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…
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Exploration & production
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…
Romgaz has started the procedure for obtaining a financing of 1.6 bln. lei, to cover a part of the transaction with Exxon
Romgaz has started the procedure for obtaining a financing of 1.6 billion lei, to cover a part of the transaction…
Havrileț: Gov’t doesn’t take into account a cap on producer prices
The price of gas for the winter of 2022-2023 will fall by half compared to this winter, and the Government…
President of Romania officially talks about supporting the OMV Petrom – Romgaz partnership in the Neptun Deep project
The President of Romania, Klaus Iohannis, received on Thursday, September 16, 2021, at the Cotroceni Palace, the OMV Group delegation,…
Popescu: Capping the price of energy is not a solution, it involves postponing investments such as those in the Black Sea
Capping the price of natural gas and energy is not a solution, because it involves expelling investors or postponing investments…
PwC: Black Sea Natural Gas – Investments need to be made now
The subject of natural gas reserves in the Black Sea has been intensely debated in public space over time. The…
Rompetrol Well Services – 70 years with the Romanian oil and gas industry
Rompetrol Well Services (RWS) celebrates 70 years since it was founded in 1951. Currently, the company from Ploiesti is a…
Digital transformation, a new stage of the oil and natural gas sector in Romania
In the age of digital technology, rapid access to applications and big data sets becomes the “fuel” for the development…
Gal, ANRM: The process of entering the development and exploitation phase of the Black Sea gas must be accelerated
The process of entering the development and exploitation phase of the Black Sea gas must be accelerated, because after 2030…
Vlăsceanu: Today we pay for the decisions that were not taken 20 years ago
We are talking about removing coal from the energy mix, as if we have found out just now, and for…
Eric Stab: The energy transition in Romania will need investments of 70 billion euros by 2030
The investments necessary for Romania’s energy transformation amount to 70 billion euros, by 2030, according to the Foreign Investors’ Council…
OMV Petrom’s capitalization has increased more than 15 times in the last 20 years
OMV Petrom (SNP), the largest integrated energy company in South-Eastern Europe, has managed to increase its market value more than…
FP: Net profit of 1.8 bln. lei in H1, mainly due to OMV Petrom and Hidroelectrica
Fondul Proprietatea achieved a net profit of 1.8 billion lei in the first half of 2021 (H1), compared to a…
The price of natural gas is rising, amid declining production and more expensive imports
Romania’s natural gas production fell below 9 billion cubic meters (bcm) in 2020, to its lowest level since 1970, since…