OMV Petrom: Nothing has changed in the decision about the Black Sea exploitation – we have not taken any new decision
OMV Petrom’s new report released last week led some analysts to interpret that the company would have taken a new…
High-tech solutions for Rompetrol Rafinare’s transports
Rompetrol Rafinare, a member of the KMG International Group, together with its main partner for domestic rail transport, Romanian Rail…
Transgaz has signed the Memorandum of Understanding to take over the gas to be produced by Black Sea Oil & Gas
On Monday, May 6, SNTGN Transgaz SA signed the Memorandum of Understanding on the use and development of the natural…
MOL Group announces a global profit before tax of USD 500 mln. and rising diesel sales in Romania
Bogdan Tudorache Mol posted an EBITDA of over USD 500 million in the first quarter of 2019, the company said.…
Petrom announces sales up 11% in Q1
Bogdan Tudorache OMV Petrom announced consolidated sales increased by 11% compared to Q1/18, to 5.4 billion lei supported by higher…
Transgaz greenlighted to start the 360 mln. euro works at the Podisor pipeline
Bogdan Tudorache The Ministry of Energy has issued the decision that allows Transgaz to start the works of the Podişor…
EU plans sharp hike in U.S. energy imports as trade lever
The European Union will seek to double imports of liquefied natural gas (LNG) from the United States by 2023, as…
Poland’s energy ministry decides to release 800,000 tonnes of mandatory oil reserves
Poland’s energy ministry said it has decided to release mandatory oil reserves following the suspension of contaminated oil deliveries from…
Oil Terminal signs a 30 million-dollar contract with Oscar Downstream
Oil terminal has signed a new Downstream Oscar transport contract. The contract, worth 30.5 million ROL excluding VAT, provides for…
On May the 2nd the last orders were issued for starting work for Ungheni-Chisinau
Vestmoldtransgaz issued on Thursday the last three orders for the start of the works related to the Ungheni-Chisinau gas pipeline,…
Romgaz offers dividends of more than 1.2 bln. lei, pays 363 mln. for GEO 114
Romgaz reported a net profit of more than 1.3 billion lei for the year 2018 and will provide dividends of…
Transgaz shareholders reject both dividend proposals, summon OGSM again on June 6, with the same proposals
Transgaz shareholders rejected yesterday the dividend proposals made by the company and government, but proposed the same figures for a…
MOL says that BRUA constructions works have started
Hungarian company MOL, that owns the national gas transporter FGSZ, announced that the BRUA works have started. “The construction works…
Gazprom sees output falling as EU gas demand declines this year
Gazprom PJSC is sticking with a conservative natural gas production outlook for 2019 as warm weather and growing competition from…
Iraq will deliver third-biggest chunk of new oil over next decade, IEA
Iraq will be the third-biggest provider of new oil supplies over the next decade, boosting its production by almost 30…
BRM discusses with a foreign counterpart a partnership for the introduction of sophisticated instruments
While OPCOM is seeking to privatize and take over the central counterpart service from the entity to be set up…
Depogaz: Compulsory gas stocks need to grow
Compulsory gas stocks will also grow this year, after last year’s increase and, according to Depogaz officials, they have to…
Petrom and Romgaz will supply half of domestic gas output at capped prices
The main gas producers in Romania, OMV Petrom and Romgaz, are obliged by the National Regulatory Authority for Energy (ANRE)…
Oil hits highest since November as U.S. tightens Iran sanctions
Oil prices hit their highest since November on Tuesday after Washington announced the end of all waivers on imports of…
Stab (Engie): 90% of the isolated villages can’t afford gas connection, as costs reach 3,000 euro
Only one in ten potential consumers in remote villages can afford gas connection, as costs rise up to 3,000 euro,…
Petrom announces an investment budget of nearly EUR 876 mln. for 2019
The Ordinary General Meeting of Shareholders approved OMV Petrom’s budget for 2019, according to a company statement. It is estimated…
PwC: The oil and gas sector is becoming attractive and offers stability, electricity is more volatile
A PwC Romania study (Valuation multiples in the context of Bucharest Stock Exchange and local M&A market), that has compared…
EY: Oil and gas are leading the M&A sector in Romania
Despite an increasingly complex geopolitical environment, global appetite for mergers and acquisitions (M&A) marks a record of the past 10…