Romanian energy major OMV Petrom has marked its entry into the renewable energy sector by completing two strategic acquisitions. The company has acquired a 50% stake in Electrocentrale Borzești ...

OMV Petrom has said it expected a decision around the middle of this year for the Neptun Deep gas project, estimated to cost around 4 billion euros ($4.32 billion).

OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51.2 percent stake in OMV Petrom, while the remaining 6.4 percent is held by other foreign investors.

R omania-based OMV Petrom has discovered a new natural gas reservoir in Spineni, marking a notable development in ...

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OMV Aktiengesellschaft’s majority owned OMV Petrom SA has taken final investment decision (FID) to build a new plant for production of sustainable aviation fuel (SAF) and renewables-based diesel ...

OMV Petrom discovered 1.5-3 trillion cubic feet of gas in the Black Sea it had planned to extract with Exxon Mobil XOM.N until the company's exit. Romgaz is acquiring Exxon's stake.

OMV Petrom, an integrated energy producer, has expanded its partnership with Romanian green energy company Renovatio by purchasing a 50% stake in three solar projects totaling 130 MW.

OMV Petrom said the transaction is expected to complete in the second quarter of 2024, when the farms will reach the “ready-to-build” phase. The farms, in the Teleorman county, ...

OMV Petrom, majority-controlled by Austria's OMV OMVV.VI discovered 1.5-3 trillion cubic feet of gas in the Black Sea it had planned to extract jointly with Exxon Mobil XOM.N until the company's exit.