Latest news
Romania's OMV Petrom starts 30 mln euro new offshore drilling campaign
Romania's top oil and gas group OMV Petrom said on Monday it has started a 30 million euro ($34 million) new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea.
read more... 04/07/2019
Romanian group OMV Petrom declares Brazi power plant is now 100% functional
Romanian group OMV Petrom declares Brazi power plant is now 100% functional
read more... 15/11/2017
Exxon and Petrom will have to invest $4-5 billion if gas discovery in the Black Sea is confirmed
Romania's major oil and gas conglomerate Petrom and U.S. top oil company ExxonMobil will have to invest $4-5 billion in the extraction of gas from a Black Sea field, in case additional data confirms their discovery, according to the statement made by President Traian Basescu on Wednesday.
read more... 04/09/2014
Major gas discovery in Romania
Petrom, the biggest oil and gas producer in Romania, has reported the successful result of the exploration well 4539 Totea. The well, drilled following a recent 3D seismic program to a depth of 3600 meters in the Oltenia region of south-western Romania, is likely to contain substantial gas resources.
read more... 12/07/2011
Exploration assets sold by Petrom in Russia
The major oil and gas group in Romania, Petrom, owned mostly by Austrian OMV, sold 75% of exploration assets in Ring Oil to its minority partner Mineral and Bio Oil Fuels Limited in Russia, since it focuses mainly on the Romanian and Kazakh activities. The total value of the transaction was not disclosed.
read more... 07/09/2010