Don't display this message again [x]

Dear User,

On March 28, 2015 OilCareers and Rigzone will be coming together to provide you with access to the world’s largest resource for Oil and Gas news, jobs and industry insights.

We have recently updated our Terms & Conditions to accommodate these changes. Please read them carefully. By using the Site, you agree to be bound by these terms and conditions. These Terms and Conditions are effective as of March 30, 2015.

Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

New Romania Govt Wants Moratorium On Shale Gas

change text size

BUCHAREST - Romania's new government will seek a moratorium on shale gas drilling, putting on hold plans by U.S. oil giant Chevron Corp. to tap reserves in eastern and southern Romania.

"An immediate moratorium will be placed on shale gas exploitation until European studies underway regarding the impact of hydraulic fracturing on the environment are finalized," the new government's economic program released Friday reads.

Prime Minister-designate Victor Ponta is expected to win a parliament vote of confidence on his cabinet line-up and its program Monday. Ponta has repeatedly criticized the outgoing government's green light to shale gas exploration.

Companies including Chevron, Canada's Sterling Resources Ltd. and Hungary's MOL Nyrt. plan to tap the reserves.

Chevron has a concession on 600,000 hectares in the eastern Barlad area and three others in the southeast Dobroudja region, near the Bulgarian border.

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
charlescoon | May. 9, 2012
I think these European countries are going to use fear of fracing to exploit and regulate the drilling in shale gas for political and socialist ideals so they can extort as much money as they can from the oil giants.I don't understand what they are thinking these countries are going broke and have a good opportunity to pull themselves out of a slump but want nothing to do with it.


Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Subcontracts Manager (Contract) - Subsea/Offshore Construction
Expertise: Construction Superintendent|Contracts Administration
Location: Houston, TX
 
Distribution Planner
Expertise: Logistics Management|Planner / Scheduler|Supply Chain Management
Location: Stewartsville, NJ
 
Contract Administrator
Expertise: Contracts Administration
Location: Houston, TX
 
search for more jobs