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

07.01.2013

Serbian oil group NIS, controlled by Russian giant Gazprom, will have its first Bucharest filling station this autumn under the Gazprom brand. more

06.28.2013

Romanian household consumers will pay by 8% more for natural gas as of July 1, the energy watchdog ANRE said Friday. more

06.28.2013

Russia’s Gazprom will invest over EUR150 million in its Romanian gas filling station network by 2015, Gazprom Neft’s deputy general manager Kirill Kravchenko said Friday. 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

06.11.2013

Romania has enough shale gas resources to meet consumption needs over the next century, according to estimates from the US Energy Information Administration, or EIA. 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