OMV Petrom’s hydrocarbon production falls by 4% in Q1
OMV Petrom achieved in the first quarter of 2023 (Q1) a hydrocarbon production of 116,300 barrels of oil equivalent per…
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Poland urges EU to introduce tax on oil imports from Russia
Polish Prime Minister Mateusz Morawiecki on Wednesday urged the European Union (EU) to introduce a tax on hydrocarbon imports from…
Romgaz hydrocarbon production rose 11.2% last year
Last year, Romgaz recorded a hydrocarbon production of 32.53 million barrels equivalent to oil (boe), 11.2% higher than that reported…
OMV Petrom’s hydrocarbon production slightly decreased in Q1
OMV Petrom’s hydrocarbon production in the first quarter of this year (Q1) was of 138,900 barrels of oil equivalent (boe)/day,…
OMV makes a comeback in Iran oil industry
The OMV Group, Petrom’s majority shareholder, and the National Iranian Oil Company (NIOC) signed in Tehran a series of agreements…
Midia Resources continues operations in the Black Sea under a different name
Former Midia Resources, a company that was owned by Sterling, changed its name to Black Sea Oil & Gas (BSOG)…
Obama spurns natural gas in climate rule
President Obama’s love affair with natural gas is over. The president once touted gas as an essential clean bridge fuel…
Europe’s thorny Energy Diplomacy
It is neither acceptable nor possible for European countries to achieve energy security on the back of a fossil fuel…
Ministry of Finance will combine royalties with a tax on profits from Upstream
The future system of royalties in the field of hydrocarbons, which should enter into force by the end of this…
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…
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…
