Popescu: The offshore law will be amended in 2021, but the exploitation of Neptun Deep can only start in 2024-25
Amending the Offshore Law will take place later this year, but the exploitation of Black Sea gas cannot start earlier…
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Verchere: After the amendment of the Offshore Law, it takes 12 months for the investment decision in the Black Sea
OMV Petrom needs a 12-month period to make the decision to invest in the Black Sea gas project, from the…
Popescu: For the moment we do not have a political consensus in the Parliament to amend the Offshore Law
Parliamentary political parties haven’t so far reach to a consensus to amend the Offshore Law and for Black Sea investors…
Popescu: OMV will not withdraw from the Black Sea project
Designated Minister of Economy, Virgil Popescu, claims that the issue of withdrawal from the Black Sea was not even approached,…
In respect to the Neptun Deep project, OMV Petrom moves from “when” to „if” – changes to offshore law are urgent
The extraction of natural gas from the Neptun Deep perimeter of the Black Sea has become uncertain, as the offshore…
2020: When economic prudence will lead to improved performance
Thirty years after the fall of the communist regime, Romania seems to be well anchored in European values and on…
Neel: Romania has the opportunity to become the main gas producer in the EU
Bogdan Tudorache Romania has the “major opportunity” to become the largest gas producer in Europe, says Franck Neel, president of…
The FPPG supports the new changes to the oil and gas legislation
Bogdan Tudorache The Oil and Gas Employers’ Federation (FPPG) announced that it “appreciates that the new revisions proposed by the…
Black Sea Oil ready to sue Romania over offshore gas field development
Despite announcing last week that it would invest USD 400 million to start natural gas extraction at its offshore field…
The Ministry of Energy has authorized offshore works for the perimeter XV Midia, operated by Black Sea Oil & Gas
The Ministry of Energy issued the authorization document for the offshore works required for the production of natural gas in…
OMV postpones for 2019 the decision to invest in the offshore Black Sea project
Austria’s energy group OMV has postponed an investment decision on its Black Sea exploration project until next year because the…
Parliament adopted the Offshore Law with stability clauses, progressive taxation and investment deductions limited to 30%
The Chamber of Deputies approved a new form of the Offshore Law, an essential piece of legislation for starting the…
Opposition calls for resumption of talks on Offshore Law
Several opposition leaders have called for the resumption of talks on the Offshore Law in parliamentary committees. One of the…
One more week for discussions on the Offshore Law – Calculations on fiscal regime start from scratch
Speaker of the Chamber of Deputies, PSD chairman Liviu Dragnea said on Saturday that “a consensus has been reached” regarding…
Offshore Law returns to the Committees
The Plenary of the Chamber of Deputies decided on Wednesday to resend the Offshore Law to the specialized committees, following…
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