Latest news
Melrose starts gas production in Bulgaria.
UK oil and gas explorer Melrose Resources has started its natural gas production in Bulgaria, exploration that could meet around15% of Bulgarian annual domestic gas consumption.
read more... 05/11/2010
Chevron to extract shale gas in Poland.
As Poland shared interest in developing gas opportunities, like other eastern European countries, thus reducing its reliance on the Russian partner, Chevron, as some other major oil companies, seized the opportunity to extract shale gas at better prices. Still, according to Bobby Ryan, Chevron’s head of global exploration, there is much more work to be done than at first glance.
read more... 23/09/2010
Turkey state oil firm plans to invest 4 billion USD in 3 years
The general manager of Turkey’s national oil and natural gas exploration company, TPAO, announced that they’re going to invest 4 billion USD in the forthcoming 3 years and to drill 500 oil wells in the next 5 years.
read more... 22/09/2010
Exploration assets sold by Petrom in Russia
The major oil and gas group in Romania, Petrom, owned mostly by Austrian OMV, sold 75% of exploration assets in Ring Oil to its minority partner Mineral and Bio Oil Fuels Limited in Russia, since it focuses mainly on the Romanian and Kazakh activities. The total value of the transaction was not disclosed.
read more... 07/09/2010
New offshore oil explorations for LUKOL in Black Sea
New oil sectors are available in the Romanian sector of Black Sea, where a consortium won the auction for the exploration and development of two blocks of 2,000 square kilometers, Est Rapsodia and Trident.
read more... 09/07/2010