ExxonMobil

Romania's Energy Minister, Virgil Popescu, on Wednesday said Romania will produce more natural gas than it needs once it starts extracting gas from the Black Sea area - and will then be in a position to export to countries in the region, with Moldova a priority.

And officially TotalEnergies announced its withdrawal from the hydrocarbon investigations in the two maritime concessions of Crete it had leased three years ago as head of the joint venture with ExxonMobil and Hellenic Petroleum.

New seismic surveys are coming to offshore blocks that have been granted by the Greek state to oil companies to locate possible natural gas deposits.

The first drilling is expected to take place at the land concession of Ioannina and the sea "block 2" located Northwest of Corfu, which will give the first picture of the size of the natural gas deposits in Greece.

British oil giants Shell and BP, U.S, firm ExxonMobil and France's TotalEnergies announced last week 2021 profits totalling a whopping $66.7 billion.

It marked a huge turnaround from 2020, when they posted losses as the pandemic emerged, prompting lockdowns that brought the world economy to a grinding halt and caused crude prices to collapse.

Foreign Ministry Spokesman Tanju Bilgiç on Dec. 2 rejected an "unlawful" statement by the Syrian parliament targeting Turkey's territorial integrity.

Just four days before scheduled Greek-Turkish exploratory talks, Ankara has in essence threatened Athens and Nicosia with a possible military clash in the Eastern Mediterranean.

The ExxonMobil - Qatar Petroloeum joint venture is expected to resume drilling in the Exclusive Economic Zone of Cyprus (EEZ) at the end of November and the beginning of December, said the Minister of Energy, Trade and Industry of the Republic of Cyprus Natasa Pileidou.

The final date

Romanian gas producer Romgaz has the capacity to support investment in the Neptun Deep deep-water offshore gas field development project in the Black Sea and should be the operator of this project, Chairman of the Romanian National Committee of the World Energy Council Iulian Iancu told a news briefing on Tuesday.

Energy Minister Virgil Popescu met on Wednesday with the representatives of the US company ExxonMobil, and one of the topics of discussion was the collaboration with Romgaz in the field of carbon storage, according to a post on the minister's Facebook page.