08.15.2012

Ukraine has selected a consortium formed of ExxonMobil, Shell, Romania’s OMV Petrom (SNP.RO) and Nadra Ukrainy national joint-stock company for hydrocarbon exploration in the Skifska field on the more

08.08.2012

Romanian energy imports are likely to reach 46% of the total consumption in 2030, according to estimates of dominant oil company OMV Petrom (SNP.RO), which said the country needs more investments in more

08.08.2012

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit after minorities fell 29% on the year to 643 million lei (EUR141.6 million) in the second quarter, mostly due to more

08.07.2012

Romania's Competition Council Tuesday said it is looking into the takeover deal of Petrom LPG, a subsidiary of Romania’s largest oil company OMV Petrom (SNP.RO), by Crimbo Gas International. more

08.02.2012

OMV Petrom (SNP.RO) has completed the trials of its thermal power plant at Brazi, meaning the plant can begin supplying energy to the market, the company announced Thursday. more

07.20.2012

Romanian leading oil company OMV Petrom (SNP.RO) reported a 35.6% decline in natural gas sales volumes to 11.16 Terawatts per hour in the second quarter, largely due to restructuring at its Petrobrazi more

07.13.2012

Romania’s largest oil company Petrom (SNP.RO), part of Austrian group OMV, on Friday said Cristian Secosan, general manager of Siemens Romania, will become member of its Executive Board starting more

07.09.2012

Romania's largest oil company OMV Petrom (SNP.RO) on Monday increased pump prices for gasoline and diesel oil by RON0.08 (EUR0.0176) per liter, after five consecutive price cuts. more

07.09.2012

Each employee of OMV Petrom Gas, Alpiq RomEnergie and British Tobacco brought their companies net profit ranging between EUR250,000 and EUR722,000 in 2011, these being the most profitable employees in more

07.06.2012

The emerging market funds managed by Franklin Templeton are buying OMV Petrom (SNP.RO) shares every day, according to the reports of brokerage firms. more

06.29.2012

Romania’s largest oil company OMV Petrom (SNP.RO) said Friday it sold subsidiary Petrom LPG to Crimbo Gas International, exiting the liquid petroleum gas bottling and distribution market. more

06.27.2012

Romania’s largest oil company OMV Petrom (SNP.RO) restarted its Petrobrazi refinery after a EUR100 million upgrade investment in its crude vacuum distillation unit, the company said in a statement more

06.19.2012

Romania’s energy independence will be reduced and imports will reach 40%-50% of total consumption in 2030, due to higher demand for primary energy and the natural decline of the local hydrocarbon more

06.19.2012

OMV Petrom (SNP.RO) said Tuesday it will invest EUR800 million – EUR1.2 billion a year by 2014, particularly in exploration and production, if the business environment is favorable to investments. more

06.06.2012

No local oil company has announced plans to cut pump prices, despite the drop of the Brent oil barrel below $100 in the past week, to the January 2011 level, and despite the 24% decline recorded since more

06.05.2012

Almost one year since becoming chief executive of OMV, Gerhard Roiss gives a few clues about the prospects of Romania's largest oil and gas producer, Petrom, as well as its future challenges. more

05.31.2012

OMV Petrom (SNP.RO) remained the largest company in Romania in 2011, with a turnover of almost EUR4 billion, shows a ZF analysis based on data provided by the company or on ZF estimates. This is the more

05.29.2012

Romania may need financing of up to EUR60 billion to capitalize its oil and natural gas resources, double the amount estimated by the authorities for the entire energy sector by 2030, an official of more

05.29.2012

OMV Petrom (SNP.RO), the largest company in Romania, and five other major listed companies will pay RON2.68 billion (EUR600 million) in gross dividends in June, according to available reports. more

05.23.2012

Petrom, the largest oil company in Romania, is preparing its strategy for the next decade, and the document will be presented this summer, according to the latest available information. more

05.09.2012

Romania’s largest oil company OMV Petrom (SNP.RO) will shut down production at its Petrobrazi refinery for a six-week overhaul, the company said in its financial report Wednesday. more

05.09.2012

The first-quarter electricity production of Dorobantu wind farm brought OMV Petrom (SNP.RO) 61,763 green certificates, which might be valued at EUR3.39 million at current market prices, Romania’s more

05.09.2012

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit after minorities rose 65% on the year to a record 1.385 billion lei (EUR381 million) in the first quarter, helped by more

05.07.2012

The Romanian government will decide whether to resume the sale of a 10% stake in oil company OMV Petrom (SNP.RO) after conducting a market analysis, economy minister-designate Daniel Chitoiu said more

05.03.2012

Romania's largest oil company OMV Petrom (SNP.RO) on Thursday increased pump prices for gasoline and diesel oil by RON0.06 (EUR0.0135) per liter. more