ADX Energy – forced by the coronavirus to postpone the evaluation of a probe in Romania
The Australian company ADX Energy, which owns 50% of the Parța hydrocarbon concession in Timiș County, had to postpone the…
Concession of the first 22 new onshore perimeters in Round XI, in June
By the end of this month, the state will publish the announcement of the concession of the first 22 continental…
ROPEPCA is concerned that GEO 27/2020 introduces new risks in the O&G Upstream segment
The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) warns that the changes brought to the Petroleum Law no. 238/2004…
Intelligent Energy Association: The price of natural gas could reach 2008 levels
Bogdan Tudorache In 2008, ANRM issued Order no. 21/2008 regarding the approval of the reference price for natural gas extracted…
ANRM is considering splitting Round XI: 22 onshore oil fields could be auctioned before offshore
The National Agency for Mineral Resources (ANRM) is considering the division of the XI round of tenders, so that the…
ANRM auctions: The 28 perimeters are in the procedure of drawing up the documentation
The 28 perimeters of the 11th round of National Mineral Resources Authority (ANRM) tenders are in the process of drawing…
About 80% of the on-surface operations royalties will be allotted to local authorities
Liberal party PNL will send the Government for approval a project whereby the royalties from surface operations will remain, at…
ROPEPCA: Oil companies around the world are waiting for the new round of tenders for the perimeters in Romania
Oil companies around the world are waiting for the start of the 11th Round of concessions for oil perimeters in…
ANRM: Three companies are officially interested in the acquisition of ExxonMobil’s participation in the Black Sea
Only three companies have officially requested access to the data room for offshore investment off the Black Sea for a…
ADX Energy started drilling at Iecea Mică evaluation well
Australian company ADX Energy Ltd, which owns 50% of the Parța hydrocarbon concession, from Timis county, started the drillings at…
Romania launches an auction for 28 O&G perimeters, the first in 10 years
The Romanian mineral resources regulator – ANRM has launched an auction for exploration, development and exploitation of 28 O&G perimeters,…
Saniya Melnicenco (ROPEPCA): Romania can gain more if it attracts new investors and stimulates the existing ones
Romania needs clear strategies and regulations, Saniya Melnicenco, president of ROPEPCA, told at the 2019 Energy Strategy Summit, an event…
Ciocănelea, Energy Strategy Summit: Vulnerable Consumer Commission and Launch of the Round XI of the concession of new petroleum blocks
The Prime Minister has approved the establishment of an inter-ministerial commission that will draft legislation on the definition and protection…
Tariceanu to the PM: Mind the Exxon-OMV offshore contract
Senate President Calin Popescu Tariceanu asks the prime minister to pay more attention to the extension of the concession contract…
Romanian oil firms will pay royalties according to the Brent barrel on the London Stock Exchange
Companies that extract oil from Romania will pay fees to the state budget according to the Brent barrel quotation on…
ANRM wants to double its staff
The National Agency for Mineral Resources (ANRM) wants to double its maximum number of posts, from 126 to 240, the…
ACROPO: The Gloria oil platform is no longer safe for the staff
The evaluation of a report of the Gloria Oil Platform, which was completed late last week, revealed major non-conformities in…
The Gloria oil platform, which extracted for 43 years of gas from the Black Sea, will be decommissioned as of May
The Gloria oil platform, which extracted for 43 years of gas from the Black Sea, will be decommissioned as of…
The Black Sea has a gas potential of over 200 billion cubic meters
The Black Sea has a potential of over 200 billion cubic meters of gas and 60 percent of Romania’s production…
ANRM approves termination of contracts with Chevron
The National Agency for Mineral Resources (ANRM) officially approved the termination of concession oil agreements signed in 2011 by the…
Black Sea Oil & Gas’ Midia project receives approval from ANRM for the Field Development Plan for the Ana and Doina Gas Fields
Black Sea Oil & Gas – BSOG together with its co-venture partners, Petro Ventures Resources SRL (“Petro Ventures”) and Gas…
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…
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…