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romgaz

Romania’s state-owned companies fail to expand abroad

Oil & Gas April 23, 2018 11:44 0 comments BR Exclusive

Two of the most important companies controlled by the Romanian government, Transgaz and Romgaz, failed recently to expand abroad, due to tough competition or lack of proper strategies. On April 19, a consortium led by…more »

Fondul-Proprietatea

Fondul Proprietatea exits Conpet

Oil & Gas April 20, 2018 17:24 0 comments

Fondul Proprietatea, the EUR 2.1 billion closed-end fund managed by Franklin Templeton, has sold its minority stake in Conpet, the operator of the oil transport network in Romania. The fund sold over half a million…more »

Romania is the third least dependent EU member state on energy imports

Oil & Gas April 20, 2018 14:06 0 comments

Romania ranks 26th among the 28 European Union member states in terms of energy dependency, energy imports covering only 22.3 percent of national consumption in 2016, Eurostat data show. The energy dependency of the EU…more »

transgaz

Transgaz loses bid for Greece’s grid operator

Oil & Gas April 20, 2018 12:08 0 comments

The consortium led by Spanish company Reganosa, including Romanian state-owned monopoly Transgaz and the European Bank for Reconstruction and Development (EBRD), lost the bid for Greece's grid operator DESFA, Athens accepting a EUR 535 million…more »

rompetrol rafinare

Rompetrol Rafinare plans investments worth USD 56.9 mln in 2018

Oil & Gas April 16, 2018 09:51 0 comments

Rompetrol Rafinare, the refining company controlled by KazMunayGas, will propose to shareholders an investment plan worth USD 56.9 million for 2018. The plan will be submitted for approval during the general shareholders’ meeting of the…more »

Oil prices

Bahrain discovers 80 bln barrels of offshore oil

Oil & Gas April 05, 2018 16:46 0 comments

Bahrain has announced that it discovered a new offshore oil field that contains up to 80 billion barrels of oil. Officials are expecting extraction to begin in around five years. Bahrain is the smallest oil…more »

omv petrom

OMV Petrom to increase the value of shareholders’ dividends

Oil & Gas April 05, 2018 09:39 0 comments

The oil&gas producer OMV Petrom has announced the increase in the value of shareholders’ dividends, "to offer the shareholders the security of a stable, predictable and attractive dividend in the following years,” said the company.…more »

gas-price

Energy regulator increases by 10 pct retail gas prices in Southern Romania. See the impact of the decision

Oil & Gas March 30, 2018 10:29 0 comments

Romanian National Energy Regulatory Authority (ANRE) decided to increase by 10 percent the natural gas prices paid by 1.6 million household consumers located in the Southern part of the country, including Bucharest, a move that…more »

transgaz

Greek paper: US and EU favoring Transgaz in DESFA tender in order to create alternative gas route

Oil & Gas March 27, 2018 15:12 0 comments

The tender for the Greek natural gas network operator DESFA is put in a new lights as there is a common desire of the European Union and the United States to strengthen alternative routes for…more »

omv petrom

OMV Petrom estimates net profit of RON 2.5 bln this year

Oil & Gas March 22, 2018 16:50 0 comments

The oil&gas producer OMV Petrom estimates net profit of RON 2.5 billion this year, slightly higher than the last year, due to a decreasing production and increasing investments, according to the data presented by the…more »