Natural gas prices will increase on the Romanian market in this last quarter of the year, but they will be lower than those on European markets, and this price difference is greater than in previous years, said OMV Petrom officials, the second gas producer from Romania in terms of volume, at the teleconference with investors. […]
Cristian Hubati, director responsible for the Exploration and Production activity at OMV Petrom, says that the gas extraction project is on schedule, both in terms of time and budget. Drilling will begin next year after the rig is dismantled to cross the Bosphorus and reassembled. “We are on schedule with the Neptun Deep project, and […]
After obtaining all necessary building permits, ANRE’s setting-up permit, and signing the connection contract in September, Jantzen Renewables is happy to announce that the sales agreement with OMV Petrom has been finalized. The transaction is now complete, and OMV Petrom has assumed full ownership of the project. The projects are to be developed in Teleorman […]
Jantzen Renewables, the company that developed the 710 MWp photovoltaic project in southern Romania bought by Petrom last year, says that, after 15 months, it has received all the approvals and authorizations to start the actual construction of the park. Power production is expected to begin in two years. “The Helios Project team is pleased […]
OMV Petrom and the parent company OMV entered the InnoEnergy shareholding, joining giants such as ING, Renault, VW, Schneider or SocGen. “We are delighted to welcome three new investors joining us as shareholders: OMV, based in Austria, which strives to become an integrated chemicals, fuels and sustainable energy company; OMV Petrom, Romanian integrated energy company; […]
OMV Petrom is “actively” looking for a partner for the development of the Han Asparuh offshore project, after becoming the operator and taking over the participation of TotalEnergies, “As you know, the Bulgarian Council of Ministers approved the transfer of the Total Energies stake, now all the procedural steps are being followed. With regard to […]
The Austrian group OMV, the majority shareholder of OMV Petrom, announced on Thursday that it has revised upwards its estimates for 2030, the reason being a more favorable market context for oil, natural gas and refining margins, informs Reuters, cited by Agerpres. Ahead of a meeting with investors to be held in London, OMV informed […]
The Bulgarian government approved the exit of the French from Total from the Han Asparuh crude oil and gas exploration perimeter, by transferring the stake to the local subsidiary OMV, which is controlled by Petrom. Thus, Petrom, which had become the operator last year, is now the sole shareholder of the block. OMV Offshore Bulgaria […]
ANRE issued the operating permit for the photovoltaic park projects with a total capacity of 710 MW in Teleorman that Petrom bought from Jantzen Renewables. If all goes according to plan, the parks would be producing electricity in 2026. “The establishment authorization requested by the company JR TELEORMAN S.R.L. for the realization of the new […]
OMV Petrom, the largest integrated energy producer in Southeast Europe, announces the signing of two PNRR financing contracts for the construction of two green hydrogen production capacities with a total capacity of 55 MW at the Petrobrazi refinery. The contracts were signed with the Ministry of Energy for a maximum financing value of 50 million […]
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