Romania must pay OMV damages worth 287 million lei
The Arbitral Tribunal issued on July 9, 2020 the final decision in the arbitration initiated by OMV Aktiengesellschaft (OMV AG)…
OMV Petrom’s profit fell by 56% in the first half of the year
OMV Petrom’s net profit in the first half of the year was of 867 million lei, down 56% compared to…
OMV intends to issue 1.5 billion euro bonds for the acquisition of Borealis
Austrian energy group OMV AG has announced plans to issue a new bond issue of up to €1.5 billion ($1.8…
Russian gas giant Gazprom to start producing clean hydrogen
Russia’s gas giant Gazprom will start producing “clean”, that is, zero-emission, hydrogen beginning in 2024 under a new government plan…
OMV Petrom sued ANRE’s obligation to sell gas with a capped starting price on stock exchanges
OMV Petrom asked the court to cancel the order issued in May by which the National Energy Regulatory Authority (ANRE)…
OMV Petrom becomes the first company in Romania to support the TCFD recommendations
OMV Petrom announces its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) on climate…
OMV Petrom: Fuel consumption will decrease by 10% this year and will not recover in 2021
Fuel consumption will fall by 10% this year due to the coronavirus pandemic, and demand will not return to pre-pandemic…
Verchere: Offshore Law delays erode Neptune Deep project
Black Sea gas may help Romania recover economically post-pandemic, but changes to the Offshore Law are delayed, eroding the economic…
Two gas pipelines become projects of national importance
Natural gas transmission pipeline Ghergheasa – Focșani, as well as natural gas transmission pipeline Prunișor – Orșova – Băile Herculane…
235 million euro for the development of gas distribution networks can be accessed from August 17 (MFE)
The first amount of 235 million euro of the one billion provided by the Government for the development of natural…
Explosion on the Bulgaria-Greece transit pipeline
An explosion took place this morning on the Bulgaria-Greece natural gas transit pipeline in the Kulata area of Bulgaria. The…
CITR found a buyer for RAFO Onești refinery – 6 million dollars
The company Roserv Oil, part of the GRAMPET Group, acquired the industrial platform of the RAFO Onești refinery, announced CITR,…
A. Dumitriu (Chimcomplex): Romania needs a country plan for the chemical industry
It is time to have a strategic thinking and a country plan related not only to energy, but also to…
Transgaz’ reply to ANRE’s statements on BRUA: They are not in line with professional ethics
The national gas carrier Transgaz considers that its image may suffer due to the statements made by a representative of…
Gas grid operators unveil billion-euro plan for European hydrogen infrastructure backbone
A group of eleven European gas infrastructure companies from nine EU member states presented a plan to create a hydrogen…
ADX Energy – forced by the coronavirus to postpone the evaluation of a probe in Romania
The Australian company ADX Energy, which owns 50% of the Parța hydrocarbon concession in Timiș County, had to postpone the…
We released the 27th issue of the Energynomics Magazine – once again fully accessible online!
The 27th edition of Energynomics Magazine was launched on Thursday, July 23rd; it is fully and freely accessible like all the other…
Romanian renewable industry demands a revision of the agricultural land law
The proposed amendments in the field of legislation with an impact on agricultural land sales do not take into account…
Romanian consumers will have to pay starting next year for the BRUA pipeline
Gas transmission tariffs will increase next year, after the BRUA pipeline will be put into use, as there are no…
Oil companies are calling for a review of the law on the sale of agricultural land
The Romanian Association of Oil Exploration and Production Companies (ROPEPCA) considers that the law that modifies the conditions of sale…
Oscar Downstream turnover increases by 12% in 2019
Oscar Downstream, the largest independent player in the oil market, controlled by Alin Niculae, recorded a turnover of 2.9 billion…
S. Birrell: We need free markets, digitization, less bureaucracy
Romania is one of the four biggest hydrocarbon-producing countries in Europe, said Stephen Birrell, President of ROPEPCA, at the Energy…
Transgaz opens a 300 mln. lei credit line at Banca Transilvania
Bogdan Tudorache Transgaz signed a new credit agreement with bank guarantees with Banca Transilvania on Thursday. The 300 million lei…