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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 prices jump as weekday demand returns, Serbia tops €300/MWh

Southeast European day-ahead electricity prices surged on Monday, October 19, as the return of weekday demand, weaker renewable generation forecasts and continued reliance on...

Greece unveils €200 million battery storage scheme as project pipeline grows

Greece is preparing a €200 million battery-storage support programme as the country seeks to accelerate the deployment of standalone batteries and renewable-linked storage. The...

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...