BLACK SEA
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OMV Petrom Discovers Oil Deposit In The Black Sea
Romania’s largest oil and gas company OMV Petrom (SNP.RO) Wednesday said the Marina 1 exploration well identified a new oil reservoir on the continental shelf of the Black Sea.
Black Sea Depths Engulfed $1.3B Since Start Of Exploration Works By ExxonMobil And Petrom
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....
Black Sea And IPOs, Main Opportunities Of Energy Sector In 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 effic...
ExxonMobil Expects Black Sea Investment To Double To $1B Before Commercial Operations
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 de...
Sterling Resources Plans To Halve Interests In Black Sea Licenses
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.
OMV Petrom To Start Work On Second Black Sea Well
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 ye...
Sterling Resources To Trim Holdings Off Romania
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.
Romgaz To Drill Wells In Two Black Sea Oil Blocks In 2014
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...
Romania To Auction 36 Licenses For Onshore, Offshore Oil Blocks
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 Bl...