11.13.2013

The Bucharest stock market declined in early trade Wednesday, dragged down by OMV Petrom’s (SNP.RO) shares, but Romgaz (SNG.RO) was slightly higher in its second trading session. more

11.12.2013

Romania’s Competition Council on Tuesday said it has authorized the sale of natural gas distributor Petrom Distributie Gaze to Ligatne, a company controlled by Czech investment fund PPF Investments. more

11.07.2013

Romania’s leading oil and gas company OMV Petrom (SNP.RO) Thursday reported a 47% increase in its third-quarter net profit to 1.27 billion lei (EUR286.7 million), helped by higher oil prices and more

10.18.2013

Romanian leading oil company OMV Petrom (SNP.RO) reported a 22% annual increase in gas sales volumes to 11.24 terawatts per hour in the third quarter of 2013, but the margin level declined from the more

10.15.2013

Mariana Gheorghe, chief executive officer of Romania’s largest oil and gas company OMV Petrom (SNP.RO), is ranked the world’s 27th most powerful woman in business in a list compiled by U.S. more

10.13.2013

Romanian businessman Gabriel Comanescu, owner of the Upetrom group, has renounced plans to focus on the production of parts for wind turbines at the Upetrom 1 Mai plant in Ploiesti, which will stick more

09.26.2013

Ukraine said Thursday that it has reached a preliminary hydrocarbon sharing agreement with a consortium comprising oil giants ExxonMobil and Shell, Romanian OMV Petrom (SNP.RO) and Ukrainian Nadra for more

09.18.2013

The ten-year contract between oil and gas company OMV Petrom (SNP.RO) and the Romanian state on royalties expires in 2014 and the question is what the new royalties will be, after the renegotiation of more

09.16.2013

Romanian power producer Complexul Energetic Oltenia (CE Oltenia) says the power it generates from coal could be cheaper than the electricity OMV Petrom (SNP.RO) and Romgaz generate from gas if the more

08.26.2013

Romanian oil and natural gas company OMV Petrom (SNP.RO) signed energy deals worth 39.4 million lei (about EUR9 million) on energy exchange OPCOM at the end of last week. The electricity is produced more

08.19.2013

Mariana Gheorghe, CEO of Romania’s largest oil company OMV Petrom (SNP.RO), said Petrom and US ExxonMobil, its partner for deepwater Black Sea exploration, set off talks with Transgaz to analyze the more

08.13.2013

Romanian oil and natural gas company OMV Petrom (SNP.RO) will turn a part of installations at its Arpechim refinery into a warehouse for crude oil, Petrom's chief executive officer Mariana Gheorghe more

08.13.2013

Romania's largest oil company OMV Petrom (SNP.RO) Tuesday said its net profit rose 65% on the year to 1.06 billion lei (EUR248.9 million) in the second quarter. more

08.09.2013

OMV Petrom, the largest company on the Romanian market by turnover, has annual sales of around EUR200 million from non-oil products sold through the country-wide network of 546 gas stations. On the more

08.07.2013

A new addendum with classified content has been added to the concession agreement for oil exploration, development and exploitation in the Neptun block of the Black Sea, with the main explanation more

08.06.2013

Romania’s leading oil and gas company OMV Petrom (SNP.RO) said Tuesday it set into operation in July a new natural gas desulfurization installation at its Petrobrazi refinery following an investment more

08.05.2013

ExxonMobil and Romania’s largest company Petrom, have awarded contracts of almost $850 million since the start of deep-sea works in the Romanian section of the Black Sea, according to data more

07.15.2013

The most profitable companies in Romania posted EUR3.755 billion net profit together last year. OMV Petrom (SNP.RO) was the top profit maker, with its EUR864.1 million accounting for 23% of the total, more

07.10.2013

Romanian oil and natural gas company OMV Petrom (SNP.RO) sold its 99.99% stake in natural gas distributor Petrom Distributie Gaze to Ligatne, controlled by a firm registered in Cyprus. more

07.10.2013

Romania’s leading oil and gas company OMV Petrom (SNP.RO) plans to commission infrastructure works of up to EUR450 million for the redevelopment of seven mature onshore oil fields, the company said more

06.25.2013

ExxonMobil Exploration and Production Romania and oil company OMV Petrom (SNP.RO) completed a large 3D seismic survey in the Black Sea covering over 6,000 square kilometers in the deepwater area of more

06.25.2013

ExxonMobil has awarded Texas-based Diamond Offshore Drilling a $532 million contract for drilling services in the Neptun block in the Black Sea, which it operates in partnership with OMV Petrom more

06.12.2013

OMV Petrom (SNP.RO), Fondul Proprietatea (FP.RO), Transgaz (TGN.RO), SIF Moldova (SIF2.RO) and Transelectrica (TEL.RO) are due to begin dividend payment in the next two weeks and will thus unfreeze more

06.12.2013

The 100 largest importers account for almost 40% of the total imports or more than EUR21 billion euros, according to the National Statistics Institute. more

05.20.2013

Romanian regional investment fund SIF Oltenia (SIF5.RO) bought a 0.09% stake in OMV Petrom (SNP.RO) for about 20 million lei (EUR4.6 million) from Fondul Proprietatea (FP.RO). more