Saipem extends Romanian drilling works
Italian company Saipem announced an extension of their Romanian drilling contracts, as part of overall new contracts worth an overall…
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Exploration & production
Canada gives struggling oil sector over USD 1 billion boost
The Canadian government said on Tuesday that it would spend C$1.6 billion ($1.19 billion), mostly through loans, to assist the…
Gazprom slashes investment budget for 2020
Russia’s Gazprom has approved a 16.5% cut in investments next year, marking the second annual reduction in a row, the…
Volintiru: Romgaz wants 20% of Neptune Deep together with an external partner; the offshore law will change
Romgaz has entered the data room of the Neptun Deep project offered by OMV Petrom and is looking for an…
KMG International welcomes the finalizing of “Rompetrol II” judicial case
KMG International and the KMG Rompetrol group announced that they welcome the decision by the Prosecution Office of the High…
ANRM: Three companies are officially interested in the acquisition of ExxonMobil’s participation in the Black Sea
Only three companies have officially requested access to the data room for offshore investment off the Black Sea for a…
Rompetrol Well – Offshore oil services in the Black Sea
This year Rompetrol Well Services (RWS) resumed and expanded the range of oil well services provided for upstream operations in…
Verchere: OMV Petrom, ready for Neptune Deep, barriers must be removed
OMV Petrom announced that it is ready to accelerate a billion-dollar injection into a giant Black Sea energy project it…
MetalNRG is negotiating the takeover of an oil and gas operator in Romania
British company specializing in investments in natural resources – MetalNRG PLC announced that it has entered into exclusive negotiations with…
Exxon’s Neptun Deep participation, estimated at USD 250 million
Exxon has put its 50% stake in Neptun Deep up for sale, worth an estimated USD 250 million, according to…
Fossil fuel production on track for double the safe climate limit
The world’s nations are on track to produce more than twice as much coal, oil and gas as can be…
Romgaz is interested in taking over 15-20% of Neptun Deep
Adrian Volintiru, the general manager of Romgaz, said on Tuesday that the company is considering the possibility of taking over…
Stephen Birrell is the new president of ROPEPCA – Romanian Association of Oil Exploration and Production Companies
Stephen Birrell, CEO of Fora Oil and Gas, is the new elected president of the Romanian Petroleum Exploration and Production…
Iancu: Romgaz should take over Exxon’s participation in the Black Sea project
Romgaz should take over ExxonMobil’s participation in the Neptune Deep project in the Black Sea, in case the Americans decide…
Orban: We will seek solutions as quickly as possible to unlock the Black Sea gas extraction projects
On Wednesday, Prime Minister Ludovic Orban gave a signal to investors in the energy sector, stating that the new Government…
Competition authorized the acquisition of Rohrer’s assets by the Petroleum Services Group
The Competition Council has authorized the transaction through which some assets and activities are transferred from the Rohrer Group to…
Neel: Romania has the opportunity to become the main gas producer in the EU
Bogdan Tudorache Romania has the “major opportunity” to become the largest gas producer in Europe, says Franck Neel, president of…
Dudău: Government must urgently solve the situation of the Black Sea gas exploitation
Bogdan Tudorache It is important that the members of the gov’t, whoever they will be, solve the situation of the…
Cristina Pruna: The state received 1.93 bln. lei from natural gas production taxation, in the first eight months
The Romanian state received from the taxation of the natural gas production 1.93 billion lei, in the first eight months…
Green light for Lukoil and Romgaz drilling at the Black Sea
The Competent Authority for Regulating Offshore Petroleum Operations (ACROPO) has given the green light for work start for the Lukoil…
OMV Petrom: 2.8 billion lei worth net profit, at 9 months, one third of the contributions to the state budget
OMV Petrom announces a 13% increase in consolidated sales in the first nine months of the year compared to 2018,…
Scarabeo 9 platform will begin drilling in the Black Sea Trident perimeter
The Scarabeo 9 drilling plant starts drilling in the Trident perimeter, explored by Lukoil and Romgaz, a resource perimeter estimated…
Romgaz and Socar, new partnership for upstream
Romgaz and SOCAR, the State Oil Company of the Republic of Azerbaijan, have signed a Memorandum of Understanding whereby both…