Latest news

Major gas discovery in Romania

Petrom, the biggest oil and gas producer in Romania, has reported the successful result of the exploration well 4539 Totea. The well, drilled following a recent 3D seismic program to a depth of 3600 meters in the Oltenia region of south-western Romania, is likely to contain substantial gas resources.

read more... 12/07/2011


Gazprom reconsiders South Stream feasibility study

According to Gazprom statements, the feasibility study for the South Stream natural gas pipeline for Serbia, Slovenia, Austria, Croatia and Romania has been finished.

read more... 22/04/2011


Iberdrola Renovables to build an 80 MW wind farm in Romania

A new wind farm will be built in the southeastern part of Romania, in Constanza by a globally known wind company Iberdrola Renovables. The wind plant, called Mihai Viteazu, will consist of 40 wind turbines of 2 MW each and will supply energy to around 1 million people, equal to the population of Romania’s capital, Bucharest. The construction of this wind plant will also lead to a further cut of the CO2 emissions by 1.25 million tones per year.

read more... 25/03/2011


Lukoil Overseas and Vanco International to explore two offshore blocks in Romania

A consortium, formed by Lukoil Overseas and U.S. Vanco International signed concession agreements with the National Agency for Mineral Resources of Romania. The agreements provide the joint exploration and development of two blocks, Est Rapsodia and Trident, in the Romanian sector of the Black Sea.

read more... 28/02/2011


Romania – future joint member of South Stream gas pipeline project

Gazprom will keep financing the South Stream gas pipeline project, which has to be ready until 2015, according to Gazprom Chief Executive Alexei Miller.

read more... 14/10/2010