Tag: offshore

Price cap for natural gas will be applied only to onshore production – Romania, 15 March 2019

Former Minister of Energy and member of the ruling ALDI party Toma Petcu said that changes to the emergency ordinance adopted in late 2018 will soon be finalized and introduced turnover tax could be applied for the first trimester of 2019. One of the most important corrections will be the fa Full article available for […]

ExxonMobil discovered huge gas deposit offshore Cyprus – Region, 01 March 2019

Cypriot Minister of Energy Yiorgos Lakkotrypis announced that US energy giant ExxonMobil has made a “world-class” discovery in Block 10 of Cyprus’s exclusive economic zone (EEZ), containing 5 to 8 trillion cubic feet of gas. According to Minister Lakkotrypis, the discovery is the biggest find so Full article available for subscribers of Energy NEWS service […]

BSOG ready to sue Romania over offshore gas development – Romania, 12 February 2019

Although Black Sea Oil & Gas (BSOG) recently announced that it will invest 400 million dollars to start natural gas production at its Black Sea Midia block, the company’s CEO Mark Beacom said that BSOG is ready to sue the Romanian Government in order to protect its rights. Beacom stressed that al Full article available […]