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…
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Exploration & production
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…
The Neptun Deep investment standstill affects OMV, but also macro indicators
OMV Petrom is expected, according to Transgaz estimates, to halve its production in the next ten years, if the Neptun…
FPPG and ANIS are campaigning to increase the adoption of digital solutions in the Upstream sector
The Federation of Oil and Gas Employers (FPPG) together with the Employers Association of the Software and Services Industry (ANIS)…
BRM: The price of natural gas falls below the regulated level, to the minimum of the last six months
The SPOT market of natural gas in Romania operated by BRM recorded the lowest price of the last 6 months,…
Romania can become the largest gas producer in the EU
Romania can become the largest gas producer in the European Union, which offers it security and independence, but also positions…
Petrom gets another 500,000 cm/day after a 50 million euro investment for a new gas well in Totea area
OMV Petrom has discovered new hydrocarbon resources in the Oltenia region, the company announced. “Throughout the years, the Totea deposit…
Unlocking the potential of the Black Sea
Despite all the uncertainty, the oil & gas industry in the Black Sea region is not afraid to take actions.…
The specific taxation rate in the Romanian Upstream gas industry exceeded 25% in 2018
Romania has the highest effective tax rate specific to natural gas production in Europe, shows a study by Gabriel Biriș,…
Oil market, disturbed by the attack on Aramco
Dramatic week for crude oil, with futures contracts for Brent crude oil registering some of the biggest jump in history…
One hundred $1,000 scholarships from KMG International – call for applications
KMG International will award 100 scholarships to high school pupils and students with outstanding performances in Bucharest, Constanța and Prahova.…
The price of oil at the last 4 months’ high, after the attacks in Saudi Arabia
WTI US benchmark oil futures closed Monday at $ 62.5 a barrel, close to the highest level of the day’s…
Rainer Seele, confirmed for two more years at the helm of OMV
The term of office of the current CEO and Chairman of the Executive Committee of the OMV, Rainer Seele, was…
Romanian oil industry demands public policies to encourage investments in the sector
Oilmen demand public policies to encourage investments in the sector, to increase the role of industry in the development of…
Hungary’s response to risks related to natural gas supply (Interview with Pál Ságvári)
Pál Ságvári, Ambassador-at-Large for Energy Security, Ministry of Foreign Affairs and Trade of Hungary talks about energy security, diversification of…