02.21.2012

The largest company in Romania is expected to report a net profit ranging between EUR830 to EUR900 million on Wednesday, the largest ever made in the Eastern European country. more

02.03.2012

Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania have found natural gas in a test drilling at the Domino-1 deepwater well in a joint Black Sea field, more

02.03.2012

The thermal power plant built by oil company OMV Petrom (SNP.RO) in southern Romania will most likely start activity in the second half of 2012, after technical difficulties, according to a news more

02.03.2012

Austrian oil and gas group OMV Friday said it booked a special charge of some EUR120 million in the fourth quarter of 2011, for the fine imposed by Romanian competition authorities to OMV Petrom more

01.30.2012

Romanian leading oil company OMV Petrom (SNP.RO) has increased natural gas imports to cover the growing demand on the local market due to below freezing temperatures, the company said Monday. more

01.18.2012

Romanian oil and gas company OMV Petrom (SNP.RO) Wednesday announced malfunctions at the Brazi power plant it is building, thus confirming information previously published by MEDIAFAX. more

01.17.2012

The thermal power plant built by oil company OMV Petrom (SNP.RO) in central Romania will most likely be launched in May, with a six-month delay, because of technical difficulties, people close to the more

01.13.2012

Since the beginning of the year, namely in less than two weeks, gasoline and diesel fuel prices have grown by 3%, with the latest increase operated by OMV Petrom (SNP.RO), the largest company in the more

01.11.2012

The 20 largest employers in Romania have almost 240,000 employees, or 6% of the country's workforce. more

01.10.2012

Petrom group on Tuesday said it will challenge in court the fine received from Romanian competition authorities following a fuel market probe, saying the measure is unjustified. more

01.10.2012

Shares in Romania’s largest two oil companies OMV Petrom (SNP.RO) and Rompetrol Rafinare (RRC.RO) have been suspended from trading on the Bucharest stock exchange pending the results of an inquiry more

01.09.2012

Romanian authorities are carrying advanced negotiations to purchase the Arpechim refinery from oil company OMV Petrom (SNP.RO), local officials in Arges County said Monday. more

01.09.2012

Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania, the local unit of US giant ExxonMobil, have started drilling to extract oil from a joint field in more

01.04.2012

Romanian oil company OMV Petrom (SNP.RO) on Wednesday announced the appointment of Gerald Kappes as interim member of the Supervisory Board, replacing Werner Auli who resigned citing health reasons. more

12.16.2011

OMV Petrom (SNP.RO), the largest company in Romania, could be significantly affected by the changes of the Gas Law approved by the Chamber of Deputies on Thursday. more

12.05.2011

Romanian oil and gas company OMV Petrom (SNP.RO) and dairy maker Albalact (ALBZ.RO) have the greatest potential for growth on the Bucharest bourse over the next 12 months, according to a report issued more

11.30.2011

Romanian oil group Rompetrol on Wednesday announced it has started drilling operations, for the first time in Romania, following an investment of $8.5 million. more

11.23.2011

Romanian oil company OMV Petrom (SNP.RO) contracted a multi-currency revolving credit facility worth EUR930 million, with three years tenor and a possibility for a two-year extension, for general more

11.23.2011

Daniel Turnheim is the youngest member of the management of Petrom (SNP.RO). He took over as chief financial officer a year ago. The 36-year old executive’s appointment came at a time when the only more

11.16.2011

Romanian antitrust authorities are investigating oil and gas group OMV Petrom (SNP.RO) for alleged breaches of competition regulations regarding the company's withdrawal of Eco Premium gasoline more

11.10.2011

Profit chain: Fuels become more expensive. OMV Petrom (SNP.RO) makes higher profit. Austrian-held OMV, which owns 51% in Petrom, makes even more money. The government gains something, too, through more

11.09.2011

Romanian oil and gas group OMV Petrom's (SNP.RO) natural gas production in Romania and Kazakhstan increased 3% in the first nine months, to 3.96 billion cubic meters, from 3.84 billion cubic meters in more

11.09.2011

Oil group OMV Petrom (SNP.RO) on Wednesday reported a net profit of 2.921 billion lei (EUR694.5 million) for the first nine months of the year, doubled on the year, while sales rose 23% to RON16.224 more

11.08.2011

Four years after Austria’s OMV paid EUR328 million to Sorin Ovidiu Vantu to take over Petromservice, two questions remain unanswered: why did the Austrian company pay so much to take over the more

11.08.2011

Petrom (SNP.RO), the largest Romanian company, could post 780 million lei (EUR179.4 million) profit in the third quarter, analysts estimate. more