One billion euros invested in the Romanian oil and gas sector, in the upstream onshore exploration and production segment, could add 5.8 billion euros to Romania’s gross domestic product (GDP) and bring a 3.1 billion euro increase in contributions to the state budget over a period of about 10 years, transforming the sector into a […]
The country’s energy security is not negotiable and I support the energy independence of this country, to have safe and cheap energy, and to end ‘all these scumbags’ who have been keeping us stuck for years and captive to Russian gas, declared on Tuesday, at a specialized debate, the Minister of Energy, Sebastian Burduja. ‘The […]
Black Sea gas means freedom, it means over 20 billion euros earned for Romanians, maybe even more, said Energy Minister Sebastian Burduja on Tuesday. In a Facebook post, he welcomed the fact that drilling has begun in the Neptun Deep block, off the Black Sea, a strategic project that has encountered obstacles ‘fabricated in bad […]
OMV Petrom and Romgaz have started drilling for the development and exploitation of the Pelican Sud and Domino natural gas fields in the Neptun Deep perimeter, located 160 km offshore the Black Sea. According to a press release submitted on Tuesday, AGERPRES, the project is progressing according to plan, with the first production estimated for […]
MOL has discovered a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December last year, oil was found at a depth of 1,250 meters. According to the results, the well located in the Somogysámson oilfield is capable of producing 1,200 barrels per day. Zsombor Marton, Executive Vice President […]
The gas market landscape could change significantly after a possible peace agreement in Ukraine, which could bring Russian flows back to the market. Everything depends on Putin’s negotiations with the US and the extent to which Russia will manage to obtain the most advantageous conditions in this diplomatic “poker” so that the agreement is accompanied […]
Croatian Economy Minister Ante Susnjar said that Croatia’s oil pipeline operator Jadranski Naftovod (JANAF) could buy Russia’s stake in Serbia’s Naftna Industrija Srbije (NIS), Interfax reported, citing Croatian media. According to Ante Susnjar, such a transaction would be a natural complement to the business, given that the NIS refinery receives oil through pipelines operated by […]
OMV Petrom has started construction work on the sustainable aviation fuel (SAF) and renewable diesel fuel (HVO) production unit at Petrobrazi, an investment of 750 million euros and a capacity of 250,000 tons per year, from 2028. Petrom posted a video on its social media page with the symbolic moment of the start of construction, […]
The heads of OMV and OMV Petrom had a meeting today at Cotroceni Palace with interim President Ilie Bolojan. Here is the full press release from the Presidential Administration: The interim President of Romania, Ilie Bolojan, received on Monday, March 17, 2025, at Cotroceni Palace, a delegation of OMV Petrom, consisting of members of the […]
A delegation from OMV and OMV Petrom held talks today with Prime Minister Ciolacu and interim President Bolojan. The Presidency issued a statement after the meeting, but not the Government, but we managed to find out, from sources close to the situation, what was the main topic of discussion. Gas taxation was the dominant topic […]
The Preventive Action Plan in the Energy Sector, developed by the Ministry of Energy, is an essential document for ensuring the security of gas supply in Romania, claims Energy Minister Sebastian Burduja. According to a press release sent to AGERPRES on Friday, the Ministry of Energy has promoted the emergency ordinance in the Government regarding […]
OMV Petrom, the largest integrated energy producer in Southeastern Europe, announces the completion of the transfer of a stake between its subsidiary OMV Offshore Bulgaria and NewMed Energy Balkan, a subsidiary of NewMed Energy, a press release from the Romanian company shows. Following the completion of the transaction, the two partners hold equal stakes in […]
Russian oil supplies to Hungary via the Drujba pipeline were suspended on Tuesday following a massive Ukrainian drone attack targeting the Moscow region, which also damaged a pipeline station, Hungarian Foreign Minister Peter Szijjarto said, according to the MTI news agency, quoted by Agerpres. The Hungarian official announced shortly afterwards that he had been informed […]
Amid rising temperatures, which led to a decrease in consumption, Romania has resumed exporting natural gas and even re-injecting it into storage, according to Transgaz data. Romania imported 9.1 million cubic meters of gas from Bulgaria on March 12, both through the Kardam-Negru Vodă entry point and through Ruse-Giurgiu. Transgaz data at 6:00 p.m., however, […]
