02.24.2016

Romania’s largest oil company OMV Petrom (SNP.RO) has agreed with Petrofac, upon the latter’s request, on the early termination of the contract for boosting crude oil production in Ticleni area, more

02.18.2016

Romania’s largest company OMV Petrom (SNP.RO) will reduce its crude oil output by 4% in 2016, after having extracted 65.19 million barrels of oil last year, 1% lower than in 2014, Gabriel Selischi, more

02.18.2016

Austrian OMV Group, which controls Romania's largest company OMV Petrom (SNP.RO), will be focusing on Iran and Russia, considering that the decline in oil prices affects the profitability of its more

02.18.2016

Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, posted net loss of 690 million lei (EUR155 million) in 2015, compared with a profit of RON2.1 billion in 2014, the more

02.15.2016

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02.01.2016

OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer, could end 2015 in the red, as the oil price slump caused it two successive impairments of exploration and production asset value. more

01.29.2016

The hydrocarbon output of OMV Petrom (SNP.RO) fell 3.3% in annual terms in the fourth quarter of 2015, to 176,000 boe (barrel of oil equivalent) a day, but rose 1.1% compared to the third quarter, in more

01.05.2016

Carmaker Automobile Dacia’s revenue is close to 20 billion lei (almost EUR4.5 billion) in 2015, which puts it farther ahead of OMV Petrom SA, the largest company in Romania by revenue for years, more

12.23.2015

Several Franklin Templeton funds on Tuesday sold shares of oil and gas company OMV Petrom (SNP.RO) worth RON19.6 million (EUR4.3 million), while Norway’s sovereign wealth fund sold shares worth 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

10.09.2015

OMV Petrom (SNP.RO) is auctioning a drilling contract worth up to $121 million, to dig out the oil and gas reserves buried deepest underground. more

09.22.2015

Shareholders of Romania's largest company OMV Petrom (SNP.RO) approved Tuesday the secondary listing on the London Stock Exchange, as proposed by Fondul Proprietatea (FP.RO), the company said in a more

09.02.2015

Romanian President Klaus Iohannis met Wednesday with representatives of oil and gas companies ExxonMobil and OMV Petrom who emphasized the importance of stability and predictability at fiscal and more

08.28.2015

Johann Pleininger, 53, the former exploration and production, E&P, head of Romania’s largest public company OMV Petrom (SNP.RO) between 2007 and 2013, will step in E&P head with Austria’s OMV more

08.20.2015

Austrian oil and gas group OMV, the majority shareholder of Romania's largest company OMV Petrom (SNP.RO), supports a secondary listing on the London exchange, a company spokesman told MDIAFAX. more

08.19.2015

A potential secondary listing of OMV Petrom (SNP.RO) in London using global depository receipts (GDRs) is clear evidence that the local capital market is underdeveloped, Bucharest Stock Exchange more

08.19.2015

Shareholders of Romania’s largest public company OMV Petrom (SNP.RO) are called to vote on the secondary listing of the oil&gas producer’s shares in London. more

08.12.2015

OMV Petrom, Romania’s largest oil and gas company, Wednesday reported a net profit of 691 million lei (EUR155.6 million) for the second quarter of the year, more than doubled from RON312 million in more

07.23.2015

The hydrocarbon output of OMV Petrom (SNP.RO) rose 0.5% in annual terms in the second quarter of 2015, to 181,000 boe (barrel of oil equivalent) a day, the company said in a statement Thursday. more

07.14.2015

Romania’s leading oil and gas producer OMV Petrom (SNP.RO) has invested EUR310 million in Gorj county, which became the county with the largest gas production in Petrom’s portfolio. more

07.08.2015

Rainer Seele, the new CEO of Austria’s OMV group, stepped in on Tuesday as president of the Supervisory Council of Romania’s only oil and gas producer Petrom (SNP.RO), replacing Gerhard Roiss. more

06.10.2015

This year will be a drilling year, 2016 will be a year of analysis and a plan on how to proceed in the Black Sea will not be devised any sooner than 2017-2018, says Gabriel Selischi, the Romanian put more

06.01.2015

OMV Petrom, the only oil and natural gas producer in Romania, says it is preparing the data rooms for the 30 onshore fields it announced at the end of last year it wanted to give up. This phase means more

05.29.2015

OMV Petrom, the only oil and gas producer in Romania, and its partner, US ExxonMobil, have reached five exploration wells in the Black Sea, some completed and others in progress. Each such well more

05.28.2015

Romanian lender Banca Comerciala Romana (BCR) will provide cash management and trade finance services to oil and gas company OMV Petrom (SNP.RO) starting this year, the lender said in a statement more