OMV Petrom transfers 50% stake in Bulgaria’s Han Asparuh block to NewMed Energy
Bulgaria’s government approved the transfer of a 50% stake in the Han Asparuh offshore block from OMV Offshore Bulgaria, part…
OMV Petrom invests 750 mln. euro in sustainable fuels and hydrogen at Petrobrazi
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, announces the start of construction work for a sustainable aviation…
The National Commission for Strategy and Forecast expects natural gas production to increase in the coming years
Romania’s usable natural gas production in 2024 was 7.57 million tons of oil equivalent, 0.9% more than in the previous…
Romania’s crude oil production down 4%, imports surge 11% in the first 11 months
Romania produced, in the first 11 months of 2024, a quantity of crude oil of almost 2.456 million tons of…
OMV announces increase in hydrocarbon production in Q4- 2024
OMV AG’s hydrocarbon production and refining margin increased in the fourth quarter of 2024, compared to the previous three months,…
Russia’s oil and gas revenues rose 26% in 2024
Russia’s oil and gas revenues to the state budget rose more than 26% in 2024, to 11,130 billion rubles ($108.22…
Volume of gas that will be delivered to Germany through Neptun Deep represents only 1% of production
The volume of natural gas that will be exported from the Neptun Deep perimeter to Germany represents less than 1%…
Neptun Deep: The mobile offshore drilling unit has arrived in Romania
Neptun Deep is progressing on schedule with first natural gas deliveries in 2027 OMV Petrom, the largest integrated energy producer…
Hubati: Neptun Deep will reach a maximum level of production as early as 2028
Production from the most important offshore project in Romania, Neptun Deep, will reach a peak level as early as 2028,…
Progress in Neptun Deep project: construction of the production platform advances
OMV Petrom, the largest integrated energy producer in Southeast Europe, operator of the Neptun Deep project, announces the start of…
OMV Petrom is using a new automatic drilling technology for the first time
OMV Petrom, the largest integrated energy producer in Southeast Europe, is running a new drilling campaign using a state-of-the-art automated…
ING tightens restrictions on oil and gas financing
The Dutch banking group ING Groep NV is further restricting access to financing for some oil and gas companies and…
Romania’s crude oil production decreased by 3.8% in the first 6 months
Romania produced, in the first semester of 2024, a quantity of crude oil of over 1.353 million tons of oil…
MOL Group posted a 19% increase in profit in S1, to USD 916 mln.
The MOL Group recorded, in the first half of this year (S1), a pre-tax profit of 916 million dollars, up…
Verchere: Neptun Deep stays on course, 2024 will see a total Capex of 8 bln. lei
OMV Petrom entered its most intensive investment period in its hystory and the overall Capex will reach this year about…
ANRE launches a draft order that eliminates the need for special authorization for hydrogen installations
The energy regulatory authority ANRE launched in public debate a new “Draft Order for the approval of the Regulation for…
INS: Romania’s crude oil production fell by 3.8% in the first 5 months
Romania produced, in the first five months of 2024, a quantity of crude oil of over 1.132 million tonnes of…
IEA: Oil demand growth continues to slow
Oil demand growth continued its slowing trend in the second quarter of this year, registering an increase of 710,000 barrels…
OMV improved the estimates for 2030; becoming a leader in the energy transition, a priority
The Austrian group OMV, the majority shareholder of OMV Petrom, announced on Thursday that it has revised upwards its estimates…
IEA: Oil demand has peaked, there is a major surplus
World oil markets are facing a “major” surplus this decade because the abandonment of fossil fuels leads to a flattening…
OMV Petrom injects 750 mln. euro in Petrobrazi’s sustainable fuels production
OMV Petrom, the largest integrated energy producer in Southeast Europe, will invest around 750 million euros in Petrobrazi to transform…
Transgaz builds the supply pipeline of the Mintia plant, an investment of 60 mln. euro
The Minister of Energy, Sebastian Burduja and the General Director of Transgaz, Ion Sterian, signed a financing contract for the…