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…
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Exploration & production
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…
ROPEPCA is concerned that GEO 27/2020 introduces new risks in the O&G Upstream segment
The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) warns that the changes brought to the Petroleum Law no. 238/2004…
Popa, OMV Petrom: For investment in the Black Sea we need a competitive fiscal framework, free market and stability
The project on the exploitation of Black Sea gas represents a huge opportunity for Romania and now is the best…
Popescu: The amendment of the offshore law cannot be done only by the Government
The amendment of the offshore law cannot be made only by the Government, but needs political consensus, because it is…
Romgaz: Discussions regarding the acquisition of a share in the Neptun Deep perimeter, blocked until next year
Discussions regarding the acquisition by Romgaz (SNG) of a stake in ExxonMobil in the offshore perimeter Neptun Deep were put…
FPPG: Recovery of the oil and gas sector, a joint effort of the state and industry
The oil and gas industry recognizes the shared responsibility in managing the health crisis and is ready to contribute in…
OMV Petrom and Romgaz, forced to sell 30% of the domestic production in the centralized markets
OMV Petrom and Romgaz will be obliged to auction for 3 years about 30% of the production in the centralized…