Latest news
Romania wants to reduce its participation in Petrom
OMV, Austrian major oil and gas group, does not intend to increase its share in its Petrom division, even though the Romanian government would like to vend a part of its 21% stake in order to reduce its participation to 8%, according to OMV’s representative on Tuesday.
read more... 27/04/2010
Lindsey refinery acquisition
Oil Refinery Petroplus, based in Switzerland, has submitted a proposal to buy Total’s refinery Lindsey in the UK. In order to reduce its total production capacity of oil, Total, the largest oil company in France, intends sell its 223 000 barrels per day Lindsey refinery. This event was rather unexpected news.
read more... 23/04/2010
Petrom diversifies its power mix in Romania
Romanian oil and gas company, Petrom, plans to build a wind farm in Dobrogea, in south-eastern Romania. Starting with this project, the company wants to develop renewable energy and turn from a pure oil and gas company into an energy player in the Romanian energy market.
read more... 19/04/2010
Investment of Petrom in Romanian wind power project
Petrom, the Romanian oil and gas group, intends to purchase a wind power project, looking for new opportunities for assessment of potential energy sources, insulating against the inefficiency of the existing refineries this way.
read more... 16/04/2010
South Stream project: Eni and Gazprom agreement
On Monday, Italian oil and gas group Eni announced about its intention of accelerating the process of finalizing together with Gazprom the feasibility study and to begin the construction of the South Stream gas pipeline as soon as possible.
read more... 13/04/2010