped in the summer season is now filling the European underground…
Bulgaria: 78 mln. euro EU grant to expand gas storage facility
A project to expand the underground gas storage facility in Chiren, northwestern Bulgaria, will be funded with a 78 million…
Romania’s crude oil production fell by 4.1% in the first 11 months of 2021
Romania produced, in the first 11 months of 2021, a quantity of crude oil of over 2.848 million tons of…
Romania will have a surplus of 1 bln. cm of natural gas for next winter
Romania will have a surplus of one billion cubic meters of natural gas next winter, which will come from the…
Norway invested 15 bln. euro in oil and gas in 2021
Norway, the largest exporter of gas and oil in Western Europe, announced that investments in this field last year amounted…
OMV Petrom’s gas production fell 14.5% in Q4
OMV Petrom’s gas production was 14.5% lower in the last quarter of last year (Q4) compared to the same period…
Romgaz: Neptune Deep deal needs clarifying some issues
The signing of the sale-purchase contract for ExxonMobil Exploration and Production Romania Limited shares has not yet taken place, as…
OPEC: Global oil demand will return to pre-pandemic levels in 2022
The elected secretary general of the Organization of the Petroleum Exporting States said on Monday that global oil demand should…
OPEC and Russia decide on Tuesday whether to increase oil supply
Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers decide on Tuesday whether to increase their supply…
South Africa: Court suspends seismic exploration of Shell – unprecedented victory for greens
A Shell project involving a ten-second shock wave in the ocean to search for oil and gas off one of…
OMV Petrom: Employee remuneration is at competitive levels for the relevant oil and gas industry
The remuneration of OMV Petrom employees is at competitive levels for the relevant oil and gas industry and includes fixed…
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…
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…