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2014-07-21 18:00:00

BLACK SEA GAS

BLACK SEA GAS

ExxonMobil and OMV Petrom announced the start of drilling at a well that will help it assess the size and commercial viability of its Domino 1 Black Sea well, the most significant gas discovery in the region to date.

The two companies said on Monday they had started drilling at the Domino 2 well in the deepwater sector of the Neptun block in Romanian waters, which is about 200 kilometres (124 miles) offshore and is being drilled in a depth of about 800 metres.

Southeast Europe hopes natural gas exploration in the Black Sea will help cut its dependence on Russian supplies, but a gas bonanza remains elusive because deep water and tough geology have required costly high-tech equipment.

ExxonMobil Exploration and OMV Petrom each hold 50 percent of the deepwater sector of the Neptun block.

reuters.com

 

Tags: EXXON, OMV, BLACK, SEA, GAS, ROMANIA, RUSSIA

Chronicle:

BLACK SEA GAS
2018, November, 16, 09:35:00

RUSSIAN ENERGY FOR ASIA

PLATTS - Asia is a growing market for Russian energy, including LNG, and a potential source of investment for the world's largest producer of resources and minerals. The Kremlin has increasingly looked to build its presence in the Asian region following the imposition of tough sanctions by the US on Russia.

BLACK SEA GAS
2018, November, 16, 09:30:00

SAUDIS ARE ANGRY

REUTERS - “The Saudis are very angry at Trump. They don’t trust him any more and feel very strongly about a cut. They had no heads-up about the waivers,” said one senior source briefed on Saudi energy policies.

BLACK SEA GAS
2018, November, 16, 09:25:00

RUSSIA, OPEC COOPERATION

PLATTS - "It is obvious that we need to cooperate with Saudi Arabia, and we are going to cooperate with Saudi Arabia. OPEC plus has been very positive, and we see that in the market situation," Putin told reporters in Singapore during a briefing broadcast on Russia 24.

BLACK SEA GAS
2018, November, 16, 09:20:00

U.S. FINANCIAL RISKS

U.S. OFR - The U.S. Office of Financial Research (OFR) released its 2018 Annual Report to Congress, stating that risks to U.S. financial stability remain in the medium range, reflecting a mix of high, moderate, and low risks to the financial system.

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