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Black Sea gas potential huge, but regulation needed to speed up development

BUCHAREST, Sept 22 (Reuters) - The potential for further gas discoveries in Romania's Black Sea is huge, but the government needs to improve regulation to speed up development, the country's top gas producers said on Thursday. Gas producers including OMV Petrom ROSNP.BX , majority-controlled by Austria's OMV OMVV.VI , have spent 15 years and billions of dollars preparing to tap Romania's estimated 200 billion cubic metres of gas in the Black Sea, only to be stopped short by sudden fiscal and reg

Romanian refineries have crude supplies, not hurt by Russian imports ban-Energy Min

BUCHAREST, Sept 21 (Reuters) - Romanian refineries, including one owned by Russia’s Lukoil LKOH.MM have found alternative fuel supplies from December when a ban on Russian imports takes hold, Energy Minister Virgil Popescu said on Wednesday. The European Union has been reducing imports of Russian oil products since March and bloc leaders agreed an embargo on Russian crude oil imports that will take full effect by end-2022, with some exemptions.

Equinor, others apply for right to explore for oil and gas off Norway

OSLO, Sept 13 (Reuters) - Some 26 energy companies have sought Norway's permission to drill for oil and gas in this year's predefined areas licensing round, the Norwegian ministry for oil and energy said on Tuesday. Some of the firms that have applied for licenses in areas already open to exploration and production include Equinor EQNR.OL , Shell SHEL.L , Aker BP AKRBP.OL , ConocoPhillips COP.N , OMV OMVV.VI and TotalEnergies TTEF.PA .

Russian lawmaker urges Europe to revive Nord Stream 2 to solve energy crisis

(Corrects day in first paragraph) * This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Sept 2 (Reuters) - Europe could solve its energy crisis by scrapping sanctions against Russia and launching the mothballed Nord Stream 2 gas pipeline, the speaker of Russia's lower house of parliament said on Friday.

Romania's OMV Petrom says more information needed on offshore gas law

BUCHAREST, July 28 (Reuters) - Romanian oil and gas firm OMV Petrom ROSNP.BX will need more information on a newly amended offshore gas law before it makes a final investment call on its Black Sea project in mid-2023, its chief executive said on Thursday. The introduction of a tax on offshore gas income in 2018 prompted OMV Petrom, controlled by Austria's OMV OMVV.VI , to put on hold its Neptun Deep deepwater project, where it has discovered 1.5 trillion-3 trillion cubic feet of gas.


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