05.21.2014

Romania’s leading oil company OMV Petrom (SNP.RO) plans to award drilling contracts worth between EUR13 million and EUR205.5 million at an auction scheduled for July 15. more

01.08.2014

Irish-registered oil&gas company Petroceltic plans to drill up to three wells offshore Romania in 2014, with a total investment budget of $27 million, according to a company announcement. more

11.19.2013

Romania’s natural gas producer Romgaz (SNG.RO) will start exploration drilling next year in two Black Sea oil blocks in a project where it partners up with a firm controlled by Russian giant Lukoil, more

10.25.2013

Hunt Oil Company of Romania, a unit of Texas-based oil group Hunt Oil, plans to purchase drilling services at its field in Adjud of up to 25 million (EUR5.6 million), the company said in a statement more

10.13.2013

Romanian businessman Gabriel Comanescu, owner of the Upetrom group, has renounced plans to focus on the production of parts for wind turbines at the Upetrom 1 Mai plant in Ploiesti, which will stick more

10.10.2013

Romania’s National Mineral Resources Agency (ANRM) says it will hold a new auction for exploration, development and drilling licenses for about 28 onshore and 8 offshore oil blocks in the Black Sea more

10.08.2013

Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, will take over the group’s entire oil and natural gas extraction activity in Romania and Libya. more

06.25.2013

ExxonMobil Exploration and Production Romania and oil company OMV Petrom (SNP.RO) completed a large 3D seismic survey in the Black Sea covering over 6,000 square kilometers in the deepwater area of more

03.20.2013

U.S. oil group Chevron said that if Romania wants to start shale gas drilling, now is the time to do it because exploration work alone takes five years. No European country is currently producing 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

11.28.2012

The biggest of the 9,000 wells that OMV Petrom (SNP.RO) drills in 240 commercial oil and gas fields can be found in the Black Sea, an area that already generates 20% of the company’s hydrocarbon 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

07.31.2012

Romania's second largest oil group Rompetrol will start drilling a well in the southeastern region of Foscani, in a geological prospecting investment of $27.5 million ($10 million in 2012 and $17.5 more

04.29.2012

US oil group Chevron is allowed for a 30-year period to explore, develop and drill for shale gas on three Black Sea blocks, according to the agreements sealed between the Romanian state and Chevron, more

03.09.2012

Romanian Grup Servicii Petroliere (GSP) signed two contracts with Dutch Wintershall Noordzee, for drilling in the North Sea and a pipelay deal, the company said Friday in a news release. more

12.12.2011

Oil group Rompetrol on Monday announced it plans to resume oil drilling in Libya in the first quarter of 2012, since the political situation seems to have stabilized. more

11.30.2011

Romanian oil group Rompetrol on Wednesday announced it has started drilling operations, for the first time in Romania, following an investment of $8.5 million. more

11.22.2011

Romania’s second largest oil group Rompetrol is drilling two exploratory wells in the northwestern region of Satu Mare, in a total investment estimated at over $5 million, the company said in a more

11.02.2011

The government approved a new exploration, development and drilling agreement between local mineral resources manager ANRM and Irish Moesia Oil and Gas, for a block spanning over some 1,000 square 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

10.13.2011

The success rate for deep hydrocarbon exploration is 10%-20%; the rest is risk in the billions of euros. This year, two international giants and Romania's largest oil and gas producer OMV Petrom more

10.12.2011

Romania’s government will allow the companies drilling and prospecting underwater on the continental plateau to work without a construction authorization, in a decision that’s relevant for more

10.04.2011

Oil company Zeta Petroleum on Tuesday said it intends to float stock in March 2012 on the Australian Stock Exchange, and to draw AU$15 million (EUR21 million) for drilling operations on the Bobocu more

09.06.2011

ExxonMobil Exploration and Production Romania will pay between $0.4 million and $1.2 million for drilling services in the offshore Black Sea perimeter it has been exploring together with OMV Petrom more

08.31.2011

Businessman Gabriel Comanescu, owner of the most powerful domestic business in the hydrocarbon drilling industry, took another step in developing Grup Servicii Petroliere (GSP), the jewel of the more