The Romgaz state-run company, one of the two biggest gas producers in Romania, announces the signing of a contract with eight years duration with Weatherford International for the implementation of a digital system for monitorisation in real time of the probe parameters. The technology solution provided by Weatherford will enable the collection and transmission of critical data from thousands of wells, helping to optimize production, increase operational efficiency and improve decision making through the use of cloud-based technologies and artificial intelligence. The contract calls for the implementation of a digital monitoring campaign at existing locations, leveraging the automated infrastructure provided by Weatherford. The systems will provide continuous visibility into wellbore conditions, facilitating rapid interventions and increasing the reliability of operations. Romgaz SA is the largest producer and main supplier of natural gas in Romania. The company is listed on the Bucharest Stock Exchange (BVB). The main shareholder is the Romanian state with a 70% stake. The company has extensive experience in the field of natural gas exploration and production, with a history dating back more than 100 years, to 1909. Romgaz carries out geological exploration to discover new gas deposits, produces methane gas by exploiting fields in the company's portfolio, stores natural gas underground, carries out interventions, capital repairs and special operations at wells and provides professional technological transportation services. In 2013, Romgaz expanded its scope of activity by assimilating the Iernut thermoelectric power plant, thus becoming an electricity producer and supplier. On August 1, 2022, Romgaz became the sole shareholder of Romgaz Black Sea Limited (established ExxonMobil Exploration and Production Romania Limited), following the completion of the acquisition transaction and transfer of all shares issued by (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited, which holds 50% of the acquired rights and obligations under the Petroleum Agreement for the deepwater area of the offshore XIX Neptun perimeter in the Black Sea.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
