JT Grup Oil inaugurates the 130 mln. lei terminal in Constanța, has major investment plans
Jean Paul Tucan and Bogdan Aldea, founders of JT Grup Oil, together with Steluța Lebidov, CFO and Sorin Valeriu Naș,…
Transgaz gets a syndicated loan of about 1.9 bln. lei
Transgaz, the operator of the national natural gas transportation system, signed a syndicated loan contract in the total amount of…
Rompetrol Traineeship program reaches its 24th edition
KMG International (Rompetrol) launched the training program dedicated to technical students and graduates, a tradition of over 20 years through…
Verchere: Neptun Deep stays on course, 2024 will see a total Capex of 8 bln. lei
OMV Petrom entered its most intensive investment period in its hystory and the overall Capex will reach this year about…
Neel: Romania will reach 90% gas storage capacity by the end of the summer season
Romania will reach 90% gas storage capacity by the end of the summer season, and this will help prepare for…
OMV Petrom reported 178% higher net profit in H1
OMV Petrom closed the first half of this year (H1) with a net profit of almost 2.63 billion lei, up…
Romgaz hydrocarbon production increased in H1 by 4.6%
Romgaz recorded in the first half of this year (H1) a total production of hydrocarbons of 16.12 million barrels of…
ANRE launches a draft order that eliminates the need for special authorization for hydrogen installations
The energy regulatory authority ANRE launched in public debate a new “Draft Order for the approval of the Regulation for…
Bulgaria collects 111 mln. euro in windfall tax from energy firms in 2023
In 2023, Bulgaria collected 217 million BGN (about 111 million euro) from a windfall tax on firms in the oil,…
INS: Romania’s crude oil production fell by 3.8% in the first 5 months
Romania produced, in the first five months of 2024, a quantity of crude oil of over 1.132 million tonnes of…
Lukoil stops supplying oil to Hungary after Ukraine tightened sanctions
Hungary and Russia are looking for a solution so that the Russian oil group Lukoil PJSC can resume oil deliveries…
Rompetrol Rafinare completes a new investment worth USD 13 mln.
Rompetrol Rafinare, a KMG International Group (Rompetrol) member company, has recently finalized modernizing the Delayed Coking Unit (Cx) of the…
AMEPIP management resigned; the selection for a new management team will be started
The management of the Agency for the Monitoring and Evaluation of the Performance of Public Enterprises (AMEPIP) presented its resignation,…
Turkey to increase EU gas exports if the level of demand is guaranteed
Turkey is ready to sell more natural gas to the European Union, but wants long-term commitments that justify the necessary…
The ministry’s answer: We are working on the re-liberalization of the market
The Ministry of Energy is working together with other ministries on the re-liberalization of the energy market and targeted support…
Suppliers request the start of preparations for the re-liberalization of the electricity and natural gas market
The Romanian Energy Suppliers Association – AFEER requests the authorities to urgently start preparations for the re-liberalization of electricity and…
Prosumers’ Association: The heat showed us how fragile we are from an energetic point of view
The heat of the last period showed us how fragile we are from an energy point of view, and a…
Bulgaria: Bulgargaz could transfer part of BOTAS agreement rights to third parties
An informal agreement was reached on the possibility of Bulgargaz offering for transfer part of the rights under its agreement…
IEA: Oil demand growth continues to slow
Oil demand growth continued its slowing trend in the second quarter of this year, registering an increase of 710,000 barrels…
MET Group signs long-term deal with Shell to supply US LNG
Swiss company MET Group has concluded a FOB (Free-On-Board) purchase agreement for long-term liquefied natural gas by signing a 10-year…
Lóránt Antal: Electricity consumption decreased by 8%, and gas consumption by 21%, in the last three years
Romania’s electricity consumption decreased by 8%, and natural gas consumption decreased by 21% in the last three years, said the…
Ukraine discusses sending natural gas from Azerbaijan to the EU
Ukraine is discussing the sending of natural gas from Azerbaijan to the European Union, in the context of which it…
Petromidia Refinery celebrates 45 years of activity
Petromidia Refinery, one of the most important refineries in the region and the largest profile unit in the country, is…