DRILLING
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Gas Stations Generate More Revenue Than Drilling For OMV Petrom
OMV Petrom, the largest oil and gas group in Romania, went through a profound change of revenue structure last year, when its gas stations became the main revenue and profit generator, while...
OMV Petrom Auctions Drilling Contract
OMV Petrom (SNP.RO) is auctioning a drilling contract worth up to $121 million, to dig out the oil and gas reserves buried deepest underground.
Grup Servicii Petroliere Returned To Profit In 2014
Grup Servicii Petroliere (GSP), the flagship company of the Upetrom group of Constanta businessman Gabriel Comanescu, returned to profit in 2014 from 163 million lei (EUR37 million) loss in...
Romgaz Looking For Oil In Slovakia
Romgaz (SNG.RO) might expand into oil drilling, after spending more than a hundred years drilling for natural gas only, if the first exploration wells confirm the estimates about the oil dep...
Romgaz To Step Up Exploration Efforts In 2015
State-run Romgaz (SNG.RO), the largest local gas producer, says it will step up exploration efforts to identify new gas deposits, so it will drill 40 exploration wells this year, double as m...
Lukoil To Spend At Least Another $200M On Black Sea Exploration Drilling in 2015
Lukoil Overseas, the international exploration and production division of Russia’s oil group Lukoil, says it plans to spud two new wells in the Trident offshore block, one of the two it leas...
Lukoil To Finish Drilling First Exploration Well In Romanian Black Sea Sector Soon
Lukoil Overseas, the international exploration and production unit of the Russian oil group Lukoil, will soon complete the drilling of its first exploration well in the Est Rapsodia offshore...
Weatherford Might Sell One Of Its Companies In Romania
U.S. Weatherford group, an oil and gas industry equipment and service business, might sell one of its companies in Romania, Foserco Targu Ocna, which specializes in onshore drilling.
Gazprom's NIS Petrol To Start Drilling For Romanian Oil ‘Soon’
Serbian oil company NIS Petrol, a unit of Russia’s Gazprom, will “soon” commence drilling operations at its onshore concessions in Timis county, western Romania, the company said Wednesday.