2 iul 2015

KMG International, the former Rompetrol group, is the largest exporter to Greece in Romania. The oil group, which owns the Petromidia Refinery on the Black Sea coast, shipped more than $200 million more

25 iun 2015

Major US suppliers of oil and natural gas industry equipment and services made more than $850 million revenue in Romania last year. More than 2,000 people, most of them in Ploiesti, work on pumping more

24 iun 2015

Energy is one of the few sectors in Romania where companies can still post exponential growth or 'disappear' all of sudden after having grabbed hefty slices of the market. The people who are behind more

12 iun 2015

SOCAR Romania, part of Azeri oil group SOCAR, posted revenues of 746.3 million lei (EUR170.3 million) in 2014, up 28% from a year before, mainly due to the expansion of its gas stations network, more

10 iun 2015

This year will be a drilling year, 2016 will be a year of analysis and a plan on how to proceed in the Black Sea will not be devised any sooner than 2017-2018, says Gabriel Selischi, the Romanian put more

9 iun 2015

The common denominator for the top players on an over 40 billion lei (EUR9 billion) fuel market with more than 2,000 gas stations was the rise in profits last year, since the sales trend did not more

2 iun 2015

Romania’s natural gas transmission system is getting ready for one of the most significant capital inflows, about EUR1.5 billion, prompted by Black Sea discoveries mainly. more

1 iun 2015

OMV Petrom, the only oil and natural gas producer in Romania, says it is preparing the data rooms for the 30 onshore fields it announced at the end of last year it wanted to give up. This phase means more

29 mai 2015

OMV Petrom, the only oil and gas producer in Romania, and its partner, US ExxonMobil, have reached five exploration wells in the Black Sea, some completed and others in progress. Each such well more

28 mai 2015

There will be further opportunities on the market, as the major integrated players in the energy sector are going through transformations, says Ioan Rosca, general manager of Electrica (EL.RO), the more

15 mai 2015

Petrotel refinery in Ploiesti, owned by Russia’s Lukoil group, ended last year with 308 million lei (EUR69 million) losses. more

12 mai 2015

An Arad company held by several little known businessmen saw 45-fold growth in revenue from its core business, sale of diesel oil to small and medium-sized transport companies, in 2010-2014. more

11 mai 2015

OMV Petrom, the largest local oil company, says the number of gas stations it has now is optimal, even though it was looking for buyers for a set of about 100 of them last year. more

7 mai 2015

OMV Petrom, the only local oil and gas producer, plans to introduce combined electricity and gas offers and thus operate as an integrated utility supplier. It is also trying to protect its fuel sales more

6 mai 2015

The three companies whereby Czech-held CEZ operates the giant wind farm complex Fantanele-Cogealac posted almost one billion lei (EUR226 million) losses last year, according to the data the group more

5 mai 2015

Romania’s largest oil and gas producer, OMV Petrom (SNP.RO), appointed Mihaela Urzica as strategy, corporate development and investor relations director this March. more

4 mai 2015

Back in 2008, aluminum smelter Alro Slatina (ALR.RO), Romania’s largest electricity consumer, accounted for 7% of the country’s consumption. Last year, it accounted for only 5.7%, following a 25% more

29 apr 2015

State-run Romgaz (SNG.RO), the largest local gas producer, says it will step up exploration efforts to identify new gas deposits, so it will drill 40 exploration wells this year, double as many as in more

27 apr 2015

GDF Suez Energy Romania, the largest local natural gas supplier, will become ENGIE by yearend, following a group-wide decision to rebrand. more

23 apr 2015

Lukoil Energy&Gas Romania, controlled by Russia’s oil group Lukoil, cashed in the first million euros from solar energy after the company in mid-2014 completed investments in a 9-MW photovoltaic more

22 apr 2015

OMV Petrom (SNP.RO), the largest company in the local oil industry, is introducing a new product in the 153 OMV gas stations in Romania, after having gradually turned them into genuine services more

22 apr 2015

April 23 is the last day participation intentions and non-binding bids can be field for the acquisition of Crisana refinery, with around 10 companies being interested in taking over this asset located more

20 apr 2015

Romania’s industrial sector used 29 TWh of electricity last year, 18% more than in 2013 and also more than in 2008, when consumption reached 22.4 TWh. One reason for the increase is the move of some more

1 apr 2015

Lukoil Overseas, the international exploration and production division of Russia’s oil group Lukoil, says it plans to spud two new wells in the Trident offshore block, one of the two it leases in more

1 apr 2015

The bill Romania paid in 2014 for Russian gas imported through intermediaries from Gazprom stood at $117 million, over four times lower than in 2013 and 14 times less than in 2008, a year when Russian more