Bulgaria OKs transfer of 20% of offshore block exploration rights from Shell to Repsol
Bulgaria’s government said on Wednesday it approved the transfer of 20% of the exploration rights on offshore Block 1-14 Khan…
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Exploration & production
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…
FT: Nord Stream 2 marks a failure for EU energy policy
The EU has agreed to tighten its rules on natural gas pipelines — in a way that may force a…
Black Sea Oil ready to sue Romania over offshore gas field development
Despite announcing last week that it would invest USD 400 million to start natural gas extraction at its offshore field…
OMV begins first major offshore project since buying Shell NZ
Austrian-based oil and gas company OMV has begun its first major offshore project since buying Shell’s New Zealand assets for US$578…
Russia’s Gazprom aims to boost its 35% gas market share in Europe
Russia’s gas giant Gazprom aims to further increase its 35-percent market share in Europe, amid higher natural gas demand and…
Energy Minister: I am considering amending GEO 114 to support coal-fired power generators
Energy Minister Anton Anton repeated on Thursday, at Iernut, that he will fight for the amendment of GEO 114/2018 to…
BSOG moves forward with the Black Sea Midia Gas Project, expects a fully liberalized market, in accordance with EU Directives
Black Sea Oil & Gas SRL (“BSOG”) together with its co-venture partners, Petro Ventures Resources SRL (“Petro Ventures”) and Gas…
Russia complies with global deal to cut oil output: Energy minister
Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said. He said Russian…
Beacom: The impact of the new laws on BSOG investment plans is highly negative
In spite of the fact that Black Sea Oil & Gas received the Ministry of Energy authorization for the offshore…
The Ministry of Energy has authorized offshore works for the perimeter XV Midia, operated by Black Sea Oil & Gas
The Ministry of Energy issued the authorization document for the offshore works required for the production of natural gas in…
A. Volintiru: GEO 114/2018 cuts 20% to 25% from revenues and profit of Romgaz in 2019
UPDATE 31.01.2019 In a press release sent to the Bucharest Stock Exchange on January 31, Romgaz comes up with some…
Saudi energy minister: Russians promised me they’d ‚pick up the pace’ on OPEC cuts
Saudi Arabia’s energy minister is hoping Russia will pull its weight on recently agreed OPEC oil production cuts despite its…