OMV and its partners to invest USD 921 million in a gas field in Norway
Austrian group OMV and its partners have decided to invest 9.1 billion Norwegian kroner ($921 million) to develop a gas…
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Neptun Deep
OMV Petrom confirms the submission of the commercial discovery statement by the Neptun Deep concession holders
OMV Petrom confirms the submission of the declaration of commercial discovery to the National Agency of Mineral Resources by the…
Minister of Energy: 2022 was the year of investments, the results will be visible in 2-3 years
The year 2022 was full of challenges, in which the Government managed the energy crisis and, at the same time,…
Hungary badly needs Black Sea gas, but Romania needs to clarify its offshore legislation
Hungary is in great need of gas from the Neptune perimeter in the Black Sea, due to its massive dependence…
Verchere: We need stability in the Offshore Law to extract gas from the Black Sea
OMV Petrom needs clarifications related to stability regarding the provisions of the Offshore Law, in order to start gas extraction…
V. Popescu: Romania will become energy independent since 2026
Romania will become independent from an energy point of view starting in 2026, said the Minister of Energy, Virgil Popescu,…
C. Prună: PSD wants to regulate the price of gas and energy production, endangers Neptun Deep
Regulating the price of gas and energy production would endanger the Neptun Deep project, claims Cristina Prună, USR deputy and…
Romgaz has completed the process of acquiring Exxon’s stake in Neptun Deep
On Monday, Romgaz completed the acquisition of Exxon’s stake in the Neptun Deep project in the Black Sea, according to…
Romgaz obtains a 325 mln. euro loan from Raiffeisen for the acquisition of Neptun Deep
Romgaz has signed a financing agreement worth 325 million euro with Raiffeisen Bank, for the partial financing of the acquisition…
Neptune Deep Project is nearing completion
Romgaz’s Board of Directors approved the conclusion of the sale-purchase contract of all shares issued by ExxonMobil Exploration and Production…
Minister: Starting this year, we will have an additional 1 billion cm of gas
Romania will have natural gas from other sources next winter, including from the Black Sea, and starting this year we…
Romgaz approved the takeover of the Neptune Deep perimeter from Exxon
Romgaz’ Board of Directors has approved the 1.06 billion dollars deal to take over the Neptune Deep field from ExxonMobil.…
Romgaz: Neptune Deep deal needs clarifying some issues
The signing of the sale-purchase contract for ExxonMobil Exploration and Production Romania Limited shares has not yet taken place, as…
Franck Neel, OMV Petrom: In the next 10 years we will reposition our portfolio to gas, but we will also have 1 GW of renewables
OMV Petrom’s new strategy for 2030 includes an investment of 11 billion euros, with a strong focus on the energy…
Sources: Romgaz-Exxon deal for the Neptune Deep takeover, approved “without any problems”
Although it was postponed at the first shareholders’ call, which took place yesterday, the transaction by which Romgaz takes over…
Romgaz will complete in the Q1 of 2022 the transaction with Exxon for taking over the Neptun Deep stake
Romgaz will sign the contract with Exxon to take over the 50% stake in Neptun Deep Black Sea gas field…
Romgaz is convening shareholders to approve the $1 bln. deal with Exxon
Romgaz convenes, on December 9 and 10, the Ordinary and Extraordinary General Meetings of Shareholders to approve the transaction regarding…
Dan-Dragoș Drăgan: Romgaz and Exxon deal will be completed this year
The result of the negotiations between Romgaz and Exxon Mobil in order to take over by the largest domestic gas…
President of Romania officially talks about supporting the OMV Petrom – Romgaz partnership in the Neptun Deep project
The President of Romania, Klaus Iohannis, received on Thursday, September 16, 2021, at the Cotroceni Palace, the OMV Group delegation,…
PwC: Black Sea Natural Gas – Investments need to be made now
The subject of natural gas reserves in the Black Sea has been intensely debated in public space over time. The…
Exxon launches U.S. shale gas sale to kick-start stalled divestitures
Exxon Mobil Corp has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to…
Sources: Exxon may remain in the Neptun Deep project with Romgaz
Exxon could remain an active part of the Neptun Deep project, in order to continue collaborating with the most possible…
Verchere: Neptune Deep, 4 years late; we hope that other projects will not suffer in the same way
The Black Sea gas extraction project, Neptun Deep, is four years late, and the Romanian authorities should amend the legislation…