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/)
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
