OIL
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Prospectiuni To Start Oil, Natural Gas Prospecting In Timis This Week
Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO) Wednesday will start prospecting for oil and natural gas in 13 localities in Timis county, western Romania, and expects to fi...
Romania To Renegotiate Oil And Gas Royalties
The level of oil and natural gas royalties to the state budget is not sufficient and will be renegotiated at the end of next year, said Gheorghe Dutu, president of the National Mineral Resou...
Romania To Auction 36 Licenses For Onshore, Offshore Oil Blocks
Romania’s National Mineral Resources Agency (ANRM) says it will hold a new auction for exploration, development and drilling licenses for about 28 onshore and 8 offshore oil blocks in the Bl...
Romania Fares Well In EU Energy Production Rankings, But Has No Strategy
Romania features high in the rankings of energy production in the European Union -- it is number 5 in terms of oil and gas production and boasts major growth prospects given the recent Black...
Romania To Renegotiate Oil, Gas Royalties Next Year
The ten-year contract between oil and gas company OMV Petrom (SNP.RO) and the Romanian state on royalties expires in 2014 and the question is what the new royalties will be, after the renego...
Grup Servicii Petroliere To Drill For Oil In Greek Waters
Grup Servicii Petroliere (GSP), the offshore drilling company of Upetrom group owned by businessman Gabriel Comanescu, won a contract to drill four wells for Greece’s Energean Oil&Gas.
Conpet Can Become Regional Champion, General Manager Says
The management of Romania’s oil transmission system operator Conpet Ploiesti (COTE.RO) says the priority for the next few years is to identify and capitalize on infrastructure projects that...
Oil Price Spike Expected To Impact Romanian Consumers - Analysts
Romanian fuel prices could spike in the near term following the recent increase in international oil prices amid reports of a potential U.S.-led military strike in Syria, ING Bank analysts s...
Romania Lost Most Refineries In Europe In 2007-2012
No other European country has experienced such an extensive refinery closing process as Romania, which lost seven oil-processing facilities in 2007-2012. The last in the line of seven closur...