The Neptun Deep gas extraction project in the Black Sea, carried out in partnership between OMV Petrom and Romgaz, is progressing on schedule to deliver the first gas in 2027, OMV Petrom reports. Cristian Hubati, the company’s Exploration and Production Director, stated that the Neptun Deep project is advancing according to the planned timeline. “The project is at 46%, we are on schedule and moving forward energetically,” Hubati said on Thursday during a press conference. Asked about reassessing the resource in this field, Hubati said it is an ongoing process as data is acquired. The company also plans to drill a new exploration well soon. Neptun Deep is the largest natural gas project in the Romanian Black Sea and the first offshore project in deep waters in Romania. The exploration, exploitation and production rights for the Neptun Deep perimeter are held by OMV Petrom and Romgaz, each with a 50% stake. OMV Petrom is the operator of the project. The first gas quantities are expected in 2027. Total production is estimated at 100 billion cubic meters of natural gas, and the necessary investments are estimated at 4 billion euros, costs shared equally between the two partners, OMV Petrom and Romgaz. (Photo:https://brandportal.omvpetrom.com/)
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
