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

09.04.2012

Over 1.5 million Romanian tourists vacationed on the local Black Sea coast this summer, 15% more than last year, and spent around EUR270 million, according to the Federation of Employers in Romanian 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

04.26.2012

Romanian mineral resources agency ANRM Thursday declassified a series of gas exploration contracts signed with US giant Chevron, after the latter agreed to make them public. more

03.29.2012

Romanian Minister for European Affairs Leonard Orban said Thursday there are plenty of initiatives and opportunities in the Black Sea region, “but the presence of the European Union is not very more

03.21.2012

Hotel owners on the Romanian Black Sea coast don’t want foreign tourists as they ask for 30% to 50% lower tariffs, better services and employees that speak many languages. 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

03.05.2012

Romanian president Traian Basescu on Monday said that gas drilling in the Black Sea should start in 2015-2017, which is when Romania will gain energy independence. more

02.29.2012

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its latest hydrocarbon discovery in the Black Sea could reduce or altogether eliminate the country’s dependence on gas imports. more

02.22.2012

Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania Wednesday reported a significant gas discovery at their joint Domino-1 deepwater well in the Black more

02.03.2012

Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania have found natural gas in a test drilling at the Domino-1 deepwater well in a joint Black Sea field, more

01.09.2012

Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania, the local unit of US giant ExxonMobil, have started drilling to extract oil from a joint field in more

01.04.2012

Romania's Transport Ministry wants to repair a 8.5 km section of national road DN39 in Constanta County, through an investment worth 55.8 million lei (EUR13 million), including VAT. more

11.18.2011

Romania’s mineral resources administrator ANRM approved the transfer of a 35% stake in two Black Sea oil blocks from Sterling Resources to two firms partnered with the Canadian company. more

11.04.2011

The Black Sea depths are becoming the busiest battleground for the world’s oil giants, which have so far announced plans to spend $2.5 billion to explore this unknown area. Early next year, Romania 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

10.27.2011

Canadian Sterling Resources plans to invest between $500 million and $1 billion in hydrocarbon exploration at Romania’s Black Sea platform over the coming period, the Economy Ministry said Thursday. more

10.24.2011

British energy company Melrose Resources plans to invest around $130 million in deepwater exploration at Romania’s Black Sea platform, after it has secured approval for the project, the UK more