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/)
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
