Romgaz
Romania Plans to Export Black Sea Gas to Moldova, Region
Romania's Energy Minister, Virgil Popescu, on Wednesday said Romania will produce more natural gas than it needs once it starts extracting gas from the Black Sea area - and will then be in a position to export to countries in the region, with Moldova a priority.
WEC's Iancu: Romgaz can support Black Sea offshore drilling investment, should be operator
Romanian gas producer Romgaz has the capacity to support investment in the Neptun Deep deep-water offshore gas field development project in the Black Sea and should be the operator of this project, Chairman of the Romanian National Committee of the World Energy Council Iulian Iancu told a news briefing on Tuesday.
Energy minister discusses with ExxonMobil officials on collaboration with Romgaz in carbon storage area
Energy Minister Virgil Popescu met on Wednesday with the representatives of the US company ExxonMobil, and one of the topics of discussion was the collaboration with Romgaz in the field of carbon storage, according to a post on the minister's Facebook page.
Romgaz, ready to take over offshore drilling project amid unexpectedly high interest of banks
Romgaz is ready to take over ExxonMobil's share in the Neptun Deep Black Sea offshore natural gas project, and funding that will be a mix of equity and raised money, Romgaz Director General Aristotle Jude told a news conference on Tuesday. "On March 31, we submitted an offer to take over ExxonMobil's share in the Neptun Deep block.
Romgaz posts net profit rising by 15% and business dropping by 19.8%, for 2020
The gas producer Romgaz obtained last year a net profit of 1.25 billion RON, rising by 15.14% from 2019, but the company's turnover has gone down by 19.79%, to 4.07 billion RON, given that the quantity of natural gas sold was 10.1% smaller.
EnerMin Popescu: First Romanian gas molecule from Black Sea perimeter to be drilled this year
The first Romanian gas molecule in the Black Sea will be drilled this year by the Black Sea Oil&Gas company from the Aurora perimeter, and from the Neptune Deep area it will probably happen in 2025, Energy Minister Virgil Popescu said on Monday evening on private B1 TV broadcaster.
Romania ranks 3rd in Coface CEE Top 500
Romania went up on the 3rd position from the 4th position in the Top 500 companies in Central and Eastern Europe - Coface CEE Top 500, with 61 companies, increasing from 56, this development being due to the expansion of consumption, County Manager of Coface Romania Eugen Anicescu told a news conference on Wednesday.
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EU Funds Minister invites women's entrepreneurship umbrella organization to join effort to manage future operational programs
Minister of European Funds Roxana Minzatu said on Wednesday that she is inviting the National Women's Entrepreneurship Confederation - CONAF and other organizations to join the working groups tasked with managing the future operational programs and working out programs and public policies that will contribute to the development of a flexible labor market.
Prime Minister Viorica Dancila discusses Paroseni and Mintia thermal power plants situation
Prime Minister Viorica Dancila said on Sunday in the town of Lupeni, in the Jiu Valley, that Mintia thermal power plant, within the Hunedoara Energy Complex, could be taken over by the Hunedoara County Council, the prime minister having discussed at the Paroseni thermal power plant the problems and solutions that can be adopted in the case of the two electricity producers, Electrocentrale Deva
FinMin Teodorovici: Capping gas prices, a communist practice up to a point, but neccesary due to no competition
The Government's intention of capping gas prices is a communist practice up to a point, but necessary, because on this market there is no competition, and companies raise prices as they please, said Thursday, Finance Minister Eugen Teodorovici, present at the White Book of SMEs launch conference.