11.16.2023

Turbulent times in the offshore wind sector could change the way large-scale energy projects are built and funded in the future, according to the latest EY Renewable Energy Country Attractiveness more

09.02.2023

Rompetrol Rafinare (RRC.RO) said in a stock market report on Friday (Sept 1) that Midia Marine Terminal, member company of the KMG International Group, has successfully completed the turnaround of the more

08.07.2023

Midia Marine Terminal (MMT), a member company of the KMG International Group, said in a stock market report on Monday (August 8) that it started the overhaul works at the marine terminal located 8.6 more

06.20.2023

GSP Offshore, a company controlled by businessman Gabriel Comanescu, ended last year with RON697 million revenue, down by about 12% compared with 2021, and RON16.4 million net profit, according to the more

04.15.2022

Romania’s new offshore law has been submitted to the Parliament on Friday, Energy Minister Virgil Popescu said. more

05.10.2021

The energy sector requires investments of EUR70 billion over the next decade, of which EUR13 billion in offshore gas projects in the Black Sea, Eric Stab, president and CEO of ENGIE Romania said more

03.10.2021

OMV Petrom, the largest energy company in South-Eastern Europe, said Wednesday it has signed a production sharing contract for the offshore Block II in the exclusive economic zone of Georgian Black more

01.18.2021

OMV Petrom, the largest energy company in Southeastern Europe, initiated a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. The first drilling operations 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

06.29.2020

OMV Petrom, the largest energy company in South-Eastern Europe, has won an international open bid for the Black Sea block II license in Georgia, covering some 5,282 square km, the company confirmed more

06.19.2020

GSP Offshore, the offshore drilling company of Constanta businessman Gabriel Comanescu, reported a turnover of RON771 million in 2019, up 170% compared with 2018, finance ministry data showed. more

02.04.2020

Italy's Directa Plus, a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, said its subsidiary Setcar in Romania has signed a contract more

10.28.2019

Grup Servicii Petroliere (GSP), the offshore drilling company of Constanta businessman Gabriel Comanescu, has contracts signed for all the major projects in the Black Sea and hopes to end the year more

08.19.2019

Romania's antitrust body has cleared a transaction allowing oil and gas company OMV Petrom to outsource certain maintenance, harbor operations and other related services to GSP Offshore along with the more

07.31.2019

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02.20.2019

Romania's tax decree could be scrapped completely by 2021 when Black Sea Oil & Gas is set to start extracting gas from the Black Sea in a $400 million investment, CEO Mark Beacom said Wednesday at ZF more

11.23.2018

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10.02.2018

Romanian Lower Chamber MPs modified on Tuesday several provisions of the pending bill which regulates Black Sea offshore exploitations, changing the manner in which investors’ additional income is more

09.25.2018

Romania’s Senate passed again on Monday a bill regulating offshore gas exploitations in the Black Sea, in the form amended earlier in the day by an energy and economic committee, following a more

10.05.2015

Mining royalties will increase but offshore oil royalties could decrease because such activities require large investments, Energy Minister Andrei Gerea stated Monday. more

08.28.2015

Grup Servicii Petroliere (GSP), the flagship company of the Upetrom group of Constanta businessman Gabriel Comanescu, returned to profit in 2014 from 163 million lei (EUR37 million) loss in 2013. more

06.29.2014

Grup Servicii Petroliere, the flagship company of the Upetrom group of Constanta businessman Gabriel Comanescu, is consolidating its position in Mexico, where it sent three offshore drilling rigs to more

12.27.2013

Offshore drilling company Grup Servicii Petroliere (GSP), part of GSP group owned by businessman Gabriel Comanescu, will drill for oil in the Pechora Sea (northern Russia), between 2014 and 2015, for more

10.14.2013

Gabriel Comanescu, the businessman who controls offshore drilling company Grup Servicii Petroliere (GSP), say he wants to double his offshore rig fleet from the current six units and add two vessels, more

10.28.2011

ExxonMobil hopes that along with Petrom, Romania’s largest company, it will join the exclusive club of prospectors of the sea depths, through their operations in the Neptun block in the Black Sea. more