Gazprom reports first quarterly post-2015 losses due to falling gas demand in Europe
Gazprom, the world’s largest natural gas producer, reported substantial losses for the first quarter of this year on Tuesday, as…
Large oil companies have set their first targets for reducing emissions
The world’s largest oil companies, including Saudi Aramco, CNPC and Exxon Mobil, have set targets for the first time to…
Popescu: For the moment we do not have a political consensus in the Parliament to amend the Offshore Law
Parliamentary political parties haven’t so far reach to a consensus to amend the Offshore Law and for Black Sea investors…
Minister of Economy: I moved to Electrica and now I pay a 15% lower bill
The Minister of Economy, Energy and Business Environment, Virgil Popescu, stated that he changed his traditional gas supplier three weeks…
MOL has made a gas and condensate discovery in the TAL Block, Pakistan
MOL, as the operator of TAL Block in Pakistan, has made a new gas and condensate discovery. This marks the company’s 13th…
Masahiro Ogata, Energy Strategy Summit: Kawasaki can support the transition from coal to gas and hydrogen
Kawasaki offers gas-based equipment solutions for the local market, but they can be easily transformed to operate on hydrogen, said…
Just Transition fund to exclude nuclear – some hopes for gas yet
On Monday 6 July, the EU Parliament’s Regional Development Committee approved the establishment of the Just Transition Fund (JTF) with…
Răzvan Giuca – Vice President of the Black Sea Offshore Petroleum Regulatory Authority
Răzvan Giuca has been appointed Vice President of the Competent Authority for the Regulation of Offshore Oil Operations on the…
LIBERALIZATION: Competitive prices and special benefits from Tinmar Energy
The liberalization of the natural gas market, starting with July 1, offers household consumers the chance to opt for the…
PwC: Digitalization would increase oil and gas companies’ revenues by 10% and reduce operating costs by 8.5% over the next five years
Oil and gas companies estimate that the implementation of digital solutions will bring them an average increase of 10% in…
Popescu: Romgaz must to be part of the consortium that will start exploiting gas in the Black Sea
The Minister of Economy, Energy and Business Environment, Virgil Popescu, said that he wants Romgaz to be part of the…
Manuela Stan Olteanu, new Chairman of the Board of Directors of Romgaz
Romgaz’s Board of Directors decided on Wednesday to appoint Manuela Petronela Stan Olteanu as chairman of the board, according to…
Verchere, Energy Strategy Summit: Black Sea Gas is a huge opportunity, but it won’t be forever
Black Sea gas is a huge opportunity for Romania, but it will not be forever, and at the moment, the…
EU ministers exclude nuclear, fossil gas from green transition fund
European Union countries agreed that the bloc’s flagship fund to wean regions off fossil fuels should not finance nuclear or…
Bege, Energy Strategy Summit: Liberalization of gas and electricity markets will have beneficial effects on household consumers and attract investors
The liberalization of the Romanian gas market, on July 1, 2020, and of the electricity market, from January 1, 2021,…
The first gas transactions for the next year – at a price of 60 lei/MWh
On Friday, the first gas transaction was made with delivery for the entire year 2021 at an average price of…
Suppliers will support penalties of 5-10% of turnover for market manipulation
The Commission for Industries and Services introduced an amendment to the Draft Law amending and supplementing the Law on Electricity…
OMV Petrom won tender for oil and gas exploration perimeter in the Black Sea in Georgia’s offshore area
OMV Petrom, the largest energy company in Southeast Europe, is pleased to confirm that it has been selected as the…
E.ON merges its gas suppliers for population and companies
E.ON initiated the legal procedures of merging of the two natural gas suppliers it owns in Romania, by absorbing E.ON…
Interagro restarts Donau Chem chemical plant, becomes the country’s largest gas consumer
Interagro Group, controlled by Ioan Niculae, reopens the second chemical unit and becomes the country’s largest gas consumer. The group…
Verchere (OMV Petrom): Quarantine saw a 45% drop in petrol and diesel demand in April
OMV Petrom registered in April gasoline and diesel sales 45% lower than in the same month of 2019, the drastic…
Gas producers will be forced to sell 40% of production on the stock exchange, starting July 1
Gas producers will be obliged to sell on the stock exchange 40% of production, between July 1 and December 31,…
Interconnection with Serbia, a project of national importance
The government wants to declare the investment project “Interconnection of the National Natural Gas Transmission System in Romania with the…