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Tag Archives: onshore

Romgaz eyes cooperation with SOCAR for the exploitation of Black Sea gas

The representatives of the gas company Romgaz and the Azeri company SOCAR have recently discussed the possibility of cooperation on large projects. Romgaz intends to expand its operations on foreign markets. On the other hand, SOCAR has expressed its interest ...

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Competition Council chief says renewable energy producers, Black sea gas producers may be exempted from the obligation to trade on the stock market

The Competition Council (CC) is ready to accept the exemption of renewable energy producers and the Black Sea gas producers from the regulation on the obligation to trade on the stock market, Bogdan Chiritoiu, CC President, said on Monday during ...

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Draft bill on royalties – on public debate

The Economy Ministry has submitted the new draft bill on royalties for mineral, oil and hidro-mineral resources on public debate. According to the draft, there will be only one legal framework regulating all royalties, hotnews.ro informs. The royalties on oil, ...

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Romania’s biggest onshore natural gas deposit, inaugurated. PM Grindeanu: It ensures the country’s energy independence for 2-3 years

Domestic natural gas producer and supplier, Romgaz, on Friday opened Romania’s biggest onshore natural gas deposit in the last 30 years, Prime Minister Sorin Grindeanu, Energy Minister Toma Petcu and Economy Minister Mihai Tudose, attenting the event, as well as ...

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OMV Petrom Group: Financial results in Q1 impacted by the steep drop on oil prices

The Group’s results were negatively impacted by the decrease in oil prices, partly compensated by efficiency measures implemented across all business segments as well as business integration benefits, a release from the company informs. Total group hydrocarbon production fell by ...

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Romania’s current natural gas deposits, depleted in 15-20 years, Energy Strategy shows. Crude oil, on the same downward trend

Romania’s current gas stock –101.37 billion cubic metres – will be ended in 15-20 years, given the nowadays output, consumption and replacement rate of 80 percent, according to National Energy Strategy forecasts for 2016 – 2020, posted by Ministry of ...

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