OMV pays a record 2.65 billion dollars for Statoil North Sea oil fields
Norway’s Statoil has sold to OMV 19 percent of Gullfaks oil field, 24 percent of Gudrun and agreed optional cooperation…
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Exploration & production
Exports of U.S. oil,gas and coal have doubled in the last three years
US exports of petroleum and petroleum derivatives, natural gas and coal have doubled in the last three years, reaching 110.2…
OMV Petrom to turn into oil storage facilities a part of Arpechim storage installations
OMV Petrom CEO Mariana Gheorghe said the company will transform a part of Arpechim Pitesti refinery in an oil deposit.…
OMV Petrom’s First-Semester Net Income Increases 18 Percent; Sales fall 5 Percent
OMV Petrom SA, Romania’s biggest oil company, said its first-semester profit rose 18 percent because of stable production. Net income…
OMV Petrom close to start preliminary works at Skifska field
A Ukrainian senior official says that a production sharing agreement (PSA) could be signed in the next three months to…
Over 4 million RON loss for Oil Terminal in the first semester
The state-own company Oil Terminal Constanța ended first semester with a turnover of RON 48.9 mln, down 7,2% compared with…
Petroceltic to spud exploration well offshore Romania
Beach Energy announced that its partner Petroceltic is planning to spud the 01RX Cobălcescu South exploration well in Block EX-28, offshore Romania, during…
David Cameron pushes on shale gas’ benefits for communities
Britain would be “making a big mistake” if it did not seriously consider fracking and the prospect of cheaper gas…
Romgaz, Aurelian Oil & Gas to produce natural gas in Poland and Slovakia
The state-owned Romgaz might continue its activity in Poland and Slovakia after it finalizes the exploration phase in these two…
Gazprom and SOCAR to dominate the Greek gas market for the next decades
Gazprom and SOCAR will be, at least for some decades form now, the two companies to dominate Greece’s natural gas…
OMV launches an international campaign to recruit 1.600 new employees
The international oil and gas company OMV has launched a major recruiting campaign to expand its exploring and production of…
Chevron profit recorded the biggest decline in the past four years
Chevron, the second largest energy company world-wide by market capitalization, recorded a 26% decline in net profit in the 2nd…
More than just a news site: the chance of a community
No shortage of news these days. Leaving apart politics, sports, and showbiz, we still have dozens of economic news each…
Gerhard Roiss: Remember our core business – to search for oil and gas
author: Angelika Kramer OMV boss Gerhard Roiss increasingly turns to the Oil&Gas exploration. For electricity generation and gas stations there…
N. Antonescu: În Romania, we’ve started using hydraulic fracturing 50 years ago
author: Elena Ratcu What are, in your opinion, the most important aspects for natural gas market dynamic, including the liberalizing…
Government still needs to show its commitment to attracting new investments in E&P
Recently, the newly-established Romanian Association of Oil Exploration and Production Companies ROPEPCA initiated an honest and complete communication with the…
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