Romanian gas storage operator surpasses European stock target
Depogaz Ploiești, a Romgaz Group company and the largest operator of underground natural gas storage, has announced that it has achieved its gas stock target for the cold season.
Depogaz Ploiești, a Romgaz Group company and the largest operator of underground natural gas storage, has announced that it has achieved its gas stock target for the cold season.
State-owned gas producer Romgaz has entered into an eight-year strategic partnership with Weatherford International to implement a real-time digital well monitoring system.
The Romgaz Group has reported a consolidated net profit of RON 1.67 billion (€338 million) for H1 2025 , which is 8.60% lower than the same period in 2024.
MOL Group reported a profit before tax of $236 million in the second quarter of 2025, marking a 56% year-on-year decrease. The company's performance was impacted by a slowing regional macroeconomic environment.
The Romanian Minister of Energy, Bogdan Ivan, said that the country's supply of fuels is stable and continuous, despite OMV Petrom's issues.
OMV Petrom registered a net profit of RON 2.08 billion (€419.7 million) in H1 2025, a 21% decrease compared to RON 2.62 billion (€528.2 million) in the same period last year.
Romanian energy producer Romgaz Group has released its preliminary operational results for H1 2025, showing a largely stable performance compared to the same period in 2024.
Nova Power & Gas, a local energy company part of the E-INFRA group, has confirmed its investment in the largest battery energy storage facility in Romania.
Romania's National Energy Regulatory Authority (ANRE) has granted the establishment authorization for the upstream supply pipelines essential for natural gas production.
Oil major OMV Petrom and NewMed Energy Balkan have signed a rig contract for drilling two offshore exploration wells in the Bulgarian Black Sea.
OMV Petrom recorded a hydrocarbon production of 102,200 barrels of oil equivalent (boe) per day in Q2 2025.
Oil major OMV Petrom has announced a significant natural gas discovery in Spineni, approximately 70 km north-east of Craiova, southern Romania.
Romanian gas transmission company and its Serbian peer JP Srbijagas have signed a Memorandum of Understanding for the construction of two crucial natural gas pipeline projects.
MOL Group has recorded a pre-tax profit of $546 million, marking a 23% increase compared to the same period last year.
OMV Petrom concluded the first quarter of this year with a net profit of RON 1.07 billion (€200 million), a 24% decrease compared to the same period in 2024.
Oil and gas major OMV Petrom has announced that its wind and photovoltaic projects in Romania have a combined capacity of 2.4 GW.
Romania's usable gas production in January 2025 was 661,700 tonnes of oil equivalent (toe), a decrease of 300 toe compared to the same period last year.
Romanian state-owned gas producer Romgaz is looking for a consultant for its planned purchase of Azomureș.
OMV Petrom has finalized a transaction with NewMed Energy Balkan to advance exploration in the Han Asparuh offshore block in Bulgaria.
The president of the AEI believes that although crude oil prices in 2025 may remain at the price level of this period, the pump price will increase as a result of tax increase.
Vodafone Romania has completed the acquisition of Telekom Romania Mobile Communications.
Camelia Ene has resigned from her position as CEO of ROCA Industry, with her final day in the role set for the end of October.
Dan Lăzărescu has been named the new General Manager of Robert Bosch Romania. and the representative of the Bosch Group, effective from October 2025.
The artificial intelligence sector is rapidly reshaping the labour market in Romania, creating both opportunities and challenges for businesses and professionals.
Romania has fallen seven places to 27 out of 33 countries in the latest electric vehicle (EV) Charging Index report, with its score dropping from 46 to 42 points.