Transgaz, invited to present its views on European external subsidy policy
Transgaz has been invited to present its views on European foreign subsidy policy, according to a letter sent to Transgaz…
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Processing
BRUA: The first start of the STC Bibești compression unit
On Thursday, the first “hot” start of the A – STC Bibești compression unit took place, the last major investment…
Changes in the Board of Directors of Rompetrol Rafinare
Bogdan-Cătălin Steriopol was appointed interim member of the Board of Directors of Rompetrol Rafinare, replacing Mihai-Liviu Mihalache, who resigned from…
Price reduction would follow the development of the Romanian Regional Gas Hub
This analysis is based on the PhD thesis “The Romanian Regional Gas Hub. Geographic, Economic and Geopolitical Aspects” Filip Negreanu-Arboreanu…
Sighetu Marmației – Vişeu de Sus – Borșa gas pipeline, a project of national importance
During the Government meeting on Wednesday, May 27, the Government Decision was adopted by which the investment project “Natural gas…
FPPG: Recovery of the oil and gas sector, a joint effort of the state and industry
The oil and gas industry recognizes the shared responsibility in managing the health crisis and is ready to contribute in…
ANRE amends the Regulation for measuring the quantities of natural gas traded in Romania
The National Energy Regulatory Authority (ANRE) approved on Wednesday amendments to the Regulation for measuring the quantities of natural gas…
Rompetrol Rafinare states that it is the owner of the contaminated land from Vadu, but not the source of the pollution
Rompetrol Rafinare is the owner of the land in Vadu affected by hydrocarbon pollution, but not the source of contamination,…
EC: Public consultation on the trans-European energy infrastructure
The European Commission has launched on May 18th a public consultation to seek input on the revision of the Regulation…
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…
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…
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…
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…
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…
OMV Petrom estimates a 45% drop in fuel demand in the second quarter
OMV Petrom estimates a 45% drop in fuel demand in the second quarter of this year and a 20% year-round…
Transgaz distributes 52% of net profit as dividends
The company that operates the national natural gas transmission system, Transgaz, will distribute a gross dividend of 15.47 lei/ share.…
OMV does not exclude the possibility of resorting to lay-offs due to the coronavirus crisis
Austrian OMV Group plans to expand its current four billion euro cost reduction program, said CEO Rainer Seele, who added…
ANRE Order: Transgaz would control the connection works to the gas transmission system
A draft order of the National Energy Regulatory Authority (ANRE), about the connections to the gas transportation system, a deal…
MOL Group ensures continuous supply security with optimized operational and financial measures
MOL Group implements measures not only to mitigate the impact of the current situation on the Group, but also to…
Transgaz reports the first incidents related to SARS-CoV-2; almost 1,100 people work on its construction sites in Romania
Three people involved in Transgaz’ investment works have been in isolation since Saturday, April 4, after they contacted members of…
Hungary announces a new gas pipeline
Hungary announces the creation of a new pipeline that will increase the transport capacity from Serbia by 60%, according to…