US EditionBorouge Fusion and Neptun Deep: How OMV is replacing oil and gas with chemicals
12 Articles
12 Articles
OMV Petrom, Romania's largest energy company, increases investments in its traditional business, oil and gas, and reduces them to green energy projects, announced Christina Verchere Wednesday,...
He said that additional efforts were needed to promote more gas in Europe and also called for a region in which he still sees many possibilities. OMV itself suffered a decline in profits in 2025. The next quarters will be marked by the emerging chemical giant Borouge and the start of production at the Gasfeld Neptune Deep. And by the search for a new OMV boss.
Borouge Fusion and Neptun Deep: How OMV is replacing oil and gas with chemicals
In a purely virtual press conference with questions that could only be asked in writing, although all board members were present at OMV’s headquarters in Vienna, the partially state-owned oil, gas and chemicals company presented its balance sheet for 2025 on Wednesday. And could surprise – at least on the stock market. Despite lower production, […]
Thanks to the new chemical giant Borouge and due to the volumes from the Romanian gas project Neptune Deep, the domestic energy group remains on a growth path. In 2030 more gas than oil is to be produced.
The Neptun Deep project progresses, and the first gas production is expected in 2027, announced Wednesday the Director General of the OMV Petrom, Christina Verchere, saying that four probes were fired on...
The Austrian energy group OMV previews an average price of 65 dollars for the barrel of Brent crude this year, level below the average of 69.11 dollars recorded in 2025, which already represented a fall of 14% from the previous year. Thus reported the company that, based in Vienna and a strong presence in Central and Eastern Europe, produces about 300,000 barrels of oil (boe) per year. By presenting last year's balance sheet, the president of OM…
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