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

11.22.2012

Romania must exploit shale gas if geological prospecting indicates the existence of significant reserves, said Gerhard Roiss, chief executive officer of Austrian oil and gas group OMV. more

11.22.2012

Austrian oil and gas group OMV, the majority shareholder of Romania’s largest company OMV Petrom (SNP.RO), will cut its retail network in several countries, including Romania, over the next three more

11.22.2012

Austrian oil and gas group OMV, the majority shareholder of Romania’s largest company OMV Petrom (SNP.RO), has great expectations from the blocks it prospects in the Black Sea, according to chief more

11.21.2012

Austrian oil and gas group OMV next year will start drilling for more hydrocarbon resources at an offshore perimeter in the Romanian Black Sea, an official of the company said Wednesday. more

11.08.2012

The 27% decline of OMV Petrom’s (SNP.RO) third-quarter net profit led to a 3.6% decrease in the past two days of its stock on the Bucharest exchange, erasing EUR185 million from the market value of more

11.08.2012

Romania’s dominant oil company OMV Petrom (SNP.RO), controlled by Austria’s OMV, will shut down its thermal power plant in Brazi for a scheduled maintenance between November 9 and November 13, the more

11.07.2012

Romania’s leading oil and gas producer OMV Petrom (SNP.RO) Wednesday reported a net profit of 864.5 million lei (EUR191.2 million), down 27% on the year, due to a lower financial result. more

10.19.2012

The oil and gas production of OMV Petrom (SNP.RO), Romania’s largest company, fell slightly in the third quarter compared with the year-earlier period, according to a trading statement of OMV, more

10.19.2012

Sterling Resources, an oil and gas company operating in the Black Sea, Friday said it has signed a sale and purchase agreement with ExxonMobil Exploration and Production Romania and OMV Petrom more