Bulgaria is ready to play an active role in the exploration of gas and oil fields in the Black Sea, joining forces with international energy companies OMV and NewMed, announced the Minister of Energy, Zhecho Stankov, who is at the end of his term, Novinite reports. The state will take over 10% of the Han […]
OMV Petrom, the largest integrated energy producer in Southeastern Europe and operator of the offshore Han Asparuh block, together with partner NewMed Energy, announce progress in exploration activities at the Han Asparuh block, according to a press release. “We are delighted to start exploration drilling in Bulgaria – a major step that strengthens our presence […]
Petrom, the largest oil and gas producer in Southeastern Europe, which has a renewables target of 2,500 MW installed by 2030, is already building 800 of them. “A new and exciting area. We are pleased. As I mentioned in the presentation, we have 800 MW under construction. We have 70 MW already in operation. The […]
Austrian oil, gas and chemicals group OMV, which controls OMV Petrom, plans to lay off 2,000 of its 23,000 employees worldwide, the Kurier newspaper reported on Thursday evening, quoted by Reuters. Citing unions, the newspaper said the company’s Romanian subsidiary, Petrom, would be particularly affected, and cuts were also planned at its refinery in southern […]
OMV Petrom, the largest energy producer in South-Eastern Europe, is expanding its activity in the bitumen sector through two strategic partnerships with Romanian companies, the company said in a press release. The company is already present in this market, and the new partnerships will support the development of road infrastructure in Romania. OMV Petrom will […]
OMV Petrom reported that it had detected early contamination of crude oil imported from Azerbaijan to be refined at Petrobrazi, the crude oil did not reach the refinery, which is operating within normal parameters. Fuel distribution is not affected and the company has found other crude oil to replace the contaminated one. What OMV Petrom […]
Petrom, which through the Brazi power plant is one of the significant electricity producers in Romania, aims to recover the losses it reported in this segment in the first half of the year by the end of 2025. Petrom officials said that the elimination of the surcharge on electricity production and electricity trading will make […]
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, announces the discovery of a new natural gas field in Spineni, located approximately 70 km northeast of Craiova. The gas will be exploited. The Spineni 1 exploration well, drilled to a depth of approximately 4,800 meters, confirmed the presence of natural gas and condensate, the […]
OMV Petrom SA has signed a supply contract with Astra Bioplants Ltd for the purchase of pre-treated used oil, the energy company said in a statement. The contract is for a period of five years, with the possibility of extension for another three years, with deliveries to begin in 2028. The pre-treated used oil is […]
OMV Petrom, one of the two companies that will extract gas from the Neptun Deep area in the Black Sea, will deliver part of it to the state supplier of the Republic of Moldova, Energocom, according to a statement from the Ministry of Energy. The signed contract provides for the supply of natural gas for […]
Shell Exploration and Production (96) BV, a subsidiary of Shell PLC, will explore for oil and gas in Block 1-26 Han Tervel, located in Bulgaria’s exclusive economic zone in the Black Sea, according to media reports. The contract has been signed. The block is adjacent to Han Asparuh, which is licensed by OMV Petrom. The […]
OMV Petrom and Romgaz have started drilling for the development and exploitation of the Pelican Sud and Domino natural gas fields in the Neptun Deep perimeter, located 160 km offshore the Black Sea. According to a press release submitted on Tuesday, AGERPRES, the project is progressing according to plan, with the first production estimated for […]
As such, OMV Petrom has chosen to purchase energy in the forward market in order to have something to honor, at least partially, its electricity delivery contracts for the period in which its power plant is shut down for maintenance. Last week, on Thursday and Friday, Petrom purchased, through several contracts concluded on the bilateral […]
The heads of OMV and OMV Petrom had a meeting today at Cotroceni Palace with interim President Ilie Bolojan. Here is the full press release from the Presidential Administration: The interim President of Romania, Ilie Bolojan, received on Monday, March 17, 2025, at Cotroceni Palace, a delegation of OMV Petrom, consisting of members of the […]
