12.19.2013

The year 2013 looked like it was going to be a bumpy year right from the start. Rumors about the reduction of the green power support scheme, which attracted more than EUR4.5 billion investments in more

12.11.2013

Schlumberger group, the world’s largest provider of technology and solutions for oil and gas companies, has reached 450 employees in Romania after opening a services center with 170 employees in May more

12.09.2013

Romania’s largest oil and gas company OMV Petrom (SNP.RO) operates the biggest local gas station network, and rivals Rompetrol, MOL and Lukoil either decided to fight it directly or strengthen more

12.08.2013

U.S. energy company Chevron said Sunday it resumed shale gas exploration in Silistea-Pungesti, in the eastern county of Vaslui, after it suspended works Saturday in response to protests against more

12.07.2013

U.S. energy giant Chevron has once again delayed plans to drill for shale gas at its field in Silistea-Pungesti, in the eastern county of Vaslui, in response to protests organized Saturday morning more

12.05.2013

Romania’s largest oil and gas producer OMV Petrom (SNP.RO) is looking to award a EUR64 million contract for the replacement of two natural gas processing plants. more

12.02.2013

U.S. energy corporation Chevron on Monday resumed shale gas exploration at its field in Silistea-Pungesti area, northeastern Romania, the company said in a statement. more

11.28.2013

Romanian energy regulator ANRE Thursday said household gas tariffs will increase by 1% as of January 2014, less than the 2% raise previously announced. more

11.22.2013

Austrian group OMV, majority shareholder of Romanian leading oil and gas company OMV Petrom (SNP.RO), wants to turn Romania from importer into exporter of natural gas, said OMV head Gerhard Roiss. more

11.20.2013

Rompetrol Moldova, part of Romania’s second largest oil group Rompetrol, has recently opened two new gas stations in the Republic of Moldova and expanded its Moldovan network to 59 units. more

11.20.2013

Azeri state-run oil company SOCAR has opened four new gas stations in Romania following investments of over EUR5 million and expanded its local network to 20 units. more

11.15.2013

Large natural gas consumers in Romania say they are now tracking every cent they spend to avoid dropping below the breakeven point, as the deregulation of natural gas tariffs during the crisis is a more

11.14.2013

Romanian chemical fertilizer maker Azomures (AZO.RO) targets total investments of EUR200 million in the next two years, but it might not be able to carry out its investment program due to rising gas more

11.07.2013

Romania and its foreign creditors have reached an agreement in principle to defer by one year the country’s deregulation calendar of natural gas prices for industrial consumers, minister-delegate more

11.05.2013

Eric Stab, chairman and chief executive officer of GDF SUEZ Energy Romania, the largest local gas distribution company, says the country’s gross domestic product should increase by at least 3% for more

11.04.2013

Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO) Wednesday will start prospecting for oil and natural gas in 13 localities in Timis county, western Romania, and expects to find a more

11.01.2013

Romanian state-run natural gas producer Romgaz must become an active player in hydrocarbon exploration and exploitation in the Black Sea, Minister for Energy Constantin Nita said Friday, adding that more

10.30.2013

Romania has collected only 25-30% of what it estimated at the beginning of the year it would get from companies gaining additional revenue from the liberalization of gas prices, Finance Minister more

10.29.2013

NIS Petrol Romania, indirectly controlled by Russian group Gazprom, wants to increase its number of gas stations in Bucharest and near the capital to 20-25 by the end of 2015. more

10.23.2013

Independent gas stations hold 10% of Romania’s gasoline and diesel oil market, estimated by ZF at $5.5 billion (EUR4.5 billion) last year. more

10.21.2013

U.S. energy giant Chevron will resume shale gas exploration in Pungesti commune, eastern Romania, when it is clear to everybody that the methods used by the company are the best, Chevron manager Tom more

10.18.2013

Romanian leading oil company OMV Petrom (SNP.RO) reported a 22% annual increase in gas sales volumes to 11.24 terawatts per hour in the third quarter of 2013, but the margin level declined from the more

10.17.2013

US energy giant Chevron has delayed plans to drill for shale gas at its field in Silistea locality, in the eastern county of Vaslui, in response to protests against fracking, a controversial process more

10.16.2013

Hungary’s oil and natural gas company MOL said Wednesday it invested nearly EUR1 million in a new gas station in Romania, expanding its local network to 142 units. more

10.15.2013

The level of oil and natural gas royalties to the state budget is not sufficient and will be renegotiated at the end of next year, said Gheorghe Dutu, president of the National Mineral Resources more