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.
Romanian cosmetics company Caress Society has announced plans to build a modern production facility in Filipeștii de Tîrg, Prahova County, with a total investment of RON 17.6 million (some EUR 3.5 million). The project will be co-financed through the Just Transition Program 2021–2027, with approximately 70% covered by EU funds and the rest from the […]
Romania ranks 36th globally by the size of central bank reserves, around USD 73 billion, according to The World Factbook, but based on 2024 data. The 36th place is the same as the country’s position by the size of its economy in the world, with GDP calculated at purchasing power parity. However, this year the […]
Romania has been officially selected to compete at Bocuse d’Or Europe 2026, marking the first time the country will take part in the world’s most prestigious culinary competition. There will be 20 participating nations at the European edition, which will take place in Marseille, France, in March 2026. The countries that qualify in Marseille will […]
The City Hall of Tășnad, located in Satu Mare County, north-western Romania, has received six bids for the construction of a new water park. The project is valued at RON 138.2 million (approximately EUR 27.2 million), and the building is scheduled to take 3 years. The water park, named Aquapark Transilvania Terme Tășnad, will cover […]
Libris and Save the Children Romania announce the launch of the seventh edition of the CarteTeca program, through which 50 school libraries across the country will be equipped with new books, supported by a total investment of RON 250,000. Registrations for this year’s edition open today, on the platform libris.ro/carteteca. To date, the project has […]
Half of Romanians fear that they will not be able to maintain a comfortable standard of living after retirement, according to the Retail Banking Radar report, produced by the consulting company Kearney. Romania is thus above the European average (47%). According to the report, as quoted by Bursa.ro,...
