More and more gas drilling projects resurrected around Europe
Besides diversification, saving energy, or pushing for renewables, some countries have opted to expand existing gas drilling sites or exploit…
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Exploration & production
OMV Petrom will start production of sustainable aviation fuel at Petrobrazi
OMV Petrom, the largest integrated energy company in Southeast Europe, will produce sustainable aviation fuel at the Petrobrazi refinery by…
RWE halts early retirements as Germany ramps up coal use to replace Russian gas
RWE, Germany’s largest energy company, has halted early retirement of employees in reaction to the government’s decision to increase the…
Ukrainian rockets hit oil rigs off Black Sea near Snake Island
The Ukrainian army has hit with rockets two oil rigs off the Crimea, according to a pro-Russian official in the…
Minister of Energy: The first gas from the Black Sea entered the national transport system
The first gas from the Black Sea entered the national transport system on Wednesday, respectively the gas from the Midia…
Russian natural gas substitution – scenarios proposed by FEL Romania
The escalation of the Russian-Ukrainian conflict has amplified the effects of the energy crisis and calls for a rethinking of…
GSP signs a Black Sea drilling contract with Trillion Energy of Canada
Grup Servicii Petroliere (GSP) has signed an offshore drilling service agreement with Trillion Energy International for the 2022-2023 drilling program…
Romania amended offshore law to allow exploitation of Black Sea gas
Romanian Energy Minister Virgil Popescu welcomed the favourable vote in the Chamber of Deputies, the decision-making body, and his parliamentary…
Green NGOs are calling for new protection regulations in offshore oil operations
Environmental organizations Greenpeace, Bankwatch, 2Celsius, WWF and Declic have sent an open letter to members of Parliament regarding the offshore…
Radu Dudău: We hope for a positive result of the strategic project of the Black Sea gas
Romania’s Parliament is finally moving at a record speed on the Black Sea gas strategic project and we hope for…
Offshore law was adopted by the Senate, Chamber of Deputies follows – as decision-making body
The Senate adopted on Wednesday, as the first chamber notified, the draft amendment to the Offshore Law initiated and assumed…
Cîţu: The offshore law will enter voting procedures on Wednesday, any change must be agreed by the coalition
The offshore law will be voted on Wednesday and will be submitted immediately to the Chamber of Deputies, but any…
BSOG: The new offshore law does not eliminate the additional income tax that blocked investments
The new offshore law is still insufficiently satisfactory for investors, Black Sea Oil & Gas (BSOG) officials told Energynomics. They…
35% of the OMV Petrom investment will go for the energy transition
Franck Neel talked about the main pillars of the 11 billion euro investment plan of OMV Petrom’s until 2030, a…
Romania provides almost 40% of its domestic oil needs
Romania ensures, from internal resources, its oil needs in a proportion of almost 40%, said on Thursday Filip Cârlea, Director…
Sterian: Gas imports into Romania are not affected; we can ensure the country’s consumption from domestic production
Although Gazprom has stopped gas supplies to Plonia and Bulgaria, Romania’s gas imports are normal, and our country can provide…
OMV Petrom’s fuel sales up 9% in Q1 2022 compared to Q1 2021
OMV Petrom’s total sales of refined products were 5% higher in Q1 2022 compared to Q1 2021 as a result…
Romania’s crude oil production fell by 4.6% in the first two months of 2022
Romania produced, in the first two months of 2022, a quantity of crude oil of over 481,600 tons of oil…
FPPG welcomes the governing coalition’s initiative to reintroduce Offshore Law in Parliament
The Oil and Gas Employers Federation (FPPG), an organization that brings together the main producers of natural gas, which covers…
Offshore Law: The Romanian state is the main winner, with up to 78% of net gains – AEI
The price of natural gas to the final consumer will not fall below the current price, and the state is…
Virgil Popescu: The Offshore Law has been and is a priority for me and PNL colleagues
The Offshore Law was submitted to the Parliament on Friday and will be adopted as a matter of urgency, and…
USR demands that the revenues from the Offshore Law reach Pillar 2 of pensions
USR MPs will submit, during the debates on the draft offshore law, an amendment so that the money obtained by…
Amendments to the Offshore Law reach Parliament; will they be enough?
The ruling coalition leaders have sent the offshore law in Parliament and are announcing the existence of a political majority…