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

06.06.2012

Romanian Economy Ministry plans to replace the general managers of its majority owned natural gas companies Romgaz Medias and Transgaz Medias (TGN.RO). more

05.29.2012

Romgaz Medias, Romania’s largest gas producer and the most profitable state-run company, last year reached a net profit of over 1 billion lei (around EUR0.22 billion), 35% more than the preliminary more

05.25.2012

Romania’s Competition Council said it will finalize in the upcoming months the antitrust inquiry set off last year on the local gas market regarding a potential conspiracy between several companies more

03.19.2012

Romanian Economy Ministry has signed a brokerage agreement to sell 15% in state-run natural gas producer Romgaz Medias, the ministry said in a statement Monday. more

02.29.2012

Romanian state-run natural gas producer Romgaz will invest some $500 million (EUR372 million) in geological surveys at eight onshore fields leased from the national mineral resources agency, an more

02.29.2012

The liberalization of gas prices, requested by the International Monetary Fund and the European Commission, will not result in a strong increase of fees, to import levels, since purchase power is low more

02.28.2012

Romanian state-owned natural gas producer Romgaz has appointed Costel Totan as interim general manager, replacing Dumitru Chiselita who was appointed adviser within the Economy Ministry. more