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04.09.2014 Romania Anticipates EUR 4-5 bln Investments from Petrom and Exxon

Romania’s top oil and gas group Petrom and U.S. major ExxonMobil will need to invest USD 4-5 billion to extract gas from a Black Sea field, provided additional data confirms their find, President Traian Basescu said on Wednesday, writes Reuters.

28.08.2014 Moldovan PM: Pipeline from Romania Means Independence

Moldovan Prime Minister Iurie Leanca and Romania’s Victor Ponta innaugurated the new natural-gas pipeline link with Romania on Wednesday at Ungheni.

11.06.2014 Zeta Petroleum pulls out of Romanian deal

Zeta Petroleum plc, the ASX listed oil and gas exploration and production company, announces an update in relation to the proposed acquisition of an interest in an oil concession in Romania, further details of which were originally announced on 22 July 2013.

15.05.2014 Romania to Strengthen Royalties Payments for Oil and Gas Operations

Romania’s upstream oil and gas industry currently benefits from an attractive fiscal regime; however, significant changes are expected in the medium term as royalty-stability agreements and temporary taxes expire, says a new report from research

18.04.2014 Azerbaijani SOCAR wants to expand in Romania

Azerbaijan's state energy company SOCAR has great potential to expand its activities in Romania, Azerbaijan's Energy Minister Natig Aliyev said during a meeting with newly appointed Romanian Economy Minister Constantin Nita, Azernews reported on April 17.

17.04.2014 Romania builds section of gas pipeline to Moldova

Romania has finished the construction of its section of the long-distance Yassy-Ungeny gas pipeline that will connect its gas transportation system to Moldova, Gheorge Dutsu, president of the National Agency for Mineral Resources, told journalists on April 16, ITAR-TASS

17.04.2014 Azerbaijan’s SOFAZ invests over 50mn euros in Romania

Azerbaijan's state energy company SOCAR has international experience in implementation of large-scale projects which can contribute to achieving common European targets in the energy field, SOCAR Head Rovnag Abdullayev said during his visit to Romania which took place on

09.04.2014 Chevron to start exploration of shale gas at Romanian field soon

Officials of US company Chevron said the company would start the effective exploration of share gas deposits in Vaslui-based region at Pungesti within two weeks, Romania’s The Diplomat reported on April 8. The drilling process will take three months.

24.03.2014 Austria’s OMV eyes potential Black Sea deposits

Significant amounts of natural gas could be extracted from Bulgaria's Khan Asparuh deep-water block, OMV believes, Novinite.com reported on March 21.

20.03.2014 Romania to auction off 26% stake in oil refinery this summer

Romania will auction in the summer a stake of 26% in oil refinery Rompetrol Rafinare with the starting price of $200 million, a government official said on March 19, Balkans.com reported on March 20.