Energy Minister: We are glad that Turkey and Bulgaria have found gas in the Black Sea
The global energy sector will turn its attention to the Black Sea, with the recent gas discoveries of Turkey and…
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Exploration & production
EC: EU gas production fell by 23% in Q1, with Romania in second place
The European Union’s gas production fell by 23% in the first quarter of this year (Q1), while Romania remained second…
OMV Petrom completes the acquisition of OMV Offshore Bulgaria, entering Han-Asparuh offshore exploration block
OMV Petrom, the largest energy company in Southeastern Europe, completed the transaction for the acquisition of 100% of the shares…
Competition analyzes the outsourcing operation of some services by OMV Petrom
Competition Council analyzes the transaction through which OMV Petrom SA outsources to J. Christof E&P Services and Christof Private Firefighting…
Exxon Mobil has been replaced in the Dow Jones Stock Exchange by a software company
Oil giant Exxon Mobil, which has been among the top 30 companies in the Dow Jones Industrial Average since 1928,…
Orban: Any discussion about the level of royalties must be rational
Prime Minister Ludovic Orban said the government could not set royalties without taking into account the meaning of the world…
Daniel Apostol (FPPG): Turkey can become Romania’s partner in Black Sea gas projects
Turkey could become Romania’s partner in Black Sea gas exploitation projects, with the huge discovery of gas from Turkish waters,…
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…
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…