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…
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Exploration & production
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…
Exxon launches U.S. shale gas sale to kick-start stalled divestitures
Exxon Mobil Corp has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to…
OPEC says that the Delta version of the coronavirus will not affect oil demand
Although the impact on the world economy of the Delta variant of coronavirus is still a great unknown, the Organization…
Mol Group’s Q2: Strongest quarter ever, full-year guidance upgraded
Today MOL Group announced its financial results for H1 and Q2 2021. In the first six months MOL Group delivered…
Energy Minister: OMV can’t sell Petrom shares without the consent of the Romanian state
OMV cannot sell the shares from Petrom to another company without the consent of the Romanian state, wrote on Facebook…
Romgaz will appoint seven temporary managers, with four-month terms, in September
Bogdan Tudorache The line of temporary appointments in state-owned companies continues, despite previous government promises. Thus, Romgaz convenes, for September…
OMV Petrom – net profit up by 13%, to 980 mln. lei in H1
OMV Petrom ended the first half of this year (H1) with a net profit of 980 million lei, up 13%…
Competition authorizes the EBRD – Vestmoldtransgaz deal
The Competition Council approved the operation by which the European Bank for Reconstruction and Development (EBRD) takes over a part…
Global fuel demand will reach its peak sooner than expected
Demand for petrol and diesel will peak in 2027, four years earlier than previously estimated, as lower-fueled cars and widespread…
Competition authorized the outsourcing of some services by OMV Petrom
Competition Council authorized the transaction through which OMV Petrom outsources some well intervention and repair services, operations related to oil…
Serinus Energy, new gas discovery in Romania
The Polish oil and gas company Serinus Energy, controlled by an investment fund owned by billionaire Sebastian Kulczyk, has discovered…