PwC: The local M&A market grew to 5.4 bln. euro in 2022, thanks to Neptun Deep
The mergers and acquisitions market in Romania, transactions signed and concluded, reached 5.4 billion euros last year, surpassing the pre-pandemic…
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Verchere: OMV Petrom is set to invest 11 bln. euro over the next decade, and about 35% will go towards low and zero carbon investments
OMV Petrom is set to invest 11 billion euro over the next decade, and about 35% will go towards low…
Răzvan Popescu: Romgaz could issue bonds or take loans to finance Neptun Deep
Romgaz could issue bonds or take loans to finance Neptun Deep, Răzvan Popescu, CEO, Romgaz, said at a conference. He…
The solidarity tax will affect over 40 Romanian companies, but cost will be supported by consumers
The solidarity tax will affect over 40 large Romanian companies, including many energy companies such as Electrica Furnizare, Transelectrica, Tinmar,…
OMV Petrom will invest 600 mln. lei in Neptun Deep this year, total investments up 70%, to 6 bln. lei
OMV Petrom will increase the level of investments in the next period to 6-7 billion lei anually. Thus, this year…
Romgaz has not concluded any contract to lease Neptun Deep capacity
Romgaz (SNG) or its affiliate Romgaz Black Sea Limited do not have any concluded or ongoing contracts aimed at the…
Răzvan Popescu, Romgaz: I don’t see a long-term problem with the financing of Neptun Deep
Romgaz will need a financing mix for the Neptun Deep project, which must be very carefully done, and it will…
EY: Romanian M&A market grew 26% in 2022
The Romanian mergers and acquisitions (M&A) market recorded 258 transactions during 2022, with a total estimated value of US$ 6.6bn,…
Chisăliță: Overtaxation should be used for investments, for the benefit of taxpayers, and not go into an account from which the money disappears
The overtaxation of oil companies should generate benefits for society in the future, for Romanian consumers and taxpayers and not…
OMV and its partners to invest USD 921 million in a gas field in Norway
Austrian group OMV and its partners have decided to invest 9.1 billion Norwegian kroner ($921 million) to develop a gas…
OMV Petrom confirms the submission of the commercial discovery statement by the Neptun Deep concession holders
OMV Petrom confirms the submission of the declaration of commercial discovery to the National Agency of Mineral Resources by the…
Minister of Energy: 2022 was the year of investments, the results will be visible in 2-3 years
The year 2022 was full of challenges, in which the Government managed the energy crisis and, at the same time,…
Hungary badly needs Black Sea gas, but Romania needs to clarify its offshore legislation
Hungary is in great need of gas from the Neptune perimeter in the Black Sea, due to its massive dependence…
Verchere: We need stability in the Offshore Law to extract gas from the Black Sea
OMV Petrom needs clarifications related to stability regarding the provisions of the Offshore Law, in order to start gas extraction…
V. Popescu: Romania will become energy independent since 2026
Romania will become independent from an energy point of view starting in 2026, said the Minister of Energy, Virgil Popescu,…
C. Prună: PSD wants to regulate the price of gas and energy production, endangers Neptun Deep
Regulating the price of gas and energy production would endanger the Neptun Deep project, claims Cristina Prună, USR deputy and…
Romgaz has completed the process of acquiring Exxon’s stake in Neptun Deep
On Monday, Romgaz completed the acquisition of Exxon’s stake in the Neptun Deep project in the Black Sea, according to…
Romgaz obtains a 325 mln. euro loan from Raiffeisen for the acquisition of Neptun Deep
Romgaz has signed a financing agreement worth 325 million euro with Raiffeisen Bank, for the partial financing of the acquisition…
Neptune Deep Project is nearing completion
Romgaz’s Board of Directors approved the conclusion of the sale-purchase contract of all shares issued by ExxonMobil Exploration and Production…
Minister: Starting this year, we will have an additional 1 billion cm of gas
Romania will have natural gas from other sources next winter, including from the Black Sea, and starting this year we…
Romgaz approved the takeover of the Neptune Deep perimeter from Exxon
Romgaz’ Board of Directors has approved the 1.06 billion dollars deal to take over the Neptune Deep field from ExxonMobil.…
Romgaz: Neptune Deep deal needs clarifying some issues
The signing of the sale-purchase contract for ExxonMobil Exploration and Production Romania Limited shares has not yet taken place, as…
Franck Neel, OMV Petrom: In the next 10 years we will reposition our portfolio to gas, but we will also have 1 GW of renewables
OMV Petrom’s new strategy for 2030 includes an investment of 11 billion euros, with a strong focus on the energy…