The development work of Neptun Deep began in 2012 with the first commercial discovery, and at this moment I can say that the project is on schedule, and in 2025 we are ready to start drilling on the first well, Cristian Hubati, member of the Executive Board and responsible for Exploration and Production at OMV Petrom, said on Monday in a specialized conference."We started work on the platform superstructure in Indonesia in the middle of this year. We also started working on the platform legs in Italy. We have started the works on the gas treatment and metering plant, and this is happening in the country. We started in September. Soon, in 2025, we are ready to start drilling on the first well," Hubati said.In the view of the OMV Petrom representative, the share of gas in Romania's energy mix is expected to increase by 25% by 2030.The Neptun Deep project is developed by OMV Petrom and Romgaz (through its subsidiary Romgaz Black Sea Limited), each of the companies with a 50% shareholding. The investments required for the development phase of the project are up to four billion euros.Production was estimated at about 100 billion cubic meters of natural gas, equivalent to the current annual natural gas demand of about 4.3 million households multiplied by about 30 times.OMV Petrom is the largest integrated energy producer in South-Eastern Europe, with an annual production of crude oil and gas at group level of approximately 41 million boe, in 2023. The group has a refining capacity of 4.5 million tonnes annually and operates an 860 MW high-efficiency natural gas power plant. On the retail petroleum products distribution market, the group is present in Romania and in neighbouring countries through approximately 780 gas stations, under two brands - OMV and Petrom.
Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report. Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]
Cybersecurity has become a major global priority, impacting individual users, companies, organizations, and public institutions. Social engineering, deepfakes, digital manipulation, and coordinated geopolitical attacks are fundamentally reshaping how we view the digital future. In this context, DefCamp, the largest cybersecurity and hacking conference in Central and Eastern Europe, reaffirms its role as a strategic hub […]
Romanian airline AnimaWings has received its fifth Airbus aircraft, an A220-300, as part of an ambitious expansion plan to build a fleet of 18 planes by the end of 2027, valued at over USD 1 billion. The A220-300 is the airline’s third of this type and will serve both domestic and international routes. Configured with […]
The well-known Romanian car brand Dacia announced the launch of the Duster Pick-Up, a utility vehicle with four seats and a capacity to transport up to 430 kg in the cargo space, on Wednesday, September 17. The car model is available in two engine versions, Hybrid 140 and Mild-hybrid 130 4×4, and has a starting […]
Romanian wrestler Ana Andreea Beatrice, 25, won bronze in the 55-kilogram category at the World Wrestling Championship in Zagreb. The Romanian bested Cuba’s Sanz Verdecia Yaynelis, 6-3, in an emotional match, to earn the medal. To get to the bronze, Ana Andreea Beatrice beat China’s Xuejing Liang in the preliminaries and the US wrestler Cristelle […]
Romania’s former presidential candidate Călin Georgescu, indicted for complicity in an attempted coup and spreading false information, compared his case to that of US president Donald Trump, calling the indictment “a speech” and “a carbon copy” of Trump’s 2016 legal troubles,
