01.20.2012

British Europa Oil & Gas on Friday announced it relinquishes the 28.75% stake it owns on the EIII-1 Brodina block in northwestern Romania, in order to focus on other assets. more

01.10.2012

Romanian President Traian Basescu has asked the Parliament to reject a bill amending the gas law, whereby domestic production of natural gas is used on the internal market exclusively, until import more

01.10.2012

Cheap gas deliveries to InterAgro group's plants did not raise any competition red flags, buts this does not mean the state was not prejudiced, Tuesday said Bogdan Chiritoiu, president of the Romanian more

01.09.2012

The end of last week came with another increase in the pump price by 0.8 lei of both gas and diesel operated by Petrom. This is the second hike this year. more

12.22.2011

The European Commission is urging the Romanian government to step up the deregulation of natural gas and electricity, recommending the authorities develop a trading exchange in the gas market, similar more

12.22.2011

French Dyneff, owned by the Rompetrol group, on Thursday announced it has expanded its gas station network in France after launching a new station some 320 km from Paris. more

12.21.2011

Romanian government Wednesday authorized the Finance Ministry to sell at auction its carbon credits granted by the Kyoto committee, the executive said in a statement. more

12.20.2011

The gas supply of chemical plants and power producers, with consumption of more than 30,000 cubic meters per hour, will be limited or ceased in case of force majeure, which will also include a 20% more

12.16.2011

OMV Petrom (SNP.RO), the largest company in Romania, could be significantly affected by the changes of the Gas Law approved by the Chamber of Deputies on Thursday. more

12.15.2011

Romanian companies will not be able to export natural gas until import sources are diversified using the current infrastructure, according to a draft amendment to the gas law, approved Thursday in the more

12.08.2011

The transit deal for Russian natural gas on Romanian soil has been extended by another year, until the end of 2012, Thursday said Elisabeta Ghidiu, strategy and corporate management head within more

12.08.2011

Romania’s gas market is not integrated into the EU market because of price disparities, Competition Council president Bogdan Chiritoiu said Thursday. more

12.07.2011

Romanian energy regulator ANRE Wednesday said natural gas tariffs for industrial consumers will grow by 5% as of January 1, due to costlier imports. more

12.07.2011

The price of natural gas for industrial consumers will grow by another 5% starting January 2012, under an agreement concluded between the Government and the International Monetary Fund. more

11.24.2011

The European Commission took Romania and Bulgaria to the European Court of Justice, claiming the two states do not offer backhaul at all interconnection points, which blocks newcomers to the market. more

11.22.2011

Rompetrol Moldova, a member of oil group Rompetrol, will launch six new gas stations in Moldova by the end of November, reaching a total 43 gas stations nationwide. more

11.15.2011

Romania’s Competition Council has expanded an investigation on auction bid rigging, regarding natural gas works, to include another six companies, the authority said in a news release Tuesday. more

11.09.2011

Romanian oil and gas group OMV Petrom's (SNP.RO) natural gas production in Romania and Kazakhstan increased 3% in the first nine months, to 3.96 billion cubic meters, from 3.84 billion cubic meters in more

11.04.2011

The Black Sea depths are becoming the busiest battleground for the world’s oil giants, which have so far announced plans to spend $2.5 billion to explore this unknown area. Early next year, Romania more

11.02.2011

Condmag Brasov (COMI.RO) will build a gas pipe worth 27.2 million lei (EUR6.2 million) for state-owned gas transporter Transgaz (TGN.RO). more

10.28.2011

ExxonMobil hopes that along with Petrom, Romania’s largest company, it will join the exclusive club of prospectors of the sea depths, through their operations in the Neptun block in the Black Sea. more

10.27.2011

US oil group Chevron will start drilling in Romania in 2012, seeking unconventional gas, Thursday said the company’s Romania manager, Thomas Holst, during a seminar. more

10.13.2011

Romanian liquefied petroleum gas producer and distributor Bulrom Gas on Thursday said it expects sales to reach EUR82 million this year, compared to EUR56 million in 2010. more

10.13.2011

Romania’s Economy Ministry on Thursday announced that natural gas storage operations, for winter consumption, have been completed, using mostly locally made gas. more

10.13.2011

The success rate for deep hydrocarbon exploration is 10%-20%; the rest is risk in the billions of euros. This year, two international giants and Romania's largest oil and gas producer OMV Petrom more