The new sustainable aviation fuel (SAF) and renewable diesel (HVO) unit will have a production capacity of 250,000 tons of sustainable fuels per year, starting in 2028.

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.

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, 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 ...

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 ...