Romania: Romgaz Expects to Wrap Exxon Deal in Q1 2022

Romanian Flag - Credit: MoiraM/AdobeStock
Romanian Flag - Credit: MoiraM/AdobeStock

Romanian gas producer Romgaz has estimated it will finalize the acquisition of a 50% stake in a Black Sea offshore gas project from Exxon Mobil in the first quarter of next year, its manager Aristotel Jude said on Wednesday.

Romgaz will ask shareholders to approve the deal at a meeting on Dec. 9. The company could pay up to $1.07 billion to Exxon.  

The other half of the long-delayed Neptun Deep offshore project is owned by Romanian OMV Petrom, majority-controlled by Austria's OMV.

(Reporting by Luiza Ilie)

Current News

Japan Could Be Energy-independent by 2060

Japan Could Be Energy-independ

Solstad Offshore’s Two CSVs Remain on Duty for Subsea7

Solstad Offshore’s Two CSVs Re

Dana Petroleum Hires Subsea7 for North Sea Field Job

Dana Petroleum Hires Subsea7 f

SLB and Aker Carbon Capture Launch Joint CCS Venture

SLB and Aker Carbon Capture La

Subscribe for OE Digital E‑News

Offshore Engineer Magazine