BLACK SEA
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Petrom: Romania May Break Free From Dependence Of Natural Gas Imports
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...
OMV Petrom, ExxonMobil Find Significant Gas Discovery In Black Sea Block
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 t...
OMV Petrom, ExxonMobil Announce Hydrocarbon Discovery In Black Sea Well
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...
OMV Petrom, ExxonMobil Start Drilling For Black Sea Oil
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...
Romania To Award EUR13M Contract For Road Repairs In Constanta County
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.
Romania Allows Sterling Resources To Share Stake In Black Sea Blocks
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.
Black Sea Depths To Claim $2.5 Billion For Exploration Alone
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,...
Battle Starts Over Romania’s Resources
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 Blac...
Sterling Resources To Invest Up To $1B In Black Sea Blocks
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 T...