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

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

06.04.2014

Romania’s natural gas transmission system operator Transgaz Medias (TGN.RO) must upgrade its pipeline network to be able to carry the gas extracted from the Black Sea blocks, OMV Petrom chief more

04.15.2014

Oil exploration in the Black Sea, energy sector initial public offerings, the most certain of which currently is Electrica’s, after Hidroelectrica’s relapse into insolvency, and energy efficiency more

02.25.2014

ExxonMobil Exploration and Production Romania invested so far $500 million in its Black Sea block run jointly with OMV Petrom and expects the figure will double before the parties reach a decision more

01.10.2014

Canadian Sterling Resources plans to sell up to half of its equity interests in the Romanian Black Sea licenses, the company’s vice-president for Romania, Mark Beacom, told Mediafax. more

11.25.2013

OMV Petrom (SNP.RO), the largest company in Romania, will drill a second deep-water exploration well in the Romanian section of the Black Sea towards the end of the second quarter of next year. While more

11.21.2013

Canadian Sterling Resources plans to reduce holdings in all of its Romanian Black Sea licenses during 2014, the company said in its quarterly financial report Thursday. 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

10.10.2013

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

10.01.2013

Romania plans to start exploring for gas in the Black Sea to increase its energy reserve, minister delegate for Energy Constantin Nita said Tuesday. more

08.19.2013

Metallurgical industry electrodes maker Elsid SA based in Titu, southern Romania, has started to develop a 24MW wind farm in Corbu, on the Black Sea Coast. more

08.19.2013

Mariana Gheorghe, CEO of Romania’s largest oil company OMV Petrom (SNP.RO), said Petrom and US ExxonMobil, its partner for deepwater Black Sea exploration, set off talks with Transgaz to analyze the more

04.29.2013

A joint venture possibly between oil-company OMV Petrom (SNP.RO), U.S. giant ExxonMobil and natural gas transporter Transgaz (TGN.RO) might build a pipeline to bring onshore the natural gas Romania more

04.25.2013

There are “good prospects” in the natural gas reserves potentially available in the Black Sea, the Romanian state-run natural gas transporter Transgaz Medias (TGN.RO) said Thursday. more

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

12.05.2012

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

11.23.2012

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

11.22.2012

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

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