Bucharest, August 3, 2023 - OMV Petrom and Romgaz will invest up to 4 billion euros for the development phase of the Neptun Deep project, which will generate production of about 100 billion cubic meters of natural gas, with...
Bucharest, July 21, 2023 - SNGN Romgaz SA, the largest producer of natural gas in Romania and one of the largest producers in Eastern Europe, has joined Oil and Gas Methane Partnership 2.0 (OGMP 2.0), the flagship program for...
Bucharest, July 9, 2023 - Natural gas production is estimated to grow at an average annual rate of 3.6%, in the period 2023-2026, after a decrease of 1.1% (to 7.343 million toe) in 2022, according to estimates of National...
Bucharest, June 13, 2023 - OMV Petrom has discovered new oil and natural gas resources in the Oltenia and Muntenia regions of southern Romania. According to the company, the investment in the exploratory drilling campaign amounted to approximately 20...
By RBJ
S.N.G.N. Romgaz S.A. and Socar Trading, the subsidiary of the national oil company of the Republic of Azerbaijan, signed on December 16, 2022, the first individual contract for the delivery of Azerbaijani natural gas to Romania. The individual...
By Constantin Radut
In great difficulty after the start of Moscow's war against Ukraine, OMV Austria seeks to obtain advantages from its strong subsidiaries, especially from Petrom Romania.
For those who are not familiar with the field, it should be pointed...
By RBJ
The state company Romgaz, the largest gas producer in Romania, signed a Memorandum of Understanding with SOCAR, the national oil company of the Republic of Azerbaijan. The two companies propose to build a natural gas liquefaction terminal and...
By rbj
Gas production from the new fields in the Black Sea, operated by Black Sea Oil and Gas (BSOG), will increase by one million cubic meters of gas per day, said today the general director of the national gas...
By rbj
OMV Petrom, the company that owns the majority stake in the former Romanian state company Petrom, boasts that it has invested 530 million euros in the Brazi power plant, this being the largest greenfield private investment in Romania,...
By Constantin Radut
As the whole of Europe prepares for the big holiday, after years of restrictions imposed by Covid-19, Hungary enters the energy winter earlier than its citizens expected.
MOL, the state company, is preparing a new restriction, according to...
Washington, September 25, 2023 - The Export-Import Bank of the US (Exim) approved a financing of 57 million dollars for engineering and feasibility studies...
Bucharest, September 23, 2023. (Source: adevarul.ro) - Jacob and Jenny Warren, two young American tourists very passionate about travel, spent a few days in...
Bucharest, September 22, 2023 - The state company Hidroelectrica, the largest in Romania, in the electricity production sector, wants to invest, together with the...
Bucharest, September 21, 2023 - Genesis Property becomes the first real estate company in Romania to obtain the approval of its short-term CO2 emissions...