Romgaz offers dividends of more than 1.2 bln. lei, pays 363 mln. for GEO 114
Romgaz reported a net profit of more than 1.3 billion lei for the year 2018 and will provide dividends of…
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Exploration & production
Gazprom sees output falling as EU gas demand declines this year
Gazprom PJSC is sticking with a conservative natural gas production outlook for 2019 as warm weather and growing competition from…
ACROPO: The Gloria oil platform is no longer safe for the staff
The evaluation of a report of the Gloria Oil Platform, which was completed late last week, revealed major non-conformities in…
The Gloria oil platform, which extracted for 43 years of gas from the Black Sea, will be decommissioned as of May
The Gloria oil platform, which extracted for 43 years of gas from the Black Sea, will be decommissioned as of…
The Black Sea has a gas potential of over 200 billion cubic meters
The Black Sea has a potential of over 200 billion cubic meters of gas and 60 percent of Romania’s production…
Anton: Investments in the Black Sea have been unlocked and will keep unlocking
Bogdan Tudorache Investing in the Black Sea will be carried out after all, says the Energy minister, Anton Anton. He…
ANRM approves termination of contracts with Chevron
The National Agency for Mineral Resources (ANRM) officially approved the termination of concession oil agreements signed in 2011 by the…
New Gas Directive opens the way for a common EU approach on Russian imports
The EU Council agreement on its negotiating mandate under the Romanian Presidency of the EU Council came as a rather…
Black Sea Oil & Gas’ Midia project receives approval from ANRM for the Field Development Plan for the Ana and Doina Gas Fields
Black Sea Oil & Gas – BSOG together with its co-venture partners, Petro Ventures Resources SRL (“Petro Ventures”) and Gas…
Petrom’s total hydrocarbons production declined by 5.5% in the first quarter
Petrom’s total hydrocarbon production was 153 thousand boe/ d in the first quarter of this year, compared with 162 thousand…
Mangalia Shipyard will produce ships for oil exploitation
Mangalia Shipyard will produce luxury ships for cruises and high capacity vessels for oil exploration and exploitation. “The recently signed…
Romgaz wants to hire a law firm for trials with own employees
National Company of Natural Gas Romgaz SA Medias wants to hire a law firm to represent the company in its…
Romgaz to start drilling in Slovakia
Romgaz, one of the two gas producers in Romania, which has a minority stake in a field in Slovakia, will…
Romania’s Black Sea gas projects hanging by a thread
Romania’s new energy regulations risk undermining plans by companies to develop big offshore gas projects in the Black Sea, putting…
Fear of infringement and industry lobby eliminates gas price freezing for companies
As a result of the industry lobby and the European Union’s recommendations, the government ceded and gave up the gas…
The regulator decided what companies would buy how much domestic gas and from whom at the price the Government set
The latest decisions of the National Regulatory Authority for Energy – ANRE set out the destinations for natural gas from…
Lukoil continues drilling in the Black Sea
Lukoil, one of the most powerful players in the local oil market, says this year will drill a probe in…
OMV Petrom and Exxon have new proposals for the gov’t
OMV Petrom and Exxon do not want to be subject to the financial tax provisions of the Offshore Law, OUG…
Prospex Oil and Gas raises funds for Romanian concession
K-based Prospex Oil and Gas has raised 800,000 British pounds (899,562 euro) via a share placing to help fund its…
Petrom paid the Romanian government 30% more taxes in 2018
The taxes paid by Petrom last year rose substantially from those in 2017, both as a result of higher profits…
F. Hajdinjak: Authorities must urgently rethink their energy poverty policies
Since publicly presented in late December 2018, GEO 114/2018 stirred massive reactions on all levels (media, industry, experts, politicians). It…
Petrom inaugurates the 65 mln euro poli-fuels plant at Petrobrazi
Petrom will open by the end of the month the plant which converts petroleum gas into gasoline and diesel, on…
Exxon doesn’t wait: Evaluates offshore Israel energy exploration bid
American oil and gas giant ExxonMobil is considering exploring for energy off the Israeli coast, according to Reuters. Executives from…