EXPLORATION
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ExxonMobil and OMV Petrom Explore New Prospect Offshore Romania
ExxonMobil and OMV Petrom (SNP.RO) Monday said they are drilling an exploration well on a new prospect about 155 kilometers offshore in the Romanian sector of the Black Sea.
OMV Petrom Opens 3D Visualization Center
OMV Petrom (SNP.RO), the only local oil and gas producer, will step up exploration efforts to discover new oil and gas reserves. To that end it has completed a EUR0.5 million investment in a...
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....
Romgaz Plans To Invest RON1.1B In 2014
Romanian natural gas producer Romgaz Medias (SNG.RO) has planned over 1.1 billion lei (EUR247 million) investment for this year, 30% more than in 2013 after speeding up exploration to uncove...
MOL Romania To Continue Expansion Even If Market Stays Flat In 2014
MOL Romania, the fourth largest oil company in the country, has opened three new gas stations since the start of 2014 and says it will continue expansion so as to reach 15% market share on t...
ADX Energy Might Invest EUR50M In Hydrocarbon Exploration In Romania
Australian company ADX Energy might invest up to EUR50 million in hydrocarbon exploration in Romania and will participate in the auctions the country’s National Mineral Resources Agency (ANR...
ANRM To Auction 36 Licenses For Hydrocarbon Blocks In 1H/2014
Romania’s mineral resources authority ANRM will organize an auction in the first half of 2014 to lease 36 new onshore and offshore hydrocarbon blocks, ANRM adviser Irina Zamfir said Wednesda...
Chevron To Resume Shale Gas Exploration In Romania Once Doubts Concerning Methods Eliminated
U.S. energy giant Chevron will resume shale gas exploration in Pungesti commune, eastern Romania, when it is clear to everybody that the methods used by the company are the best, Chevron man...
Romgaz Needs To Expand Operations In Black Sea - Energy Minister
Romgaz, Romania’s largest natural gas producer, has to expand its operations in the Black Sea by getting involved in new exploration lease deals, the country’s energy minister Constantin Nit...