13 aug 2015

Neither the significant improvement of the refining margins nor the rebound in oil product demand can change the fate of Arpechim, the third largest oil refinery by capacity in Romania held by OMV more

10 aug 2015

EDP Renovaveis, the renewable energy unit of Portuguese group EDP, the third largest investor on the Romanian renewable energy sector, has completely suspended investments on the local market, more

6 aug 2015

The first half report of Hungary’s MOL shows it paid HUF15.5 billion (about EUR50 million) for the 42 Agip gas stations Italy’s ENI still had in Romania. The acquisition of the Agip gas stations more

5 aug 2015

Grup Servicii Petroliere (GSP), the offshore drilling company of Constanta businessman Gabriel Comanescu, expects revenue to drop by more than 20% this year mainly because of the abrupt decline in oil more

4 aug 2015

Lacramioara Diaconu-Pintea has been put in charge of OMV Petrom’s natural gas and energy unit this summer, an about EUR1 billion business that accounts for 20% of the ‘economy’ of the oil and more

31 iul 2015

Enel Romania, the country’s largest private electricity distributor, posted revenue of EUR497 million in the first half of 2015, down 3,5% compared with the same period a year before, according to a more

23 iul 2015

World Class Romania, Romania’s largest fitness chain, aims to open 26 more fitness units by the end of 2017, at a total of 40 units throughout the largest cities countrywide. Also, it mulls to more

21 iul 2015

The bid on Romania’s Energy Ministry selling a 26.69% minority stake in oil company Rompetrol Rafinare, which manages the Petromidia Refinery on the Black Sea coast, may take place in the first half more

16 iul 2015

Telecom operator RCS&RDS is the only company in its industry that has taken concrete steps to expand into the energy market so far, becoming an electricity supplier and producer, while its rivals are more

14 iul 2015

Tinmar Ind, the largest private electricity trader in Romania, ended last year with more than 2.4 billion lei (EUR541 million) revenue, higher than expected. more

9 iul 2015

The government collected 2.8 billion lei (EUR625 million) from the EUR0.07 per liter fuel excise duty in one year since its introduction. more

3 iul 2015

Rompetrol, the second leading player in the local oil industry, is changing the business model for its gas station network, transferring about 140 stations to dealers. more

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