OMV postpones for 2019 the decision to invest in the offshore Black Sea project

Austrian energy group OMV has decided to postpone for the next year the investment decision in its offshore Black Sea project because the Romanian Government needed too much time to set the regulatory framework, OMV general manager Rainer Seele said in the evening, Reuters reports. In Black Sea Territorial Waters, ExxonMobil and OMV Petrom explore the Neptun block together, where the first estimates show the existence of gas fields ranging from 42 to 84 billion cubic meters.

Source: Agerpres, Hotnews, Profit, Adevarul, Digi24, News.ro, Ziarul Financiar, Economica, G4media

More than 75% of Romania’s energy suppliers violate ANRE regulations (consumer association)

More than 75% of Romanian suppliers violate the obligation imposed by the Energy Regulatory Authority (ANRE) to send a price offer at the request of a consumer, according to a communiqué from the Association of Consumers and Small Power Producers (ACMPE) on Wednesday, AGERPRES.

Source: Agerpres, Hotnews, Adevarul, Economica

ExxonMobil is involved in Russia in a natural gas exploitation project more than double the entire Black Sea. The investment decision was to be taken in 2019

The US oil giant ExxonMobil, which owns the concession of Neptun Deep offshore offshore gas perimeter along with OMV Petrom, is also involved in the project to build a liquefied natural gas terminal in Russia, whose cost are estimated at $ 15 billion, Reuters reports. The amount is more than double the cumulative investment needs of all the gas exploration in the Romanian Black Sea sector, of all concessionaires, estimated at $ 7 billion by the Ministry of Public Finance in Bucharest.

Source: Profit