11.28.2012

The European Bank for Reconstruction and Development (EBRD) Wednesday sold 20% of its stake in Romanian leading oil company OMV Petrom (SNP.RO) for 84.9 million lei (EUR18.8 million). 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

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

11.08.2012

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

10.31.2012

Romania is no longer willing to sell 10% of oil company OMV Petrom (SNP.RO) considering the latest developments regarding gas extraction in the Romanian sector of the Black Sea, President Traian 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

10.17.2012

Romanian oil company OMV Petrom (SNP.RO) officially opened its thermal power plant running on natural gas in Brazi (southern Romania) on Tuesday, after a EUR530 million investment, the only such more

10.08.2012

Mariana Gheorghe, Chief Executive Officer of Romania’s largest oil company OMV Petrom (SNP.RO), has this year joined the ranks of the international elite of executives, debuting at no. 32 in the more

10.07.2012

Romania’s Government and oil company OMV Petrom (SNP.RO) have recently started talks regarding royalty rates for oil and natural gas, Mariana Gheorghe, CEO of the company, said in an interview more

10.07.2012

Romania needs annual investments of EUR3 to EUR4 billion by 2030 to ensure its independence from energy imports, Mariana Gheorghe, Chief Executive Officer of leading oil company OMV Petrom (SNP.RO) more

10.07.2012

Gas extraction in the Romanian sector of the Black Sea is likely to start towards the end of the decade and the gas deposit might eliminate the country’s dependence on gas imports, Mariana Gheorghe, more

09.14.2012

U.S. funds keep buying into Petrom and in Romanian investment fund Fondul Proprietatea, the most valuable companies on the Bucharest Stock Exchange, while other investors are fleeing the market, at a more

09.06.2012

An investment fund administrated by Franklin Templeton Investments has bought a total stake of 0.044% in OMV Petrom (SNP.RO) on the Bucharest Bourse Wednesday, for 9.7 million lei (EUR2.1 million). more

08.24.2012

Templeton Frontier Markets Fund, managed by Franklin Templeton Investments, bought a 0.05% stake in OMV Petrom (SNP.RO) on the Bucharest Stock Exchange Thursday, for 11 million lei (EUR2.4 million). more

08.23.2012

The investment funds administrated by Franklin Templeton Investments have bought a total stake of 0.044% in OMV Petrom (SNP.RO) on the Bucharest Bourse Wednesday, for 9.6 million lei (EUR2.1 million). more

08.15.2012

Ukraine has selected a consortium formed of ExxonMobil, Shell, Romania’s OMV Petrom (SNP.RO) and Nadra Ukrainy national joint-stock company for hydrocarbon exploration in the Skifska field on the more

08.08.2012

Romanian energy imports are likely to reach 46% of the total consumption in 2030, according to estimates of dominant oil company OMV Petrom (SNP.RO), which said the country needs more investments in more

08.08.2012

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit after minorities fell 29% on the year to 643 million lei (EUR141.6 million) in the second quarter, mostly due to more

08.07.2012

Romania's Competition Council Tuesday said it is looking into the takeover deal of Petrom LPG, a subsidiary of Romania’s largest oil company OMV Petrom (SNP.RO), by Crimbo Gas International. more

08.02.2012

OMV Petrom (SNP.RO) has completed the trials of its thermal power plant at Brazi, meaning the plant can begin supplying energy to the market, the company announced Thursday. more

07.20.2012

Romanian leading oil company OMV Petrom (SNP.RO) reported a 35.6% decline in natural gas sales volumes to 11.16 Terawatts per hour in the second quarter, largely due to restructuring at its Petrobrazi more