ADX Energy – forced by the coronavirus to postpone the evaluation of a probe in Romania
The Australian company ADX Energy, which owns 50% of the Parța hydrocarbon concession in Timiș County, had to postpone the…
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Exploration & production
Romanian renewable industry demands a revision of the agricultural land law
The proposed amendments in the field of legislation with an impact on agricultural land sales do not take into account…
Oil companies are calling for a review of the law on the sale of agricultural land
The Romanian Association of Oil Exploration and Production Companies (ROPEPCA) considers that the law that modifies the conditions of sale…
Oscar Downstream turnover increases by 12% in 2019
Oscar Downstream, the largest independent player in the oil market, controlled by Alin Niculae, recorded a turnover of 2.9 billion…
S. Birrell: We need free markets, digitization, less bureaucracy
Romania is one of the four biggest hydrocarbon-producing countries in Europe, said Stephen Birrell, President of ROPEPCA, at the Energy…
Gazprom reports first quarterly post-2015 losses due to falling gas demand in Europe
Gazprom, the world’s largest natural gas producer, reported substantial losses for the first quarter of this year on Tuesday, as…
Popescu: For the moment we do not have a political consensus in the Parliament to amend the Offshore Law
Parliamentary political parties haven’t so far reach to a consensus to amend the Offshore Law and for Black Sea investors…
MOL has made a gas and condensate discovery in the TAL Block, Pakistan
MOL, as the operator of TAL Block in Pakistan, has made a new gas and condensate discovery. This marks the company’s 13th…
Răzvan Giuca – Vice President of the Black Sea Offshore Petroleum Regulatory Authority
Răzvan Giuca has been appointed Vice President of the Competent Authority for the Regulation of Offshore Oil Operations on the…
Popescu: Romgaz must to be part of the consortium that will start exploiting gas in the Black Sea
The Minister of Economy, Energy and Business Environment, Virgil Popescu, said that he wants Romgaz to be part of the…
Verchere, Energy Strategy Summit: Black Sea Gas is a huge opportunity, but it won’t be forever
Black Sea gas is a huge opportunity for Romania, but it will not be forever, and at the moment, the…
OMV Petrom won tender for oil and gas exploration perimeter in the Black Sea in Georgia’s offshore area
OMV Petrom, the largest energy company in Southeast Europe, is pleased to confirm that it has been selected as the…
Popa (OMV Petrom): Romania will import 40% of gas in 2030, without Black Sea resources
Romania will end up importing 40% of its gas in 2030, if the Black Sea gases are not extracted, said…
Global natural gas production to fall by 2.6% this year
Global natural gas output is set to fall by 2.6% this year because of the impact of the COVID-19 pandemic,…
Six global firms strike $20 billion agreement with Abu Dhabi state oil giant
A consortium of six global investors has entered into a $20.7 billion agreement with Abu Dhabi National Oil Company (ADNOC),…
Measures proposed by ROPEPCA for supporting the petroleum industry
“We are here to help Romania get back to work”, said Stephen Birrell, the president of the Romanian Association of…
Price reduction would follow the development of the Romanian Regional Gas Hub
This analysis is based on the PhD thesis “The Romanian Regional Gas Hub. Geographic, Economic and Geopolitical Aspects” Filip Negreanu-Arboreanu…
ROPEPCA warns with regards to a new blow against investments in the onshore Upstream
The Parliament adopted last week a draft law on the sales of agricultural lands in Romania (PL-x 336/2018). The adopted…
J.P. Morgan believes Brent crude could hit $190/barrel by 2025
J.P. Morgan thinks crude oil could hit $190/barrel by 2025, notes Cattle Drive Capital in an article published by seekingalpha.com.…
Polish competition watchdog sues Gazprom
Poland’s competition regulator UOKiK said on Wednesday it has started proceedings against Gazprom and could fine the Russian company some…
Virgil Popescu: Energy companies will make investments of about 12 bln. euro in five years, in line with the Green Deal
Minister of Economy Virgil Popescu issued an order asking all companies to approve by June 15 new 5-year investment plans,…
Concession of the first 22 new onshore perimeters in Round XI, in June
By the end of this month, the state will publish the announcement of the concession of the first 22 continental…
FPPG: Natural gas production in Romania, in danger
The obligation to supply natural gas on the centralized markets in Romania according to the ANRE Order 79/2020 with subsequent…