The state-backed companies launched development drilling in the Neptun Deep gas block on Romania's side of the Black Sea, expecting to start production 2027. SNGN Romgaz SA and OMV Petrom SA have ...

He refused to comment on the current investigation in Romania ... Petrom shares from the states stake. Ruttenstorfer said that OMV has no intention to sell Arpechim Pitesti and Doljchim Craiova ...

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 ...

OMV Petrom and ROMGAZ have commenced drilling the first well in the Neptun Deep project, which is claimed to be the largest natural gas project in the Romanian Black Sea and the first deep-water ...

The investments from NewMed Energy bear “a significant part of the costs of the exploration and appraisal operations”, said OMV Petrom. “Given its proximity to Romania and geological ...