03.22.2013

Romanian oil company OMV Petrom (SNP.RO), owned by Austria’s OMV, expects sales revenues of 17.21 billion lei (EUR3.89 billion) in 2013, down 10% from RON19.12 billion last year, and net profit of more

03.21.2013

Romanian oil company OMV Petrom (SNP.RO) said Thursday it appointed Gabriel Selischi as member of the Executive Board, in charge of exploration and production activities, starting September 1, 2013. more

03.15.2013

Grup Servicii Petroliere, an offshore drilling company part of the Upetrom group of businessman Gabriel Comanescu, is bidding in what could be the tender of the year to get a contract with ExxonMobil more

03.07.2013

Romanian oil company OMV Petrom (SNP.RO) wants to set up a remuneration committee and make public the remuneration of the members of the Executive and Supervisory boards, Sorana Baciu, more

02.27.2013

Romania needs very large investments in the energy sector, which still has huge potential, said Mariana Gheorghe, chief executive officer of OMV Petrom (SNP.RO), the country’s largest oil and gas more

02.22.2013

Romania’s Economy Minister Varujan Vosganian on Friday said OMV Petrom (SNP.RO) will not dismantle its Arpechim refinery, as announced Thursday, and it will be at the Government's "disposal" as long more

02.22.2013

Romania’s leading oil group OMV Petrom (SNP.RO) and Spanish peer Repsol have reached an agreement for the joint exploration of four onshore blocks in the southern and eastern Carpathian Mountains in more

02.21.2013

Romania’s tax system should advantage both the state and the country’s top oil company OMV Petrom (SNP.RO) and 2013 will be the "year of dialog" on the issue with competent authorities, Petrom's more

02.21.2013

Romanian oil and gas group OMV Petrom (SNP.RO) Thursday said it will dismantle its unprofitable Arpechim refinery unless it can find a suitable buyer. more

02.21.2013

Romanian top oil company OMV Petrom (SNP.RO) has planned a one-month shutdown of its Brazi thermal power plant in the second quarter to install a gas treatment unit, the company’s chief said more

02.21.2013

Romania’s top oil company OMV Petrom (SNP.RO) is planning to increase salaries for its employees to reflect the good results of the company, Chief Executive Officer Mariana Gheorghe said Thursday. more

02.21.2013

Austria’s oil group OMV (OMV.VI) Thursday said its Romanian arm OMV Petrom (SNP.RO) contributed EUR1.27 million to the group’s 2012 earnings before interest and tax, or EBIT, up 9% on the year. more

02.21.2013

Romania’s biggest oil and gas company OMV Petrom (SNP.RO) Thursday announced full-year investment of EUR1 billion for 2013, similar to last year’s figure. more

02.21.2013

Romanian leading oil company OMV Petrom (SNP.RO) Thursday said its net profit rose 5% to a record 3.946 billion lei (EUR901 million) in 2012, fueled by higher crude oil prices and lower production more

01.08.2013

Romania’s liquefied petroleum gas Petrom LPG, bought by Crimbo Gas International from the country's largest oil company OMV Petrom (SNP.RO), changed its name into Gaspeco L&D. more

12.28.2012

Expert Petroleum will provide Romania's leading oil and gas group OMV Petrom (SNP.RO) services for production enhancement in the western Timis county, following a deal priced at 1.39 billion lei more

12.13.2012

Romania’s leading oil company OMV Petrom (SNP.RO) has sold electricity worth 93.5 million lei (EUR20.74 million) on the local energy exchange OPCOM, slightly below the planned amount, exchange data more

12.13.2012

ExxonMobil, which is conducting the most extensive deepwater exploration campaign in the Black Sea ever together with OMV Petrom (SNP.RO), is expected to buy about $1 billion in equipment and services more

12.12.2012

Romanian regional investment fund SIF Oltenia (SIF5.RO) on Tuesday sold a stake of 0.04% in OMV Petrom (SNP.RO) for 9.4 million lei (EUR2 million). more

12.05.2012

Romania’s leading oil company OMV Petrom (SNP.RO) plans to raise 116.6 million lei (EUR25.6 million) from selling 0.5 terawatt hours of electricity on the local energy exchange OPCOM. more

11.29.2012

SIF Oltenia (SIF5.RO) and funds managed by Franklin Templeton, administrator of Fondul Proprietatea (FP.RO), bought Wednesday shares in Romanian leading oil and gas company OMV Petrom (SNP.RO) worth more

11.28.2012

OMV Petrom (OMV.RO), the largest company in Romania, will have a new chief financial officer as of next year after its current CFO Daniel Turnheim stepped down before the end of his term on April 17, more

11.28.2012

OMV Petrom (SNP.RO) has gone through a major transformation in the past few years and, but there is still a lot more to be done, as 1,500 projects are in the course of implementation, says Mariana more

11.28.2012

Romanian OMV Petrom (SNP.RO), the largest oil and gas company in Southeastern Europe, opened Tuesday a fuel terminal in Isalnita, some 240 km west of Bucharest, following a EUR26 million greenfield 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