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

12.05.2013

Romania’s government is trying to persuade oil companies not to hike fuel prices after an increase in fuel excises planned for next year, and offers to delay increases of the share of biofuels that 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

11.26.2013

Romania’s government has approved several oil concession agreements in the perimeters Baile Felix, Biled, and Periam, agreements between the country’s National Mineral Resources Agency (ANRM) and more

11.12.2013

Romania’s agency for mineral resources ANRM last week approved the increase by 5.44% of the oil transport fee applied by state-run oil transporter Conpet Ploiesti (COTE.RO). more

11.12.2013

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) on Tuesday announced plans to bid for one or more hydrocarbon fields the country’s mineral resources agency, or ANRM, will auction in more

11.11.2013

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Monday said it has switched to a loss of 6.42 million lei (EUR1.44 million) in the first nine months of 2013, versus profit a year earlier, 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

10.25.2013

Hunt Oil Company of Romania, a unit of Texas-based oil group Hunt Oil, plans to purchase drilling services at its field in Adjud of up to 25 million (EUR5.6 million), the company said in a statement 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

10.13.2013

Romanian businessman Gabriel Comanescu, owner of the Upetrom group, has renounced plans to focus on the production of parts for wind turbines at the Upetrom 1 Mai plant in Ploiesti, which will stick more

10.10.2013

Romania’s National Mineral Resources Agency (ANRM) says it will hold a new auction for exploration, development and drilling licenses for about 28 onshore and 8 offshore oil blocks in the Black Sea 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

10.02.2013

Producers of cigarettes, meat and sunflower oil together had total exports of around EUR460 million in the first half of this year, shows a ZF analysis based on the official statistics of the 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

09.13.2013

Grup Servicii Petroliere (GSP), the offshore drilling company of Upetrom group owned by businessman Gabriel Comanescu, won a contract to drill four wells for Greece’s Energean Oil&Gas. more

09.05.2013

The management of Romania’s oil transmission system operator Conpet Ploiesti (COTE.RO) says the priority for the next few years is to identify and capitalize on infrastructure projects that will more

08.29.2013

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) plans to commission a feasibility survey for the construction of a pipeline that would link Romania’s southeastern city of Constanta to more

08.28.2013

Romanian fuel prices could spike in the near term following the recent increase in international oil prices amid reports of a potential U.S.-led military strike in Syria, ING Bank analysts said 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

08.12.2013

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) registered loss of 4.5 million lei (about EUR1 million) in the first half of the year, from net profit of RON0.22 million in the similar more

08.07.2013

A new addendum with classified content has been added to the concession agreement for oil exploration, development and exploitation in the Neptun block of the Black Sea, with the main explanation more

07.25.2013

Paul Pop, former commercial manager at Rompetrol Downstream, sold EUR150 million worth of gasoline and diesel oil last year through his company Rottco Consult, an independent distributor oil products. more

07.24.2013

No other European country has experienced such an extensive refinery closing process as Romania, which lost seven oil-processing facilities in 2007-2012. The last in the line of seven closures was more