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Oil & Gas


Spanish-led consortium, including Transgaz and EBRD, submitted a binding offer for Greece’s gas grid operator DESFA

Banking February 20, 2018 12:38 0 comments

A consortium including Romanian state company Transgaz and the European Bank for Reconstruction and Development (EBRD), led by Spanish company Reganosa, is one of the two bidders for a 66 percent stake in Greeece's gas…more »

When your energy is fueling your competitors: How Romanian offshore gas could consolidate Hungary’s position as a dominant player in the region

Oil & Gas February 16, 2018 16:55 0 comments

Within the next five years, Romania will become a major producer and exporter of natural gas, due to its offshore reserves located into the Black Sea exclusive economic zone of the country. But major producer…more »


Romgaz’s net profit up by 82.4 pct in 2017, a record since BVB and London Stock Exchange listing

Oil & Gas February 15, 2018 13:15 0 comments

Natural gas producer Romgaz Medias posted an increase by 82.4 percent in the net profit in 2017, a record since Bucharest Stock exchange (BVB) and London Stock Exchange listing, according to a release of BVB.…more »


Transgaz’s net profit up by 1.28 pct to over RON 602 mln in December 2017

Oil & Gas February 15, 2018 12:10 0 comments

Transgaz posted a net profit of over RON 602 million on December 31, 2017, in year-on-year increase by 1.28 percent, according to the report of the company posted on Bucharest Stock Exchange (BVB). The operating…more »

Oil Terminal net profits down 66.9 pct to RON 5 mln in 2017

Oil & Gas February 13, 2018 12:28 0 comments

Oil transport company Oil Terminal recorded a net profit of RON 5.09 million in 2017, down 66.9 percent year-on-year, according to the preliminary financial data published by the Bucharest Stock Exchange (BVB). On investments, the…more »


ROPEPCA opposes ANRM’s methodology for setting reference price for natural gas extracted in Romania

Oil & Gas February 12, 2018 10:42 0 comments

The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) has announced that it stands against the ANRM (the National Agency for Mineral Resources) order approving the methodology for establishing the reference price for the natural…more »

foreign affairs ministry romania

Foreign Affairs Ministry contradicts Hungarian Foreign minister: gas infrastructure cannot be exclusively dedicated to a particular country

Oil & Gas February 08, 2018 12:35 0 comments

The Romanian Foreign Ministry is contradicting the Hungarian Foreign minister, Peter Szijjarto, who had said after his Bucharest visit that Hungarian companies will contract the entire transport capacity of the BRUA pipeline. “According to European…more »


State lost RON 7 bln due to reference price for petroleum royalties not being updated since 2008

Oil & Gas February 07, 2018 16:16 0 comments

The state budget lost over Ron 7 billion between 2010 and 2015, as the reference price for petroleum royalties had not been updated since 2008, according to two inspections of the Accounts Court, said Dorinel…more »


Transgaz plans to make investments worth RON 6 bln by 2020

Oil & Gas February 05, 2018 11:44 0 comments

The national gas transport operator Transgaz has planned investments of RON 6.1 billion between 2018-2020, in the development of the National Transport System (NTS) and the acquisition of shares in European industry operators. Transgaz is…more »

energean oil and gas

EximBank Romania and Intesa Sanpaolo Romania to give USD 75 mln loan to Greek company Energean

Banking February 02, 2018 09:54 0 comments

The Greek hydrocarbon exploitation and production company Energean Oil & Gas announced on Thursday that it signed a loan agreement worth USD 180 million with the European Bank for Reconstruction and Development (EBRD), the Black…more »