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Greenpeace protests against Neptun Deep offshore project developed by OMV Petrom: Greenpeace activists wrote protest messages with yellow paint on the ...
romania-insider.com/greenpeace-protest-neptun-deep-omv-petrom-march-2024
Greenpeace protests against Neptun Deep offshore project developed by OMV ...
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France’s Total gives up exploration of Bulgaria’s largest gas field: French multi-energy company TotalEnergies is withdrawing from oil and gas exploration in the ...
euractiv.com/section/politics/news/frances-total-gives-up-exploration-of-bulgarias-largest-gas-field/
France’s Total gives up exploration of Bulgaria’s largest gas field
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Ford Otosan Romania secures EUR 435 mln for investments in Craiova plant production
romania-insider.com/ford-otosan-romania-loan-craiova-plant-production-2024
Ford Otosan Romania secures EUR 435 mln for investments in Craiova plant ...
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Ford Otosan secures EUR 435 M loan: Automotive manufacturing company Ford Otosan Romania obtained a EUR 435m financing from a syndicate of banks
romaniajournal.ro/top_news/ford-otosan-secures-eur-435-m-syndicated-loan-from-brd-societe-generale/
Ford Otosan secures EUR 435 M loan
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Shanghai Electric opens branch in Romania - The Romania Journal: A company from the Chinese conglomerate Shanghai Electric established a subsidiary in Romania ...
romaniajournal.ro/business/shanghai-electric-opens-branch-in-romania/
Shanghai Electric opens branch in Romania - The Romania Journal
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Report: Romania’s Banca Transilvania is the third strongest banking brand in the world
romania-insider.com/romania-banca-transilvania-third-strongest-banking-brand-world-2024
Report: Romania’s Banca Transilvania is the third strongest banking brand ...
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Leaked photos show the questionable condition of an OMV gas platform in the Black Sea
derstandard.at/story/3000000209832/geleakte-fotos-zeigen-bedenklichen-zustand-einer-omv-gasplattform-im-schwarzen-meer
Leaked photos show the questionable condition of an OMV gas platform in ...
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OMV Petrom gets Resilience funds for two green hydrogen plants in Romania: OMV Petrom, one of the largest energy producers in Southeast Europe ...
romania-insider.com/omv-petrom-resilience-funds-two-green-hydrogen-plants-romania-2024
OMV Petrom gets Resilience funds for two green hydrogen plants in Romania
Quick Glance: OMV Petrom Secures Funding for Two Green Hydrogen Plants in Romania
  • OMV Petrom, a major energy producer in Southeast Europe, has signed financing contracts for two green hydrogen production facilities with a total capacity of 55 MW at the Petrobrazi refinery in Romania.

  • These contracts, concluded with the Romanian Ministry of Energy, have a maximum financing value of EUR 50 million, while the overall investment amounts to approximately EUR 140 million. The funding was secured following the reopening of the procedure to support investments in green hydrogen projects in July 2023, originally initiated in 2022.

  • "As part of Strategy 2030, our commitment involves facilitating the energy transition in Romania and the region, aiming for investments totaling around EUR 11 billion by the end of this decade. Approximately 35% of these investments will be allocated to projects supporting low and zero-carbon emissions. We have made significant progress in renewable energy and electromobility initiatives, and the addition of hydrogen to our low-carbon project portfolio further illustrates our dedication," stated Christina Verchere, CEO of OMV Petrom.

  • The proposed projects seek to establish two water electrolysis plants, each with capacities of 35 MW and 20 MW, respectively, at the Petrobrazi refinery.
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Romania's Romgaz resumes drilling at deep reservoir Caragele: Romania's state-controlled natural gas company Romgaz (BVB: SNG) confirmed that it resumed drilling ...
romania-insider.com/romgaz-resumes-drilling-caragele-2024
Romania's Romgaz resumes drilling at deep reservoir Caragele
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Banca Transilvania acquires OTP Bank Romania under EUR 347 mln deal: After 20 years of presence in Romania, OTP Group signed a binding agreement with local ...
romania-insider.com/banca-transilvania-buys-otp-bank-romania-2024
Banca Transilvania acquires OTP Bank Romania under EUR 347 mln deal
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BRD’s net profit in 2023 increased by 24% to RON 1.65 billion: BRD Groupe Société Générale registered, in 2023, at consolidated level, according to the ...
business-review.eu/money/banking/brds-net-profit-in-2023-increased-by-24-to-ron-1-65-billion-at-net-revenues-of-ron-3-83-billion-257139
BRD’s net profit in 2023 increased by 24% to RON 1.65 billion
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Greenpeace sues OMV Petrom, Romgaz over Neptun Deep natural gas project in Romania's Black Sea
romania-insider.com/greenpeace-sues-omv-petrom-romgaz-neptun-deep-romania-2024
Greenpeace sues OMV Petrom, Romgaz over Neptun Deep natural gas project in ...
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First Smart Lab for Autism Labor Inclusion: The Autism Voice Association and BRD Asigur?ri de Via?? launched the first Smart Lab dedicated to young people and ...
romaniajournal.ro/society-people/romania-inaugurates-first-smart-lab-for-autism-labor-inclusion/
First Smart Lab for Autism Labor Inclusion
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Romgaz reports 3% decline in hydrocarbon production last year: Romanian natural gas producer and supplier Romgaz (BVB: SNG) reported for last year a preliminary ...
romania-insider.com/romgaz-hydrocarbon-production-2023
Romgaz reports 3% decline in hydrocarbon production last year
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OTP Agrees to Sell Romanian Unit to Banca Transilvania: OTP Bank Nyrt., Hungary’s largest lender, is on track to sell its Romanian unit to Banca Transilvania SA ...
bloomberg.com/news/articles/2024-01-22/otp-said-to-agree-to-sell-romanian-unit-to-banca-transilvania
OTP Agrees to Sell Romanian Unit to Banca Transilvania
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Banca Transilvania buys OTP Bank Romania: Banca Transilvania has shaken hands to buy OTP Bank Romania in a reportedly valued transaction of EUR 350 million
romaniajournal.ro/top_news/banca-transilvania-buys-otp-bank-romania/
Banca Transilvania buys OTP Bank Romania
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OMV sued Romania in arbitration court: Apparently the Romanian subsidiary of OMV is suing the Eastern European country before an international arbitration ...
profil.at/wirtschaft/omv-klagte-rumaenien-vor-schiedsgericht/402747361
OMV sued Romania in arbitration court
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A trip to Wearside! 🛣️
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Softronic modernizes 19 locomotives for Romanian passenger railway company: Romanian locomotive producer Sofronic will modernize 19 electric locomotives for the ...
romania-insider.com/softronic-contract-cfr-calatori-jan-2024
Softronic modernizes 19 locomotives for Romanian passenger railway company
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OMV Petrom acquires owner of Romania’s largest EV charging network, stake in wind power portfolio
romania-insider.com/omv-renovatio-electrocentrale-borzesti-jan-2023
OMV Petrom acquires owner of Romania’s largest EV charging network ...
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EIB announces financing for nuclear safety project in Romania: Investments - The European Investment Bank (EIB) and Nuclearelectrica SA have signed a loan ...
business-review.eu/investments/eib-announces-financing-for-nuclear-safety-project-in-romania-255554
EIB announces financing for nuclear safety project in Romania
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Filip & Company assists Banca Transilvania in the launch of a €1.5 billion bond programme, which attracts €500 million in first sustainable bond issue
business-review.eu/business/legal/filip-company-assists-banca-transilvania-in-the-launch-of-a-e1-5-billion-bond-programme-which-attracts-e500-million-in-first-sustainable-bond-issue-254938
Filip & Company assists Banca Transilvania in the launch of a €1 ...
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OMV Petrom to open first LNG/CNG filling station in partnership with Vulcangas Romania
romania-insider.com/omv-petrom-lng-cng-filling-stations-romania-2023
OMV Petrom to open first LNG/CNG filling station in partnership with ...
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Romania’s Electrica confirms plans for 500 MW gas-fired power plant: Romania’s electricity supply and distribution group Electrica (BVB: EL) ...
romania-insider.com/electrica-plans-gas-fired-plant-2023
Romania’s Electrica confirms plans for 500 MW gas-fired power plant
Quick Glance: Electricity Company Plans New Gas Power Plant
  • A Romanian electricity supply and distribution company plans to build a modern gas power plant with a capacity of 500 MW, including hydrogen integration.

  • The facility is set to be developed on the premises of a former power plant in Fantanele, Mures County.

  • The company's CEO has confirmed the commencement of market research for the feasibility study.

  • Despite a decline in net profit, the company saw an increase in EBITDA and market capitalization.
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Idea Bank: Idea Bank has announced that it will change its name to Salt Bank and become the first 100% digital bank in Romania
romaniajournal.ro/business/financial/idea-bank-transforms-into-salt-bank-romanias-first-all-digital-bank/
Idea Bank
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The competition for 4 Scholarships at TEE Executive MBA Programme begins today: International diploma offered by Buckingham University 
romania-insider.com/competition-4-scholarships-tee-executive-mba-programme-begins-today
The competition for 4 Scholarships at TEE Executive MBA Programme begins ...
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Romgaz plans to boost natural gas storage capacity by 50% under EUR 500 mln investment
romania-insider.com/romgaz-boost-gas-storage-capacity-plan-2023
Romgaz plans to boost natural gas storage capacity by 50% under EUR 500 ...
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Auchan, OMV Petrom develop convenience store chain in Romania under EUR 50 mln investment
romania-insider.com/auchan-omv-petrom-stores-romania-2023
Auchan, OMV Petrom develop convenience store chain in Romania under EUR 50 ...
Quick Glance: Auchan and OMV Petrom Develop Convenience Store Chain in Romania with Under EUR 50 Million Investment
  • OMV Petrom and Auchan have installed convenience stores in their nationwide fuel stations, totaling nearly 400 units.

  • The project, involving a 50 million EUR investment from both parties, was completed one year earlier than planned.

  • The integration of the MyAuchan stores was done simultaneously with the modernization of the Petrom stations.

  • Radu Caprau, member of OMV Petrom's Executive Board responsible for Refining and Marketing, said, "Together with our partner Auchan, we will continue to develop initiatives for the benefit of our customers."
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OMV Petrom overthrows Hidroelectrica as most profitable company in region: OMV Petrom is the largest and the most profitable company in Southeast Europe ...
romania-insider.com/omv-petrom-hidroelectrica-most-profitable-region-see
OMV Petrom overthrows Hidroelectrica as most profitable company in region
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Gas against Schengen accession: Bulgaria and Romania are increasing the pressure on Austria to lift its Schengen veto - and are relying on gas as a means of ...
profil.at/wirtschaft/gas-gegen-schengen-beitritt/402644348
Gas against Schengen accession
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Romania’s small modular reactor project gets key permit from regulator: Romania’s nuclear company Nuclearelectrica (BVB: SNN) and its US partner NuScale Power ...
romania-insider.com/romania-small-nuclear-reactor-key-permit-2023
Romania’s small modular reactor project gets key permit from regulator
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Gas pipeline explosion on highway construction site in Romania leaves four dead, five injured
romania-insider.com/explosion-highway-construction-site-romania-2023
Gas pipeline explosion on highway construction site in Romania leaves four ...
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Romania’s Transgaz takes over national natural gas transportation system in Moldova
romania-insider.com/romania-transgaz-gas-transportation-system-moldova-takeover-2023
Romania’s Transgaz takes over national natural gas transportation system ...
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Banca Transilvania, Raiffeisen in race for OTP’s Romanian subsidiary: The sale of OTP Bank Romania - the submission of final offers, the selection of a winner - ...
romania-insider.com/banca-transilvania-raiffeisen-race-otp-romania-2023
Banca Transilvania, Raiffeisen in race for OTP’s Romanian subsidiary
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OMV delegation visits Romania to talk Offshore Law: OMV CEO Alfred Stern is coming to Bucharest on September 18, in the context of the lawsuit the Austrian ...
romania-insider.com/omv-petrom-delegation-visit-romania-sept-2023
OMV delegation visits Romania to talk Offshore Law
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Romania’s OMV Petrom leaves the London Stock Exchange in October: Romanian oil and gas group OMV Petrom (BSE ticker:
romania-insider.com/omv-petrom-leaves-london-stock-exchange
Romania’s OMV Petrom leaves the London Stock Exchange in October
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“We have been supporting the cultural community for decades, and although the partnership with Romania’s most prestigious music festival is a crowning ... Show more
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OMV: Back to gas: he domestic oil group wants to develop a second gas field in the Black Sea with its Petrom subsidiary and a consortium. Meanwhile ...
profil.at/wirtschaft/omv-zurueck-zum-gas/402561701
OMV: Back to gas
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MSCI adds more Romanian companies to its indices: Ten companies listed at the Bucharest Stock Exchange (BVB) have been included in the MSCI Frontier IMI and MSCI ...
romania-insider.com/msci-ten-more-romanian-companies-august-2023
MSCI adds more Romanian companies to its indices
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Romania’s grid operator endorses record volume of new wind farm projects in June: The electric grid operator Transelectrica issued connection permissions (ATRs) ...
romania-insider.com/transelectrica-record-wind-farm-projects-jun-aug-2023
Romania’s grid operator endorses record volume of new wind farm projects ...
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Rusu+Borțun signs the new Electrica Furnizare campaign: Media & Marketing - Rusu+Borțun agency recently carried out the campaign "When everything is good at your ...
business-review.eu/business/media-marketing/rusubortun-signs-the-new-electrica-furnizare-campaign-249882
Rusu+Borțun signs the new Electrica Furnizare campaign
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OMV Petrom signs EUR1.6 bln contract within the Neptun Deep project - The Romania Journal
romaniajournal.ro/business/omv-petrom-signs-eur1-6-bln-contract-within-the-neptun-deep-project/
OMV Petrom signs EUR1.6 bln contract within the Neptun Deep project - The ...
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OMV confirms largest gas discovery in Austria in 40 years: In Wittau (Lower Austria), recoverable resources are estimated at 48 TWh. This is expected to increase ...
diepresse.com/13456582/omv-bestaetigt-groessten-gasfund-in-oesterreich-seit-40-jahren
OMV confirms largest gas discovery in Austria in 40 years
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Romania's listed banks expected to outperform in H2: After losing ground in the first part of the year, the shares of Banca Transilvania (BVB: TLV
romania-insider.com/listed-banks-ro-performance-h2-jul-2023
Romania's listed banks expected to outperform in H2
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Romania’s Romgaz announces 5% y/y lower natural gas production in H1: The total hydrocarbon production of Romanian state-controlled gas company Romgaz (BVB: SNG) ...
romania-insider.com/romgaz-gas-production-h1-2023
Romania’s Romgaz announces 5% y/y lower natural gas production in H1
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The head of OMV: Start of gas production at Neptun Deep by 2027 - The Romania Journal
romaniajournal.ro/business/the-head-of-omv-start-of-gas-production-at-neptun-deep-by-2027/
The head of OMV: Start of gas production at Neptun Deep by 2027 - The ...
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OMV Petrom to install over 400 ultra-fast EV charging points in the region, most in Romania
romania-insider.com/omv-petrom-400-charging-stations-region-romania-2023
OMV Petrom to install over 400 ultra-fast EV charging points in the region ...
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Minister says two new nuke reactors will cost Romania over EUR 6.5 bln: The two new reactors that state-controlled company Nuclearelectrica (BVB: SNN) wants to ...
romania-insider.com/romania-new-nuke-reactors-cost-estimate-2023
Minister says two new nuke reactors will cost Romania over EUR 6.5 bln
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Filip & Company assists Banca Transilvania in the EUR 200 million bond issue: Legal - Filip & Company assisted Banca Transilvania with the second bond issue ...
business-review.eu/business/legal/filip-company-assists-banca-transilvania-in-the-eur-200-million-bond-issue-248974
Filip & Company assists Banca Transilvania in the EUR 200 million bond ...
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Banca Transilvania raises EUR 200 mln from IFC and AAIB for green mortgage lending
romania-insider.com/banca-transilvania-ifc-aaib-bonds-green-mortgage-2023
Banca Transilvania raises EUR 200 mln from IFC and AAIB for green mortgage ...
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Hidroelectrica likely valued at EUR 9.4 bln under heavily oversubscribed IPO: The initial public offering (IPO) of Romanian hydropower company Hidroelectrica ...
romania-insider.com/hidroelectrica-ipo-value-oversubscribed-july-2023
Hidroelectrica likely valued at EUR 9.4 bln under heavily oversubscribed ...
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17.3% of Hidroelectrica for sale as IPO begins at Bucharest Exchange: Romania's Financial Supervisory Authority (ASF) endorsed on June 22 the Prospectus ...
romania-insider.com/hidroelectrica-ipo-begins-bucharest-exchange-june-2023
17.3% of Hidroelectrica for sale as IPO begins at Bucharest Exchange
Quick Glance: Hidroelectrica IPO: 17.3% of the company for sale
  • Depending on the demand, FP may decide to sell its entire stake (89.7 million shares).

  • The price for individual investors was set at RON 112 per share with a 3% discount for the first five working days.

  • Hidroelectrica and FP will be subject to a prohibition of alienation of Hidroelectrica's shares from June 22, 2023, to 180 days after listing.

  • The subscription period is expected to begin on June 23 and expire eight working days later on July 4. The outcome will be announced on July 5, and the shares will be transferred to the buyers on July 10 - two days before they are available for trading at Bucharest Exchange (BVB).
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OMV Petrom sues Romania at arbitration court over Offshore Law: OMV Petrom filed this year with the International Court of Arbitration in Paris a complaint ...
romania-insider.com/omv-petrom-sues-romania-offshore-law-2023
OMV Petrom sues Romania at arbitration court over Offshore Law
Quick Glance: OMV Petrom files arbitration complaint against Romania over Offshore Law
  • OMV Petrom filed a complaint this year with the International Court of Arbitration in Paris against the Romanian state regarding the regulations on trading Black Sea natural gas, according to government sources cited by G4Media.ro.

  • The complaint is also directed against Romgaz Black Sea Limited, OMV Petrom's partner in the Neptun Deep offshore gas project, although the nature of the complaint is unclear.

  • Most likely, it is related to a provision of the law that allows the government to temporarily direct part of the gas output, at a regulated price, to households or other purposes as required by European solidarity mechanisms.

  • Christina Verchere, OMV Petrom CEO, stated as early as July 2022, when the Offshore Law was last amended, that she requested additional clarifications from the authorities regarding the regulations.
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Iranian film Like a Fish on the Moon, winner of the Transilvania Trophy at Transilvania IFF.22 - The Romania Journal
romaniajournal.ro/spare-time/iranian-film-like-a-fish-on-the-moon-winner-of-the-transilvania-trophy-at-transilvania-iff-22/
Iranian film Like a Fish on the Moon, winner of the Transilvania Trophy at ...
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OMV Petrom and Romgaz move ahead with Neptun Deep offshore project: OMV Petrom and Romgaz, the largest gas producers in Romania, have greenlit plans to develop ...
romania-insider.com/omv-petrom-and-romgaz-move-ahead-neptun-deep-offshore-project
OMV Petrom and Romgaz move ahead with Neptun Deep offshore project
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Plan to Develop Romanian Black Sea Gas Fields Unveiled: OMV and Romgaz announced major plans to exploit gas fields in Romania's Black Sea waters ...
balkaninsight.com/2023/06/21/plan-to-develop-romanian-black-sea-gas-fields-unveiled/
Plan to Develop Romanian Black Sea Gas Fields Unveiled
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Globalworth secures new lease agreement with Banca Transilvania: Globalworth announces today the signing of a lease agreement with Banca Transilvania ...
business-review.eu/property/globalworth-secures-new-lease-agreement-with-banca-transilvania-247766
Globalworth secures new lease agreement with Banca Transilvania
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OMV Petrom and Hidroelectrica were most profitable companies in Romania in 2022: OMV Petrom, Hidroelectrica and Complexul Energetic Oltenia were the most ...
romania-insider.com/omv-petrom-hidroelectrica-most-profitable-romania-2022
OMV Petrom and Hidroelectrica were most profitable companies in Romania in ...
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OMV and Romgaz took the final decision to exploit the gas from the Neptun Deep project - The Romania Journal
romaniajournal.ro/business/omv-and-romgaz-took-the-final-decision-to-exploit-the-gas-from-the-neptun-deep-project/
OMV and Romgaz took the final decision to exploit the gas from the Neptun ...
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Romania's Transgaz begins works at EUR 500 mln BRUA-Black Sea pipeline: Romania's natural gas transport system operator Transgaz signed with a Turkish ...
romania-insider.com/romanias-transgaz-begins-works-eur-500-mln-brua-black-sea-pipeline
Romania's Transgaz begins works at EUR 500 mln BRUA-Black Sea ...
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Gas in the Black Sea: hesitation around Romanian OMV project.: OMV's Romanian subsidiary Petrom must decide by summer whether to invest in developing the Neptune ...
profil.at/wirtschaft/gas-im-schwarzen-meer-zoegern-um-rumaenisches-omv-projekt/402417479
Gas in the Black Sea: hesitation around Romanian OMV project.