04.29.2015

Romania’s largest oil&gas company OMV Petrom (SNP.RO) will pay a gross dividend of 0.112 lei (EUR0.025) per share from 2014 profits, almost three times lower than last year, according to the more

04.21.2015

Romanian oil and natural gas company OMV Petrom (SNP.RO) has started talks with local and international banks to refinance a credit line worth EUR930 million, contracted back in 2011, the company said more

04.06.2015

OMV Petrom (SNP.RO) is preparing to endure a whole year of low oil prices and has budgeted 1.1 billion lei (EUR249 million) in net profit for 2015, 40% lower than in 2014, which in turn was down 60% more

03.31.2015

Litigation with the thousands of employees who left the company, the lower-than-expected results of some investments and the failure of some exploration and production projects were the elements that more

03.26.2015

Mariana Gheorghe, Romania’s most powerful executive, will remain at the helm of Petrom until 2019, after she got another four-year term, the third one after she was appointed in this position in more

03.25.2015

Romania’s largest oil&gas company OMV Petrom (SNP.RO) plans to pay a gross dividend of 0.112 lei (EUR0.025) per share from 2014 profits, almost three times lower than last year. more

03.25.2015

The Supervisory Board of Romanian oil and natural gas company OMV Petrom (SNP.RO) has put Lacramioara Diaconu-Pintea in charge of its gas and power unit and renamed the company’s business divisions. more

03.09.2015

Cristian Secosan, member of the OMV Petrom board responsible for gas and power, is about to end his term almost two and a half years after taking the position. The gas and power unit performed below more

02.26.2015

British company Petrofac has decided to exist a contract signed with OMV Petrom in 2010, which targeted the exploitation of deposits in Ticleni, Gorj county. more

02.19.2015

Romanian oil and natural gas company OMV Petrom (SNP.RO), part of Austrian group OMV, will demolish a part of constructions and installations on the platform of its Arpechim refinery in Pitesti, in more

02.19.2015

OMV Petrom (SNP.RO) expects its hydrocarbon output to go down 2-4% this year and will revise its investment portfolio to optimize costs and eliminate waste, said company CEO Mariana Gheorghe. more

02.19.2015

OMV Petrom (SNP.RO), part of Austria's OMV, will lower its investment plans by 20%-35% this year, citing lower crude oil prices. more

02.19.2015

Romania’s largest company OMV Petrom (SNP.RO) turned to losses in the fourth quarter of 2014, due to the lower oil prices and the negative contribution of its power business. more

02.18.2015

OMV Petrom (SNP.RO), Romania's largest oil and gas company, and US’ ExxonMobil have found a new gas deposit, following the drilling of the third exploration well in the Neptun block in the Black more

01.29.2015

OMV Petrom's natural gas sales rose 5% in the last quarter of 2014, to 14.31 TWh, from 13.56 TWh in the last quarter of 2013, and its hydrocarbon output registered slight growth. more

01.26.2015

Romania’s leading oil&gas company OMV Petrom (SNP.RO) has concluded an agreement with courier services company FAN Courier for the submission and collection of parcels in nearly 300 gas stations. more

01.06.2015

Automobile Dacia became the largest company in Romania by revenue for the first time in 2013, thanks to its 18.4 billion lei sales (EUR4.09 billion). What are the carmaker’s chances of retaining its more

12.22.2014

OMV Petrom (SNP.RO) has signed an agreement with Energocom in the Republic of Moldova and will stat delivering natural gas to Moldova on January 1, through the Iasi-Ungheni pipeline, sources close to more

12.17.2014

OMV Petrom (SNP.RO) and Hunt Oil Company of Romania announced the discovery of a crude oil and gas reserve in southern Buzau county, following a joint exploration investment that amounts to EUR5 more

12.03.2014

Grocery retailer Kaufland beat OMV Petrom (SNP.RO) in terms of personnel numbers for the first time ever and became the biggest private sector employer in Romania. Kaufland had 20,386 active employees more

11.13.2014

OMV Petrom, the largest oil and gas producer in southeast Europe, will invest around EUR30 million in 2014–2015 in the redevelopment of the Tazlau oilfield in Bacau county, eastern Romania, and more

11.06.2014

Romania’s leading oil&gas company OMV Petrom (SNP.RO), owned by OMV Austria, estimates it will register losses from the electricity production this year, after the electric power generated in more

11.06.2014

Romania’s leading oil&gas company OMV Petrom (SNP.RO) announced Thursday that it will review its investment plans for 2015, due to volatile and weaker market fundamentals, such as the decrease of more

11.06.2014

Romania’s leading oil&gas company OMV Petrom (SNP.RO) Thursday reported a 20% decrease in third-quarter net profit, mainly due to lower sales and an increase in the property tax. more

11.05.2014

OMV Petrom has replaced conventional lighting systems in 345 Petrom gas stations with a new LED lighting system in a EUR2.1 million investment that lowers electricity consumption in gas stations by more