OMV Petrom to turn into oil storage facilities a part of Arpechim storage installations
OMV Petrom CEO Mariana Gheorghe said the company will transform a part of Arpechim Pitesti refinery in an oil deposit.…
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Coal-based power plants remain the preferred power producers for the world’s major economies
###author### States and international organizations have recently made announcements that they decided to withdraw their support for the operation or…
OMV Petrom’s First-Semester Net Income Increases 18 Percent; Sales fall 5 Percent
OMV Petrom SA, Romania’s biggest oil company, said its first-semester profit rose 18 percent because of stable production. Net income…
OMV Petrom close to start preliminary works at Skifska field
A Ukrainian senior official says that a production sharing agreement (PSA) could be signed in the next three months to…
Over 4 million RON loss for Oil Terminal in the first semester
The state-own company Oil Terminal Constanța ended first semester with a turnover of RON 48.9 mln, down 7,2% compared with…
Work in Progress for TAP and the Shah Deniz Consortium
Trans Adriatic Pipeline (TAP) has submitted its Environmental and Social Impact Assessment (ESIA) to the Ministry of Energy, Environment and…
Petroceltic to spud exploration well offshore Romania
Beach Energy announced that its partner Petroceltic is planning to spud the 01RX Cobălcescu South exploration well in Block EX-28, offshore Romania, during…
Energy for the next generation – a meeting with young Romanian experts in energy
[one_half]Energy strategy, renewable resources, independence and energy security are dominant themes nowadays and they are here to stay for long…
David Cameron pushes on shale gas’ benefits for communities
Britain would be “making a big mistake” if it did not seriously consider fracking and the prospect of cheaper gas…
Rompetrol Rafinare invested USD 53 million in revamping a new coker unit from Petromidia
Rompetrol Rafinare, a member company of The Rompetrol Group, has completed the revamp of the coker unit within Petromidia Refinery,…
Romgaz, Aurelian Oil & Gas to produce natural gas in Poland and Slovakia
The state-owned Romgaz might continue its activity in Poland and Slovakia after it finalizes the exploration phase in these two…
Gazprom and SOCAR to dominate the Greek gas market for the next decades
Gazprom and SOCAR will be, at least for some decades form now, the two companies to dominate Greece’s natural gas…
OMV launches an international campaign to recruit 1.600 new employees
The international oil and gas company OMV has launched a major recruiting campaign to expand its exploring and production of…
Three ideas for investors in the Romanian energy sector
###author### One of the concepts that often attract attention when talking about the future of energy industry in Romania is…
Chevron profit recorded the biggest decline in the past four years
Chevron, the second largest energy company world-wide by market capitalization, recorded a 26% decline in net profit in the 2nd…
Conpet profit rose by 25.7% in the first semester, reaching 5.8 million euro
Conpet Ploiești reported for the first semester a net profit of 5.8 million euros (25.76 million lei), up by 25.7%…
GDF SUEZ Energy assigns an extra 34 million euro to develop a wind farm in Galați
GDF SUEZ Energy Romania, part of franco-belgian group GDF SUEZ, decided to increase the social capital of a Romanian wind…
More than just a news site: the chance of a community
No shortage of news these days. Leaving apart politics, sports, and showbiz, we still have dozens of economic news each…
