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OMV Petrom’s Net Profit Falls 80% Y/Y in H1

OMV Petrom’s Net Profit Falls 80% Y/Y in H1

Παρ, 28 Ιουλίου 2023 - 14:25

Romania’s top oil and gas group OMV Petrom [BSE:SNP] said on Friday that its preliminary net profit fell 80% on the year to 944 million lei ($213.2 billion/191.5 million euro) in the first six months of 2023

New Oil Discovery Confirmed in Gulf of Mexico

New Oil Discovery Confirmed in Gulf of Mexico

Τετ, 26 Ιουλίου 2023 - 17:26

According to Hess, planning is underway for this new oil discovery in the Pickerel-1 exploration well, which is located in Mississippi Canyon Block 727, to be tied back to the Tubular Bells production platform in the U.S. Gulf of Mexico. Hess has a 57.14 per cent interest in the Tubular Bells field and acts as the operator while Chevron holds the remaining 42.86 per cent interest

Oil Markets Set to Tighten, Economic Headwinds to Hit Growth - IEA

Oil Markets Set to Tighten, Economic Headwinds to Hit Growth - IEA

Πεμ, 13 Ιουλίου 2023 - 14:03

Oil demand is set to hit a record high this year and the market is tightening but economic headwinds and interest rate hikes have deflated growth expectations slightly, the International Energy Agency (IEA) said on Thursday

Greek RES Developer FARIA Group and OMNES Capital, Establish Joint-Venture

Greek RES Developer FARIA Group and OMNES Capital, Establish Joint-Venture

Τρι, 4 Ιουλίου 2023 - 19:39

FARIA Group, a long-standing and experienced Greek renewable energy developer, and Capenergie 5, the fifth generation OMNES’ renewable energy fund, which hit its first €800m closing earlier this month, have established a Greek Joint-Venture “FARIA Renewables S.A.” with the ambition to become a leading Independent Power Producer (IPP) in a fast-growing Greek market and abroad

China Takes the Trade Fight to Europe, Targeting the Green Transition

China Takes the Trade Fight to Europe, Targeting the Green Transition

Τρι, 4 Ιουλίου 2023 - 19:34

China’s decision to restrict critical mineral exports will hit key sectors in the European Union’s effort to decarbonize its economy, and demonstrates the limits of western aspirations to shift supply chains beyond the reach of policymakers in Beijing

OMV Petrom Makes Multiple Oil, Gas Discoveries in Romania

OMV Petrom Makes Multiple Oil, Gas Discoveries in Romania

Τετ, 14 Ιουνίου 2023 - 19:46

OMV Petrom, the largest integrated energy company in Southeast Europe, announces the discovery of new crude oil and natural gas resources in the Oltenia and Muntenia regions of southern Romania. Cumulatively, the discovered deposits hold over 30 MMboe of recoverable resources, equivalent to around three quarters of OMV Petrom’s 2022 production

OPEC Holds Oil Demand View Steady Despite Economic Growth Warning

OPEC Holds Oil Demand View Steady Despite Economic Growth Warning

Τετ, 14 Ιουνίου 2023 - 19:44

OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday, though the producer group warned that the world economy faced rising uncertainty and slower growth in the second half of the year

Bulgaria to Sue Gazprom Over Suspended Gas Supplies

Bulgaria to Sue Gazprom Over Suspended Gas Supplies

Πεμ, 8 Ιουνίου 2023 - 18:52

The Bulgarian Energy Ministry is preparing an arbitration claim against Russian state gas company Gazprom for suspending gas supplies in April 2022 after Bulgaria refused to pay in Russian rubles, announced the caretaker government’s Energy Minister Rossen Hristov on Tuesday