Romgaz

ExxonMobil to Sell Romanian Affiliate for More Than $1 Billion

Retrieved on: 
Tuesday, May 3, 2022
Maritime, Chemicals, Plastics, Transport, Oil, Gas, Manufacturing, Energy, Carbon, Petrom, COVID-19, Investment, Solution, Annual report, Corporation, ExxonMobil, Energy factor, XTO, Risk, Romgaz, XIX, Form 10-K, Government, Quality of life, European, Sale, Exxon, View, Mobil, Lubricant, Investor, Petroleum, Black Sea, Esso

ExxonMobil has reached an agreement to sell its Romanian upstream affiliate, ExxonMobil Exploration and Production Romania, to Romgaz for more than $1 billion, subject to Romanian government approvals.

Key Points: 
  • ExxonMobil has reached an agreement to sell its Romanian upstream affiliate, ExxonMobil Exploration and Production Romania, to Romgaz for more than $1 billion, subject to Romanian government approvals.
  • ExxonMobil continues to evaluate our portfolio of opportunities, focusing our investments in advantaged assets with a low cost of supply, said Liam Mallon, president of ExxonMobil Upstream Company.
  • The agreement includes all shares in ExxonMobil Exploration and Production Romania along with interest in the XIX Neptun Block offshore Romania.
  • Employees of the Romanian affiliate will transfer as part of the sale.

Micromem Romgaz Update

Retrieved on: 
Tuesday, May 18, 2021
Mediaș, Romgaz, OTC Markets Group, MRM

b'Toronto, Ontario and New York, New York--(Newsfile Corp. - May 18, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") has been advised by Romgaz representatives that the University of Ploiesti, Romania (Universitatea Petrol-Gaze Din Ploiesti) ("the University") completed a report reviewing the need for tracer monitoring technologies by Romgaz.

Key Points: 
  • b'Toronto, Ontario and New York, New York--(Newsfile Corp. - May 18, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") has been advised by Romgaz representatives that the University of Ploiesti, Romania (Universitatea Petrol-Gaze Din Ploiesti) ("the University") completed a report reviewing the need for tracer monitoring technologies by Romgaz.
  • The Company has requested a copy of the report for its files.\nRomgaz has also advised the Company that funding for the entire project has been approved.
  • Micromem will provide further updates as they become available.\nMicromem Technologies Inc. and its subsidiaries, a publicly traded (OTCQB: MMTIF) (CSE: MRM) company analyzes specific industry sectors to create intelligent game-changing applications that address unmet market needs.
  • We undertake no obligation to publicly update or revise any forward-looking statements.

Micromem Romgaz Update

Retrieved on: 
Thursday, May 6, 2021
Mediaș, Romgaz, Ploiești, Well drilling, Petroleum, Chemistry, Physical chemistry, Nature

b'Toronto, Ontario--(Newsfile Corp. - May 6, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") reports that Romgaz has advised the Company that they have engaged the Petroleum-Gas University of Ploiesti, Romania (Universitatea Petrol-Gaze Din Ploiesti) to be the research arm for the tracer technology (the "Technology").

Key Points: 
  • b'Toronto, Ontario--(Newsfile Corp. - May 6, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") reports that Romgaz has advised the Company that they have engaged the Petroleum-Gas University of Ploiesti, Romania (Universitatea Petrol-Gaze Din Ploiesti) to be the research arm for the tracer technology (the "Technology").
  • The Technology is being developed by the Company in conjunction with Romgaz for installation on their site.
  • Lazar Avram, the Director of Well Drilling, Hydrocarbon Extraction and Transport Department and Prof. univ.
  • We undertake no obligation to publicly update or revise any forward-looking statements.

Micromem - Update: Romgaz

Retrieved on: 
Tuesday, February 2, 2021
Articles, Mediaș, Romgaz, Business intelligence, Formal sciences, Analytics, Business, Economy

Toronto, Ontario and New York, New York--(Newsfile Corp. - February 2, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") reports that Romgaz has advised the Company that the terms of the purchase order have been finalized.

Key Points: 
  • Toronto, Ontario and New York, New York--(Newsfile Corp. - February 2, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") reports that Romgaz has advised the Company that the terms of the purchase order have been finalized.
  • Romgaz and the Company are in the process of working out scheduling details for the joint work on the analytics solution.
  • Under the terms of the purchase order, Micromem will initially sell two (2) units to Romgaz.
  • Micromem will work with Romgaz to develop the analytics solution and upon completion of a successful analytics formula Romgaz will then acquire 3,400 more units.

DGAP-News: Micromem Announces Romgaz Update

Retrieved on: 
Thursday, November 21, 2019
Romgaz

Toronto, Ontario and New York, New York--(Newsfile Corp. - November 21, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to provide an update following our announcement on October 2, 2019 that a Letter of Intent ("LOI") was signed with Romgaz, wherein Romgaz will acquire and install approximately 3,400 ARTRA units over the next 24 months at a facility in Romania.

Key Points: 
  • Toronto, Ontario and New York, New York--(Newsfile Corp. - November 21, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to provide an update following our announcement on October 2, 2019 that a Letter of Intent ("LOI") was signed with Romgaz, wherein Romgaz will acquire and install approximately 3,400 ARTRA units over the next 24 months at a facility in Romania.
  • The Company has been advised that Romgaz is proceeding with the project and further due diligence.
  • Micromem will provide further updates as they become available.
  • Romgaz ( https://www.romgaz.ro/ ), "is the largest natural gas producer and the main supplier in Romania.