First commercial announcement from the Black Sea – end of 2017, at best, first gas in 2019
At least 5 promising discoveries have been made in recent years at the Black Sea, starting from 2008, still no…
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Exploration & production
Gazprom expects 2017 investment program worth USD 14.7 Bln.
The amount of financing of the Gazprom investment program in 2017 will total USD 14.73 billion, according to official company’s…
U.S. oil industry cheers Trump energy pick, seeks gas export boost
The U.S. oil and gas industry on Wednesday welcomed President-elect Donald Trump‘s choice of former Texas Governor Rick Perry to…
New oil agreements between Iran and Gazprom
Iran signed preliminary agreements with Russia’s Gazprom on Tuesday to develop two major oil fields in the latest of a…
OMV Petrom and Hunt Oil start experimental gas production from the Padina field
OMV Petrom, the largest oil and gas producer in Southeastern Europe, in partnership with Hunt Oil Company of Romania (Hunt…
Oil tops $55 for first time in 16 months
Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects…
Peter Jansen, dissatisfied with the Romgaz appointments
Peter Jansen, a member of the board of directors of the national producer of gas Romgaz (SNG) says he is…
Oil price increases by 8% after OPEC’s decision to cut output
Organization of Petroleum Exporting Countries (OPEC) agreed on Wednesday to reduce production for the first time since the financial crisis…
Dumitru Chisăliţă is the new president of the board of Romgaz
Romgaz’s shareholders have decided the election of a new chairman of the Board of S.N.G.N. ROMGAZ S.A. and the change…
Cătălin Dumitru promoted as as Vice President for Corporate Development and Strategy of the KMGI Group
KMG International (which owns the former Rompetrol) changed the Group’s management structure, appointing Catalin Dumitru as senior vice president for…
Black Sea Oil & Gas SRL advances on its Black Sea Midia Gas Development
Black Sea Oil & Gas SRL (“BSOG”) has announced that it has awarded to Xodus Group, together with its co-venture…
General manager Virgil Metea was removed from Romgaz BoDs
On Tuesday’s meeting, the Ordinary General Meeting of Shareholders of ROMGAZ has decided the exercise of cumulative voting to elect/reconfirm…
ANRM: Changes to the Oil Law will be submitted to the Parliament in 2017
National Agency for Mineral Resources (ANRM) has prepared a new draft amendment to the Petroleum Law to be submitted to…
Petrom’s profit drops 11% at 9M
Petrom recorded a net profit of 473 million lei in the third quarter of 2016 compared to a loss of…
OMV: Fierce competition on the gas market, also because of the imported gas
The gas demand in Romania this year remains below the levels of 2015; stable demand on the electricity market The…