OMV disposes of assets in the North Sea to access fields in Siberia
The agreement regarding the exchange of assets between OMV and Gazprom will be completed this year, announced the CEO of…
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Exploration & production
OMV leadership declines interest in cooperating with Gazprom in refining sector
The Austrian energy group OMV, the majority shareholder of Petrom, and Gazprom may announce on Friday which assets will OMV…
New figures show the weight of the Romanian Oil & Gas Upstream Onshore industry
* Each euro invested in exploration and production of oil and gas tripled in the Romanian economy, according to a…
Oil production continues to fall, imports grow
Romania imported in January this year an amount of 511.800 tonnes of crude oil equivalent (tep), with 19.100 toe (+…
Moesia and NIS Petrol request the extension of exploration period
Moesia Oil and Gas and NIS Petrol request the National Agency for Mineral Resources (NARM) the extension by 18 months…
MOL provides a career opportunity for 170 students and graduates
MOL Group recruits students and graduates from Romania to fill 170 positions in 13 countries where the group has operations,…
Daniel Apostol, ROPEPCA: Oil and gas reserves decline can be reversed by investment
The decline of hydrocarbon reserves can be reversed by maintaining and increasing the investment level both in new discoveries and…
OMV Petrom ends earlier the contract to increase production with Petrofac
OMV Petrom closed earlier the contract with Petrofac in order to increase production from Țicleni area, Gorj county, according to…
Romgaz plans a net gain of 1.32 billion RON an investments of 1,12 billion RON in 2016
Romgaz anticipates for this year a net income of 1.32 billion RON, almost 12% higher than that achieved last year.…
Shell begins oil exploration in the Bulgarian side of Black Sea
Bulgaria has signed a five-year agreement with the oil group Royal Dutch Shell for exploration of oil and gas in…
Government wants to update Petroleum and Mining Laws; NAMR’s input asked up to March 15
All the projects for oil and gas exploration are delayed, warns Sorin Gal, General Manager of the National Agency for…
KazMunayGas receives a lower rating from Standard & Poor’s
The credit rating Agency Standard & Poor’s (S&P) has downgraded the ratings of five Kazakh state-own companies, including KazMunayGas, which…
Sorin Gal, NAMR: 2016 may be the first year when we begin to terminate oil agreements
In 2016, the trend is to reduce investments, signalized Sorin Gal, General Director of the National Agency for Mineral Resources…