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).

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

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 said capital expenditure this year is expected to rise by 70% to about 6 billion lei ($1.35 billion), with investment geared mainly towards Neptun Deep, low and zero-carbon projects and ...

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OMV Petrom identified crude oil resources totaling around 20 MMboe in the Verguleasa exploration area, Oltenia region, representing the company’s largest crude oil discovery in decades.

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.

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 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 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, ...