OMV Petrom has reported the discovery of a new natural gas reservoir in Romania, at Spineni, located around 70 km north-east of the city of Craiova."The 1 Spineni exploration well, drilled to a depth of approximately 4,800 metres, has confirmed the presence of natural gas and condensate, with results supported by production testing. Well tests proved a production potential of 180,000 cubic metres of natural gas and 25 cubic metres of condensate per day, or a total of 1,300 boe/day from the discovery well. The prospect was identified using data from the 3D Spineni seismic survey conducted in 2022 in the X Craiova block.Testing has confirmed that the discovery is commercially viable, the next step is the approval of the development plan," the company said in a press statement released on Thursday.For this onshore project, OMV Petrom has already invested approximately EUR 15 million during the exploration phase."In 2025, we plan to invest RON 5.8 billion in Exploration and Production, with nearly half allocated to onshore operations - while also advancing offshore Neptun Deep, a strategic project that requires large-scale investment. We continue to invest in order to contain the natural decline in production from mature fields and to pursue new near-field opportunities in proximity to our existing operations," according to Cristian Hubati, Member of the Executive Board responsible for Exploration & Production.OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual group hydrocarbon production of approximately 40 million boe in 2024.The Group is present on the oil products retail market in Romania and neighbouring countries through approximately 780 filling stations under two brands - OMV and Petrom.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
