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Romania: BSOG dropped arbitrage claims against the state related to Offshore Law

Black Sea Oil & Gas, a company controlled by the American investment fund Carlyle, gives up the arbitration process against the Romanian state regarding...

Romania: No reason for amending the Offshore Law

Romanian Prime Minister Marcel Ciolacu has informed Austrian OMV Group and its local subsidiary OMV Petrom that the Neptun Deep offshore gas project should proceed based...

Romania: Modifications of the Offshore Law

Alfred Stern, CEO of OMV Group, parent company of OMV Petrom, will negotiate with the representatives of the Romanian Government the modification of the Offshore...

Romania, Final investment decision on the Neptun Deep project could be made in mid-2023

CEO of Romanian oil and gas company OMV Petrom Christina Verchere said that the final investment decision on the Neptun Deep project in the...

Romania, Amended Offshore Law passes the Parliament

The Romanian Chamber of Deputies endorsed the amendments to the Offshore Law that were expected for years to unlock the several gas investment projects...

Romania, Senate approved amendments to the Offshore Law

Romania's Senate said that it has approved the amendments to the Offshore Law, which are expected to enable investments in offshore oil and gas...

Latest news

SEE power markets 8/9 split as solar deepens midday lows while Italy keeps premium

Day-ahead electricity prices across Southeast Europe diverged sharply for delivery on Tuesday, September 8, as stronger solar supply compressed daytime values while Italy and...

Slovenia appoints GEN leadership ahead of Krško 2 nuclear project decisions

New executives at GEN energija and GEN-I Slovenia has appointed new leadership at state-owned GEN energija and electricity supplier and trader GEN-I, changing management at...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in...

EPCG completes major works on €26m Gvozd 2 wind expansion in Montenegro

Montenegro’s state power utility EPCG has completed most work on the second of three turbine foundations at its 21 MW Gvozd 2 wind project,...

Greece approves €2.3bn programme for island grids, renewables and storage

Greece has secured approval for a €2.3 billion programme aimed at decarbonising its islands, with Athens directing more than €2 billion towards electricity interconnections,...