Gasoline and diesel prices rose on Wednesday across all major distribution chains in Romania, following earlier increases by OMV Petrom after several days of price reductions.

OMV Petrom is investing €140 million to increase its petrochemical feedstock output, signaling a significant boost in its production capabilities.

The Romanian government is in negotiations with OMV Petrom to purchase Black Sea gas, a deal valued at €2 billion, which is also reportedly desired by a Hungarian company.

The future of billions of cubic meters of Black Sea gas from the Neptun Deep field depends on Romania's new government, as producer OMV Petrom has begun selling large quantities, with Hungary expressing interest in purchasing the gas.

OMV Petrom, a major energy company, has approved dividends totaling RON 3.6 billion and earmarked RON 9 billion for investments in 2026. These financial decisions outline the company's capital allocation for the upcoming period.

OMV Petrom and RNV Infrastructure have commenced the development of new 300 MW wind farms.

OMV Petrom is making preparations for new exploration drilling activities within the Neptun Deep offshore perimeter.

Ukrainian company Naftogaz, having discovered significant offshore gas reserves in the Black Sea prior to the Russian invasion, is now in discussions with Romania's OMV Petrom to form a partnership for the development of this field.

Nicușor Dan is scheduled to meet with a delegation from OMV Petrom at Cotroceni Palace on Monday. The meeting was announced by the Presidential Administration.

Romanian oil company OMV Petrom is expanding its oil and gas exploration activities in the Bulgarian Black Sea, acquiring a 25% stake in the 'Han Tervel' offshore block alongside operator Shell, in addition to its existing work in the 'Han Asparuh' block.

Index provider FTSE Russell has delisted Romania's OMV Petrom from its Global All Cap indices, citing issues with the company's liquidity criterion.

OMV Petrom, Romania's largest energy company, has reported its second-quarter profit, which is in line with market expectations.

OMV Petrom has successfully completed a EUR 40 million EU-backed project to expand its electric vehicle charging network across Romania, Hungary, and Slovakia.

OMV Petrom has commenced the design and execution of service areas on the A3 Bucharest – Ploiești highway, with the first six parking areas set for modernization and development.

The Bulgarian government has approved the Romanian company OMV Petrom to explore for oil and gas in the offshore Black Sea block "Han Tervel." Energy giant Shell transferred 25% of its rights but will retain a 75% stake in the project.

Major fuel distributors in Romania, OMV Petrom and Rompetrol, have implemented new price increases overnight, affecting both diesel and gasoline.

OMV Petrom has created a dedicated team to manage the operation of the Neptun Deep natural gas project in the Black Sea, as the project progresses towards an estimated production start in 2027. The company is focusing on the leadership and strategic importance of this initiative.

OMV Petrom has successfully commissioned the first 20 MW module for its green hydrogen project facility in Romania, marking a step forward in renewable energy production.

The electricity market is changing not just every day or every hour, but even every minute. What you consider the prices today will hardly be relevant tomorrow.

OMV Petrom a anunțat că se alătură unui consorțiu internațional pentru explorarea perimetrului offshore Han Tervel din sectorul bulgăresc al Mării Negre.

The Romanian state is considering exercising its legal right of preemption for gas from the Neptun Deep offshore perimeter in the Black Sea, which is also desired by Hungary, following an offer from OMV Petrom.

OMV Petrom and CE Oltenia have commenced the installation of photovoltaic panels at four solar parks currently under construction in Romania.

OMV Petrom is moving forward with its Gabare project in Bulgaria, green-lighting a 300 million euro solar and battery storage facility. This initiative marks a significant investment in renewable energy in the region.

OMV Petrom has encountered failed drilling attempts in the Black Sea near Neptun Deep, leading to the abandonment of some wells due to insufficient gas reserves. This development has sparked debate and concern among Romanian political parties and the company regarding the future of Black Sea gas exploitation, with reports also indicating Hungarian interest in Romanian Black Sea gas.

OMV Petrom and Romgaz, involved in the Neptun Deep offshore gas project, have announced the start of work on a 160-kilometer pipeline that will transport gas from offshore to the coast, with initial gas expected from the perimeter in 2027.

Several OMV Petrom gas stations in Romania ran out of fuel on Thursday, following significant price reductions in recent days that had attracted many drivers.

OMV Petrom has not found significant natural gas reserves with its second exploration well in Bulgaria's Han Asparuh perimeter, indicating a setback for its Black Sea exploration efforts.

OMV Petrom has delivered the first 20 MW electrolyzer module for green hydrogen production to its Petrobrazi refinery, which will produce approximately 3,000 tons of green hydrogen annually for fuel production.

Romanian President Nicușor Dan met with a delegation from OMV Petrom to discuss the country's energy security, noting that Romania imports approximately 80% of its consumed crude oil and faces major difficulties due to the closure of the Strait of Hormuz. The meeting follows a previously scheduled discussion between the President, Prime Minister Ilie Bolojan, and OMV Petrom representatives.

Romania's OMV Petrom is extending its exposure in the Black Sea by acquiring a 25% stake in the Khan Tervel gas block in the Bulgarian sector, joining a consortium exploring the offshore perimeter.

OMV Petrom made the second consecutive price increase on Thursday night since the outbreak of the conflict in Iran, again a considerable one, of 9 bani/l, after having increased prices by 15... on Wednesday.