Read more about Romanian OMV Petrom's Brazi power plant shut down due to state water restrictions on Devdiscourse ...

Romania-based OMV Petrom has discovered a new natural gas reservoir in Spineni, marking a notable development in Southeastern Europe's energy sector. Located approximately 70km north-east of the ...

OMV Petrom SA, Bucharest, has completed a project to boost bioblending capacity as well as improve infrastructure for transport, unloading, and storage of biocomponents at its 4.5-million tonnes/year ...

BUCHAREST, Feb 2 (Reuters) - Romanian oil and gas group OMV Petrom ROSNP.BX is "closer than ever" to starting construction of its Neptun Deep gas project, its chief executive said on Thursday of the ...

Clean CCS Operating Result: RON1.4 billion, a 16% decrease year on year. Operating Cash Flow: RON2.2 billion, a 13% increase year on year. Clean CCS Return on Average Capital Employed: 12.8%. Brent ...

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 ...

The four projects have a total installed capacity of approximately 550 MW, higher than initially estimated capacity of 450 MW, due to contractors’ proposed solutions aiming to maximize power ...

OMV Petrom acquires from Enery Element 50% of the shares held in Dunav Solar Plant EOOD, which is developing the Gabare photovoltaic project with an installed capacity of approximately 400 MW. In ...

OMV Petrom SA, Romania’s largest oil company, said its 2014 net income declined 56 percent from a year earlier as falling oil prices caused a loss in the fourth quarter. Profit dropped to 2.1 billion ...

OMV Petrom SA, Romania’s biggest oil company, will invest 400 million euros ($527 million) in the next two years to boost output from nine existing domestic oil and gas fields, the company’s top ...