OIL AND OIL DERIVATES

Romanian OMV Petrom Sanctioned by the National Environmental Guard

Date: 19.04.2019 Author: Peter Palčec
Romanian OMV Petrom Sanctioned by the National Environmental GuardPhoto: www.rompetrol.com

The Romanian oil and gas company OMV Petrom has been sanctioned by the National Environmental Guard for the transportation of gas and petroleum via pipelines at the Midia processing plant without

Romanian OMV Petrom Opens New Unit to Convert LPG into Gasoline and Diesel

Date: 18.04.2019 Author: Tanja Srnovršnik
Romanian OMV Petrom Opens New Unit to Convert LPG into Gasoline and DieselPhoto: www.rompetrol.com

The Romanian oil and gas company OMV Petrom has commissioned a new Polyfuel unit within the Petrobrazi refinery, which uses innovative technology to convert LPG and low-grade light gasoline into

Romania's Power Imports Up 102.1% in First 2 Months of 2019

Date: 18.04.2019 Author: Peter Palčec
Romania's Power Imports Up 102.1% in First 2 Months of 2019Photo: Carmen Mateescu

Romania's electricity imports increased by 102.1% to 835.8 GWh in the first two months of 2019 compared to the same period in 2018, while electricity exports fell by 57.5% to 541.2 GWh, reported

SED 2019: Gas Consumption to Grow or Remain Stable At Least to 2050

Date: 16.04.2019 Author: Tanja Srnovršnik, Pula
SED 2019: Gas Consumption to Grow or Remain Stable At Least to 2050Photo: Shutterstock

Gas consumption is set to grow until around 2030 or 2035 as gas plays an important role in the transition from coal, nuclear, and heavy oil. This will be followed by some 20 years of stability, the

SED 2019: Croatia Needs “Intelligent Risk Taking” in Oil and Gas Exploration

Date: 15.04.2019 Author: Tanja Srnovršnik, Pula
SED 2019: Croatia Needs “Intelligent Risk Taking” in Oil and Gas ExplorationPhoto: Tanja S. Volarič

Both the Croatian oil company INA and Vermilion Energy, a Canadian company that signed contracts to carry out exploration activities in four blocks of the Croatian region of Slavonia, are optimistic

Romanian OMV Petrom’s Hydrocarbon Output Down 5.5% in Q1 2019

Date: 11.04.2019 Author: Peter Palčec
Romanian OMV Petrom’s Hydrocarbon Output Down 5.5% in Q1 2019Photo: Tanja S. Volarič

The total hydrocarbon production of the Romanian oil and gas company OMV Petrom amounted to 1536,000 barrels of oil equivalent per day (boe/d) in Q1 of 2019, down 1.9% compared to Q4 of 2018, and down

Romanian Petromidia Refinery Targeting Profit in 2019

Date: 11.04.2019 Author: Peter Palčec
Romanian Petromidia Refinery Targeting Profit in 2019Photo: www.rompetrol.com

The oil refiner KazMunayGas International (KMGI), the former Romanian Rompetrol Group, a subsidy of KazMunayGas (KMG), the state-owned oil and gas company of Kazakhstan and the company that operates

EC: Europe is Already a Global Leader in Fighting Climate Change

Date: 11.04.2019 Author: Peter Palčec
EC: Europe is Already a Global Leader in Fighting Climate ChangePhoto: InnoEnergy

The European Commission has published its fourth report on the State of the Energy Union which shows that Europe is already a global leader in fighting climate change. “European policies implemented

Hungary Interested in Buying 25% Stake in LNG Croatia

Date: 09.04.2019 Author: Tanja Srnovršnik
Hungary Interested in Buying 25% Stake in LNG CroatiaPhoto: LNG Croatia

Croatia’s Energy Minister, Tomislav Ćorić, revealed that Croatia has received a letter from Hungary regarding its intention to buy, under certain conditions, a 25% stake in LNG Croatia, the

Process to Privatise Greece’s Hellenic Petroleum Group Fails

Date: 09.04.2019 Author: Peter Palčec
Process to Privatise Greece’s Hellenic Petroleum Group FailsPhoto: Victor Habbick via FreeDigitalPhotos

The privatisation process of Greece’s biggest oil refiner, the Hellenic Petroleum Group, has failed, reported SEEbiz.eu, adding that the failure was due to Greece’s government still wanting to

Chinese Investors Interested in Romanian Rafo Onesti Refinery

Date: 05.04.2019 Author: Peter Palčec
Chinese Investors Interested in Romanian Rafo Onesti RefineryPhoto: Alenka Žumbar

The Rafo Onesti refinery in Romania will be sold through direct negotiation, according to the local business restructuring company CITR, the court-appointed manager of the company that owns the

Croatia Expects Its Gas Output to Increase to 1.65 bcm by 2035

Date: 04.04.2019 Author: Tanja Srnovršnik
Croatia Expects Its Gas Output to Increase to 1.65 bcm by 2035Photo: F. Buva/Ina

Croatia expects that its natural gas production will fall until 2020 (to about 900 million cubic metres), after which an increase in production is expected as a result of the exploitation of new gas

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