gas

Romania currently has 2.8 billion cubic meters of gas in its underground storage facilities, which represents over 88% of the total storage capacity, according to a statement from the Ministry of Energy. The European Commission's…

Swiss-based MET Group, one of the fastest growing energy companies in Europe, has signed a EUR 1.1 billion Borrowing Base Facility (BBF) for its Sales and Trading segment. The Facility demonstrates the confidence of banking partners in…

Bilfinger, the leading global industrial services provider, has won a series of engineering projects under the universal framework agreement that has been closed with Black Sea Oil & Gas company. It is the first new offshore gas…

Romania received, through the Modernization Fund, a first tranche worth almost 1.1 billion euros for investments in the development of energy distribution networks, the rehabilitation/modernization of district heating networks, the natural…

A strong explosion occurred on Friday at the Dedeman DIY store in Botoșani. The authorities have activated the Red Intervention Plan. From the first information, at least 13 people were injured, with four in serious condition, and over a…

The Competition Council authorized the transaction by which Emma Lambda Limited, Cyprus, part of the Czech Emma group, takes over Stratum Energy Romania LLC, USA, with its branches and subsidiaries. Thus, the Emma group, which owns a large…

Greenpeace activists protest on Wednesday at the headquarters of OMV Petrom, against the new gas project in the Black Sea, Neptun Deep. Activists, who wrote messages with yellow paint on the OMV building, claim that gas exploitation…

​Prime Minister Marcel Ciolacu gave assurances again on Tuesday that the Government will not increase taxes and invited American investors to develop Romania's strategic investment objectives, from the government cloud to the energy sector.…

OMV Petrom, the operator of the Neptun Deep gas field in the Black Sea project, is prepared to kick off drilling and has started to train its team of specialists. The first well will be drilled next year, and actual production will begin in…

TeraPlast Group announces the acquisition of the majority stake in the company Palplast from Calarasi, Republic of Moldova. The company owns two production lines for high-density polyethylene pipes for water and gas supply networks. The…