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…
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Exploration & production
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…
Szijjártó: Hungarian firms have signed contracts with ExxonMobil and OMV
Hungarian Foreign Minister Péter Szijjártó said on Thursday in Târgu Mureş that Hungary wants to buy natural gas from Romania,…
The Bulgarian government extends the exploration license in the Black Sea of OMV, Total and Repsol
The exploration license for the Han Asparuh 1-18 perimeter of the Black Sea, owned by OMV, the main shareholder of…
Franck Neel, OMV Petrom: Liberalization takes time
As Europe’s gas reserves deplete, Romania has the highest growth potential in the regional gas market, but liberalization takes time,…
Hungary is ready to buy gas from the Romanian Black Sea
Hungary is ready to buy gas from the Romanian Black Sea region at market prices, given the diversification of its…
Gazprom inaugurates construction of Serbian thermal power plant
State-owned Russian energy giant Gazprom has begun construction of a combined cycle thermal power plant (TPP) in Pancevo, Serbia in…
Delgaz Grid (E.On) invests 215 million lei in the distribution network
Delgaz Grid, the distribution company of the E.On Group, has posted in the Electronic Procurement System calls for proposals worth…
Sources: BSOG will begin gas supplies starting with February, 2021
Black Sea Oil & Gas (BSOG) has booked 90% of the gas capacity at the national transport system (SNT) in…
Three groups bid to build $1.6 billion gas pipeline in Bulgaria
Three consortiums have submitted bids in a 1.4 billion euro ($1.6 billion) tender to build a pipeline to carry Russian…
Norway is about to decide whether its $1 trillion fund dumps oil & gas
Norway is about to decide whether to let its $1 trillion sovereign wealth fund dump all its oil and gas…
Exxon Mobil CEO sets plan to boost spending
Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said, and the largest U.S. oil…
Alexey Miller: Gazprom will not be part of the “Balkan” gas hub
Gazprom does not plan to participate in the Balkan gas hub in Bulgaria. This was stated by the chairman of…
Romgaz and Petrom, under Competition’s scrutiny for the gas supply to own power plants
The Competition Council has launched an investigation to verify the conditions under which Romgaz and OMV Petrom deliver natural gas…
Black Sea Gases, the most expensive ExxonMobil project of its kind
Neptun Deep Offshore Gas Perimeter is the most expensive hydrocarbon production project with completed exploration work and ready to be…
Gazprom Neft 2018 net profit up 49%, oil output to rise 2% in 2019
Russian oil producer Gazprom Neft announced an about 49% profit rise and says it expects its oil output to go…
