Four main strategies from O&G majors in addressing the energy transition
Nearly all the major oil and gas companies are addressing the energy transition due to a combination of multiple drivers…
2020 will bring lower prices for gas and insolvency risk to suppliers (Intelligent Energy Association)
The natural gas market in Romania will undergo a strong transformation in 2020, predicts the natural gas expert Dumitru Chisăliță’s…
ANRM auctions: The 28 perimeters are in the procedure of drawing up the documentation
The 28 perimeters of the 11th round of National Mineral Resources Authority (ANRM) tenders are in the process of drawing…
Digitize the Upstream O&G – 5 principles and 7 tips from Strategy&
A most recent report from Strategy&, part of the PwC network of firms, capitalizes on six senior O&G gas executives…
Virgil Popescu: We will have an excess of stored gas since March – the price will fall
Bogdan Tudorache Virgil Popescu, Minister of Economy, Energy and Business Environment, says he estimates a fall in the price of…
About 80% of the on-surface operations royalties will be allotted to local authorities
Liberal party PNL will send the Government for approval a project whereby the royalties from surface operations will remain, at…
Transgaz: The capacity made available on all interconnection points is of 44.2 mmc daily
The firm capacity made available by Transgaz on all the interconnection points with the adjacent transport and system operators (TSOs)…
Ukraine’s own Green Deal aims to slash energy imports
Ukraine’s long-term climate plan could significantly cut reliance on energy imports, its energy ministry suggested last week. But a 2050…
Transgaz shareholders, called for approval of the financing Development Plan for 2019-2028
The shareholders of Transgaz were summoned, on March 4, to approve the financing of the “Development Plan of the National…
OMV Petrom has started the process of selling its assets in Kazakhstan
OMV Petrom has started the process of selling its oil and gas fields in Kazakhstan, its only overseas assets, according…
Orban: Hidroelectrica, Nuclearelectrica, Romgaz are companies that are profitable, they are well managed
The Government’s vision is to ensure an efficient management in all state-owned companies, Prime Minister Ludovic Orban said on Thursday.…
Romgaz extended the term of execution of the contract for the Iernut power plant
Romgaz extended the term of execution of the contract with DuroFelguera and Romelectro, for the Iernut power station, according to…
V. Popescu: Romania has no problems regarding the supply of natural gas during the winter
The Ministry of Economy, Energy and Business Environment informs that there are no problems regarding the provision of natural gas…
First compressor station in Croatian gas transport system put in operation
The first compressor station in the Croatian gas transport system was formally put in operation last week, with Prime Minister…
Chisăliță: The figure of 70% of pipes replacement is wrong, but the system needs to be replaced
Bogdan Tudorache Transgaz announced that, following the closure of the gas balance for the year 2019, the total gas consumption…
NIS to invest 72 mln. euro in Pancevo refinery modernization
Serbian oil and gas company NIS, majority owned by Gazprom, plans to invest over 72 million euro ($80 million) in…
ANRE decreases the yield for gas distribution to 5.66%
Bogdan Tudorache The energy regulator (ANRE) has decided to decrease the rate of return on capital (RRR) for gas suppliers…
The price of Romanian gas, 32% higher than at the Vienna stock exchange, in December
The price of Romanian gas on the Romanian Commodity Exchange (BRM) reached, in December, 103.71 lei per MWh, 32% higher…
Romania imported 7.17 million crude oil, in the first 10 months of 2019
Romania imported, during the first 10 months of 2019, an oil quantity of 7.17 million tonnes of oil equivalent (toe),…
New fuel station, opened in Chisinau by Rompetrol Moldova
KMG International, through its subsidiary Rompetrol Moldova, recently completed the modernization of the Rompetrol fuel station in Chisinau, situated on…
Romania, among the countries with the biggest problems in utilities’ payment
Nearly 7% of households in the European Union were unable in 2018 to pay their bills on utilities (heat, electricity,…
Rompetrol has won three of the five lots of a large oil services contract for Petrom
Rompetrol Well Services, part of the KazMunayGas Intrernational group (KMGI-Rompetrol), won tenders for three of the five lots of a…
Oil and gas sector ”losing its social licence to operate,” UK boss warns
Tim Eggar, chairman of the UK’s Oil and Gas Authority (OGA), sent shockwaves through the industry when he said growing…