07.18.2023

Oil drilling company Foraj Sonde Videle (FOJE.RO) has signed a framework contract for onshore drilling with OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer, it said in a report to more

04.11.2017

Black Sea Oil & Gas and its co-venture partners announced Tuesday the awarding of a contract for the drilling of two offshore exploration wells located in the XV Midia Shallow Block, Romanian Black 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

06.16.2015

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

12.23.2014

U.S. Weatherford group, an oil and gas industry equipment and service business, might sell one of its companies in Romania, Foserco Targu Ocna, which specializes in onshore drilling. more

12.22.2014

Romanian antitrust authorities have fined oil drilling companies Dafora Medias, Upetrom 1 Mai, Foraj Sonde Craiova and Foraj Sonde Targu-Mures a total of EUR3 million for rigging auctions for drilling 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

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

11.30.2011

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

11.02.2011

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

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

08.25.2011

The costs of development and production on the Neptun oil block in the Black Sea will range between $3 and $10 billion, if exploration is concluded successfully, Thursday said Ian Fischer, head of the more

06.03.2011

France’s Total, US Exxon and Chevron, as well as Russia’s Lukoil are the oil giants that have in the past year set their eyes on Romania, trying to spot potential hydrocarbon reserves both on land more

05.25.2011

Canadian East West Petroleum (EWP), which owns oil drilling rights to four blocks in western Romania, on Wednesday said it has contracted Serbian Naftna Industrija Srbijefor, or NIS, for the more