- Romania has massive gas reserves, with the government pursuing steps to encourage investment in the energy sector, so that it can become gas independent by 2020.
- HAL could face a daunting Russian challenge while carrying out development in the Black Sea.
- Tax rules have been made investor friendly for foreign firms to get involved in production and exploration. 36 new licenses would be auctioned for both onshore and offshore development.
- HAL reported solid financial results for Q2. With the numbers for Europe expected to improve after the firm partners with other companies in Romania.