Petrom gets another 500,000 cm/day after a 50 million euro investment for a new gas well in Totea area
OMV Petrom has discovered new hydrocarbon resources in the Oltenia region, the company announced. “Throughout the years, the Totea deposit…
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Exploration & production
Unlocking the potential of the Black Sea
Despite all the uncertainty, the oil & gas industry in the Black Sea region is not afraid to take actions.…
The specific taxation rate in the Romanian Upstream gas industry exceeded 25% in 2018
Romania has the highest effective tax rate specific to natural gas production in Europe, shows a study by Gabriel Biriș,…
Oil market, disturbed by the attack on Aramco
Dramatic week for crude oil, with futures contracts for Brent crude oil registering some of the biggest jump in history…
One hundred $1,000 scholarships from KMG International – call for applications
KMG International will award 100 scholarships to high school pupils and students with outstanding performances in Bucharest, Constanța and Prahova.…
The price of oil at the last 4 months’ high, after the attacks in Saudi Arabia
WTI US benchmark oil futures closed Monday at $ 62.5 a barrel, close to the highest level of the day’s…
Rainer Seele, confirmed for two more years at the helm of OMV
The term of office of the current CEO and Chairman of the Executive Committee of the OMV, Rainer Seele, was…
Romanian oil industry demands public policies to encourage investments in the sector
Oilmen demand public policies to encourage investments in the sector, to increase the role of industry in the development of…
Hungary’s response to risks related to natural gas supply (Interview with Pál Ságvári)
Pál Ságvári, Ambassador-at-Large for Energy Security, Ministry of Foreign Affairs and Trade of Hungary talks about energy security, diversification of…
Exxon agrees $4 billion sale of Norway oil and gas assets
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production…
FPPG rejects the alarmist statements about the effects of returning to a free and functional gas market
The Oil and Gas Employers’ Federation – FPPG rejects the alarmist and unfounded statements about the effects of returning to a free…
Dafora goes back in black: Profit of 1 million euro in H1, revenues increase 17%
Bogdan Tudorache Dafora Mediaș reports going back into black, with a net result for the first six months (H1) of…
ANRE wants to modify the norms of GEO 114, in order to comply with EC request
The National Energy Regulatory Authority – ANRE intends to amend the implementing rules of GEO 114/2018, so that Romania avoids…
Wauterickx, The Sniffers: Methane reduction is an opportunity in Romania
The Sniffers is an environmental service provider for the oil and gas industry. ”We are operating worldwide, focusing on Upstream,…
The cycle of growth in the natural gas market is expected to resume (EBC, August 29)
The legislative changes that are foreshadowed in the natural gas sector, respectively the renunciation of regulated prices, are welcomed by…
Transgaz and BSOG to start the works for the gas transport from the Midia Project
General Manager of Transgaz, Ion Sterian and General Manager of Black Sea Oil & Gas (BSOG), Mark Beacom, on Friday…
Onshore profile of the Black Sea countries – more at the 7th edition of the Black Sea Oil and Gas Conference!
In partnership with Global Data, Globuc – the organizers of the Black Sea Oil and Gas Conference (October 23-24, Bucharest)…
Stoica, BRM – Waiver of GEO 114 means a return to normal, but the effects will come slowly
The natural gas market made a tough debut in Romania, being strongly influenced by the political factor. The market started…
GEO 114/2018 triggered two new infringement files against Romania; deadlines are close
Of the 65 active infringement files of Romania at the European Commission, 15 refer to violations of EU law in…
FPPG: Regulated prices and the 2% tax to ANRE blocked liberalization and distorted the energy market
The Oil and Gas Employers’ Federation – FPPG welcomes the initiative of the Romanian Parliament to amend the GEO 114/2018…
ROPEPCA: Deregulation of gas prices is merely the first step
The Romanian Petroleum Exploration and Production Companies Association – ROPEPCA appreciates as beneficial and necessary the proposal of the Commission…
Opposition tries to amend GEO 114/2018, PSD manages to block the return to free markets
Deputies from the Committee of Budget postponed discussions on GEO 114/2018, with subsequent changes, after the members of the Committee…
Trump and Iohannis review Black Sea gas, nuclear energy stressed as of major importance for US
US Administration issued a joint statement of the president of the United States, Donald Trump and president of Romania, Klaus…