Exploration & production
How the Petrobras scandal buried Brazil’s dream for offshore oil
Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lay vast oil reserves – at least…
A site of 100 billion barrels of oil was discovered in the UK
British oil Exploration Company U.K. Oil & Gas Investments (UKOG) believes it has found the most important onshore oil field…
Shell buys BG Group in a 70 billion dollars transaction
Shell Oil will buy for nearly 70 billion dollars,in cash and shares, the British gas producer BG Group, says The…
Junk energy bonds find much needed support
Fear has given way to greed in risky US energy bonds. After last year’s oil crash pummeled the US energy…
Russian oil production increased in Q1
The activities for extracting oil from Russia increased by 23% this year, and production reached a post-Soviet record high in…
Wintershall’s Chairman will become CEO of OMV
Rainer Seele, chairman of the board from 2009 at Wintershall, the largest oil and gas producer in Germany, will take…
Hunt Oil is looking for a seismic prospecting service provider
Hunt Oil Company of Romania, a subsidiary of US oil group Hunt Oil, wants to outsource 3D seismic prospecting services…
Demetrescu: IFIs interested in Hidro Tarniţa, in May we’ll know who prequalifies
###author### International financial institutions (IFIs) like the World Bank, International Finance Corp. (IFC), European Bank for Reconstruction and Development (EBRD),…
Vâlcov: New royalies could be presented at the end of next month
The new draft law on royalties could be presented at the end April for a first reading in a Government…
Dudău, EPG: 70% of gas transport and 40% of supply network need refurbishment
Almost 70% of the gas transportation system must be modernized and about 40% of the gas distribution infrastructure must be…
Petrofac dropped the contract with OMV Petrom
Oil services company Petrofac waived the contract with OMV Petrom concluded in 2010, which aimed to exploit the deposits in…
Energy Union project, difficult to accomplish – experts
EU policymakers have unveiled plans for an Energy Union, hailing it as the biggest energy shake-up for more than half a…
Chevron abandons its shale gas exploitation projects in Romania
Representatives of the US giant Chevron confirmed that it would withdraw from Romania and waives the shale gas exploitation operations,…
OMV Petrom announces reduction of investments by 20% – 35% in 2015
OMV Petrom will reduce its investment with percentages between 20% and 35% this year, mainly due to the sharp fall…