05.15.2023

The Politehnica University of Bucharest and nuclear power producer Nuclearelectrica (SNN.RO) have announced the opening of the first NuScale Power Energy Exploration Center (E2 Center), in support of more

10.07.2022

Romanian natural gas producer and supplier Romgaz (SNG.RO) on Friday announced the completion of the procedures to change the name of ExxonMobil Exploration and Production Romania Limited to ROMGAZ more

08.31.2020

OMV Petrom (SNP.RO), the largest energy company in Southeastern Europe, said Monday it has completed the transaction for the acquisition of 100% of the shares in OMV Offshore Bulgaria GmbH from OMV more

12.17.2019

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07.20.2016

ExxonMobil, which signed a deal to explore the deep water sector of the Neptun Block in the Black Sea with OMV Petrom, the only oil and gas producer in Romania in 2008, ended last year with about 321 more

06.16.2015

Romgaz (SNG.RO) might expand into oil drilling, after spending more than a hundred years drilling for natural gas only, if the first exploration wells confirm the estimates about the oil deposits in more

06.10.2015

This year will be a drilling year, 2016 will be a year of analysis and a plan on how to proceed in the Black Sea will not be devised any sooner than 2017-2018, says Gabriel Selischi, the Romanian put more

05.29.2015

OMV Petrom, the only oil and gas producer in Romania, and its partner, US ExxonMobil, have reached five exploration wells in the Black Sea, some completed and others in progress. Each such well more

04.29.2015

State-run Romgaz (SNG.RO), the largest local gas producer, says it will step up exploration efforts to identify new gas deposits, so it will drill 40 exploration wells this year, double as many as in more

04.01.2015

Lukoil Overseas, the international exploration and production division of Russia’s oil group Lukoil, says it plans to spud two new wells in the Trident offshore block, one of the two it leases in more

03.30.2015

Romania’s largest natural gas producer Romgaz (SNG.RO) Monday announced two new onshore gas discoveries, which account for 3% of its daily production. more

01.07.2015

Shell and Turkish Petroleum will start exploration activities in January in the western Black Sea, near the area where Exxon and OMV made a considerable gas discovery in 2012. more

01.06.2015

Lukoil Overseas, the international exploration and production unit of the Russian oil group Lukoil, will soon complete the drilling of its first exploration well in the Est Rapsodia offshore block. more

10.27.2014

ExxonMobil and OMV Petrom (SNP.RO) Monday said they are drilling an exploration well on a new prospect about 155 kilometers offshore in the Romanian sector of the Black Sea. more

08.27.2014

The first half of this year was horrendous, says Gehrig Schultz, general manager of geological exploration company Prospectiuni Bucuresti (PRSN.RO), and chances are slim for the company to meet its more

07.30.2014

OMV Petrom (SNP.RO), the only local oil and gas producer, will step up exploration efforts to discover new oil and gas reserves. To that end it has completed a EUR0.5 million investment in a 3D more

06.05.2014

The Black Sea depths have ‘swallowed’ more than $1.3 billion since the beginning of exploration works carried out by ExxonMobil in partnership with Romania’s largest company OMV Petrom (SNP.RO) more

05.01.2014

Romanian natural gas producer Romgaz Medias (SNG.RO) has planned over 1.1 billion lei (EUR247 million) investment for this year, 30% more than in 2013 after speeding up exploration to uncover new gas more

01.20.2014

MOL Romania, the fourth largest oil company in the country, has opened three new gas stations since the start of 2014 and says it will continue expansion so as to reach 15% market share on the more

12.04.2013

Australian company ADX Energy might invest up to EUR50 million in hydrocarbon exploration in Romania and will participate in the auctions the country’s National Mineral Resources Agency (ANRM) will more

12.02.2013

U.S. energy corporation Chevron on Monday resumed shale gas exploration at its field in Silistea-Pungesti area, northeastern Romania, the company said in a statement. more

11.06.2013

Romania’s mineral resources authority ANRM will organize an auction in the first half of 2014 to lease 36 new onshore and offshore hydrocarbon blocks, ANRM adviser Irina Zamfir said Wednesday at a more

10.21.2013

U.S. energy giant Chevron will resume shale gas exploration in Pungesti commune, eastern Romania, when it is clear to everybody that the methods used by the company are the best, Chevron manager Tom more

04.04.2013

Romgaz, Romania’s largest natural gas producer, has to expand its operations in the Black Sea by getting involved in new exploration lease deals, the country’s energy minister Constantin Nita said more

03.14.2013

Grup Servicii Petroliere, part of Upetrom group owned by businessman Gabriel Comanescu, won a new contract with Gazprom, the world’s largest natural gas producer, for oil exploration in the frozen more