Neel (OMV Petrom): Romania can become largest gas producer in Europe

Romania has the opportunity to become the largest gas producer in Europe, especially through the advantages offered by the resources of the Black Sea, Franck Neel, member on the OMV Petrom Board told on Thursday a specialized debate. "OMV Petrom is based in Eastern Europe, where we want to develop the company, in terms of energy transition.

Hungarian energy group MOL buys OMV’s Slovenian service stations

Ljubljana – Hungarian energy group MOL has acquired a network of 120 service stations operated by Austrian energy group OMV in Slovenia, subject to regulatory approval. The purchase consideration for the outright stake in the company OMV Slovenija is EUR 301 million, MOL announced on Tuesday.

Romgaz, ready to take over offshore drilling project amid unexpectedly high interest of banks

Romgaz is ready to take over ExxonMobil's share in the Neptun Deep Black Sea offshore natural gas project, and funding that will be a mix of equity and raised money, Romgaz Director General Aristotle Jude told a news conference on Tuesday. "On March 31, we submitted an offer to take over ExxonMobil's share in the Neptun Deep block.

ANRM: Romania's interest is in Black Sea natural gas investment to start in 2022, or deposits will devalue

 Romania's interest is for investment in the Neptune Deep field in the Black Sea to start in 2022, otherwise the natural gas there will lose its value, said on Thursday Director of the National Mineral Resources Agency (ANRM) Sorin Gal.

EnerMin Popescu: First Romanian gas molecule from Black Sea perimeter to be drilled this year

The first Romanian gas molecule in the Black Sea will be drilled this year by the Black Sea Oil&Gas company from the Aurora perimeter, and from the Neptune Deep area it will probably happen in 2025, Energy Minister Virgil Popescu said on Monday evening on private B1 TV broadcaster.

Romania Launches Drive to Partially Privatise State-Owned Firms

Govt must repeal ban on share sales

According to finance ministry data, the Romanian state owns 208 companies, of which 67 were loss-making as of September 30, 2020. Their combined net losses amounted to 1.97 billion lei or more than 400 million euros in the first nine months of last year. Some 54 had debts amounting to 3.92 billion lei, or more than 800 million euros.

OMV Wants to Sell its 287 Gas Stations in Germany

The Austrian energy company OMV wants to sell its 287 gas stations in Germany. The company announced its intentions in Vienna on Thursday. "With this possible sale of the OMV gas station business in Germany, OMV Aktiengesellschaft is actively moving towards managing its portfolio in the direction of sustainable and profitable growth," the statement said.