OMV Petrom and ROMGAZ have commenced drilling the first well in the Neptun Deep project, which is claimed to be the largest ...

Romania’s OMV Petrom has started drilling a first development well to commercialise natural gas reserves at the Pelican South ...

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 ...

Hungary aims to expand its cooperation with Romania in the gas sector to diversify energy sources. Companies are already in talks regarding an agreement for gas from a new field, Reuters reports, ...

OMV Petrom SA has begun constructing a sustainable aviation fuel (SAF) and renewable diesel unit with a combined capacity of 250,000 metric tons a year at its Petrobrazi refinery in Romania.

February 4, 2025 Romania's OMV Petrom quarterly profit sinks 57% on weaker prices, regulatory pressure Romanian oil and gas group OMV Petrom reported a 57% slump in fourth-quarter adjusted ...

OMV Petrom CEO Christina Verchere said: "The start of drilling is an important milestone for the progress of Neptun Deep – a project of strategic importance for Romania. By developing this ...