The voice of the entire
Upstream sector in Romania

Opinions & Interviews

The new ROPEPCA Managing Committee started the term for 2018-2019 in the presence of the Association’s partners

The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) thanks all the representatives of public institutions, personalities from the academic world, its partners and mass-media representatives for their presence at the event organized on November 21 st , 2018 for presenting the Association's new management. The composition of the ROPEPCA Managing Committee will be ensured between November 2018 and November 2019 by Saniya Melnicenco (NIS Petrol) -...

The Upstream industry is facing serious challenges

As the president elect of ROPEPCA, and also a a veteran of the O&G industry, with huge experience in Romania, Harald Kraft answered the questions raised by energynomics.ro . Mister Harald Kraft covered in a few pages all the hot topics of the industry at the moment: from oil prices, and their impact on the gas market, from royalties and (unfair) competition from gas imports, from accessing land necessary for carrying out the petroleum operations and the future of a centralized...

Mark Wagley - ROPEPCA: Let’s keep the jobs and revenue in Romania!

All discussions on Romanian O&G industry begin with aknowledgements on the long and strong history this industry has. However, the future of the onshore O&G sector seems to be endangered, more and more, every year. The prices on the international markets, the characteristics of the local geology, the uprising of electricity as a convenient replacement for hydrocarbons, the lack of perspective from the Romanian authorities in regards to the industry -  these are all reasons of...

Populist policies come with a high bill for the real economy - Daniel Apostol, Secretary General of ROPEPCA

he gas market liberalization issue returns to public attention because it is approached again from a risky, populist perspective. Moreover, the way in which liberalization is publicly debated, it leads to major disputes between market players. The most surprising point of view comes from distributors, which approach a populist perspective, of alleged protection of households, thus opposing liberalization. They warn in an alarmist manner on potential price increases to endconsumers, but...

Important moment for the petroleum companies regarding the access to the blocks: Romanian courts decide in favour of the operators

In a country with a history of almost 160 years of  petroleum industry where petroleum operations have been carried out during various political and legal regimes, without being a controversial topic, neither by legal nor by social nature, the access to the petroleum blocks, in general and, in particular, to the land necessary to access the underground resources, have generated in the last years a new challenge for this industry’s operators. In addition to the technical and...

Oil and Gas in Romania: practical hurdles of a growing industry

Varinia Radu, CMS Cameron McKenna - Partner The oil and gas industry is vital due to its role in contributing to the long-term energy needs of society. Energy producers must, therefore, operate safely and responsibly, showing concern for the natural environment and considering their socio-economic impact on local communities. However, in the continuous struggle to provide the market with sufficient hydrocarbons, oil and gas companies undertake a great amount of uncertainty and risk, both...

The new oil quotation shakes the investment dynamics

Varinia Radu Brent oil price, referenced in the London exchange, has had a period of sharp decline, reaching, from USD 115/barrel in June, almost USD 82/barrel on October 16th and USD 77 in early November, the lowest level reached since the same month of 2010. For many large companies, this price represents the lowest limit of the profitability. The quotation hasn't stabilized yet and, given the downward trend, it already creates reactions of concern. If the price remains at this...

2015 - A defining year for the oil and gas sector

Varinia Radu In 2015, Romania is at a turning point that will probably influence the development capacity of the sector over the next 10-20 years, in the context of changes of economic and geopolitical paradigm, both regionally and globally. Therefore, the contribution of all decision makers, of the business environment, academia and industry experts is vital to structure and to reform a stable and attractive regulatory system to promote this strategic sector. Analysts from JP Morgan...

The low price of the oil barrel is here to stay

Varinia Radu The competition between the USA and Middle Eastern countries has always been strong. However, when the USA started using more efficient and cost effective drilling techniques (e.g. hydraulic fracturing) the Organization of the Petroleum Exporting Countries (OPEC) came under increased pressure to stay competitive and maintain its revenue. The response came in the form of lifting national production quotas that would otherwise keep the supply-demand balance in check. The...

Interconnectors in SE Europe, myth and reality

Varinia Radu The end of 2015 proved to be a key-point for the EU’s Energy union strategy. With 195 key energy infrastructure projects, the European Commission plans to reduce the Russian gas dependency by developing a whole new energy market through different interconnections between EU states and several gas suppliers outside the European Union. This is a major step, made by the European Commission after adopting the “European Energy Security Strategy” on May, 26. In...

Energy Strategy Summit - 2015

This article is available only in Romanian .

History of unitization-based cooperation in the development of offshore cross-border deposits

Part I by  Adina Anghelache,  Analyst, EPG November 2015 This paper traces the history of how states came to cooperate in the development of offshore cross-border oil or gas deposits. First, it explains the shift in how a state’s offshore has come to be viewed from “open to all” to sovereign rights over an exclusive economic zone and finally to cooperation in the interest of all parties concerned. Secondly, it discusses the types of agreements...

US Ambassador fuels discussions on Upstream O&G predictability during FP Investor Day

U.S. Ambassador Hans Klemm’s Remarks at Fondul Proprietatea’s Investor and Analyst Days Dr. Mobius, Mr. Mihalache, Minister, Deputy Governor, Greg and my good friend, Ambassador Paul Brummel from the United Kingdom, distinguished guests, ladies and gentlemen. Thank you for this opportunity. Being new to Romania, I anticipate I will learn a great deal from you, the participants in this conference, as you know so much more about the investment climate in Romania likely than I...

Daniel Apostol, Secretary-General ROPEPCA:

At the moment this article is only available in Romanian.

The sixth extinction of life on Earth

At the moment this article is only available in Romanian.

The era of cognitive systems: AI + Big Data

At the moment this article is only available in Romanian.

EPA's Study of Hydraulic Fracturing for Oil and Gas and Its Potential Impact on Drinking Water Resources

At the moment this article is only available in Romanian.

Fracking did not polute drnking water

At the moment this article is only available in Romanian.

Another bill that increases the price of natural gas, without any further expectations

At the moment this article is only available in Romanian.

Hydraulic fracking 2.0: Digital rocks, artificial intelligence, big data and and soft computing

At the moment this article is only available in Romanian.

Climate change and cultural perceptions: are you an egalitarian, fatalist, ierarhist or individualist?

At the moment this article is only available in Romanian.

10 reasons we liberalized gas market, which failed in Romania

At the moment this article is only available in Romanian.

The agreement with Iran, Oil and Middle East stability

At the moment this article is only available in Romanian.

The Science and social contract

At the moment this article is only available in Romanian.

Will oil introduce a new world order?

At the moment this article is only available in Romanian.

Russia under the double impact of international sanctions and the low price of oil

At the moment this article is only available in Romanian.

Energy Strategy For Romanians: 8 barriers to investments in energy and as many potential solutions

At the moment this article is only available in Romanian.

New mathematics of oil. How to resolve the supply-demand equation

At the moment this article is only available in Romanian.

Is there life after Chevron? Yes, but Do not Frack My Mother!

At the moment this article is only available in Romanian.

The Chronicle of the

At the moment this article is only available in Romanian.

"China Syndrome". A 2015 remix?

At the moment this article is only available in Romanian.

How much would the gas price drop for the final customers had they known how to renegociate ther contracts

At the moment this article is only available in Romanian.

Have you heard of Vaca Muerta? What can we learn from Argentina? (besides tango and Maradona)

At the moment this article is only available in Romanian.

Oil deflation. Causes and consequences

At the moment this article is only available in Romanian.

Hello, New York: California did NOT ban fracking

At the moment this article is only available in Romanian.

Four sophisms of fracking (II)

At the moment this article is only available in Romanian.

How to read a scientific article. A "false attribution" case of sophism

At the moment this article is only available in Romanian.

Four sophisms of fracking (I)

At the moment this article is only available in Romanian.

Who is afraid of fracking?

At the moment this article is only available in Romanian.

A short history of fracking (3)

At the moment this article is only available in Romanian.

Interview Michel Louboutin: Potential investments of millions of dollars for the oil and gas industry

2014 is a paradoxical year for hydrocarbon exploration. On the one hand, numerous companies have announced the start of operations, while Chevron has concluded the first drilling for identifying shale resources in Romania. On the other hand, the numerous difficulties in the field have delayed the seismic exploration works and drastically reduced the activity of the main local provider of prospecting services for the oil and gas industry. Under such circumstances and in light of ambitions of...

A short history of fracking (2)

At the moment this article is only available in Romanian.

A short history of fracking (1)

At the moment this article is only available in Romanian.

ARTUR STRATAN: “Pole tax” and royalties increase expose the state to the risk of legal disputes

At the moment this article is only available in Romanian.

Interview Artur Stratan: Problems of the O&G Industry in Romania

ROPEPCA was launched in late 2012 as the industry association for the Upstream sector in Romania. It represents now more than 15 companies operating all over the country, among them Chevron, Amromco, Expert Petroleum, Rompetrol and Panfora. For some reasons, the central media covered mostly Chevron’s operations in Vaslui. This has contributed to what seems to be a distorted image of the challenges and opportunities the Upstream industry is facing at the moment. We went for a more...

PRESS RELEASES

  • 18.112018
    ROPEPCA has a new management

    The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) announces the beginning of the term of the new leadership of the...

  • 03.042018
    Effective taxation in Romania increased to...

    Bucharest, Romania: The Romanian Petroleum Exploration and Production Companies Association(ROPEPCA) bring in the attention of the public opinion...

  • 17.012018
    The truth about the payment of natural gas...

    Bucharest, Romania : The Romanian Association of Petroleum Exploration and Production Companies (ROPEPCA) expresses its concern about the harsh and...


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