OIL DRILLING
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Foraj Sonde Videle Prepares To Buy Transgex Oradea’s Oil Drilling Operation
Foraj Sonde Videle (FOJE.RO) is preparing to acquire Transgex Oradea’s (TRNG.RO) oil drilling operation for EUR9.5 million, according to a draft contract reviewed by ZF.
Antitrust Watchdog Slaps Several Oil Drilling Companies With EUR3M Fine
Romanian antitrust authorities have fined oil drilling companies Dafora Medias, Upetrom 1 Mai, Foraj Sonde Craiova and Foraj Sonde Targu-Mures a total of EUR3 million for rigging auctions fo...
Upetrom Renounces Plans To Focus On Production Of Wind Turbine Parts
Romanian businessman Gabriel Comanescu, owner of the Upetrom group, has renounced plans to focus on the production of parts for wind turbines at the Upetrom 1 Mai plant in Ploiesti, which wi...
Rompetrol Group Starts Oil Drilling Operations For Petrom
Romanian oil group Rompetrol on Wednesday announced it has started drilling operations, for the first time in Romania, following an investment of $8.5 million.
Government OKs Drilling Deal With Moesia Oil And Gas
The government approved a new exploration, development and drilling agreement between local mineral resources manager ANRM and Irish Moesia Oil and Gas, for a block spanning over some 1,000...
Romania Amends Law To Ease Exploration Of Black Sea Blocks
Romania’s government will allow the companies drilling and prospecting underwater on the continental plateau to work without a construction authorization, in a decision that’s relevant for e...
Gazprom Neft's Serbian Unit To Drill Oil Blocks In W Romania
Canadian East West Petroleum (EWP), which owns oil drilling rights to four blocks in western Romania, on Wednesday said it has contracted Serbian Naftna Industrija Srbijefor, or NIS, for the...
Grup Servicii Petroliere Inks Drilling Contract With Mexican Pemex
Romanian Grup Servicii Petroliere, or GSP, on Wednesday announced it has concluded a contract with Mexico leading oilers Pemex, for oil drilling works in Mexico.