04.04.2013

Romanian dominant oil company OMV Petrom (SNP.RO) Thursday said that natural gas output at a deepwater well in the Black Sea developed together with ExxonMobil could reach as much as 6.5 billion cubic 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

03.15.2013

Grup Servicii Petroliere, an offshore drilling company part of the Upetrom group of businessman Gabriel Comanescu, is bidding in what could be the tender of the year to get a contract with ExxonMobil more

02.28.2013

The head of ExxonMobil Exploration & Production Romania Thursday said Romania will be one of its main retail markets for the natural gas extracted from the Black Sea blocks. more

12.17.2012

Romania’s dominant oil and gas group OMV Petrom (SNP.RO) has started its first 3-D seismic campaign in the shallow water sector of Neptun block in the Black Sea, the company said in a statement more

12.13.2012

ExxonMobil, which is conducting the most extensive deepwater exploration campaign in the Black Sea ever together with OMV Petrom (SNP.RO), is expected to buy about $1 billion in equipment and services more

12.07.2012

Household electronic appliances contributed over 44% of sales on Black Friday in Romania, and were followed by IT products (30%) and electronics (24.3%), according to a survey conducted by market more

12.05.2012

Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania have started a large 3-D seismic survey in the Black Sea, Petrom said in a statement Wednesday. more

11.26.2012

eMag, the largest online IT&C retailer, recorded sales of over EUR15 million, similar to those of Altex--the largest electronics, home appliances and IT products retailer on the Romanian market--in more

11.23.2012

Lukoil Overseas, a unit of Russian giant Lukoil, Friday said it has signed a deal with Romania’s state-run natural gas producer Romgaz to reassign an 8% share in two oil blocks in the Romanian more

11.23.2012

The high number of visitors blocked Romanian retailers’ websites on Black Friday, while most online stores have already exhausted their stock. more

11.22.2012

Austrian oil and gas group OMV, the majority shareholder of Romania’s largest company OMV Petrom (SNP.RO), has great expectations from the blocks it prospects in the Black Sea, according to chief more

11.21.2012

Retailers and shoppers in Romania are getting ready for the Black Friday special promotions, at the end of this week, which are expected to generate huge sales due to discounts ranging between 10% and more

11.21.2012

Austrian oil and gas group OMV next year will start drilling for more hydrocarbon resources at an offshore perimeter in the Romanian Black Sea, an official of the company said Wednesday. more

11.21.2012

Romanian electronics retailer Flanco estimates sales of 45 million lei (EUR9.9 million) during its Black Friday sales campaign between November 23 and 25. more

10.19.2012

Sterling Resources, an oil and gas company operating in the Black Sea, Friday said it has signed a sale and purchase agreement with ExxonMobil Exploration and Production Romania and OMV Petrom more

10.07.2012

Gas extraction in the Romanian sector of the Black Sea is likely to start towards the end of the decade and the gas deposit might eliminate the country’s dependence on gas imports, Mariana Gheorghe, more

10.05.2012

Canadian Sterling Resources Friday said it has started drilling operations at its Ioana-1 deepwater well in the Romanian Black Sea. more

10.04.2012

ExxonMobil Exploration and Production Romania, the local unit of US giant ExxonMobil, plans to invest up to $1.23 billion over the next two years in drilling works at a Black Sea offshore perimeter more

10.04.2012

New wells are being dug by the world’s major oil players, but the first signal came from Romanian field Neptun, where Petrom and US ExxonMobil have already found a gas accumulation worth EUR17 more

09.17.2012

Lukoil Overseas, a unit of Russian giant Lukoil, has started seismic operations at two oil blocks in the Romanian sector of the Black Sea, the Russian group said in a statement Monday. more

09.10.2012

The official occupancy rate in Romanian boarding houses is 10.4%, while unofficial figures, reported by employers in the tourism sectors, are double, Cristian Barhalescu, secretary of state with the more

08.15.2012

Ukraine has selected a consortium formed of ExxonMobil, Shell, Romania’s OMV Petrom (SNP.RO) and Nadra Ukrainy national joint-stock company for hydrocarbon exploration in the Skifska field on the more

05.31.2012

Canadian Sterling Resources Thursday said its Romanian subsidiary Midia Resources has signed a drilling agreement with local oil and gas service company Grup Servicii Petroliere (GSP) for two offshore more

05.18.2012

Jeffrey Notaro, a trader who worked on Wall Street for 18 years, where he traded both bonds and futures contracts, set up investment fund Black Sea Agriculture seven years ago, together with a partner more