05.17.2013

Romania’s largest oil and gas group OMV Petrom (SNP.RO) plans to invest about EUR90 million by the end of this year to redevelop its Oprisenesti oil field in the eastern county of Braila, the more

05.17.2013

Romanian investment fund Fondul Proprietatea (FP.RO) has sold 1.11% of a planned stake of 1.77% in leading oil company OMV Petrom (SNP.RO) for a total 246.6 million lei (EUR56.8 million), the fund more

05.15.2013

Romanian investment fund Fondul Proprietatea (FP.RO) plans to sell 1.77% of its stake in the country’s largest oil company OMV Petrom (SNP.RO), which is estimated at 445 million lei (EUR102 more

05.14.2013

Romania's largest oil company OMV Petrom (SNP.RO) Tuesday reported a first-quarter net profit of 1.33 billion lei (EUR308 million), down 4% on the year, as sales declined. more

04.26.2013

Romanian leading oil company OMV Petrom (SNP.RO) reported a 5.37% decline in natural gas sales volumes to 16.39 terawatt-hours in the first quarter, hurt by falling demand, Austria’s OMV said in a more

04.23.2013

Romania’s leading oil and gas company OMV Petrom (SNP.RO) plans full-year investments of 6.4 billion lei (EUR1.8 billion) for 2013, largely targeting exploration and production operations, according more

04.23.2013

The new representatives of the government to the supervisory board of oil company OMV Petrom (SNP.RO) have been officially confirmed by shareholders Monday. more

04.17.2013

Romanian Minister-delegate for Energy Constantin Nita said Wednesday that the government is unlikely to resume the sale of a 10% stake in oil company OMV Petrom (SNP.RO), following an unsuccessful more

04.04.2013

Romanian dominant oil company OMV Petrom (SNP.RO) Thursday said that natural gas output at a deepwater well in the Black Sea developed together with ExxonMobil could reach as much as 6.5 billion cubic more

04.03.2013

The president of Romania’s Property Restitution Authority (ANRP), George Baesu, has been appointed the state’s representative in the Supervisory Board of oil company OMV Petrom (SNP.RO), people more

03.29.2013

Romanian leading oil company OMV Petrom (SNP.RO) will invest in the 2013-2015 period around EUR200 million in redevelopment works at its Suplacu field in the northwestern locality of Barcau, the more

03.27.2013

The Romanian Government named Wednesday the president of Romanian procurement authority ANRMAP, Lucian Vladescu, as state representative in OMV Petrom (SNP.RO) Supervisory Board. more

03.27.2013

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it had to shut down its thermal power plant in Brazi because of low natural gas pressure following an unseasonal cold snap. more

03.27.2013

Oil companies OMV Petrom (SNP.RO) and Expert Petroleum have rented a 750-square meter office space in City Business Centre (CBC) Timisoara, western Romania. more

03.22.2013

Romanian oil company OMV Petrom (SNP.RO), owned by Austria’s OMV, expects sales revenues of 17.21 billion lei (EUR3.89 billion) in 2013, down 10% from RON19.12 billion last year, and net profit of more

03.21.2013

Romanian oil company OMV Petrom (SNP.RO) Thursday proposed paying out its shareholders a gross dividend of 0.028 lei (EUR0.0063) a share from the 2012 record profit, 9.6% lower on the year. more

03.21.2013

Romanian oil company OMV Petrom (SNP.RO) said Thursday it appointed Gabriel Selischi as member of the Executive Board, in charge of exploration and production activities, starting September 1, 2013. more

03.15.2013

Grup Servicii Petroliere, an offshore drilling company part of the Upetrom group of businessman Gabriel Comanescu, is bidding in what could be the tender of the year to get a contract with ExxonMobil more

03.07.2013

Romanian oil company OMV Petrom (SNP.RO) wants to set up a remuneration committee and make public the remuneration of the members of the Executive and Supervisory boards, Sorana Baciu, more

02.27.2013

Romania needs very large investments in the energy sector, which still has huge potential, said Mariana Gheorghe, chief executive officer of OMV Petrom (SNP.RO), the country’s largest oil and gas more

02.22.2013

Romania’s Economy Minister Varujan Vosganian on Friday said OMV Petrom (SNP.RO) will not dismantle its Arpechim refinery, as announced Thursday, and it will be at the Government's "disposal" as long more

02.22.2013

Romania’s leading oil group OMV Petrom (SNP.RO) and Spanish peer Repsol have reached an agreement for the joint exploration of four onshore blocks in the southern and eastern Carpathian Mountains in more

02.21.2013

Romania’s tax system should advantage both the state and the country’s top oil company OMV Petrom (SNP.RO) and 2013 will be the "year of dialog" on the issue with competent authorities, Petrom's more

02.21.2013

Romanian oil and gas group OMV Petrom (SNP.RO) Thursday said it will dismantle its unprofitable Arpechim refinery unless it can find a suitable buyer. more

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