BLACK SEA
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Offshore Bill Modified By MP Committee, Sets Higher Tax Rates For Additional Income
Romanian Lower Chamber MPs modified on Tuesday several provisions of the pending bill which regulates Black Sea offshore exploitations, changing the manner in which investors’ additional inc...
Romgaz, Lukoil Seek to Drill Exploration Well in Black Sea Trident Block
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) and oil company Lukoil want to drill an exploration well in the Trident block in the Black Sea at the end of this year or in the...
Romania Collects A Mere $30M In Royalties A Year For Black Sea Gas
Romania collected 116.4 million lei ($29 million) in royalties for the natural gas drilled in the Black Sea in 2017. About 10% of Romania’s gas production comes from offshore blocks.
Investments In Black Sea Hydrocarbon Sector To Generate Additional $40B To Romania's GDP
Investments in the Black Sea hydrocarbon sector will generate revenue of over $26 billion to the state budget and an additional $40 billion to Romania’s gross domestic product (GDP) until 20...
ZF Power Summit ’18: Reality Is Austria And Hungary Vie Over Black Sea Gas
The Romanian government could collect EUR2.8 billion royalties over twenty years from the natural gas drilled in the Black Sea and natural gas production is expected to double by 2025, when...
Black Sea Oil & Gas Starts Base Engineering Phase on Midia Gas Project
Xodus Group will provide base engineering activities for offshore and onshore exploitation installations for the start of production for the Ana and Doina gas discoveries in the Midia block...
Comanescu, GSP: 2017-2020 Will Be Four Very Busy Years For Black Sea
The Black Sea will most likely become Romania’s busiest site by the end of the decade, as a result the gas reserves found, and Gabriel Comanescu, one of the most important local entrepreneur...
ExxonMobil Ends Year With EUR72M Losses In Romania
ExxonMobil, which signed a deal to explore the deep water sector of the Neptun Block in the Black Sea with OMV Petrom, the only oil and gas producer in Romania in 2008, ended last year with...
Selischi, OMV Petrom: If Black Sea Goes Ahead, It Will Be Romania’s Biggest Energy Project
This year will be a drilling year, 2016 will be a year of analysis and a plan on how to proceed in the Black Sea will not be devised any sooner than 2017-2018, says Gabriel Selischi, the Rom...