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

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

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

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

08.08.2013

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

06.27.2013

Kazakhstan’s state-run oil and gas company KazMunayGas could ship its gas to Romania via Bulgaria through the planned South Stream pipeline project, the authorities in Bucharest said in a statement more

05.27.2013

Romania will import more natural gas this summer, even if consumption may be covered from internal production, to avoid higher bills in winter, when natural gas imported from Russia is more expensive. more

04.29.2013

A joint venture possibly between oil-company OMV Petrom (SNP.RO), U.S. giant ExxonMobil and natural gas transporter Transgaz (TGN.RO) might build a pipeline to bring onshore the natural gas Romania more

04.19.2013

The partnership between Romania and Russia in the natural gas sector is working as it should, but things could get bumpy due to some problematic EU regulations, the head of Russian Federal Agency more

03.30.2013

Romania may export natural gas to other European Union member states provided that there are interconnection points between their transport systems, the country’s energy regulator ANRE said in a more

03.19.2013

Romania should postpone the deregulation of natural gas prices to avoid a “major impact” on industrial consumers, Romanian steelmaker ArcelorMittal Galati said in a press release Tuesday. more

01.30.2013

Romania used 4% less natural gas last year than in 2011, even though the year started and ended with very cold weather, which caused consumption spikes for a few weeks. more

01.22.2013

Romanian state-run natural gas producers will have to sell via open auction 45% of the quantities extracted in 2013, according to an order of the country’s energy watchdog ANRE. more

01.21.2013

The Romanian Government will enforce additional taxes on companies that extract and sell natural gas on the local market, including the Black Sea perimeter, according to an emergency ordinance draft. more

12.27.2012

Romanians will face new challenges next year when several measures approved by the local authorities will take effect, most concerning price increases. more

12.22.2012

Romanian Minister-delegate for Energy Constantin Nita said Saturday Romania should increase royalty rates for oil and natural gas to at least 20-30% to reach European Union levels. more

12.12.2012

Romanian domestic natural gas prices will increase by 19.4% for both thermal energy producers and household consumers by the end of 2014, according to a draft decision from the Economy Ministry. more

12.07.2012

Natural gas exports from Romania towards European Union member states will be possible starting with the second half of 2013, the country’s energy regulator ANRE head Nicolae Havrilet told MEDIAFAX. more

09.19.2012

Romania’s government Wednesday said it will launch renegotiations with Russia on several agreements regarding natural gas transportation on Romanian territory, after the European Commission has more

09.12.2012

Lithuania and Romania will work together to identify and secure an alternative route of natural gas supply to the Russian pipelines, the president of the Baltic nation said Wednesday. more

08.14.2012

Romanian natural gas prices will increase by 5% for household consumers and by 10% for non-residential clients as of September, an official of the International Monetary Fund said Tuesday. more

06.05.2012

Romanian natural gas consumption fell 2% to 17.8 million megawatt hours in the first quarter, from 18.5 million MWh in the year-earlier period, the country’s energy regulator ANRE said in a report more

06.05.2012

Almost one year since becoming chief executive of OMV, Gerhard Roiss gives a few clues about the prospects of Romania's largest oil and gas producer, Petrom, as well as its future challenges. more