07.09.2020

OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Thursday in a report its total hydrocarbon production stood at 147,300 boe/day in the second quarter compared with 151,300 boe/day more

01.14.2020

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10.09.2019

OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Wednesday in a report its total hydrocarbon production stood at 150,000 boe/day in the third quarter compared with 160,000 boe/day more

04.10.2019

OMV Petrom's total hydrocarbon output decreased slightly in the first quarter of 2019, to 153,000 barrels a day (boe/d), compared with 156,000 boe/d in the fourth quarter of 2018 and 162,000 boe/d in more

01.14.2019

OMV Petrom's total hydrocarbon output decreased slightly in the fourth quarter of 2018, to 156,000 barrels a day (boe/d), compared with 160,000 boe/d in the fourth quarter of 2017, the company said more

05.07.2018

Investments in the Black Sea hydrocarbon sector will generate revenue of over $26 billion to the state budget and an additional $40 billion to Romania’s gross domestic product (GDP) until 2040, more

04.11.2017

The total hydrocarbon production of Romania's OMV Petrom (SNP.RO), majority owned by Austria's OMV, stagnated at 170,000 barrels of oil equivalent (boe) per day in the first quarter of 2017, the same more

06.30.2016

Romania’s largest natural gas producer Romgaz (SNG.RO) announced a new hydrocarbon discovery on the Romanian territory in block RG.06 Muntenia Nord-Est, where it performs petroleum operations as more

10.19.2015

The hydrocarbon output of OMV Petrom (SNP.RO) fell 2.2% in annual terms in the third quarter of 2015, to 174,000 boe (barrel of oil equivalent) a day, in the context of works scheduled at several more

09.16.2015

The new taxation system for hydrocarbon production will not be applicable as of January 1, 2016, as it takes procedures which require a longer time, according to the representatives of the Romanian more

12.11.2014

The National Agency for Mineral Resources (ANRM) proposed the government to extend by 16 years, until 2030, nine concession agreements closed with Romanian state-run natural gas producer Romgaz more

11.06.2013

Romania’s mineral resources authority ANRM will organize an auction in the first half of 2014 to lease 36 new onshore and offshore hydrocarbon blocks, ANRM adviser Irina Zamfir said Wednesday at a more

11.28.2012

The biggest of the 9,000 wells that OMV Petrom (SNP.RO) drills in 240 commercial oil and gas fields can be found in the Black Sea, an area that already generates 20% of the company’s hydrocarbon more

04.24.2012

The hydrocarbon production of Romania's largest oil and gas company OMV Petrom (SNP.RO) fell slightly in the first quarter, due to severe weather conditions, according to a trading statement of OMV, more

03.22.2012

Romanian second largest oil group Rompetrol NV Thursday announced a hydrocarbon discovery at two wells in its Satu-Mare perimeter drilled jointly with Canadian Winstar Resourses Ltd. more

02.22.2012

Oil company OMV Petrom (SNP.RO) on Wednesday reported that hydrocarbon production for 2012 rose 1% on the year, to 67.77 million barrels of oil equivalent (boe), due to the drilling of new wells and more

10.28.2011

Canadian Sterling Resources on Friday said it has reached an agreement with Romania’s Economy Ministry enabling the former to continue exploration on several blocks in the Black Sea. more

05.11.2011

Romanian oil group OMV Petrom (SNP.RO) Wednesday reported a 1% year-on-year increase in its first quarter hydrocarbon production, driven by higher gas production in Romania and higher hydrocarbon more