Romanian state-owned oil and gas company Romgaz has finalized exclusive negotiations to reach an agreement with ExxonMobil Exploration and Production Romania Holdings Ltd on the terms and conditions for the acquisition of the Neptun Deep project stake, so that the deal could be finalized in the first quarter of 2022, Romgaz said in a Tuesday release to the Bucharest Stock Exchange."SNGN Romgaz SA and ExxonMobil Exploration and Production Romania Holdings Ltd. have finalized exclusive negotiations and reached an agreement on the terms and conditions for the acquisition of all the shares issued by (representing 100 percent of the share capital of) ExxonMobil Exploration and Production Romania Limited, which holds 50 percent of the acquired rights and obligations committed to under the Leasehold Agreement for oil exploration, development and exploitation in the XIX Neptun Deep block, as well as regarding the transfer of the project operations to OMV Petrom SA starting with the date of the transaction's completion," the report states.After getting the nod of the Romgaz S.A Board of Directors and the approval of the company's shareholders' Extraordinary General Meeting, the agreement will materialize in the signing of the stake purchase contract. Depending on these approvals and the fulfillment of the suspensive conditions set forth by the purchase contract, it is estimated that the transaction will be completed in the first quarter of 2022.ExxonMobil and OMV Petrom are currently equal partners in the Neptun Deep deepwater project, where exploration has revealed deposits estimated at 42-84 billion cubic meters.ExxonMobil announced its intention to exit Romania, and OMV Petrom said it might decide next year to invest in the Neptun Deep project, depending on the legislative changes in Romania and on the market situation.
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona. Emeric Alexandru Ienei (Imre Sándor Jenei) […]
