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…
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Exploration & production
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…
Bulgaria OKs transfer of 20% of offshore block exploration rights from Shell to Repsol
Bulgaria’s government said on Wednesday it approved the transfer of 20% of the exploration rights on offshore Block 1-14 Khan…
Romgaz: 2018 net profit declined by 22%, production and investment grew
Romgaz recorded a net profit of 1.4 billion lei in 2018, 22% less than in 2017, with a turnover of…
FT: Nord Stream 2 marks a failure for EU energy policy
The EU has agreed to tighten its rules on natural gas pipelines — in a way that may force a…
Black Sea Oil ready to sue Romania over offshore gas field development
Despite announcing last week that it would invest USD 400 million to start natural gas extraction at its offshore field…
OMV begins first major offshore project since buying Shell NZ
Austrian-based oil and gas company OMV has begun its first major offshore project since buying Shell’s New Zealand assets for US$578…
Russia’s Gazprom aims to boost its 35% gas market share in Europe
Russia’s gas giant Gazprom aims to further increase its 35-percent market share in Europe, amid higher natural gas demand and…
Energy Minister: I am considering amending GEO 114 to support coal-fired power generators
Energy Minister Anton Anton repeated on Thursday, at Iernut, that he will fight for the amendment of GEO 114/2018 to…