Romanian oil and gas company OMV Petrom has reported a 57% decline in its fourth-quarter adjusted operating profit, attributed to regulatory impacts on gas and power, and weaker commodity prices.

OMV Petrom, an integrated energy producer, has expanded its partnership with Romanian green energy company Renovatio by purchasing a 50% stake in three solar projects totaling 130 MW. The ...

Romanian oil and gas group OMV Petrom reported a 57% slump in fourth-quarter adjusted operating profit on Tuesday, citing weaker commodity prices and the impact of gas and power regulations.

OMV Petrom, a majority-owned Romanian oil and gas supplier, has launched a tender to seek EPC contractors for the deployment of a 710 MW solar project in Babaita, Romania. The plant will consist ...