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…
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Exploration & production
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…
Gabriela Dan-Unterseth is the new President of the Authority for Regulating the Offshore Oil Operations at the Black Sea – ACROPO
Gabriela Dan-Unterseth was appointed in the position of president, with the rank of state secretary, of the Black Sea Offshore…
Alina Popa, OMV Petrom: Amendments to the Offshore Law should follow three important directions
OMV Petrom’s CFO, Alina Popa, considers that the amendments to the Offshore Law should follow three important directions. “The first…
Romgaz’s net profit rose 15% in 2020, despite declining gas sales
Romgaz obtained a net profit of 1.25 billion lei last year, up 15.14% compared to 2019, but the company’s turnover…
Sensors for turning a classic engine into a smart one
ABB has a history of more than 90 years in Romania – “We are part of the digital transformation race…
Minister of Energy: Romgaz will submit an offer in the next two months for Exxon’s participation in the Neptune project
Romgaz will submit an offer to take over Exxon’s participation in the Black Sea deep gas project in the next…
C. Prună: Black Sea gas gains must be fair to both the state and investors
The gains from the exploitation of Black Sea gas must be fair, both for the Romanian state and for investors,…
Camelia Ene: MOL Group will invest USD 1 bln. over the next five years
Bogdan Tudorache The MOL Group will invest USD 1 billion over the next five years as a result of a…
Oana Bucur, FPPG: Romanian O&G industry needs the declassification of data to adopt new technologies
Romanian Oil&Gas industry needs the declassification of data in order to adopt new technologies, said Oana Bucur, Leader of the…
Adrian Boiarciuc, Romgaz: We need new technologies, we need cloud
Romgaz, like all the other companies in the oil and gas industry, needs new, advanced information technology tools, said the…
Virgil Popescu and Hungarian Foreign Minister discuss Black Sea gas and BRUA pipeline
The Minister of Energy, Virgil Popescu, had a working meeting on Thursday with the Minister of Foreign Affairs and Foreign…
Public consultation on future EU rules for reducing methane emissions
The Commission has launched a public consultation on aspects of methane emissions in the energy sector. The objective of this…
Popescu: The offshore law will be amended in 2021, but the exploitation of Neptun Deep can only start in 2024-25
Amending the Offshore Law will take place later this year, but the exploitation of Black Sea gas cannot start earlier…
Turkish state oil company is looking for partners for a natural gas project in the Black Sea
Turkey’s national oil and gas company is looking into partnerships and plans to raise funding this year to carry out…
Verchere: After the amendment of the Offshore Law, it takes 12 months for the investment decision in the Black Sea
OMV Petrom needs a 12-month period to make the decision to invest in the Black Sea gas project, from the…
C. Verchere: Black Sea gas waits to be exploited; fuel demand has fallen sharply
The year 2021 is a critical one for the Black Sea gas, given that the deposits there are ready to…
OMV Petrom achieved a net profit of 1.29 billion lei last year, down 64%
Last year, the OMV Petrom Group registered a net profit of 1.29 billion lei, down 64% compared to the previous…
S&P could downgrade 13 major oil companies, in the background of climate change
Major oil companies received a blow on Tuesday night after one of the main rating agencies, S&P Global Ratings, warned…