Jude: Romgaz’s strategic goal is to keep annual production decline below 2.5%
Romgaz has completed an important investment objective in the Snagov priority onshore project, which consists of the development of an…
Romgaz introduced new wells in production following an investment of 31 mln. lei
Romgaz launched the Coşereni drying plant into operation, with three new wells being opened for production, and by the first…
Romgaz’s profit doubles in Q1, margins remain high
In the first quarter (Q1) 2022, Romgaz Group recorded a revenue of RON 3,925.8 million, increased by 195.78%, namely RON…
3 more professionals in the management of FPPG
The Oil and Gas Employers’ Federation (FPPG), the main representative organization for the Romanian energy sector, strengthens its management team…
Chisăliță: Amromco’s entry into insolvency, a very serious signal for investors
The entry of the third largest gas producer in Romania, Amromco, into insolvency is a very serious signal, which reflects…
Transgaz, Nuclearelectrica and Romgaz will transfer only 50% of dividends, investments are prioritized
After Nuclearelectrica and Romgaz, the Government decided to exempt Transgaz from paying 90% dividends. Thus, 50% dividends will be paid…
Romgaz obtains a 325 mln. euro loan from Raiffeisen for the acquisition of Neptun Deep
Romgaz has signed a financing agreement worth 325 million euro with Raiffeisen Bank, for the partial financing of the acquisition…
Neptune Deep Project is nearing completion
Romgaz’s Board of Directors approved the conclusion of the sale-purchase contract of all shares issued by ExxonMobil Exploration and Production…
Romgaz and Nuclearelectrica could pay lower dividends to the state and shareholders
Romgaz and Nuclearelectrica could benefit from a decrease in the level of dividend distribution, from 90% to 50%, and the…
Romgaz approved the takeover of the Neptune Deep perimeter from Exxon
Romgaz’ Board of Directors has approved the 1.06 billion dollars deal to take over the Neptune Deep field from ExxonMobil.…
Oana Bucur, FPPG: Changing the Offshore Law, essential in unlocking major investments
Energy producers consider it essential to amend the offshore law that would allow the unblocking of major investments, such as…
Romania plans 710 MW in new generation capacity this year
Prime Minister Nicolae Ciucă met with representatives of Romelectro, Hidroconstruct, Hidroelectrica, CE Oltenia and CE Hunedoara to identify solutions for…
Romgaz and Nuclearelectrica will transfer only 50% of the profit to the state
Romgaz and Nuclearelectrica, vital for Romania’s electricity and natural gas supply and with massive ongoing investment projects, will be exempted…
Romgaz’s profit increases by 52% amid rising gas prices
SNGN Romgaz SA posted a preliminary net profit of 1.90 billion lei for 2021, up 52% compared to the previous…
FP: Hidroelectrica’s IPO must also take place at an international stock exchange
The listing of Hidroelectrica should also be done on an international stock exchange, in addition to the IPO on the…
Romgaz hydrocarbon production rose 11.2% last year
Last year, Romgaz recorded a hydrocarbon production of 32.53 million barrels equivalent to oil (boe), 11.2% higher than that reported…
Romelectro and Hidroconstrucția enter insolvency procedure
Both Romelectro SA and Hidroconstrucția have filed for insolvency, according to the files registered in the last months at the…
Romgaz: Neptune Deep deal needs clarifying some issues
The signing of the sale-purchase contract for ExxonMobil Exploration and Production Romania Limited shares has not yet taken place, as…
USR: The cap law is ineffective, measures that include lowering VAT, reiterated
USR reiterates the proposed set of measures to rebalance energy prices, which includes a reduction in VAT and exemption from…
CE Oltenia joins HENRO, the Electricity Producers Association
A few months after its establishment, the Electricity Producers Association – HENRO increases its membership by joining the Oltenia Energy…
Romgaz invests 5 mln. lei in external auditing services of gas resources and reserves
Romgaz has put up for auction a contract for external auditing services for natural gas resources and reserves, worth 5…
Sources: Romgaz-Exxon deal for the Neptune Deep takeover, approved “without any problems”
Although it was postponed at the first shareholders’ call, which took place yesterday, the transaction by which Romgaz takes over…
Maximescu, OMV Petrom: We could have had gas from the Black Sea, instead we freeze in the Parliament Palace
Gas production in the Black Sea should have started this winter, if the authorities had adopted the legislation in time…