Black Sea

The largest onshore natural gas field in Europe “sleeps” in Romania. The Ministry of Energy shows how incompetent it is in energy policy

By rbj In the context of the European energy crisis, caused in particular by the invasion of Ukraine by the Russian Federation, the way each government manages its resources and harnesses its own potential is a measure of its ability...

Petrom launched a new offshore drilling campaign in the Black Sea

By Jerom Bolt OMV Petrom, the largest energy company in Southeast Europe, has launched a new offshore drilling campaign in shallow waters in the Black Sea, on the Istria perimeter, the company announced on Monday. The first drilling operations started at...

Turkey’s “gas” is making foamy waves in Romania

By Constantin Radut A discovery of natural gas in the Black Sea, announced by Turkey, about three days ago, is making waves in specialized media in Romania. The gas reserve that gas i boasts of discovering in the Black Sea, at...

Romgaz will invest heavily in offshore partnerships in the Black Sea and in renewable energy

By Jerom Bolt The state-owned company Romgaz, one of the two largest gas producers in Romania, has planned investments of 15.69 billion lei by 2025, mostly in partnerships on offshore projects in the Black Sea, writes News.ro. The 2020-2025 development strategy...

BSOG has officially announced the start of the gas extraction from the Romanian Black Sea perimeter in Q1 2021

By Edwig Ban Black Sea Oil and Gas, the only company to make the final investment decision to exploit the Black Sea reserves, maintains its goal of bringing the first gases to shore in 2021. The first gas extraction from the...

Romgaz could take over Exxon’s participation in the Neptun project in the Black Sea

By Edwin Ban The Romanian company Romgaz should consider the opportunity to take over ExxonMobil's participation in the Neptun project in the Black Sea, in case the Americans withdraw, the Minister of Economy, Energy and Business Environment, Virgil Popescu, said...

Lukoil begins the drilling in the Romanian Black Sea for the gas fields

By Edwig Ban After achievement permission from the Romanian authorities, Lukoil, the third investor interested in the Black Sea gas, will start drilling this autumn and will be carried out by a platform of the Italian company Saipem. Italian company Saipem,...

Decisive decision for Romania’s energy future: Black Sea Oil & Gas moves forward with the Midia Gas Development Project

By Emea Riga A release announces the important decision taken by Black Sea Oil & Gas SRL to start the works necessary for the exploitation of natural gas in the Romanian Black Sea territorial waters. The BSOG decision will be followed...

War of the Multirole Corvette: France and the Netherlands in the € 1.6 billion dispute in Romania (1)

By Constantin Radut For two years, Romania is, along with Poland, the state that allocates 2% of GDP to the army and the endowment of the armed forces. Romania respects an engagement that our country has taken as an active member...

Black Sea Oil & Gas signs EPCIC contract for Midia project with GSP Offshore

By Jerom Bolt Black Sea Oil & Gas (BSOG), operator of the Black Sea Midia block, announced the signing of the framework contractor agreement with GSP Offshore, a company owned by businessman Gabriel Comanescu, BSOG said in a release this...
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ROCA Industry announces that its subsidiary Bico Industries will take over the majority stake in the Lithuanian company SmartTech AG

By rbj ROCA Industry, the holding company that brings together the construction materials companies in the ROCA Investments portfolio, announces...
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Hungarians fear inflation, but also global recession. The opinion of the Central Bank of Budapest. Viktor Orban’s government expects inflation of 20% in 2022

By rbj Inflation could accelerate to around 20 percent in the coming months, said Barnabás Virág, vice president of Bank Magyar Nemzeti. According to the...

The annual inflation rate stagnates. Will the Central Bank succeed in reaching the target for 2022? The BNR missed the inflation target in the...

By rbj The annual inflation rate in July 2022 compared to July 2021 is 15%, slightly decreasing from 15.1%, and compared to December 2021 it...

Topoloveni plum magic, wins another market in Asia, that of Vietnam, through the Discover European Treasures European program

By rbj "Sonimpex Topoloveni continues its presence at international fairs where it promotes the Romanian gastronomic tradition through the "Topoloveni Magiun din prune" Brand. The...

Techcelerator organizes the first SEE Tech Mission at the Web Summit 2022

By rbj Techcelerator, the most active accelerator in Romania for technology start-ups, organizes the first SEE Tech Mission, a group that will gather regional start-ups...