OMV Petrom recorded a hydrocarbon production of 107,500 barrels of oil equivalent (boe) per day in the first quarter of this year, 0.28% higher than in the previous quarter, but 3.76% lower than in the same period last year, according to data sent to the Bucharest Stock Exchange on Tuesday.The production of crude oil and condensate was 50,100 boe/day (down 0.8% compared to Q4 2024), and the production of natural gas was 57,400 boe/day (up 1.23%).In Q1 2025, the total hydrocarbon sales volume amounted to 102,200 boe/day, which is 0.2% higher than in the last quarter of 2024. Sales of crude oil and condensate decreased by 0.57% to 52,300 boe/day, while natural gas sales increased by 1.2% to 49,900 boe/day.However, total refined product sales decreased by 16.67% compared to Q4 2024, reaching 1.2 million tonnes. Gas sales to third parties amounted to 10.26 TWh (up 4.8%).The net electricity production at the Brazi Power Plant totaled 1.23 TWh, down 8.2% compared to the October-December 2024 period."In the context of regulated natural gas and electricity markets, which mainly affect the electricity generation business, the operating result excluding special items for G&E in Q1/25 is expected to be negative," the report sent to the Bucharest Stock Exchange reads.OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual production of oil and gas at the group level of approximately 40 million boe in 2024. The group has a refining capacity of 4.5 million tonnes per year and operates a high-efficiency 860 MW natural gas power plant. In the retail petroleum products distribution market, the Group is present in Romania and neighbouring countries through approximately 780 gas stations under two brands - OMV and Petrom.At the end of 2024, Romanian shareholders held over 43% of the company's shares (of which the Romanian state, through the Ministry of Energy, held 20.7%). OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, held 51.2% of OMV Petrom's shares, while the remaining 5.6% were held by other foreign investors.
Romanian gas producer Romgaz (BVB: SNG) has filed an action with the European Court of Justice against the European Commission, requesting the annulment of certain regulations that impose CO2 storage quotas on oil and gas companies. The company considers the quotas disproportionate. It is the first time that Romgaz has initiated a direct action against […]
Bucharest residents can donate clothes in good condition, non-perishable food, and toys for the families affected by the explosion that left 3 dead and many others injured, and nearly collapsed the apartment building in District 5 on Friday, October 17. "Following the devastating explosion in District 5, entire families have been left without housing, and […]
RoPower Nuclear, the developer of the SMR (small modular reactor) project in Doiceşti, Romania, announced the signing of a contract with Studsvik Scandpower, one of the global leaders in software dedicated to nuclear fuel analysis, on Friday, October 17. The president of the Swedish group emphasized that Romania is setting an important precedent for the […]
Energy regulator ANRE has launched an investigation into whether the gas distributor followed proper safety procedures before the powerful explosion that killed three people and injured others at an apartment building in Bucharest’s Rahova district on Friday morning, October 17. According to
In the first half of 2025, Romania ranked 52nd worldwide among the countries most frequently affected by cyber activities, according to the new Microsoft Digital Defense Report. The sixth annual report, covering trends from July 2024 to June 2025, emphasizes that traditional security measures are no longer sufficient. Modern defenses and strong collaboration between industries […]
Via Transilvanica, the long-distance trail that traverses Romania’s cultural, historical, and natural landscapes, has been awarded silver in the “Peace, understanding and inclusion” category at the 2025 Europe Responsible Tourism Awards. The initiative is organized by the International Centre for Responsible Tourism Global (ICRT Global). The award ceremony took place at the Press Club Brussels […]
