Oil plummets over 20% as OPEC deal failure sparks price war
Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts…
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Exploration & production
Popescu: OMV will not withdraw from the Black Sea project
Designated Minister of Economy, Virgil Popescu, claims that the issue of withdrawal from the Black Sea was not even approached,…
ANRE draft Order: New obligations for gas supply on centralized markets
ANRE has launched in public debate a draft Order [HERE in Romanian] on the obligation to supply natural gas on…
ANRM is considering splitting Round XI: 22 onshore oil fields could be auctioned before offshore
The National Agency for Mineral Resources (ANRM) is considering the division of the XI round of tenders, so that the…
Project: Gas producers must sell on the stock exchange 30% of annual output
The National Energy Regulatory Authority (ANRE) has launched in public debate a project that provides that gas producers must sell…
OPEC hasn’t run out of ideas – Saudi energy minister
OPEC and its allied oil-producing nations are still working well together and still have options to try to rebalance global…
Nicolescu (Deloitte): Romania could earn USD 20 bln. from Black Sea gas
The state could earn more than USD 20 billion from the Black Sea gas extraction in the next 10-12 years,…
Minister of Energy: The gas market will certainly be liberalized on July 1, otherwise we risk losing European funds
The gas market will certainly be liberalized on July 1, and the electricity market, on December 31, 2020, otherwise we…
Minister of Energy: Romania needs the Black Sea gas to comply with the Green Deal
Romania needs the Black Sea gas resources to reach its ambitious targets for reducing carbon dioxide emissions that it has…
Beacom: Our project is moving forward, but problems with offshore legislation need to be resolved before production begins
Bogdan Tudorache The Black Sea Oil & Gas project goes ahead, albeit with minor delays, but offshore legislation and GEO…
GEO that prevents Exxon from selling its Black Sea shares needs CSAT approval
One of the 25 Emergency Ordinances approved last week concerns the changes brought to the Oil Law. But this has…
Intero Integrity Services acquires environmental and integrity service provider The Sniffers
Intero Integrity Services announced it has acquired The Sniffers, a longstanding service provider to the oil & gas industry and…
Gazprom Neft achieves record production at Achimovsky strata
Gazprom Neft has become the first company in Russia to use a unique technology — hybrid multi-stage fracking — to…
Romgaz reacts to the vote in the Senate: Liberalization will not raise prices after July 1
Largest producer and main supplier of natural gas in Romania, Romgaz states that “it did not identify any real reason…
Industry reports and study cases on the new KELLER AG website
From February 2020, the KELLER website has got a shiny new look: fresh, user-friendly and fully accessible on the go…
OMV Petrom: net profit down by 11% in 2019, although sales increased by 13%; increased dividends
Bogdan Tudorache OMV Petrom’s revenues registered last year advanced by 13%, to about 25.5 billion lei, but the company announced…
OMV Petrom will pay 27 mln. euro to the parent company for participation in the Han Asparuh perimeter in Bulgaria
OMV Petrom will pay OMV Exploration & Production about 27 million euro for the acquisition of the shares held by…
In respect to the Neptun Deep project, OMV Petrom moves from “when” to „if” – changes to offshore law are urgent
The extraction of natural gas from the Neptun Deep perimeter of the Black Sea has become uncertain, as the offshore…
Romgaz asks the government to approve his participation in the Neptun Deep auction
Bogdan Tudorache Romgaz convened for March 11 the extraordinary meeting of the shareholders asking for “approval of the acquisition of…
3 new wells at Caragele increase daily production of Romgaz by 30%
Romgaz announced the start of production in the deep area of the Caragele structure, through the 77 Rosetti well, with…
Four main strategies from O&G majors in addressing the energy transition
Nearly all the major oil and gas companies are addressing the energy transition due to a combination of multiple drivers…
ANRM auctions: The 28 perimeters are in the procedure of drawing up the documentation
The 28 perimeters of the 11th round of National Mineral Resources Authority (ANRM) tenders are in the process of drawing…
About 80% of the on-surface operations royalties will be allotted to local authorities
Liberal party PNL will send the Government for approval a project whereby the royalties from surface operations will remain, at…