Romanian oil and gas company Romgaz has filed a takeover offer for ExxonMobil's Romanian subsidiary holding a share in an offshore block in the Black Sea.ExxonMobil Exploration and Production Romania Limited holds a 50 percent stake in the XIX Neptun Deep Block in the Black Sea…
Norway's $1.3 trillion wealth fund, the world's largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday…
Romania-based Black Sea Oil & Gas (BSOG) will begin extracting natural gas from its $600 million offshore Romanian project in November, its chief executive said on Tuesday, but added further progress hinged on scrapping a disputed tax.The additional…
Two people died and ten were rescued after the Russian cargo ship Volgo Balt 179 sank in the Black Sea off Romania early morning on Thursday, according to reports from Romania.Romanian offshore services company GSP Offshore said that its GSP…
Romanian oil and gas company OMV Petrom has signed the production sharing contract for the offshore Block II in the exclusive economic zone of the Georgian Black Sea.OMV Petrom won in June 2020 the international tender organized by the Ministry…
Bulgartransgaz, the operator of the national natural gas transmission network of Bulgaria, has officially taken a 20% share in Greek company Gastrade that is developing an LNG floating storage and regasification unit (FSRU) offshore Alexandroupolis…
Romanian oil and gas firm OMV Petrom said Monday it had started drilling two new development wells in the shallow waters of the Istria block, in the Black Sea.The first drilling operations started at the end of December 2020 and the drilling…
Russian energy giant Gazprom said on Friday it had begun delivering natural gas to Serbia and Bosnia through the TurkStream pipeline and a new route crossing Turkey and Bulgaria.The gas supplies destined to Serbia and Bosnia first reach Turkey via the TurkStream pipeline…
Dutch offshore contractor Van Oord has ordered a 'green' cable-laying vessel from the Norwegian shipbuilder Vard. The ship will be built in Tulcea, Romania and Brattvaag, Norway for scheduled delivery in 2023.The vessel, equipped with the latest sustainable technologies…
Norwegian offshore vessel operator Solstad Offshore has won a charter deal for the construction support vessel Normand Maximus.Solstad, which recently saw the long-term contract for the vessel terminated by Saipem four years earlier than planned…
Trans Global Projects Group (TGP) has said it has completed the delivery of an 'oversized' oil derrick to the Caspian region. Under a contract with an unnamed oilfield equipment provider, TGP was in charge of transporting the oil derrick from Constanta…
Dutch marine services and towage company KOTUG said it has been awarded a long-term contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) to provide offshore terminal towage support for operations in Guyana…
Italian oilfield services company Saipem has terminated the charter party for Solstad Offshore's Normand Maximus offshore construction vessel four years early.Norwegian offshore vessel owner Solstad said Friday that Normand Maximus Operations Ltd…
Romania's OMV Petrom has acquired a 100% of the shares in OMV Offshore Bulgaria OMV, and entered the Han-Asparuh exploration block in Bulgaria.Following Spanish Repsol's exit, the Bulgarian regulator approved the allocation of Repsol's 30% participating interest to the remaining two partners…
'Our Fatih drillship discovered 320 billion cubic meters of natural gas reserves, thanks to the drilling in the Tuna-1 well [...]. There is no stopping and resting for us until we become a net exporter in energy,' the Turkish president Recep Tayyip Erdogan tweeted on Friday…
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