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

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

08.18.2011

Romanian leading oil company OMV Petrom (SNP.RO) has requested the extension until 2014 of its exploration rights on several onshore fields, according to a document prepared by the National Agency for more

08.08.2011

Romania’s leading oil company OMV Petrom (SNP.RO) has awarded drilling contracts for eight onshore fields worth EUR248 million, value added tax excluded, the company said in a statement Monday. more

07.22.2011

Romania's dominant oil and gas company Petrom and US giant ExxonMobil, the world’s largest oil company, are taking up the costliest bet ever made on Romania’s underground reserves: seeking more

07.07.2011

Romanian oil company OMV Petrom in January filed a complaint with the European Court of Human Rights against Romanian courts, and is involved in a number of cases that, excluding those against its more

07.07.2011

Romanian oil company OMV Petrom (SNP.RO) will pay compensation between 18,360 lei (EUR4,400) and RON31,100 for employees laid off, according to the public offering prospectus written as the government more

07.01.2011

The Economy Ministry is likely to launch its planned secondary public offering for 9.84% in dominant oil company OMV Petrom (SNP.RO) on July 11 or July 12, participants in the capital market said more

06.21.2011

Romanian leading oil company OMV Petrom (SNP.RO) Tuesday said its cogeneration thermal plant in Brazi has successfully connected to the national power grid during a series of pre-run tests. more

06.17.2011

Romanian leading oil and gas company OMV Petrom (SNP.RO) will pay 14.7 million lei (EUR3.4 million) for waste removal services at eight storage facilities in the country, the company said in a more

06.09.2011

Romanian President Traian Basescu met Thursday with a delegation from US Exxon Mobil and Romanian OMV Petrom (SNP.RO), to discuss the two oil companies’ investment plans for the blocks leased in the more

06.08.2011

Austria’s OMV, the majority shareholder of Petrom (SNP.RO), sold all the new shares issued as part of its capital increase, but the price at which the offering ended, EUR27.5/share, was lower than more

05.31.2011

Chemical plant Oltchim (OLT.RO) bought from oil company OMV Petrom (SNP.RO) another set of assets at the Arpechim refinery, to be used in petrochemistry activities. more

05.19.2011

Austrian oil and gas group OMV on Thursday listed a series of risks faced by Romanian OMV Petrom (SNP.RO), including gas station boycotts triggered by price hikes, litigation with past or current more

05.19.2011

Romania's largest oil company OMV Petrom (SNP.RO) Thursday said it has increased natural gas production following investment in redevelopment at several mature reservoirs and the start of five wells more

05.19.2011

Oil and gas company OMV on Thursday said it may face adverse conditions in Romania and its sales might decrease if mineral resources regulator ANRM fails to renew OMV Petrom's (SNP.RO) exploration more

05.18.2011

Romania’s securities commission CNVM Wednesday approved a preliminary prospectus for the sale of a 9.84% stake in dominant oil company OMV Petrom (SNP.RO). more

05.12.2011

Austrian transport and logistics firm Gebruder Weiss concluded a EUR9.6 million contract (plus VAT) with Romanian oil company OMV Petrom (SNP.RO), to supply hub operation and transport services over a more

05.12.2011

OMV Petrom (SNP.RO), the biggest company on the oil and gas market, posted growth in sales and profit, even though the market it operates on continued to go down. Repeated pump price hikes and cost more

05.11.2011

Romanian oil and gas company OMV Petrom (SNP.RO) Wednesday said it has invested 633 million lei (EUR154.8 million) in the first quarter, 12% less than RON717 million in the year-earlier period, since more

05.11.2011

Romanian oil group OMV Petrom (SNP.RO) Wednesday reported a 1% year-on-year increase in its first quarter hydrocarbon production, driven by higher gas production in Romania and higher hydrocarbon more

05.11.2011

Romanian oil company OMV Petrom (SNP.RO) will permanently shut down the Arpechim refinery over the next several months, turning it into a storage unit for crude and oil products, the company said in more

05.11.2011

Romanian dominant oil company OMV Petrom (SNP.RO) decided to give up its plan for a EUR600 million share capital increase, as its financial position has improved in the past year, the company said in more