OMV Petrom, the largest integrated energy producer in Southeastern Europe and operator of the Neptun Deep project, announced that Transocean Barents, the semi-submersible mobile offshore drilling unit contracted for Neptun Deep, arrived in Constanta, https://ceenergynews.com/ reports. “The arrival of the rig marks an important step in our journey to develop the first deep offshore gas project in Romania, together with our partner Romgaz,” said Christina Verchere, CEO of OMV Petrom. “Neptun Deep is a strategic project for Romania and the EU. It will contribute to the country’s energy independence and economic growth. Our focus is on the safe and efficient completion of the project as we move towards first gas.” Transocean Barents safely reached Constanta after a voyage of 18 days: she departed from Cartagena, Spain at the end of October and passed under the Bosporus Strait bridges, which required the laydown of the derrick, a world first for Transocean and this type of rig. Prior to her departure from Cartagena, the Transocean Barents underwent major structural modifications and upgrades to enable the tilting operation of the derrick. In total, it took around 750,000 man-hours and 8 months to prepare the Transocean Barents for her voyage into the Black Sea. “The rig underwent a complex preparation process,” added Cristian Hubati, member of the OMV Petrom Executive Board, responsible for the Exploration and Production activities. “Essentially, the derrick which weighs around 220 tons was lowered on to the deck to allow passage under the bridges in the Bosporus Strait. The crew will now perform the reverse operation and prepare the equipment for drilling so that we can start operations safely in 2025.” The Neptun Deep project is developed by OMV Petrom and Romgaz with each company having a 50 per cent participating interest in the project. The investments necessary for the development phase are overall up to 4 billion euros. The total production is estimated at around 100 billion cubic metres of natural gas. The first gas is expected in 2027. (Photo:https://financialintelligence.ro/)
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
Polish LuxVet Group has acquired the Bucharest veterinary clinic RegalVet. The acquisition brings LuxVet’s local portfolio to five clinics and hospitals, one year after entering the local market. RegalVet Veterinary Clinic, which offers non-stop veterinary care, specializes in emergency veterinary medicine and surgery. The clinic employs ten qualified specialists, including veterinarians, technicians, and administrative staff. […]
