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/)
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) […]
