Dacian Petroleum buys 40 perimeters from OMV Petrom for almost USD 18 mln
Dacian Petroleum will buy 40 OMV Petrom fields located in the south of Romania and with a cumulative oil and…
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OMV Petrom
Romania must pay OMV damages worth 287 million lei
The Arbitral Tribunal issued on July 9, 2020 the final decision in the arbitration initiated by OMV Aktiengesellschaft (OMV AG)…
OMV Petrom’s profit fell by 56% in the first half of the year
OMV Petrom’s net profit in the first half of the year was of 867 million lei, down 56% compared to…
OMV Petrom sued ANRE’s obligation to sell gas with a capped starting price on stock exchanges
OMV Petrom asked the court to cancel the order issued in May by which the National Energy Regulatory Authority (ANRE)…
OMV Petrom becomes the first company in Romania to support the TCFD recommendations
OMV Petrom announces its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) on climate…
OMV Petrom: Fuel consumption will decrease by 10% this year and will not recover in 2021
Fuel consumption will fall by 10% this year due to the coronavirus pandemic, and demand will not return to pre-pandemic…
Verchere: Offshore Law delays erode Neptune Deep project
Black Sea gas may help Romania recover economically post-pandemic, but changes to the Offshore Law are delayed, eroding the economic…
2020 Energy Strategy Summit – On thin ice
More than in Romanian, the English word for intention preserves more transparently its Latin birth (in-tensio) and the original meaning…
Popescu: Romgaz must to be part of the consortium that will start exploiting gas in the Black Sea
The Minister of Economy, Energy and Business Environment, Virgil Popescu, said that he wants Romgaz to be part of the…
Verchere, Energy Strategy Summit: Black Sea Gas is a huge opportunity, but it won’t be forever
Black Sea gas is a huge opportunity for Romania, but it will not be forever, and at the moment, the…
OMV Petrom: The intensity of carbon emissions from operations decreased by 22% in 2019 compared to 2010
OMV Petrom has published the Sustainability Report for 2019. The report details the objectives and achievements set out in the…
The first gas transactions for the next year – at a price of 60 lei/MWh
On Friday, the first gas transaction was made with delivery for the entire year 2021 at an average price of…
OMV Petrom won tender for oil and gas exploration perimeter in the Black Sea in Georgia’s offshore area
OMV Petrom, the largest energy company in Southeast Europe, is pleased to confirm that it has been selected as the…
Verchere (OMV Petrom): Quarantine saw a 45% drop in petrol and diesel demand in April
OMV Petrom registered in April gasoline and diesel sales 45% lower than in the same month of 2019, the drastic…
OMV Petrom and Romgaz say that the obligation to trade gas on the stock exchange contradicts the idea of a free market
The obligation of gas producers, imposed by law, to sell on the stock exchange certain quantities, at certain prices, through…
Popa (OMV Petrom): Romania will import 40% of gas in 2030, without Black Sea resources
Romania will end up importing 40% of its gas in 2030, if the Black Sea gases are not extracted, said…
OMV Petrom launches a new edition of the “School of Petroleum Workers” program
OMV Petrom launches a new edition of the vocational education program “School of Petroleum Workers”. It is the first series…
ROPEPCA is concerned that GEO 27/2020 introduces new risks in the O&G Upstream segment
The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) warns that the changes brought to the Petroleum Law no. 238/2004…
Popa, OMV Petrom: For investment in the Black Sea we need a competitive fiscal framework, free market and stability
The project on the exploitation of Black Sea gas represents a huge opportunity for Romania and now is the best…
OMV Petrom and Eldrive will install 30 fast charging points in Romania and Bulgaria
OMV Petrom and Eldrive will install 30 fast charging stations for electric cars in OMV’s fuel distribution stations in Romania…
Romgaz: Discussions regarding the acquisition of a share in the Neptun Deep perimeter, blocked until next year
Discussions regarding the acquisition by Romgaz (SNG) of a stake in ExxonMobil in the offshore perimeter Neptun Deep were put…
Jade Power Trust analyzes the sale of its Romanian assets
Jade Power Trust has formed a special committee to explore several “strategic options”, including a possible partial or total sale…
OMV Petrom and Romgaz, forced to sell 30% of the domestic production in the centralized markets
OMV Petrom and Romgaz will be obliged to auction for 3 years about 30% of the production in the centralized…