Energy
OMV Petrom Hydrocarbon Output Drops 6% YoY in 3Q/2020
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Thursday in a report its total hydrocarbon production stood at 141,300 boe/day in the third quarter of 2020, compared with...
Bog’Art Buys Two Plots In Northern Bucharest From OMV Petrom
Bog’Art Residential has bought two plots of land of 6,500 square meters in northern Bucharest, from OMV Petrom, where it will develop a residential compound with 130 apartments.
MOL Romania Invested $200M Locally in 25 Years
MOL Romania, part of Hungary’s oil group MOL, invested approximately $200 million in organic expansion and modernization of its retail network since entering the local market 25 years ago.
Transgaz Shareholders OK Deal Enabling EBRD To Become Shareholder In Vestmoldtransgaz With 25% Stake
Shareholders of Romania's natural gas transmission company Transgaz (TGN.RO) on Monday approved the conclusion of a transaction with the European Bank for Reconstruction and Development (EBR...
OMV Petrom Gets Antitrust Clearance on Outsourcing Deal
Romania's antitrust body on Thursday cleared the deal whereby oil and gas company OMV Petrom (SNP.RO) seeks to outsource operations and services to J. Christof E&P Services SRL and Christof...
E.ON Gaz Furnizare And E.ON Energie Romania Announce Merger Through Absorption
E.ON Gaz Furnizare and E.ON Energie Romania, the natural gas and electricity suppliers of German utility E.ON Group in Romania, on Thursday said they are involved in a process of merger thro...
Wood & Company Acts As Market Maker For Electrica Shares To Enhance Liquidity Of Listed Shares
Electrica (EL.RO), key player on the Romanian electricity distribution and supply market, as well as one of the most important players in the energy services sector, will benefit as of Septe...
OMV Petrom Revises Down Oil Price Assumptions
OMV Petrom, the largest energy company in South-Eastern Europe, has revised its medium and long-term oil and electricity price assumptions leading to net impairments of around RON350 million...
Romgaz Opens New Branch, In Drobeta Turnu Severin
The Board of Directors of Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) has approved the setup of Drobeta – Turnu Severin Branch within S.N.G.N. ROMGAZ S.A, in the county...