OMV Petrom, the integrated energy producer in South-Eastern Europe, announces the delivery of the fourth and final module of the 20 MW electrolyser for green hydrogen production at the Petrobrazi refinery. The company has a capacity of 55 MW under development, through two projects: one of 20 MW and another of 35 MW.
OMV Petrom, an integrated energy producer in South-Eastern Europe, commissioned a new aromatics unit at Petrobrazi, following an investment of around €140 million. The unit has a capacity of 150,000 tons per year of toluene and benzene, improving the refinery's production mix and energy efficiency while reducing environmental impact.
OMV Petrom concluded a sales contract with OMV Downstream GmbH, a fully owned subsidiary of OMV AG, for part of the Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO) to be produced at the Petrobrazi refinery.
OMV Petrom, an integrated energy producer in Southeast Europe, has made the final investment decision for Gabare, an integrated solar energy and battery storage project in Bulgaria.
OMV Petrom and Romgaz have started construction of the offshore pipeline for the Neptun Deep project, marking progress in Romania's largest natural gas development.
Energy producer OMV Petrom and RNV Infrastructure have announced that three wind projects in Romania, with a total installed capacity of approximately 300 MW, are entering the execution phase following the final investment decision. The projects hold the necessary permits, with production expected to begin in stages from H1 2027.
Oscar Downstream has appointed Silvia Ene as Chief Operating and Strategy Officer, a role designed to accelerate the company's strategic directions.
Oil major OMV Petrom has delivered the first electrolyser module for green hydrogen production at its Petrobrazi refinery, marking progress in the 20 MW green hydrogen project.
Oil major OMV Petrom has completed a €20 million investment at the Petrobrazi refinery to modernise wastewater treatment systems.
OMV Petrom will construct a photovoltaic park at its Petrobrazi refinery in Romania.
Oil major OMV Petrom closed 2025 with a net profit of approximately €620 million, down 27% compared to the previous year.
Bulgarian Energy Holding (BEH) has entered the Han Asparuh offshore exploration joint venture in the Bulgarian Black Sea with a 10% interest.
OMV Petrom has released its trading update for Q4 2025, revealing a period defined by improved refining performance and strategic adjustments following the extension of production licenses.
Oil major OMV Petrom has started preparations for exploration drilling in Bulgaria's Han Asparuh offshore block, which is operated together with NewMed Energy.
Oil major OMV Petrom is progressing with its Neptun Deep development project, expecting first gas production in 2027 with estimated investments of up to €4 billion.
OMV Petrom recorded a 13% decrease in its net profit over the first nine months of the year. Net profit fell to RON 3.4 billion (€668.4 million), while organic investments saw a 28% increase,
Oil major OMV Petrom has announced the completion of its acquisition of a 50% stake in the Gabare photovoltaic project, which is being developed by Enery in Bulgaria.
DRI, the EU renewables arm of DTEK, has secured a €60 million equivalent loan from UniCredit and Garanti BBVA to finance the construction of the Văcărești solar park in Romania.
The Romanian Minister of Energy, Bogdan Ivan, said that the country's supply of fuels is stable and continuous, despite OMV Petrom's issues.
OMV Petrom registered a net profit of RON 2.08 billion (€419.7 million) in H1 2025, a 21% decrease compared to RON 2.62 billion (€528.2 million) in the same period last year.
Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.
The European Retail Banking Radar, Kearney's latest study now in its 18th edition, shows that Europe is entering a period of normalisation following the conditions of 2023–2025. For Romania, the challenge extends beyond the normalisation of interest rates.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.
Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.
The European Commission has approved, under EU State aid rules, Romanian measures for the national investment and development bank Banca de Investiții și Dezvoltare (BID).