Mediaș

BRUA gas pipeline project phase 1 completed with 21 pct economy over value auctioned (Transgaz)

The project of the BRUA gas pipeline, the first phase, concluded at the value of 377.4 million euro, 21 pct, or 101.1 million euro, more economical than the value at auction, according to a release of Transgaz sent on Wednesday to the Bucharest Stock Exchange (BVB).

WEC's Iancu: Romgaz can support Black Sea offshore drilling investment, should be operator

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 discusses with ExxonMobil officials on collaboration with Romgaz in carbon storage area

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.

Romgaz, ready to take over offshore drilling project amid unexpectedly high interest of banks

Romgaz is ready to take over ExxonMobil's share in the Neptun Deep Black Sea offshore natural gas project, and funding that will be a mix of equity and raised money, Romgaz Director General Aristotle Jude told a news conference on Tuesday. "On March 31, we submitted an offer to take over ExxonMobil's share in the Neptun Deep block.

ANRM: Romania's interest is in Black Sea natural gas investment to start in 2022, or deposits will devalue

 Romania's interest is for investment in the Neptune Deep field in the Black Sea to start in 2022, otherwise the natural gas there will lose its value, said on Thursday Director of the National Mineral Resources Agency (ANRM) Sorin Gal.

EnerMin Popescu: First Romanian gas molecule from Black Sea perimeter to be drilled this year

The first Romanian gas molecule in the Black Sea will be drilled this year by the Black Sea Oil&Gas company from the Aurora perimeter, and from the Neptune Deep area it will probably happen in 2025, Energy Minister Virgil Popescu said on Monday evening on private B1 TV broadcaster.