10.14.2013

The coal sent from the US, a country that is now relying on the cheap shale gas, have caused some of the state-of-the-art European gas-fired thermoelectric power plants to lose ground to those running more

10.07.2013

Romania features high in the rankings of energy production in the European Union -- it is number 5 in terms of oil and gas production and boasts major growth prospects given the recent Black Sea more

09.26.2013

Ukraine said Thursday that it has reached a preliminary hydrocarbon sharing agreement with a consortium comprising oil giants ExxonMobil and Shell, Romanian OMV Petrom (SNP.RO) and Ukrainian Nadra for more

09.26.2013

Romania’s government will likely amend next month the Energy Law to allow foreign producers to trade natural gas on the local energy exchange OPCOM, the minister-delegate for Energy Constantin Nita more

09.19.2013

Romanian investors could trade natural gas on the local energy and commodities exchanges by the end of September, as the two markets have received all necessary permits to set up the new trading more

09.19.2013

Unpaid utility bills due to price increases caused some of energy and natural gas suppliers in Romania to enter insolvency, Thursday said Silvia Vlasceanu, general manager of the association of more

09.19.2013

Romania’s second largest oil company Rompetrol will invest $17 million to revamp 25 gas filling station and launch three new others by the end of this year. more

09.19.2013

The Romanian energy regulator ANRE Thursday said natural gas prices won’t increase as much as initially expected in October, as the country has stored enough cheap gas from local producers for this more

09.19.2013

Romanian company Oil Energy Trading, part of Tiriac Holdings, owned by businessman Ion Tiriac, says its revenues will reach EUR30 million this year. more

09.18.2013

The ten-year contract between oil and gas company OMV Petrom (SNP.RO) and the Romanian state on royalties expires in 2014 and the question is what the new royalties will be, after the renegotiation of more

09.17.2013

MOL Romania, part of Hungarian oil group MOL, opened three gas stations following an investment of around EUR3 million, reaching 141 gas stations across the country. more

09.16.2013

Romanian power producer Complexul Energetic Oltenia (CE Oltenia) says the power it generates from coal could be cheaper than the electricity OMV Petrom (SNP.RO) and Romgaz generate from gas if the more

08.26.2013

Romania will start exporting only reduced amounts of natural gas to Hungary through the gas pipeline linking Arad to Szeged in December 2013, and investments worth EUR120 million are required for a more

08.21.2013

The largest oil companies in Romania, Petrom, Rompetrol, Lukoil and MOL Romania, together control around 1,400 gas stations, according to data provided by the companies. more

08.19.2013

Mariana Gheorghe, CEO of Romania’s largest oil company OMV Petrom (SNP.RO), said Petrom and US ExxonMobil, its partner for deepwater Black Sea exploration, set off talks with Transgaz to analyze the more

08.08.2013

New taxes applied starting February this year to electricity and natural gas transporters, as well as to natural gas producers, increased budget revenues by about EUR28 million by the end of June, more

08.06.2013

U.S. giant Halliburton, one of the world’s largest oilfield services providers with turnover of $28.5 billion, employs 67 people in Romania and plans to increase staff to 100 people in the medium more

07.31.2013

Romania’s second largest oil group Rompetrol, controlled by Kazakh state-owned company KazMunayGas, opened 12 more gas stations in the Republic of Moldova and Bulgaria this year, expanding its more

07.29.2013

Sales of non-oil products sold at gas stations exceeded EUR600 million last year, according to ZF calculations based on data provided by oil companies, which say such products generated 10% of their more

07.22.2013

Romania’s recoverable shale gas resources reach 1,444 billion cubic meters, placing the country third in Europe after Poland and France, Romania's mineral resources authority ANRM said on the newly more

07.18.2013

Azeri state-run oil company SOCAR registered sales of EUR52.2 million in Romania last year, up ten times from EUR5.5 million in 2011, supported by the expansion of its local gas station network. more

07.16.2013

Romanian natural gas distributor Gaz Sud will continue its consolidation process in upcoming years by acquiring other firms on the profile market, the company’s general manager Alexandru Bucsa said more

07.15.2013

Romania is a key country for GDF Suez and the group is not contemplating any asset sale in this market despite the EUR11 billion divestment program conducted to reduce debt, said Jean-Francois more

07.11.2013

Romania may export natural gas to neighboring Republic of Moldova, Bulgaria and Hungary in the next two to three years, once the related interconnection pipelines are completed, the country’s energy more

07.02.2013

Azeri state-run oil company SOCAR has opened its 15th gas station in Romania Tuesday following an investment worth about EUR1 million, and earmarked EUR50 million to further expand its local gas more