Wintershall Pushes for Shale Gas Legislation in Germany
German supplier and explorer Wintershall Holding restated its endorsement to shale gas, claiming that it could have positive consequences on…
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Exploration & production
Mineral Resources’ Exploitation Might Impede Romania’s Development
###author### The countries that are resource-rich like OPEC cartel member states, Russia, Nigeria, etc., failed to create diversified economies and…
Conpet Enters BSE’s First Category to Finance Its Pitesti-Pancevo Pipeline
For the shareholders of Conpet, the company’s listing on the first tier of the Bucharest Stock Exchange (BSE) is a…
Energy Companies Lead the Way in COFACE’s CEE Top 500
Ranked by both turnover and number of companies, the oil and gas sector leads the sector ranking. nevertheless, the 65…
Poland began exploitation of shale gas
Lane Energy, a company controlled by US group ConocoPhillips, began extracting shale gas from a well near Lebork, northern Poland,…
Statoil could extract gas at half the cost
In a quest to tap huge gas reserves worth an estimated 30 billion dollars, the norwegian company launched in mid-August,…
Ukraine, Romania to sign gas trade agreement in October
The Ukrainian Government wants to import natural gas from Romania, and a trade agreement in this sense might be signed…
Ukraine region rejects Chevron shale gas deal draft
A local council in Western Ukraine voted against a draft production-sharing agreement with Chevron. The draft received critics that essentially…
Increased Profits for the State Energy Giants Ahead Stock Exchange Listings
Only three of the energy companies entered the top 10 most profitable companies listed on Bucharest Stock Exchange, based on…
OMV pays a record 2.65 billion dollars for Statoil North Sea oil fields
Norway’s Statoil has sold to OMV 19 percent of Gullfaks oil field, 24 percent of Gudrun and agreed optional cooperation…
Exports of U.S. oil,gas and coal have doubled in the last three years
US exports of petroleum and petroleum derivatives, natural gas and coal have doubled in the last three years, reaching 110.2…
OMV Petrom to turn into oil storage facilities a part of Arpechim storage installations
OMV Petrom CEO Mariana Gheorghe said the company will transform a part of Arpechim Pitesti refinery in an oil deposit.…
OMV Petrom’s First-Semester Net Income Increases 18 Percent; Sales fall 5 Percent
OMV Petrom SA, Romania’s biggest oil company, said its first-semester profit rose 18 percent because of stable production. Net income…
OMV Petrom close to start preliminary works at Skifska field
A Ukrainian senior official says that a production sharing agreement (PSA) could be signed in the next three months to…
Over 4 million RON loss for Oil Terminal in the first semester
The state-own company Oil Terminal Constanța ended first semester with a turnover of RON 48.9 mln, down 7,2% compared with…
Petroceltic to spud exploration well offshore Romania
Beach Energy announced that its partner Petroceltic is planning to spud the 01RX Cobălcescu South exploration well in Block EX-28, offshore Romania, during…
David Cameron pushes on shale gas’ benefits for communities
Britain would be “making a big mistake” if it did not seriously consider fracking and the prospect of cheaper gas…
Romgaz, Aurelian Oil & Gas to produce natural gas in Poland and Slovakia
The state-owned Romgaz might continue its activity in Poland and Slovakia after it finalizes the exploration phase in these two…