Development of offshore deposits in the Black Sea, necessary to avoid increasing dependence on gas imports
The development of offshore deposits discovered in the Black Sea is necessary to avoid the significant increase of dependence on…
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Exploration & production
ADX Energy started drilling at Iecea Mică evaluation well
Australian company ADX Energy Ltd, which owns 50% of the Parța hydrocarbon concession, from Timis county, started the drillings at…
Neptun Deep would add 70,000 bpd to the OMV account
Neptun Deep could become operational in 2024, increasing OMV production by 70,000 barrels per day (bpd) or nearly 11% of…
Lowest loss for Petromidia, no accidental spills – KMG report
Petromidia Refinery, KMG International Group’s main asset in Romania recorded its lowest technological loss in history, along with its lowest…
GSP signs new deals with OMVPetrom and Lukoil for Black Sea works
On July 29, GSP Offshore and OMV Petrom signed a framework contract to provide integrated offshore services for Istria’s shallow…
Bulgaria invites bids for 5-year oil, gas exploration permit for Tervel offshore block
Bulgaria’s government said on Wednesday that it will open a procedure for awarding a five-year oil and gas exploration permit…
Verchere: We need legislative stability for the Neptun Deep project
OMV Petrom continues to be extremely committed to the Neptun Deep project, but it needs clarity and legislative stability “as…
Yemen urges oil companies to restart production – document
Yemen’s internationally recognised government has called on oil companies to restart production and exploration in the country, the Ministry of…
Anton: Brexit could turn Romania into the largest gas producer in the EU
The exit of Great Britain from the European Union would turn Romania into the largest gas producer in the EU,…
Lukoil begins drilling in the Black Sea, with a platform from Saipem
After obtaining the permits, Lukoil, the third investor interested in the Romanian Black Sea gas, will start drilling this autumn,…
Romania launches an auction for 28 O&G perimeters, the first in 10 years
The Romanian mineral resources regulator – ANRM has launched an auction for exploration, development and exploitation of 28 O&G perimeters,…
Romgaz reports an increase in hydrocarbon production of 6% in H1
Bogdan Tudorache Romgaz reported a 6.1% increase in hydrocarbon production in the first half of this year (H1) to 17.4…
Wagley: The capital leaves if the rules are changed during the game
If the Romanian authorities change the rules during the game, they should not be surprised by the departure of the…
Putin calls for end to ”generous” oil industry tax breaks
The Russian government’s generous tax break to its largest oil company, Rosneft, for work on its largest oilfield, the Priobskoye,…
Bankers Petroleum has increased its crude oil output in Albania by 18%
Canadian-Chinese oil producer Bankers Petroleum has increased its crude oil output in Albania by 18% year-on-year to 15,059 barrels of…
Romgaz to increase fourfold the capacity of the Oltenia gas storage facility
Romgaz, through its specialized gas storage depot, Depogaz, launched in the Electronic Procurement System a tender notice for the elaboration…
While Exxon threatens to leave, the Energy Ministry announces that it has issued its drilling license for Tuzla
Bogdan Tudorache While Exxon threatens to sell its Romanian stake in Neptun Deep, the Energy Ministry has announced it has…
BP: Romania was the fourth largest producer of oil in the EU last year
Romania was last year fourth in the European Union in terms of oil production, with 3.6 million tonnes, down 2%…
Equinor says production starts at Trestakk field in Norwegian Sea
Production on the Trestakk oil and gas field on Haltenbanken in the Norwegian sea has started, operator Equinor said on…
Turkey says EU funding cuts will not affect its drilling off Cyprus
European Union decisions to curb funding for Turkey over its drilling for gas and oil off Cyprus will not affect…
ExxonMobil has informed the Government that it wants a new partner in the Black Sea gas project
ExxonMobil, the company exploring the deep Neptune perimeter of the Black Sea alongside OMV Petrom, informed the government representatives late…
EU, US, Egypt warn Turkey over drilling off Cyprus
The United States and Egypt warned Turkey against escalating tensions in the eastern Mediterranean over its attempt to drill for…
Exxon to begin drilling development wells for Liza Phase 2
ExxonMobil Guyana will begin drilling development wells for the 220,000 barrels per day Liza Phase 2 Development project early 2020…