OMV Petrom, the largest integrated energy producer in South-Eastern Europe, invested approximately EUR 115 million to modernize the electrical infrastructure of the Petrobrazi refinery. The investment is part of Petrobrazi refinery’s broader modernization and transformation program. “A modern electrical infrastructure is essential for the proper operation of a refinery. Through this investment, we are strengthening […]
Experts from the European Commission, EU countries, industry, the International Energy Agency (IEA), Energy Community and NATO met in the Oil Coordination Group today to discuss the state of oil security of supply in Europe. Overall, the situation in the Middle East remains unstable and the global geopolitical uncertainty continues to drive significant price volatility […]
Despite lower gas storage levels compared to previous years, the Member States and the Commission consider there is no immediate risk for security of gas supply in the EU. In a meeting of the Gas Coordination Group (GCG) this afternoon, experts from the Commission and Member States confirmed that while the situation on global energy […]
Transgaz S.A. informed the Bucharest Stock Exchange that on September 4, 2026, in Thessaloniki (Greece), the Memorandum of Understanding was signed regarding the expansion of the Vertical Corridor and the inclusion of new members, namely the natural gas transmission and system operators from Serbia (Transportgas Serbia LLV) and North Macedonia (NOMAGAS JSC Skopje), marking a […]
The main OPEC+ nations (Organization of the Petroleum Exporting Countries and allies) remained faithful to plans to keep oil production quotas unchanged in October, although the war in Iran continues to massively affect the activity of extracting oil in the Middle East, reports Bloomberg. A subgroup of seven countries, led by Saudi Arabia and Russia, […]
Rompetrol Rafinare continues in 2026 the strategic program to modernize the storage infrastructure at Petromidia, through the capital rehabilitation and modernization of five tanks with a direct impact on the refinery’s operational flexibility. The projects, currently in various stages of execution, are part of a multi‑annual investment program designed to strengthen operational safety, improve operational […]
Polish company ORLEN Upstream Norway has started production at the Idun Nord field in the Norwegian Sea. In the coming weeks, the company will bring two more fields, Alve Nord and Ørn, according to CEE Energy News. All three fields are located in the Skarv area, one of ORLEN’s main production hubs in Norway. The […]
Oil prices fell more than $2 a barrel in Asian markets on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen, lifting shipping restrictions that have been affecting supplies in the key Middle Eastern region, Reuters reports. Brent crude futures fell $2.30, or 2.6%, to $86.28 a barrel […]
Six member states of the European Union requested, on Saturday, the introduction of a tax at the EU level to be applied to oil companies, whose profits have skyrocketed as a result of the war in the Middle East, informs AFP. The finance ministers of Germany, Italy, Austria, Poland and Portugal, together with the economy […]
Norway will continue to develop its oil and gas resources in the Barents Sea, regardless of the support expressed by the European Union for a moratorium on the supply of hydrocarbons from the Arctic zone, and at the same time it is no longer considered the “green battery” of Europe, Norwegian Energy Minister Terje Aasland […]
Premier Energy PLC management informs the market about the start of liquefied natural gas (LNG) supply through the LNG terminal in Alexandroupolis, Greece, according to a press release sent to BVB. The company has committed to purchase an LNG shipment of 1 million MWh (or approximately 100 million cubic meters) of natural gas for the […]
Transgaz, the operator of the national gas system in Romania and Moldova, has signed a memorandum of understanding to become a shareholder of Argent LNG, a company that is building a massive liquefied natural gas (LNG) export terminal in the US state of Louisiana. “SNTGN Transgaz SA and Argent LNG, LLC signed a Memorandum of […]
Experts from the European Commission, EU countries, industry, the International Energy Agency (IEA) and NATO met in the Oil Coordination Group yesterday to discuss the state of oil security of supply in Europe, in light of renewed hostilities in the Middle East and the blockade of the Strait of Hormuz. The Group confirmed that there […]
Kazakhstan was forced to stop the transport of crude oil to its main export terminal on the Russian Black Sea coast, from where the crude oil leaves for global markets, including Romania, as the series of attacks on oil tankers threatens the exports of this landlocked Central Asian country, writes Bloomberg, taken over by the […]
