Popescu: Law that prevents the privatization of Hidroelectrica, eliminated until July; offshore law, accelerated
Energy Minister Virgil Popescu announced that Romania intends to accelerate the process of eliminating the ban that prevents the sale…
Acasă » Oil&Gas » Exploration & production »
Exploration & production
Comanescu: GSP Power projects have been included in the PNRR because they meet all European requirements
GSP Power projects have been included in the National Plan for Recovery and Resilience (PNRR) as they meet all European…
Alfred Stern will replace Rainer Seele at the helm of OMV
At Monday’s meeting, OMV’s Board of Supervisors appointed Alfred Stern as chairman of the company’s Executive Committee and CEO since…
Verchere: Neptune Deep, 4 years late; we hope that other projects will not suffer in the same way
The Black Sea gas extraction project, Neptun Deep, is four years late, and the Romanian authorities should amend the legislation…
OMV Petrom has completed the sale of Kazakhstan assets
OMV Petrom, the largest energy company in Southeastern Europe, announces the closing of the sale transaction for its 100% shareholding…
O&G technologies with direct application for alternative energy and resources
In his, intervention, Călin Dragoie, Energy Geologist, VP Geosciences with Chinook Consulting referred to several directions in which the oil…
Virgil Popescu: EBRD expressed its support and openness to contribute to the modernization of the Romanian energy sector
European Bank for Reconstruction and Development has expressed its support and openness to contribute to the modernization of the Romanian…
Nagy-Bege: We don’t have the luxury to postpone investments in Black Sea
Black Sea gas production must start in two to three years, otherwise it will be too late and we will…
Mark Beacom: BSOG will extract the first molecule of gas from The Black Sea by year-end
Black Sea Oil and Gas (BSOG) will complete its first gas project at the Black Sea by the end of…
MOL announces rising profit, sales in Romania advance by 3-4%
Bogdan Tudorache The MOL Group announced a $664 million CCS EBITDA operating result for Q1 2021, 7% more than the…
Energy Policy Group and OMV Petrom to pilot CO2 capture in a Horizon 2020 project
The EU-funded ConsenCUS project, funded by the Horizon 2020 program, starts in early May. As a Member of the consortium,…
Rystad Energy – Global oil demand to peak in 2026
The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years…
Cost reductions with new Shell oils
In the pandemic, the industries must adapt to the new requirements of reducing carbon emissions, while adopting cost-cutting solutions, said…
Aristotel Jude: Five-year strategy and new priorities for Romgaz, new four-month term
Bogdan Tudorache For the current management of Romgaz, it was not easy to take over the initial two-month mandate, especially…
Europe builds 87 bln. euro worth of fossil gas assets – report
Europe is already building or planning to build €87 billion worth of fossil gas infrastructure in a continued expansion of…
ANRM: Romania’s interest is for investments in Black Sea gas to start in 2022
Romania’s interest is for the investment in the Neptune Deep perimeter in the Black Sea to start in 2022, otherwise…
OMV Petrom’s hydrocarbon production slightly decreased in Q1
OMV Petrom’s hydrocarbon production in the first quarter of this year (Q1) was of 138,900 barrels of oil equivalent (boe)/day,…
Crude oil prices rise after OPEC meeting
The price of a barrel of oil rose on Thursday after the OPEC + group (composed of the Organization of…
Energy Minister: Offshore law to be amended by summer
The offshore law will be amended by the end of this parliamentary session, meaning this summer, Energy Minister Virgil Popescu…
Christina Verchere: OMV Petrom is part of the solution for the energy transition
The energy sector went through its hardest year, but managed to resist, said Christina Verchere, CEO OMV Petrom, at the…
Gabriela Dan-Unterseth: ACROPO is at the disposal of investors, we are here to help them
The Competent Authority Regulating Offshore Oil Operations in the Black Sea – ACROPO has open doors for investors now, “present…
Răzvan Nicolescu, proposed by the Romanian state for the Supervisory Board of OMV Petrom
The Romanian state, through the Ministry of Energy, proposed Răzvan Nicolescu to be part of the Supervisory Board of OMV…
Energy minister: The government can unilaterally denounce oil agreements
Government can unilaterally denounce the oil agreements, for reasons of national security, after the Parliament approved an emergency ordinance in…