Romgaz

Russian energy giant Lukoil is in talks with ExxonMobil about the planned sale of the US multinational's 50 per cent stake of Neptun Deep gas project in the Romanian zone of the Black Sea, Romanian Prime Minister Ludovic Orban revealed late on Monday.

The Competent Authority for Regulation of Offshore Oil Operations in the Black Sea (ACROPO) has sent Lukoil Overseas its greenlight so the latter may start oil drilling operations in the Trident perimeter of the Romanian Black Sea territorial waters, according to a Facebook post of the institution. "In accordance with the provisions of Law no.

Romania went up on the 3rd position from the 4th position in the Top 500 companies in Central and Eastern Europe - Coface CEE Top 500, with 61 companies, increasing from 56, this development being due to the expansion of consumption, County Manager of Coface Romania Eugen Anicescu told a news conference on Wednesday.

Romania is the largest natural gas producer in Easter Europe, with an average natural gas production in recent years of about 11 billion cubic meters, the Oil and Gas Employers' Federation (FPPG) stated. "Today, 13 September, we are celebrating the Day of the Romanian Gas Worker.

Prime Minister Viorica Dancila said on Sunday in the town of Lupeni, in the Jiu Valley, that Mintia thermal power plant, within the Hunedoara Energy Complex, could be taken over by the Hunedoara County Council, the prime minister having discussed at the Paroseni thermal power plant the problems and solutions that can be adopted in the case of the two electricity producers, Electrocentrale Deva

The gas field in the Romanian Southeastern Bazau Country is woth USD 4 billion and can provide Romania with energy independence from Russia for a period of three years, reported BNR.

This is what Premier Sorin Grindeanu stated at the presentation of the largest natural gas field in mainland Romania found by the Romanian state in the past 30 years.

Romanian energy company Romgaz on Thursday inaugurated Romanian's biggest onshore natural gas deposit in three decades, with Prime Minister Sorin Grindeanu and ruling Social Democrat chief Liviu Dragnea attending, the government announced.

Russian oil giant Lukoil, PanAtlantic and Romgaz discovered a significant natural gas field in the Black Sea continental shelf of Romania.

This was announced by Romgaz, the largest natural gas producer and main gas supplier in Romania, in a statement released on Wednesday.

Facing a pressing need to raise cash, the centre-left government of Prime Minister Victor Ponta plans this year and next to list more state-owned companies, mainly from the energy sector, on the Bucharest stock exchange.

The Romanian capital market needs American corporate investors and their global network to get the liquidity and development necessary to attain the status of emerging market, says Bucharest Stock Exchange (BVB) CEO Ludwik Sobolewski.

Photo credit: (c) Grigore POPESCU / AGERPRES ARCHIVE