Eastern Europe
News
May 25, 2017
Energean Oil & Gas has announced that it has signed a lease agreement with the Greek government for the exploration and exploitation of hydrocarbons at the Aitoloakarnania block, onshore western Greece.
News
May 10, 2017
Serinus Energy Inc. has announced that it has signed an Engineering, Procurement, Construction and Commissioning Contract (EPCC) with Confind S.R.L., a Romanian company, for the construction of a gas processing facility and associated flowlines and pipelines for the Moftinu Gas Development Project in Romania.
News
April 27, 2017
The U.S. is set to ship its first shale gas to a member of the former Soviet bloc as Europe seeks to cut its dependence on fuel from Russia.
Article
February 2017
Last year will be remembered for its stark contrasts in global production rates, with North America absorbing the largest loss, while the Middle East and Russia chalked up big gains. It remains to be seen how OPEC’s quota deal in December will alter the rules of the game.
News
February 07, 2017
MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired six new licences in the 4th bid round in Hungary, doubling its exploration acreage in the country. MOL Norge participated in the latest APA licensing round and acquired four licences in the Norwegian Continental Shelf, one of which with operatorship.
News
December 27, 2016
Gazprom Neft has opened up a new field in Serbia with recoverable reserves in the order of 432,000 tonnes.
News
December 08, 2016
OMV Petrom begins experimental gas production from Romania's Padina field.
News
October 31, 2016
Condor Petroleum Inc. has announced drilling results of the Poyraz-3 development well in Turkey.
News
October 14, 2016
Kashagan, a vast oil field in the Caspian Sea, sent its first crude for export after about 16 years in development and more than $50 billion of investments.
News
September 15, 2016
Eni has signed a Concession Contract with the government of Montenegro related to the exploration of four blocks in the country’s offshore.
News
August 08, 2016
Cub Energy Inc. has announced that KUB-Gas LLC--Cub’s 35%-owned subsidiary, which owns and operates the eastern Ukraine licenses--has commenced drilling of the Makeevskoye-23 well.
News
July 26, 2016
Romgaz has awarded Tenaris with a contract to provide 6,000 tons of casing and TenarisHydril Blue connections to Societatea Națională de Gaze Naturale Romgaz SA Mediaș (Romgaz), the largest producer and main supplier of natural gas in Romania.
News
June 10, 2016
The Croatian government approved production sharing agreements for the exploitation of hydrocarbons on six onshore acreage blocks in Drava, Sava and eastern Slavonia.
News
May 16, 2016
Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey.
News
April 01, 2016
Russia’s Gazprom PJSC, seeking to defend its share in the European energy market, agreed to swap upstream assets with OMV AG, the Austrian oil and gas company trying to lower production costs amid a slump in oil prices.
News
February 23, 2016
Royal Dutch Shell Plc signed a five-year contract for oil and natural gas exploration in the deep waters of the Black Sea off the Bulgarian coast, which will enable the Balkan nation to reduce its reliance on Russian energy imports.
News
January 11, 2016
Poland’s government is considering merging the nation’s biggest oil and gas companies PKN Orlen SA, Grupa Lotos SA and PGNiG SA, three stalwarts of the Warsaw bourse.
News
December 30, 2015
Naftna Indusrija Srbije (NIS), a subsidiary of Gazprom Neft, has undertaken a series of hydraulic fracturing operations in high-temperature horizons at Kikinda Istok, Crna Bara jug and Vojvoda Stepa fields in northern Serbia.
News
November 25, 2015
Russia halted natural gas supplies to Ukraine after its western neighbor said it wouldn’t buy more this year amid ample supply.
News
October 14, 2015
Lukoil’s Lira-1X wildcat has discovered a gas field in the Lira offshore structure, which is located on the Trident Block (EX-30), in the deep waters offshore Romania.
News
September 24, 2015
The Croatian government postponed the signing of all oil and gas production-sharing accords until after this year’s general elections in a move that may delay concession revenue inflow.
