OFFSHORE
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Romania’s New Offshore Law Reaches Parliament
Romania’s new offshore law has been submitted to the Parliament on Friday, Energy Minister Virgil Popescu said.
Comanescu, GSP: We Hope to End 2019 with $300M Revenue
Grup Servicii Petroliere (GSP), the offshore drilling company of Constanta businessman Gabriel Comanescu, has contracts signed for all the major projects in the Black Sea and hopes to end th...
OMV Petrom Starts Production From New Offshore Oil Well
Romania's largest oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, said in a press statement on Thursday that it started production from a new offshore well LVO7, drille...
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...
Grup Servicii Petroliere To Double Offshore Rig Fleet
Gabriel Comanescu, the businessman who controls offshore drilling company Grup Servicii Petroliere (GSP), say he wants to double his offshore rig fleet from the current six units and add two...
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...
Black Gold Rush On Black Sea
The success rate for deep hydrocarbon exploration is 10%-20%; the rest is risk in the billions of euros. This year, two international giants and Romania's largest oil and gas producer OMV Pe...
Grup Servicii Petroliere Expands Fleet
Businessman Gabriel Comanescu, owner of the most powerful domestic business in the hydrocarbon drilling industry, took another step in developing Grup Servicii Petroliere (GSP), the jewel of...