Saipem: First project construction activities at sea for the Neptune Deep will start by 2025
The biggest new gas source for Romania is the Neptune Deep offshore project in the Black Sea. OMV Petrom and…
How did Romgaz answered to the gas shortage caused by the war in Ukraine
With the war in Ukraine, for more than one year and a half, now, there is an increasing sense of…
Ion Sterian: Romania is in the best position in terms of gas supply security
Romania is in the best position in terms of the security of gas supply, Ion Sterian said at a conference.…
Christina Verchere: OMV Petrom plans to develop more than 1 GW of renewable capacity
OMV Petrom’s objective is to have renewable capacities worth over 1 Gigawatt, and this will be OMV Petrom’s contribution to…
Sebastian Burduja: Storage is the biggest need of the Romanian energy sector
The biggest need of the Romanian energy system today is the storage facilities and without them there is no energy…
Gas consumption drops significantly by 12% in H1, warehouses are 80% full
The consumption of natural gas at the national level in the first 6 months of 2023 registered a decrease compared…
Romgaz posted a net profit of about 1.7 bln. lei, down 2.3%, in H1
The Romgaz Group posted a net profit of 1.69 billion lei, after the first half of this year, down 2.34%…
Burduja: ELCEN has 1 bln. lei to collect, creditors could ask for bankruptcy
Electrocentrale Bucharest (ELCEN) is in a crisis situation and from October could have problems with the purchase of natural gas,…
ANRM officially confirms the Development Plan for the deposits in the Neptun Deep perimeter
OMV Petrom and Romgaz announce that the final development plan for the Domino and Pelican Sud commercial deposits in the…
Romgaz will have its own rating, necessary for a new bond issue of 1 bln. Euro to finance Neptun Deep
Romgaz will have its own rating, necessary to launch a new bond issue of around 1 billion euro on the…
Neptun Deep: Romania to become a gas supplier for the entire region
Romania will become a gas supplier for the entire region after the development of the Neptun Deep project, and the…
It’s official: OMV Petrom and Romgaz announce the investment decision for Neptun Deep, shares rising
OMV Petrom and Romgaz have approved the development plan for the Domino and Pelican Sud commercial natural gas fields in…
New Minister of Energy, S. Burduja: We have the chance that in 16 months we will be able to launch the Iernut plant
The situation of the Iernut power plant is a special one, an economic and diplomatic negotiation was needed, but at…
Virgil Popescu: The money from the solidarity tax will come after June 25, for all debt
The money from the solidarity tax will come after June 25 and I think it is enough to pay all…
Romgaz: Four-year mandates for Răzvan Popescu and Aristotel Jude
Romgaz’s Board of Directors, chaired by Dan Drăgan, appointed Răzavn Popescu and Aristotel Jude to the positions of general manager…
First quarter profit: Hidroelectrica increases by 34%, Romgaz stagnates, SNN loses 6.4%
Hidroelectrica achieved a net profit of 1.74 billion lei after the first three months of 2023, 34% higher than that…
Romgaz shareholders approve the increase of the BCR credit line to 630 mln. lei
Romgaz (SNG) shareholders approved on Thursday the increase of the ceiling of the credit facility concluded with BCR, by 210…
Romgaz approved the completion of the procurement procedure for the new contract for Iernut unit
Romgaz’s Board of Directors has approved the completion of the procurement procedure for the new works contract for the construction…
Romgaz to grant a gross dividend per share in the amount of 3.42 lei
Romgaz proposes to grant, starting on July 27, 2023, a gross dividend per share in the amount of 3.42 lei,…
Mandate of the general manager of Romgaz, extended until June 19
The Board of Directors of Romgaz approved the two-month extension of the mandate of the general director of the company,…
Popescu: Romgaz will issue bonds to finance Neptun Deep in the first half of 2024
Romgaz (SNG) intends to issue bonds, in the first half of 2024, to finance the Neptun Deep gas extraction project…
OMV Petrom, Romgaz and Transgaz sign the Black Sea gas transport contract
OMV Petrom, Romgaz and Transgaz signed the contract for the transportation of natural gas from the Black Sea into the…
PwC: The local M&A market grew to 5.4 bln. euro in 2022, thanks to Neptun Deep
The mergers and acquisitions market in Romania, transactions signed and concluded, reached 5.4 billion euros last year, surpassing the pre-pandemic…