OMV Petrom, the largest integrated energy producer in South-Eastern Europe, and SNGN ROMGAZ SA, the largest producer and main supplier of natural gas in Romania, announce the start of works on the offshore pipeline that will take gas from the sea and bring it to shore, marking an important progress in the Neptun Deep project, […]
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, and RNV Infrastructure announce that three wind projects, with a total installed capacity of approximately 300 MW, are entering the execution phase after the adoption of the final investment decision (FID). The projects already have the necessary authorizations, and production is estimated to start, in […]
Long-term energy consumption will increase in Romania and I believe that in the local energy market the ability to sign longer-term contracts will ensure security of supply and offer a better price, said Christina Verchere, CEO of OMV Petrom. “The project (Neptun Deep, ed.) is going well. We have now drilled the first four wells […]
OMV Petrom, the largest oil and gas producer, is slightly changing its investment policy, increasing its focus on traditional business, according to financial data for 2025, presented today. “Total gross investments of approximately 11 billion euros for the 2022-2030 strategy period are maintained, with the share of investments in the Transition to low and zero […]
OMV Petrom and CE Oltenia have started the construction of photovoltaic parks with a total capacity of 550 MW. The electricity produced is estimated to cover the equivalent of the annual consumption of around 410,000 households, contributing to national and European climate objectives. (Estimate based on the average capacity factor for solar energy in Romania […]
OMV Petrom aims to continue exploring and developing large-scale opportunities for natural gas resources in deep waters, while focusing on continuing the exploration and development of mature fields in Romania, according to the company’s CEO, Christina Verchere. ”OMV Petrom has been and remains a long-term partner for Romania in the development of the country’s natural […]
OMV Petrom, the largest integrated energy company in South-Eastern Europe, has completed the acquisition of the 50% interest in the Gabare photovoltaic project, developed by Enery in Bulgaria. Announced in June 2025, the transaction marks a significant step in OMV Petrom’s regional expansion and in strengthening its renewable energy portfolio. Located in Gabare, Byala Slatina […]
OMV Petrom, the largest energy company in Southeastern Europe, posted a net profit of 2.088 billion lei in the first six months of the year, on sales of 17 billion lei, according to data presented by the company. The profit is down 21% compared to the same period last year, with revenues down just 1%. […]
Neptun Deep, the natural gas extraction project in the Black Sea involving Petrom and Romgaz, is moving forward to deliver the first gas on time, in 2027, according to the schedule, Petrom says. The Neptun Deep project is being developed by OMV Petrom and Romgaz, each company having a 50% participation share in the project. […]
OMV Petrom, the largest energy company in Romania, recorded decreases in several business lines in the second quarter of the year, from an operational point of view, with the exception of gas sales to third parties and electricity production, according to data transmitted by the company. OMV Petrom’s total hydrocarbon production was, in the second […]
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, and Enery become partners in a large-scale photovoltaic project located in Byala Slatina, near Sofia, Bulgaria. Thus, OMV Petrom acquires from Enery Element 50% of the shares held in Dunav Solar Plant EOOD, which is developing the Gabare photovoltaic project with an installed capacity of […]
Energocom has been designated as the universal supplier of natural gas in the Republic of Moldova and the company has signed or is negotiating new bilateral contracts, such as the one with OMV Petrom for gas from the Neptun Deep perimeter, or with Nuclearelectrica, to participate in the construction of the new nuclear reactors at […]
OMV Petrom and Israeli company NewMed Energy have agreed to drill a new well in the Han Asparuh offshore block in the Bulgarian Black Sea, after approving the exploration program and first drilling in March, according to the specialized press. The drilling of the Krum-1 well is expected to start after the completion of the […]
OMV Petrom, the largest integrated energy producer in Southeastern Europe, announces that, starting this year, its sustainability reporting is integrated into the company’s Annual Report. This step reflects the company’s commitment to transparency and responsible business practices, in line with its Strategy 2030, which sets the course for transforming the company for a lower-carbon future. […]
