Oil & Gas
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Oil & Gas Industry Contribution to Romania’s GDP Growth
A new study entitled ‘The Contribution of the Oil & Gas Industry to the Romanian Economy’ (2nd edition, updated and…
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Fossil Fuel Subsidies or Demand Reduction?
Subsidies for fossil fuel consumption in 2022 hit a record $1 trillion. At the same time, total fossil fuel spending…
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First Rompetrol Integrated Service Centres on the A1 Highway
The Kazakh-Romanian Energy Investment Fund (KREIF) and Rompetrol Downstream – the retail structural subdivision of the KMG International Group in…
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Methane Emissions in Romania: Monitoring of Gas Installations
In 2022, the draft EU Regulation on methane emissions reduction (14615/22), which has reached Revision VII, has gone almost unnoticed,…
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Equinor Sells Its Oil Terminal at the Bahamas
Equinor has entered into an agreement with Liwathon for the sale of the Equinor South Riding Point oil terminal at…
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Recalibration on the European Gas Market
On the background of the energy crisis stirred by the Russian-Ukrainian conflict, Romania and Serbia are interested in joining their…
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Baltic Pipe Project Passes DNV Certification
DNV, the independent energy expert and assurance provider, has announced the issuance of a Certificates of Conformity (CoC) for the…
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EU Embargo on Russian Oil, Implications and Consequences
The European Union (EU) embargo on Russian oil, which came into force on December 5, 2022, is a long-awaited sanction…
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New Oil and Gas Sector Overtaxation Project
The new oil and gas sector overtaxation project endangers future investments for Romania’s energy security, warns the Oil and Gas…
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First Individual Contract for Gas Deliveries from Azerbaijan to Romania
S.N.G.N. ROMGAZ S.A. and SOCAR Trading, a subsidiary of the State Oil Company of the Republic of Azerbaijan, signed on…
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EU Embargo on Russian Oil, Implications and Consequences
The European Union (EU) embargo on Russian oil, which came into force on December 5, 2022, is a long-awaited sanction…
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New MoU on the Vertical Corridor between Gas TSOs from Greece, Bulgaria, Hungary, and Romania
On December 1st, 2022, in Athens, a Memorandum of Understanding (MoU) was signed between DESFA (Greece), Bulgartransgaz (Bulgaria), FGSZ (Hungary),…
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OMV and Wood MoU for Commercial Licensing of ReOil® Technology
OMV, the international, integrated oil, gas and chemicals company headquartered in Vienna, and Wood, a global leader in consulting and…
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Investment of EUR 130mn at Petrobrazi Refinery to Build New Unit of Aromatic Products
OMV Petrom, the largest integrated energy company in South-Eastern Europe, invests approximately EUR 130 million in the next 3 years…
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Rompetrol Rafinare Invests in Storage Capacities
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), initiated this year an extensive program of maintenance, rehabilitation,…
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Dietsmann Awarded New Maintenance Engineering and Inspection Contract by QatarGas
Dietsmann have signed a two-year Asset Master Data Review, Physical Asset Verification & Bill of Material (BOM) Review and Development…
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Uniper and Vesta to Develop Green Ammonia Terminal Site in the Netherlands
Uniper Global Commodities SE and the Dutch Vesta Terminals B.V. signed a Memorandum of Understanding to evaluate the feasibility of…
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First Natural Gas Available from EemsEnergyTerminal in Mid-September
On Thursday 8 September, in the presence of Minister Rob Jetten (Climate and Energy), Prime Minister Petr Fiala of the…
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Dacian Petroleum Deploys HiberHilo to Boost Efficiency of Gas Wells
Following a successful initial pilot, Dacian expands HiberHilo installations to remotely monitor tubing pressure and other parameters at wells located…
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N’GENIUS Series™ to Change the Way Oil & Gas Sector Views Austenitic Stainless Steels
A ground-breaking new series of high strength austenitic stainless steels – N’GENIUS Series™, has been developed that will transform how…
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