Rompetrol Rafinare’s results, influenced by market volatility and the turnaround of the Petromidia refinery
Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), recorded in the first quarter of 2024 a gross turnover…
Results of main energy producers – in line with the price drop, the system operators mark significant increases
Major energy-producing companies reported lower profits in the first quarter (Q1) of the current year, hit by falling prices over…
Urluescu: We expect a drop in gas prices
Household consumers’ bills for natural gas will drop to 0.23 and 0.25 lei per kWh in the coming period, well…
Rompetrol Rafinare completed the turnaround of the Petromidia refinery
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), initiated the processes of restarting the production facilities at…
Crețu: Without investments in new CHPs, Bucharest will be without heat and hot water in a few years
The merger between Termoenergetica and ELCEN has been discussed for ten years, but without investments in new CHPs, in a…
Two Chinese firms to invest 2.7 bln euro in Serbia’s energy sector
Serbia’s government said on Thursday that it signed two agreements with Chinese companies that will enable new investments in the…
President of Azerbaijan supports the Black Sea underwater cable project
Bulgaria is an important transit country for neighboring states that receive Azerbaijani gas through its territory, Azerbaijani President Ilham Aliyev…
Norway and the Republic of Moldova signed a MoU for cooperation in the energy sector
Norway and the Republic of Moldova signed a memorandum of understanding on Tuesday to expand cooperation in the energy sector,…
Republic of Moldova will not block Russian gas deliveries to Transnistria
The Republic of Moldova will not block the supply of Russian gas to the separatist region of Transnistria, after the…
Ample energy price fluctuations highlight the need for flexible technologies
Electricity prices are experiencing large fluctuations in Europe, which highlights the need for more flexible assets on this market, reports…
OMV Petrom publishes the Sustainability Report – 1GW green projects planned
OMV Petrom, the largest integrated energy producer in Southeast Europe, has published its Sustainability Report for 2023. It provides an…
Sterian: Romanian companies should contract more external works
Romanian companies should contract more works outside the country, “because many opportunities have started to appear, for example in Africa,”…
Romanian energy and gas prices, among the lowest in the EU
Romania had in the second half of 2023 the third lowest price paid by the population for natural gas and…
Apostol: Excessive regulation and overtaxation make investment decisions difficult
Overtaxation and excessive regulation make it difficult for operators to make an investment decision in various production lines in the…
JT Grup Oil launches its IPO on the AeRO market of the Bucharest Stock Exchange
JT Grup Oil S.A., a company that operates in the fuel distribution market and the developer of Romania’s newest private…
OMV Petrom will invest a record budget of 8 billion lei in 2024, up 71% over 2023
OMV Petrom announces the distribution of record basic dividends of approximately 2.6 billion lei for the financial year 2023. At…
OMV Petrom will test an innovative CCS facility at Petrobrazi
OMV Petrom, the largest integrated energy producer in Southeast Europe, will test a new carbon capture and utilization technology at…
The Romanian Investor Relations Association – ARIR expands with a new relevant member – ROMGAZ
The Romanian Investor Relations Association – ARIR, the promoter of the Investor Relations (IR), expands its footprint and relevance with…
Efficient Romania: The third educational unit modernized with OMV Petrom’s help
OMV Petrom and Energy Policy Group (EPG) announce the completion of the structural consolidation, expansion and energy rehabilitation of the…
Delgaz Grid: About 400 cases of fraudulent consumption identified in the first three months
The Delgaz Grid company identified around 400 cases of potential fraudulent consumption in the first quarter of 2024. The damage…
Call to participate as a Pilot, Learner or Follower in the support service for Citizen-led renovation
The Support service for Citizen-led renovation is an EU initiative which places citizens at the forefront of the energy transition, incorporating building renovations and…
Alina Stoenescu (OMV Petrom): Hydrogen demand will increase in Romania only after 2030
OMV Petrom estimates that the demand for hydrogen in Romania will increase considerably only in the next decade. Green hydrogen…
Green hydrogen is a premium product, impossible to use on a large scale in the gas grid in 2026
Hydrogen from renewable energy is a premium and expensive product, which makes it impossible to switch from gas to hydrogen…