Exploration & production
KMG International will operate 20% of an oilfield production in Kazakhstan
The KMG International Group, through KMG Trading, managed on behalf of KazMunayGas, the process of selecting Vitol, as the company…
Big Oil compete for projects worth 30 billion dollars in Iran
Total, Royal Dutch Shell and Lukoil are among the major oil companies who have selected the oil and gas fields…
IEA: OPEC could keep prices low for a decade
Keeping the OPEC production will lead to lower oil prices for a long period, with negative effects on the budgets…
Kazakhstan will privatize KMG, the owner of former Rompetrol Group
Kazakhstan offers to sell stakes in the largest state companies, including KazMunaiGas (KMG), the former owner of Rompetrol Group, after…
OMV Petrom net earnings fell by 60% at nine months
OMV Petrom had after nine months a net profit of 991 million lei (223.1 million euros), down by 59% compared…
Russia’s oil production will increase this year by 0.8%
Russia’s oil production will exceed this year the 2014 level by 0.8%, according to the estimates by the State Duma,…
ROPEPCA: Oil and gas investments depends on the long-term stability of the fiscal framework
For more than five years, the International Monetary Fund (IMF) urges Romania, through the arrangements made for financial stability, to…
E.ON sells oil and gas assets in Norway for 1.6 billion dollars
The German utility Group E.ON, has entered into an agreement to sell the exploration and production activities in Norway to…
A gas reservoir of 30 billion cubic meters, discovered in the Black Sea
Lukoil, PanAtlantic and Romgaz claim to have discovered in the Romanian Offshore perimeter, a gas deposit currently estimated to at…
Black Sea Offshore – a conference to find solutions (October 20-21st)
“Let’s not waste a good crisis“, said SPE President Helge Hove Haldorsen last month in Aberdeen. The organizers of the…
Andrei Gerea: KazMunayGas – Rompetrol project is still supported at all levels in Kazakhstan
Completion of the Memorandum regarding Rompetrol was the main topic of talks held between Minister of Energy, SMEs and Business…
Shell looks for oil and gas in the Bulgarian Black Sea coast
Bulgaria has selected the Anglo-Dutch group Royal Dutch Shell to explore oil and gas in the Black Sea and the…