08.01.2013

The ten largest contracts awarded by Romgaz in the first half of 2013 stood at over 556 million lei (EUR126 million), almost three times higher than the value of the top ten contracts granted in the more

07.25.2013

Romania’s Economy Ministry wants to obtain EUR600 million from selling a 15% stake in natural gas producer Romgaz Medias in November and is considering floating the company on both the Bucharest more

07.18.2013

Romanian state-run natural gas producer Romgaz Medias will use the gas from its newly discovered Cojocna field to fuel two low-power electric units in the region, the company said in a statement more

07.15.2013

Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) and peer company Inspet Ploiesti will build together a natural gas compression system for state-run gas company Romgaz Medias, Condmag said in more

07.15.2013

The most profitable companies in Romania posted EUR3.755 billion net profit together last year. OMV Petrom (SNP.RO) was the top profit maker, with its EUR864.1 million accounting for 23% of the total, more

07.02.2013

State-controlled Romgaz, Romania’s largest gas producer, recorded a net profit of 473.4 million lei (EUR108 million) in the first quarter of this year, up by around 84% against the similar period of more

06.06.2013

Romanian state-run natural gas producer Romgaz Medias will pay out its shareholders total dividends worth 1.06 billion lei (EUR236 million) from the 2012 net profit, 13% higher on the year. more

05.21.2013

Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) has won a 237.5 million lei (EUR55 million) contract to build a natural gas compressor for state-owned natural gas producer Romgaz Medias. more

05.16.2013

Romania’s largest natural gas producer, state-owned Romgaz, has budgeted revenues of about 4.4 billion lei (EUR1 billion) for 2013, 14% higher on the year. more

04.29.2013

Petru Vaduva might be appointed general manager of Romanian state-run natural gas transporter Transgaz Medias (TGN.RO) Monday and Virgil Metea is likely to take over as general manager of gas producer more

04.29.2013

The largest Romanian gas producer is once again also the most profitable state-run company, as Romgaz posted an all time high net profit of 1.24 billion lei (around EUR280 million) in 2012, up 20% on more

04.04.2013

Romgaz, Romania’s largest natural gas producer, has to expand its operations in the Black Sea by getting involved in new exploration lease deals, the country’s energy minister Constantin Nita said more

03.14.2013

Romanian state-run natural gas producer Romgaz Medias plans to sell around 430,000 megawatt hours of electricity on the local energy exchange OPCOM in a bid to raise 87.7 million lei (roughly EUR20 more

02.13.2013

Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Wednesday signed an agreement with state-run natural gas producer Romgaz to potentially reassign a 10% share more

01.31.2013

Romanian state-run natural gas producer Romgaz Medias Thursday said it has completed the takeover of Iernut thermal power plant in Mures county. more

01.21.2013

Romanian state-run natural gas producer Romgaz Medias has become a vertically integrated power company following the takeover of the Iernut thermal power plant. more

11.23.2012

Lukoil Overseas, a unit of Russian giant Lukoil, Friday said it has signed a deal with Romania’s state-run natural gas producer Romgaz to reassign an 8% share in two oil blocks in the Romanian more

11.09.2012

Romania’s largest natural gas producer Romgaz might see revenue reach EUR1 billion this year if it keeps the same growth pace as in the first half. The company is also getting ready to expand into more

10.17.2012

Romanian state-run natural gas producer Romgaz Medias is looking for partners to build additional units at its Iernut thermal power plant and upgrade the existing ones, an official of the Economy more

09.13.2012

Romania’s High Court of Cassation and Justice has irrevocably rejected a second appeal filed by investment fund Fondul Proprietatea (FP.RO) against a government-imposed cash donation from natural more

08.23.2012

Romania will delay an initial public offering of a 15% stake in natural gas producer Romgaz Medias until March 2013 so that the company’s gas holdings may be assessed by a consultant, the government more

07.05.2012

Romanian drilling company Dafora Medias (DAFR.RO) has signed three contracts with state-owned natural gas producer Romgaz for drilling and preparation works, worth a total 20 million lei (EUR4.4 more

06.27.2012

Romanian natural gas producer Romgaz has wrongly spent more than 123 million lei (EUR27 million) on machinery and equipment, and another RON115 million on activities that did not improve its business, more

06.18.2012

Unconventional gas, including shale gas, may relieve Romania of its dependence on Russian gas imports, which currently covers some 20-30% of national consumption, Monday said Radu Gheorghe, more

06.12.2012

Romanian natural gas producer Romgaz could be floated simultaneously in Bucharest and on a foreign exchange, but such a decision requires serious consideration, one of the brokers running the sale of more