Romanian oil and gas company OMV Petrom has reported a 57% decline in its fourth-quarter adjusted operating profit, attributed to regulatory impacts on gas and power, and weaker commodity prices.

February 4, 2025 Romania's OMV Petrom quarterly profit sinks 57% on weaker prices, regulatory pressure Romanian oil and gas group OMV Petrom reported a 57% slump in fourth-quarter adjusted ...

The largest payoff may come in Romania, where OMV Petrom, a subsidiary, is preparing to develop a major gas discovery in the Black Sea called Neptun Deep. If successful, it should cement Romania ...

OMV Petrom, a majority-owned Romanian oil and gas supplier, has launched a tender to seek EPC contractors for the deployment of a 710 MW solar project in Babaita, Romania. The plant will consist ...

Neptun Deep is the largest natural gas project in the Romanian Black Sea. OMV Petrom has let contracts totaling more than $10 million to Expro for the Neptun Deep gas project in the Black Sea.

Amsterdam-based DRI, a renewables subsidiary of Ukraine’s DTEK, has signed a PPA with Romanian energy producer OMV Petrom in Romania. Under the terms of the agreement, OMV Petrom will purchase ...

Petrom has estimated oil and gas reserves of 1 billion boe, an annual refining capacity of 8 million metric tons and around 550 filling stations in Romania. Austrian OMV, the leading oil and gas ...