Nicolescu: Romanians could take advantage of gas discoveries in Turkey
Romanians could benefit from gas discoveries in Turkey, which will increase competition in the region and determine the construction of…
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Exploration & production
Erdogan says Turkey has discovered 320 billion cubic meters of natural gas in the Black Sea
Turkish President Recep Tayyip Erdogan announced on Friday that the country has discovered the largest natural gas deposits in its…
Turkey discovered energy resources in the Black Sea
Turkey has discovered energy resources in the Black Sea, most likely natural gas, market sources told Bloomberg on Wednesday. Turkish…
EU urges Turkey to halt gas hunt in East Mediterranean
The European Union urged Turkey to “immediately” stop exploring for gas in a disputed area of the eastern Mediterranean, as…
Turkey announces expansion of gas field exploration operations in eastern Mediterranean
Turkey has announced the expansion of its gas field exploration operations in a disputed area in the Eastern Mediterranean, despite…
Dacian Petroleum buys 40 perimeters from OMV Petrom for almost USD 18 mln
Dacian Petroleum will buy 40 OMV Petrom fields located in the south of Romania and with a cumulative oil and…
OPEC cut its oil demand estimates for 2020
Global oil demand will fall more sharply this year than previously forecast due to the coronavirus pandemic (COVID-19) and there…
Pewete chose Romania in order to create a hub of services for Europe
Pewete Evo Europe SRL appeared on the Romanian well services market in 2018, but the General Manager, George Căpățînă is…
Verchere: Offshore Law delays erode Neptune Deep project
Black Sea gas may help Romania recover economically post-pandemic, but changes to the Offshore Law are delayed, eroding the economic…
A. Dumitriu (Chimcomplex): Romania needs a country plan for the chemical industry
It is time to have a strategic thinking and a country plan related not only to energy, but also to…
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…
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…