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OMV Group

Climate warning

Divest fossil fuel;OMV Petrom makes largest crude oil discovery in decades

Romanian oil and gas group OMV Petrom (ROSNP.BX), majority-controlled by Austria's OMV (OMVV.VI), said on Tuesday it discovered new crude oil and natural gas deposits equal to about three quarters of its overall 2022 production. The deposits are the largest crude oil discovery OMV Petrom has made in decades, it said, and were found in southern Romania holding over 30 million barrerls of oil equivalent (boe) of recoverable resources. https://www.reuters.com/markets/commodities/omv-petrom-makes-largest-crude-oil-discovery-decades-2023-06-13/

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  • Joyce Waturu

    56 w

    These news are very irritating.It can be that while other companies are making ground breaking discoveries on renewable energy,OMV is largely digging down for oil.They are sick to make this a highlight.

    5
    • Ajema Lydiah

      56 w

      This is what shouldn't be repeatedly spoken about,fossil fuel must go!

      6
      • George Kariuki

        56 w

        It is crucial for companies and governments to carefully consider the long-term implications of investing in and relying on fossil fuel reserves.

        7
        • Elizabeth Gathigia

          56 w

          This is bad news, Fossil fuels should be a thing of the past

          6
          • Tabitha Kimani

            56 w

            The crude oil and natural gas deposits will always be there but their use is being phased off due to their negative impacts. Any organization investing in the fossil fuels will eventually lose out.

            6
            • Sarah Chabane

              56 w

              This is not good news, but it's also hard to tell Romania they shouldn't be doing what rich countries have been doing for decades as it will bring the country tremendous wealth, we need to give them sustainable alternatives

              7
              • Sarah kimotho

                56 w

                If only they understand what fossil fuel.do.or rather the negative effect they have on climate they would just do away with it

                6
                • Joseph Githinji

                  56 w

                  OMV should be ashamed of themselves, it's time to phase out the use of fossil fuels.

                  6
                  • Johannes Luiga

                    56 w

                    Fossil fuels belong to the past

                    7
                    • Timothy Ndegwa

                      56 w

                      This is sad and shows a high degree of ignorance! as the world is transitioning to clean energy for a healthy environment , bringing fossil fuel to the ground is the least OMV can do.

                      15
                      • ance Star

                        56 w

                        It is so discouraging issue

                        15
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