GEO 114 diminished the gas market liquidity and increased prices for companies
The amount of gas available to non-household customers on centralized markets has significantly decreased, which has led to price increases,…
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Processing
Transgaz: Works on the BRUA gas pipeline accelerated
Transgaz claims that work at BRUA is accelerating, and the deadline for completion is kept on for December 31, 2019.…
Austria not backing away from Russian gas pipeline despite US threats
Austrian company OMV does not intend to back away from the Russian gas pipeline project Nord Stream 2 despite the…
Gazprom confirms first gas via TurkStream by December
TurkStream sub-sea section and Russia’s land section have been finished while Turkey’s onshore section is nearly 73% complete. Russia’s Gazprom…
Ukraine sues Gazprom over ”anticompetitive practices”
Ukrainian national oil and gas firm Naftogaz said it filed a complaint to the European Commission accusing Russian energy giant…
High-tech solutions for Rompetrol Rafinare’s transports
Rompetrol Rafinare, a member of the KMG International Group, together with its main partner for domestic rail transport, Romanian Rail…
Transgaz has signed the Memorandum of Understanding to take over the gas to be produced by Black Sea Oil & Gas
On Monday, May 6, SNTGN Transgaz SA signed the Memorandum of Understanding on the use and development of the natural…
MOL Group announces a global profit before tax of USD 500 mln. and rising diesel sales in Romania
Bogdan Tudorache Mol posted an EBITDA of over USD 500 million in the first quarter of 2019, the company said.…
Petrom announces sales up 11% in Q1
Bogdan Tudorache OMV Petrom announced consolidated sales increased by 11% compared to Q1/18, to 5.4 billion lei supported by higher…
Transgaz greenlighted to start the 360 mln. euro works at the Podisor pipeline
Bogdan Tudorache The Ministry of Energy has issued the decision that allows Transgaz to start the works of the Podişor…
Oil Terminal signs a 30 million-dollar contract with Oscar Downstream
Oil terminal has signed a new Downstream Oscar transport contract. The contract, worth 30.5 million ROL excluding VAT, provides for…
On May the 2nd the last orders were issued for starting work for Ungheni-Chisinau
Vestmoldtransgaz issued on Thursday the last three orders for the start of the works related to the Ungheni-Chisinau gas pipeline,…
Transgaz shareholders reject both dividend proposals, summon OGSM again on June 6, with the same proposals
Transgaz shareholders rejected yesterday the dividend proposals made by the company and government, but proposed the same figures for a…
MOL says that BRUA constructions works have started
Hungarian company MOL, that owns the national gas transporter FGSZ, announced that the BRUA works have started. “The construction works…
Iraq will deliver third-biggest chunk of new oil over next decade, IEA
Iraq will be the third-biggest provider of new oil supplies over the next decade, boosting its production by almost 30…
ENGIE invests 5 million lei in the training of about 120 young people
In the context of an acute shortage of skilled labor, ENGIE Romania, through its Distrigaz Sud and ENGIE Servicii, invests…
Petrom could stop the work of the Midia Terminal, due to an environmental sanction
OMV Petrom received a sanction from the National Environmental Guard for the operation of the Midia Terminal Section of the…
Nord Stream 2 could pass through the territorial waters of Denmark
The company that promotes the Nord Stream 2 pipeline has proposed a third possible route for the pipeline to be…
The new Polyfuel unit of Petrobrazi refinery has started production, an EUR 65 mln. investment
OMV Petrom has commissioned the new Polyfuel unit within Petrobrazi refinery, using an innovative technology to convert LPG and low-grade…
New Gas Directive opens the way for a common EU approach on Russian imports
The EU Council agreement on its negotiating mandate under the Romanian Presidency of the EU Council came as a rather…
Conpet prepares a contract with NIS Petrol
The Conpet National Oil transporter (COTE) concluded a partnership protocol with NIS Petrol SRL Romania for the provision of oil…
The BRUA project could return to its original form, following ACER’s decision
The BRUA pipeline, a strategic project for Romania, could return to its original plan, despite the vehement opposition of Hungary,…
The competition analyzes the takeover of Valt and Marine Sergeant by Vitol Bitumen
The Competition Council analyzes the transaction by which Vitol Bitumen Investments BV in the Netherlands takes over Valt BV, the…