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…
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Exploration & production
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…
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…