OMV Petrom has said it expected a decision around the middle of this year for the Neptun Deep gas project, estimated to cost around 4 billion euros ($4.32 billion). Plans to develop the project ...

OMV Petrom said capital expenditure this year is expected to rise by 70% to about 6 billion lei ($1.35 billion), with investment geared mainly towards Neptun Deep, low and zero-carbon projects and ...

Romania-based OMV Petrom has discovered a new natural gas reservoir in Spineni, marking a notable development in Southeastern Europe's energy sector. Located approximately 70km north-east of the ...

9 April 2008 – Romanian oil and gas producer Petrom has signed a contract with a consortium formed by General Electric and Metka of Greece, for the construction of a power plant at Brazi, Romania.

OMV Petrom said it has taken important steps to increase the share of biofuels. In 2022, Petrobrazi became the first ISCC2-certified refinery in Romania, capable of producing SAF and HVO by co ...

OMV Petrom, majority-controlled by Austria's OMV OMVV.VI discovered 1.5-3 trillion cubic feet of gas in the Black Sea it had planned to extract jointly with Exxon Mobil XOM.N until the company's exit.

OMV Petrom S.A. has acquired a 50 percent stake in the Gabare solar project from Enery Element, a large-scale project in Byala Slatina, near Sofia, Bulgaria. The company said in a media release ...

As a consequence, OMV Petrom estimates a solidarity contribution of 1500 million new leu ($326 million) for the fiscal year 2022, to be paid at the end of June 2023.

OMV Petrom discovered an onshore natural gas reservoir in Spineni about 70 km north-east of Craiova, Romania. The prospect was identified using data from the 3D Spineni seismic survey conducted in ...