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…
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OMV Petrom
Oana Bucur, FPPG: Changing the Offshore Law, essential in unlocking major investments
Energy producers consider it essential to amend the offshore law that would allow the unblocking of major investments, such as…
Chisăliță: The free gas connection program must be stopped, because it leads to price increases for everyone
Authorities should stop the program of free connection of Romanian consumers to the gas network, as this leads to higher…
OMV Petrom supports humanitarian aid operations for refugees from Ukraine
OMV Petrom joins the efforts of civil society and the Romanian authorities in supporting refugees from Ukraine. Thus, the company…
OMV Petrom and Tinmar want to build new solar and gas power plants together with CE Oltenia
OMV Petrom and Tinmar will be the partners of the Oltenia Energy Complex in 9 of the 10 projects of…
Ministry of Energy is in talks with many external partners to diversify gas sources
The Ministry of Energy has had numerous meetings with foreign partners to diversify gas sources and ensure independence from Russian…
Michal Wendolowski (Bellona Europa): An EU strategy for CCS would help a lot, as the focus has changed
Looking forward to see more development around Carbon Capture & Storage – CCS in the wider Central and Eastern European…
CE Oltenia will be restructured with OMV Petrom and Tinmar Energy; a new call for investors is scheduled for February
The Oltenia Energy Complex is in negotiations with the companies with which it will partner for the construction of photovoltaic…
Verchere: High gas prices are not reflected in profit, with a tax rate of 47%
High gas prices are not reflected in OMV Petrom’s results due to extremely high taxation – in 2021, the effective…
Franck Neel: Gas and electricity prices will fall this year
OMV Petrom expects a drop in gas and electricity prices starting next summer, but not at the levels of previous…
OMV Petrom has planned investments of 4 billion lei in 2022
In the fourth quarter of 2021, demand for OMV Petrom products has already returned to pre-pandemic levels. Against this background,…
Fondul Proprietatea sold 4% of OMV Petrom for about 1 billion lei
Fondul Proprietatea (FP) sold about 4% of its 7% package of OMV Petrom shares to investors, for about 978 million…
OMV Petrom’s gas production fell 14.5% in Q4
OMV Petrom’s gas production was 14.5% lower in the last quarter of last year (Q4) compared to the same period…
Petrobrazi Ploieşti Refinery, affected by a voltage variation
Several installations of the Petrobrazi Ploieşti refinery, owned by OMV Petrom, were stopped and restarted, due to a voltage variation…
OMV Petrom supports with 1.5 mln. euro the project “Minutes of flight, for hours of life”
OMV Petrom supports with 1.5 million euros the project “Minutes of flight, for hours of life”, carried out by the…
OMV Petrom: Employee remuneration is at competitive levels for the relevant oil and gas industry
The remuneration of OMV Petrom employees is at competitive levels for the relevant oil and gas industry and includes fixed…
Efficient Romania: From 2030, all new buildings could have zero carbon emissions
The European Commission proposes that, from 2030, all new buildings and those undergoing major renovation should have zero carbon emissions,…
Large-scale capping and compensation
The price of gas in suppliers’ offers for household consumers in Romania increased over 4-fold during September 2019 – November…
Efficient Romania: About 80% of buildings in Romania need energy renovation
The renovation rate of buildings in Romania remains very low, despite the huge need to increase their energy performance, say…
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…
OMV Petrom will invest in 100 e-charging stations in Southeast Europe by the end of 2022
OMV Petrom will be the first energy company with an electro-mobility infrastructure present in four countries in Southeast Europe, the…
Sources: Romgaz-Exxon deal for the Neptune Deep takeover, approved “without any problems”
Although it was postponed at the first shareholders’ call, which took place yesterday, the transaction by which Romgaz takes over…
Maximescu, OMV Petrom: We could have had gas from the Black Sea, instead we freeze in the Parliament Palace
Gas production in the Black Sea should have started this winter, if the authorities had adopted the legislation in time…