11.02.2011

Romanian dominant oil company OMV Petrom (SNP.RO) Wednesday said it started test exploitation of its Totea well in the southwestern region of Oltenia, which could prove to be the country’s most more

10.28.2011

Romanian oil and gas producer OMV Petrom (SNP.RO) acquired in September maintenance and transport services worth an approximate total EUR100 million, from subsidiaries of Austrian group Christof and more

10.28.2011

ExxonMobil hopes that along with Petrom, Romania’s largest company, it will join the exclusive club of prospectors of the sea depths, through their operations in the Neptun block in the Black Sea. more

10.21.2011

Romanian oil and gas company OMV Petrom (SNP.RO) reported a 15% rise in third quarter natural gas sales, to 840 million cubic meters, from 730 million cubic meters in the same interval of 2010, but more

10.20.2011

Romanian dominant oil company OMV Petrom (SNP.RO) and US giant Exxon Mobil are scheduled to start drilling in the Black Sea this winter, while the first data on possible oil and gas discoveries will more

10.19.2011

The price of the oil barrel has fluctuated heavily in 2011; from a peak of $114.53 in April, it plunged to $76.39 at the beginning of October. This trend, however, did not induce any response in the more

10.14.2011

Energy investments completed in Romania in 2011 make it the best of the past 20 years, as the value of new electricity projects is around EUR2 billion. more

10.14.2011

Romania’s fuel distribution market caught the eye of international groups such as Gazprom or SOCAR, even though some 90% of local sales go to four major companies. more

10.14.2011

Gheorghe Ionescu, one of the businesspeople closest in touch with what is going in Romania, has made his first public appearance in a decade, as he attended inauguration of the new Jilava plant of the more

10.13.2011

The success rate for deep hydrocarbon exploration is 10%-20%; the rest is risk in the billions of euros. This year, two international giants and Romania's largest oil and gas producer OMV Petrom more

10.06.2011

Romanian dominant oil company OMV Petrom (SNP.RO) Thursday said it has commenced commercial operations at its wind farm in Dorobantu locality, in southern region of Dobrogea. more

10.06.2011

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it has extended until 2012 its oil price hedges to protect its cash flow from the negative impact of potential lower oil prices. more

10.04.2011

E.ON Romania chief executive officer Frank Hajdinjak on Tuesday said now would not be a good time for oil and gas company OMV Petrom (SNP.RO) to raise natural gas price, since prices are already more

10.03.2011

Romanian brokerage house Ieba Trust Monday cut by 6.2% its 12-month target price on Romanian leading oil company OMV Petrom (SNP.RO) to 0.45 lei (EUR0.1041) a share, but left its recommendation more

09.30.2011

Romanian oil and gas company OMV Petrom (SNP.RO) on Friday said it wants to increase the price of locally made gas by some 6%, to 525 lei (EUR120) from RON495 per thousand cubic meters. more

09.29.2011

Romania’s leading oil company OMV Petrom (SNP.RO) Thursday dismissed reports regarding plans to sell 139 gas stations to Serbian peer NIS, controlled by Russian giant Gazprom. more

09.29.2011

OMV Petrom (SNP.RO), the largest Romanian company, is looking into the possibility of selling about 130 gas stations, almost one quarter of its entire network, to Gazprom's Serbian subsidiary, NIS. more

09.27.2011

The price of natural gas imports from Russia will rise to $545 per thousand cubic meters in October, while Romanian authorities maintain the price of locally made gas at $160, Tuesday said Hilmar more

09.27.2011

Valentin Ionescu, the general manager of the Bucharest Stock Exchange (BVB), the main bourse operator on the Romanian capital market, is still hoping the government will put 15% in Transelectrica more

09.20.2011

Romania’s leading oil company OMV Petrom (SNP.RO) will lower the share capital of its retail division OMV Petrom Marketing by 735.2 million lei (EUR171.6 million) to RON245 million, the company said more

09.09.2011

Romanian authorities want to buy the Arpechim Pitesti refinery from oil company OMV Petrom (SNP.RO), and the company is willing to start negotiations “as soon as possible”, according to a news more

09.07.2011

The government on Wednesday announced it has extended by three years the exploration permits held by OMV Petrom on nine land blocks and one marine block, with a cumulated surface of 23,000 square more

08.30.2011

Dafora Medias (DAFR.RO) announced Tuesday that it has started drilling with the first rig on the Adjud block leased by US Hunt Oil in partnership with OMV Petrom (SNP.RO). more

08.24.2011

Romania’s agency for mineral resources ANRM has agreed to extend until September 2014 a series of exploration licenses for onshore fields granted to dominant oil company OMV Petrom (SNP.RO), the more

08.24.2011

The 20 most profitable companies in Romania posted cumulated net profit of EUR1.77 billion in 2010, up 2.3% against the previous year, shows a Ziarul Financiar analysis of the financial statements more