Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics company expects more than half of the鈥
Romania's Romgaz said it has agreed with OMV Petrom and Poland's PGNiG to make a joint offer for Exxon Mobil's 50% stake in a long-stalled offshore natural gas project in the Black Sea if the U.S. company decides to sell.State-owned Romgaz would鈥
Austrian oil and gas group OMV is again postponing an investment decision on its Black Sea exploration project and is now aiming for a decision next year at the earliest, its chief executive said on Friday.The exploration of the Black Sea Neptun鈥
A slew of reports so far this year suggest a confluence of the right factors for a strong, sustained surge in contracting activity 鈥 especially in drilling 鈥 seems to be developing, at least in Europe.Several indicators were in January pointing to key some snowballing of new activity鈥
Depending on who you talk to, the Romanian offshore either has two projects worthy of mention and an aging supplier base, or it鈥檚 the most up-and-coming and accessible oil and gas province in all the world.The truth, as usual, is somewhere in the middle鈥
U.S. energy major ExxonMobil confirmed late on Tuesday it is weighing an exit from a long-stalled Romanian natural gas venture and has begun providing information to potential buyers.The company holds a 50% stake in the Neptun Deep offshore project located in the Black Sea with Romanian OMV Petrom鈥
Italian oilfield services firm Saipem announced Friday it has secured approximately $1.7 billion in new and extended drilling contracts for its offshore and onshore divisions.The offshore drilling contracts relate to activities to be executed in Norway and in Angola鈥
Romania's OMV Petrom is ready to press on with a multibillion euro investment in the giant Black Sea gas project it holds with ExxonMobil once Bucharest's new government lifts regulatory barriers to doing so, it said on Monday.A final investment鈥
The recently named cable laying vessel Leonardo Da Vinci, set to join the fleet of energy and telecom cable systems company Prysmian Group in the second quarter of 2021, incorporates innovative features that required the new battery power class鈥
Italian based offshore services company Saipem said it has netted new offshore drilling contracts in Romania and Abu Dhabi worth over $160 million combined.Under one of the contract awards, Saipem will drill a well in Romania鈥檚 Black Sea waters using the semi-submersible rig Scarabeo 9鈥
Romania's largest energy company OMV Petrom said it has started a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea.The two new wells will be drilled more than 2,000 meters below the seabed, in approximately 50 meters water depth鈥
A recent subsea survey project in the Black Sea has scanned for ancient shipwrecks and other archaeological treasures ahead of future oil exploration in the area.UK based services firm James Fisher Marine Services (JFMS) said it completed the鈥
Norwegian VARD will incorporate a hull-integrated seawater cooling system for a cable laying vessel the shipbuilder is designing and constructing for energy and telecom cable systems firm Prysmian Group.Ålesund-based Hydroniq Coolers 鈥 formerly鈥
Romanian-based Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group, said that it received approval from the Romanian government for the field development plan (FDP) for the Ana and Doina gas fields.The Ana and Doina gas fields make up the Midia Gas Development (MGD) Project鈥
Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group LP, announced it has received Romanian government approval from the Romanian Government through the National Agency for Mineral Resources (NAMR) for its plan to develop鈥
