Gas imports fell by 6.2% in the first quarter of 2020, and production decreased by 3%
Romania imported, in the first three months of 2020, a quantity of usable natural gas of 629,600 tons of oil…
Vlăsceanu, ACUE: The liberalization of the gas market will bring with it a diversification of the suppliers’ offer
The liberalization of the gas market from 1 July is joined by the obligation for the producers to sell as…
Rompetrol Rafinare, financial results influenced by the volatility in the oil and gas market, in Q1
The first quarter (Q1) of 2020 was marked by sharp declines in the oil and gas market, driven by restrictive…
OMV Petrom and Romgaz, forced to sell 30% of the domestic production in the centralized markets
OMV Petrom and Romgaz will be obliged to auction for 3 years about 30% of the production in the centralized…
Transgaz profit increased by 5% in Q1
Transgaz’s net profit increased by 5% in the first quarter (Q1) of this year, reaching 201.8 million lei, the reduction…
AEI: 3.4 million Romanians risk having higher gas bills from July 1
Approximately 3.4 million domestic consumers of natural gas have the right to renegotiate by July 1, 2020 the prices they…
Rainer Seele sees hope for oil price recovery in second half
Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by…
OMV Petrom has installed photovoltaic panels in 40 gas stations in Romania
OMV Petrom has installed photovoltaic panels in 33 gas stations in the OMV network and in 7 stations in the…
Romgaz shows zero tolerance for any act of corruption
Bogdan Tudorache Romgaz’s executive management states that it “shows zero tolerance for any act of corruption and will support the…
Negotiation could result in 5 to 20% reductions in the price of natural gas for household consumers
On July 1, the Romanian gas market will be liberalized for the household consumers too, which means they will have…
Decline of 25% of domestic gas production since early April
Domestic gas production continued its sharp decline in early May, falling by about 13% in just a few days, after…
FPPG: Digitalization of the O&G industry is blocked by the legislative framework
Digitalization is inaccessible to oil and gas companies in Romania, without declassifying data and information from the oil industry, says…
Chiriţoiu: In H2 we will carry out new investigations, also in gas distribution
Investigations launched by the Competition Council before the crisis will be resumed and other new investigations will be launched, so…
MOL Group reported an USD 152 mln. net loss in Q1
Today, MOL Group announced its financial results for Q1 2020. Large inventory and foreign exchange losses resulted in MOL reporting…
Transgaz: Romania will have a LNG import terminal on the Black Sea coast
Romania will have over the next 6 years a functional terminal for the import of liquefied natural gas (LNG) on…
General maintenance of the Petromidia refinery, finalized with success
Rompetrol Rafinare, a member company of KMG International, has successfully completed the maintenance of the Petromidia refinery and has initiated…
Rompetrol Georgia joins efforts to combat the COVID-19 pandemic
KMG International, through its subsidiary Rompetrol Georgia, will donate a total of 60,000 liters of fuels to the Georgia Emergency…
Delgaz Grid acquires devices and equipment for detecting natural gas losses
Delgaz Grid, the gas and electricity distribution company within the E.ON group, purchases with 4.97 million lei, excluding VAT, appliances…
Zamfir (PSD): I publicly ask Prime Minister Ludovic Orban to postpone the liberalization of utility prices
PSD Senator Daniel Zamfir asked Prime Minister Ludovic Orban to postpone the liberalization of utility prices through a Government decision,…
Gas demand drop hits German energy companies as storages full and prices low
The fall in natural gas demand due to the coronavirus crisis is not only impacting producing countries, but also German…
Petromidia: Declining gross margin, but sales kept constant, in 2019
Bogdan Tudorache The refining segment’s financial results in 2019 were negatively affected by unfavorable market conditions, Petromidia’s gross refinery margin…
Verchere, about the Neptune Deep project: Time is not on our side
OMV Petrom wants to continue the Neptun Deep project, but legislative changes are needed to ensure stability, fiscal competitiveness and…
Petrom’s Brazi gas plant will produce more electricity this year
The gas power plant in Brazi produced 1.12 TWh of electricity in the first quarter of the year, a slight…