Tag: oil

OMV Petrom signed 5 million euros worth oil platform decommissioning deal – Romania, 23 May 2019

Romanian oil and gas company OMV Petrom announced that it has signed a contract worth 5 million euros with local company GSP Offshore for the decommissioning of its Gloria oil platform in the Black Sea. Last month, Director National Agency for Mineral Resources (ANRM) Sorin Gal said that the Glor Full article available for subscribers […]

SOCAR to continue investing in Turkey – Turkey, 22 May 2019

Entering the Turkish market with the acquisition of Petkim for 2 billion dollars in 2008, SOCAR has become the largest private sector investor in 11 years, with approximately 15 billion dollars in investments. The company now plans to increase the investment size to 19.5 billion dollars. The most Full article available for subscribers of Energy […]

Accumulated loss of oil companies in RS exceeded one billion euros – Bosnia and Herzegovina, 21 May 2019

Accumulated loss of oil companies in the Republic of Srpska (RS) exceeded one billion euros, while Optima Group with the loss of over 700 million euros and oil refinery in Bosanski Brod with over 300 million euros in losses are in the most dire situation. Optima Group, owned by Russian NefteGazIn Full article available for […]