Expro, a leading provider of energy services has been awarded major contracts from OMV Petrom, totalling more than 10 million USD for the Neptun Deep gas project in the Black Sea, a company press release informs.The contracts involve a series of Expro technology and services to support the project in offshore Romania. The two contracts mark the latest stage in Expro's growth in Romania. Recent investments by the company include opening a new office in Bucharest, setting up a new operational base, and a program to grow its Romanian-based staff."Neptun Deep is an important energy project for Romania. We are proud of being selected to support this important development," said Andrei Ion, Expro Senior Area Manager in Europe, Mediterranean and Caspian.OMV Petrom, which is majority-owned by OMV, with Romania holding a 20.7% stake, announced for the first time in 2012 that it had discovered between 42 and 84 billion cubic metres of gas in the Black Sea. OMV Petrom and the state-owned producer Romgaz, which jointly hold the Neptun Deep project in equal shares, made the investment decision in the Neptun Deep project in 2023.The production from Neptun Deep is expected to be approximately 8 billion cubic metres annually for about 10 years, nearly doubling Romania's gas production.In the coming weeks, Mighty Barents drilling platform will travel 160 kilometres across the sea and begin drilling operations on the ten exploration wells that make up Neptun Deep, one of the most important gas fields in the EU.
The United States has temporarily suspended the implementation of the Electronic System for Travel Authorization (ESTA) for Romanian citizens as it conducts a review of Romania’s recent designation into the Visa Waiver Program (VWP). The US Department of Homeland Security (DHS) announced that the review is aimed at ensuring compliance with the VWP’s security requirements. […]
A team of students from the Faculty of Economics and Business Administration (FSEGA) at Babeș-Bolyai University (UBB) in Cluj-Napoca won the gold medal at the 29th edition of the international economics case study competition titled ‘NIBS Worldwide Case Competition.’ The competition held in Nanchang, China, brought together 16 university teams from 13 countries, qualified through […]
Metrorex, the public authority managing Bucharest’s subway system, will install protective panels on platforms, starting with the Line 4 (Gara de Nord 2 - Gara Progresul) currently under construction, Profit.ro reported. The new stations will be equipped...
Romania has the lowest budget allocation for research among European Union (EU) member states, according to the latest infographic published by the Social Monitor, a project of the Friedrich Ebert Foundation Romania. In 2023, Romania allocated just...
Pavel Popescu, the vice president of media regulator ANCOM, said in an interview with Politico published March 24 that Romania is fighting an information war with Russia to stop election meddling, and not censoring speech, as many US officials and figures like Elon Musk have said. The Politico article names Romania “ground zero in a […]
More than 2,300 military personnel from Romania and 11 allied nations, namely Albania, Bulgaria, Canada, France, Greece, Italy, the Netherlands, Spain, the United Kingdom, the United States, and Turkey, will take part in the multinational military exercise Sea Shield 25, set to take place from March 31 to April 11. Training sessions will be conducted […]
