Expro, a leading provider of energy services has been awarded major contracts from OMV Petrom, totalling more than 10 million USD for the Neptun Deep gas project in the Black Sea, a company press release informs.The contracts involve a series of Expro technology and services to support the project in offshore Romania. The two contracts mark the latest stage in Expro's growth in Romania. Recent investments by the company include opening a new office in Bucharest, setting up a new operational base, and a program to grow its Romanian-based staff."Neptun Deep is an important energy project for Romania. We are proud of being selected to support this important development," said Andrei Ion, Expro Senior Area Manager in Europe, Mediterranean and Caspian.OMV Petrom, which is majority-owned by OMV, with Romania holding a 20.7% stake, announced for the first time in 2012 that it had discovered between 42 and 84 billion cubic metres of gas in the Black Sea. OMV Petrom and the state-owned producer Romgaz, which jointly hold the Neptun Deep project in equal shares, made the investment decision in the Neptun Deep project in 2023.The production from Neptun Deep is expected to be approximately 8 billion cubic metres annually for about 10 years, nearly doubling Romania's gas production.In the coming weeks, Mighty Barents drilling platform will travel 160 kilometres across the sea and begin drilling operations on the ten exploration wells that make up Neptun Deep, one of the most important gas fields in the EU.
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
