LONDON, UK: OMV Petrom, the largest integrated energy company in Southeast Europe, announced on Monday that it has signed the financing contracts to build four photovoltaic parks with a total capacity of around 450 MW in Romania. The financing contracts have been signed by the Ministry of Energy, as the contracting authority, and by the…
Tag: OMV Petrom
OMV Petrom discovers significant crude oil and gas resources in Southern Romania
BUCHAREST, ROMANIA: OMV Petrom, the largest integrated energy company in Southeast Europe, has made significant discoveries of crude oil and natural gas resources in the Oltenia and Muntenia regions of southern Romania. The newly discovered deposits hold over 30 million barrels of oil equivalent (boe) of recoverable resources, representing a substantial addition to OMV Petrom’s…
OMV Petrom secures EUR 39 million financing for green hydrogen project
LONDON, UK: OMV Petrom, the largest integrated energy company in Southeast Europe, has announced that it has signed a financing contract with the Ministry of Energy for the construction of a green hydrogen production capacity by water electrolysis at the Petrobrazi refinery. The contract is part of the National Plan for Recovery and Resilience and…
Fondul Proprietatea selling upto 2.85bn shares in OMV Petrom
LONDON, UK: Franklin Templeton International Services, in its capacity of alternative investment fund manager (FTIS) of Fondul Proprietatea S.A. has launched an accelerated bookbuild offering of up to 1.7 billion ordinary shares, plus an upsize option of further up to 1.15 billion ordinary shares held by the Fund in OMV Petrom S.A. OMV Petrom S.A….
OMV Petrom enters the LNG distribution market
LONDON, UK: OMV Petrom, the largest energy company in South-Eastern Europe, has obtained a license to commercialize liquefied natural gas (LNG), thus diversifying its activities on the gas market and related products, a news release said. Franck Neel, member of the OMV Petrom Executive Board, responsible for Downstream Gas: “OMV Petrom’s entry on this market is…
OMV Petrom to be operator of Neptun Deep block, as Romgaz finalizes deal with ExxonMobil
LONDON: OMV Petrom and Romgaz are cooperating to unlock the natural gas resources in the Black Sea. These are essential for Romania’s energy security, for the success of the energy transition and for generating economic growth, a news release said. In case of acceptance of the Romgaz offer by ExxonMobil, OMV Petrom will act as…
OMV Petrom proceeds with EUR 32 million new drilling campaign in the Black Sea
LONDON: OMV Petrom, the largest energy company in Southeastern Europe, initiated a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. The first drilling operations started at the end of December 2020 and the drilling of the second well will start at the beginning of this year. The…
OMV Petrom and Enel X to install 10 fast recharging stations for electric cars in Romania
LONDON: OMV Petrom, the largest energy company in Southeastern Europe, and Enel X România will install 10 fast recharging stations for electric cars, in OMV and Petrom filling stations, during the next months. The fast recharging stations will be installed in OMV and Petrom filling stations covering a distance of approximately 380 kilometers on the…
OMV Petrom completes acquisition of OMV Offshore Bulgaria entering Han-Asparuh
LONDON: OMV Petrom, the largest energy company in Southeastern Europe, completed the transaction for the acquisition of 100% of the shares in OMV Offshore Bulgaria GmbH from OMV Exploration & Production GmbH and enters the Han-Asparuh exploration block in Bulgaria. Following Repsol’s exit, the Bulgarian regulator approved the allocation of Repsol’s 30% participating interest to…