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.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
