Exploration & production
Increasing stocks bring oil prices even lower
Money managers have never been more certain that oil prices will drop. They increased bets on falling crude by the…
Reinhard Florey, new member of the Supervisory Board of Petrom
Reinhard Florey, who earlier this year held the position of CFO of OMV, is the new member of the Supervisory…
OMV Petrom Q2 output falls 2.2% over the previous year
The hydrocarbon production of Romania’s top oil and gas group OMV Petrom dropped during the second quarter by 2.2% on…
Romgaz investment at Sărmăşel increases Romania’s storage capacity to 3.3 billion Ncm/cycle
Romgaz SA has put into service the new installation of the compression and dehydration plant of Sărmăşel (county of Mureş).…
US shale industry is adapting to low oil prices; no shale gas explorations in Romania
Low oil prices wreaked havoc with US shale producers, but increasingly the industry appears to be adapting successfully to new…
Russians, Americans and Kazahs inject 37 billion USD at Tengiz oilfield
Kazakhstan and a group of oil companies led by Chevron have approved a $36.8 billion plan to boost production at…
GSP wins new contract in Tunis
Grup Servicii Petroliere (GSP), the offshore drilling company controlled by the Constanta businessman Gabriel Comanescu, won a contract for the…
US oil reserves surpass those of Saudi Arabia and Russia
The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by…
Romgaz announces a new hydrocarbon discovery, in Buzău county
Romgaz announces a new hydrocarbon discovery on the Romanian territory in block RG.06 Muntenia Nord-Est, where it performs petroleum operations.…
The price of natural gas from domestic production stays at 60 lei/MWh until March 2017
The Cabinet has decided the purchase price of natural gas from domestic production for household consumers to remain unchanged until…
Mark Beacom: As a country, if you want energy security, you should produce the energy yourself
This is the transcript of the message delivered by Mark Beacom, CEO of Black Sea Oil & Gas, and Vice-Chairman…
IEA Cuts Oil Surplus Estimate, Sees Market Balance in 2017
The global oil market will be almost balanced next year as demand continues to rise faster than production, while the…
Sorin Gal: O&G exploration activity is the most important at the moment
This is the transcript of the message delivered by Sorin Gal, General Director of the National Agency for Mineral Resources, during…
Mariana Gheorghe, 10 years leading the largest oil and gas producer in South-East Europe
10 years ago, Petrom was the largest oil and gas company in Romania. It quickly became the leader of South-East…
Romanian courts decide in favor of the oil operators
Varinia Radu – Partner CMS România Ramona Dulamea – Senior Associate CMS România Daniela Popescu – Senior Associate CMS România In…
Romgaz proposes the dissolution of Amgaz, gas storage operator
Romgaz administrators propose the dissolution and liquidation of Amgaz, the company that operates Nadeș gas storage unit (in Mureș county),…