OMV Petrom has started the process of selling its assets in Kazakhstan
OMV Petrom has started the process of selling its oil and gas fields in Kazakhstan, its only overseas assets, according…
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Exploration & production
Romania imported 7.17 million crude oil, in the first 10 months of 2019
Romania imported, during the first 10 months of 2019, an oil quantity of 7.17 million tonnes of oil equivalent (toe),…
Rompetrol has won three of the five lots of a large oil services contract for Petrom
Rompetrol Well Services, part of the KazMunayGas Intrernational group (KMGI-Rompetrol), won tenders for three of the five lots of a…
Only 30% of OMV’s production comes from Petrom
The share of hydrocarbons extracted by OMV Petrom in the total production of the parent company, OMV, has halved in…
ROPEPCA: Oil companies around the world are waiting for the new round of tenders for the perimeters in Romania
Oil companies around the world are waiting for the start of the 11th Round of concessions for oil perimeters in…
Nicolescu: The government’s position in the Exxon case is a correct one
Bogdan Tudorache Răzvan Nicolescu considers as correct the position of the government not to allow the Exxon project company to…
Iohannis: Any Exxon transaction will be done according to the law
President Klaus Iohannis said on Thursday, referring to information about Exxon’s intention to sell its stake in the Black Sea,…
China opens up oil and gas exploration, production for foreign firms
For the first time, China will this year allow foreign companies to explore for and produce oil and gas in…
OMV Petrom signs agreement to transfer 40 fields to Dacian Petroleum
Bogdan Tudorache OMV Petrom has announced on Wednesday that it has reached an agreement for the transfer of 40 onshore…
ExxonMobil confirms may exit Romanian offshore gas project
U.S. energy major ExxonMobil confirmed late on Tuesday it is weighing an exit from a long-stalled Romanian natural gas venture…
Minister of Energy: I recommend Exxon that the license transfer be made by Government decision
The transfer of the license that ExxonMobil holds for the Neptun Deep perimeter of the Black Sea should be made…
ExxonMobil negotiates with Lukoil and PGNiG to sell the stake in the Neptun Deep perimeter
ExxonMobil officials are negotiating with the Russians from Lukoil and the Polish company PGNiG to sell the 50% stake in…
Oil prices top $70 a barrel amid fears over Suleimani retaliation
Oil prices climbed above $70 a barrel for the first time in four months on Monday amid fears that the…
Harald Kraft, AIK Energy: Markets will become more and more interconnected, and we are ready
2019 has been of maximum turbulence for the Romanian supply market, to which the private environment has adapted in various…
7 wells drilled by NIS Petrol in 8 years of activity in Romania (interview Vanja Aleksic)
In recent months, more signals have been heard that NIS Petrol, one of the most active companies in the hydrocarbons…
Austria supports BRUA and Neptune Deep projects (Energynomics Magazine)
Austria would love to have a new gas supply towards Baumgarten, and it will be great if Romania would have…
Oil hits 3-month highs on upbeat U.S. and Chinese economic data
Oil prices rose on Friday, hitting three-month highs, as upbeat economic data from China and the United States indicated an…
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…
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…