EY: More than half of oil and gas companies are interested in mergers and acquisitions
A study performed by the consultancy company EY among 1.700 companies shows that more than half of the respondents active…
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Exploration & production
GC Rieber will collect seismic data from oil perimeters located in the Black Sea
Black Sea Oil & Gas (BSOG), the company through the investment fund Carlyle Group operates oil possessions in the Black…
IEA Market Report: OPEC output still increases the global oil supply
Global oil supplies rose 250,000 barrels per day (bpd) in April from the preceding month to 96.2 million bpd as…
Romgaz’s quarterly profit decreases by 13%
Romgaz scored in the first quarter a net profit of 489.3 million lei, 13.1% lower than that registered in the…
Rompetrol Well Services posted a loss of 1.2 million lei
Rompetrol Well Services posted, in the first quarter of this year, a loss of 1.2 million lei, compared to a…
Saudi oil minister was sacked after a tenure of two decades
Saudi oil minister Ali al-Naimi was dismissed after more than 20 years since he took office, according to international media.…
OMV makes a comeback in Iran oil industry
The OMV Group, Petrom’s majority shareholder, and the National Iranian Oil Company (NIOC) signed in Tehran a series of agreements…
Halliburton and Baker Hughes stopped their 28 billion dollars merger
US and European Union (EU) competition authorities ended the merger between Halliburton and Baker Hughes, global providers of oilfield services,…
Chinese company takes over 51% of KMG International, former Rompetrol Group
KazMunayGas (KMG) and China Energy Company Limited (CEFC) signed Friday, April 29, the documents for setting up a joint venture…
OMV is betting on Romania for granting stability in an uncertainty dominated environment
“Some might say that I lack vision. I can admit that. But look how many fail around us, so we…
The Senate approves the creation of an offshore oil operations regulator
The legislative proposal regarding the safety of the offshore oil operations throughout which the Competent Regulatory Authority is established for…
Lukoil will continue exploration in Trident oil concession, in the Black Sea
Lukoil will continue exploration work in the Trident area, located in the Black Sea, conveyed Lukoil First Vice President Vladimir…
Prospecțiuni SA went into insolvency
Prospecțiuni SA, geological and geophysical services provider for the oil industry, entered into insolvency proceedings after it made a request…
Lukoil rose last year by 80% the funds available for the exploitation of hydrocarbons in Romania
Lukoil spent last year in Romania about 343.4 million dollars, up by 81% compared to the previous year, for performing…