BLACK SEA
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ExxonMobil To Invest $1.2B In Oil Drilling At Romanian Black Sea Block
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 pe...
How Much Romania Will Make From The EUR17B Gas Reserves Found In The Black Sea
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 EUR...
Lukoil Starts 3D Seismic Surveys On Romanian Black Sea Blocks
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.
Petrom, Part Of Consortium Picked By Ukraine For Black Sea Exploration
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 o...
Sterling Resources, GSP Sign Drilling Agreement For Two Black Sea Wells
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 tw...
US Trader Goes From Wall-Street Investments To Buying Farmland In Romania And Bulgaria
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...
Orban: EU Presence In Black Sea Region Feeble, Fisheries Program Needs More Money
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 v...
Hotel Owners Don’t Want Foreign Tourists Because They Are Fastidious, Demand Lower Tariffs
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.
Basescu: Black Sea Find Means Romania Is Looking At Energy Independence
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.