01.09.2012

Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania, the local unit of US giant ExxonMobil, have started drilling to extract oil from a joint field in more

01.04.2012

Romanian oil company OMV Petrom (SNP.RO) on Wednesday announced the appointment of Gerald Kappes as interim member of the Supervisory Board, replacing Werner Auli who resigned citing health reasons. more

12.16.2011

OMV Petrom (SNP.RO), the largest company in Romania, could be significantly affected by the changes of the Gas Law approved by the Chamber of Deputies on Thursday. more

12.05.2011

Romanian oil and gas company OMV Petrom (SNP.RO) and dairy maker Albalact (ALBZ.RO) have the greatest potential for growth on the Bucharest bourse over the next 12 months, according to a report issued more

11.30.2011

Romanian oil group Rompetrol on Wednesday announced it has started drilling operations, for the first time in Romania, following an investment of $8.5 million. more

11.23.2011

Romanian oil company OMV Petrom (SNP.RO) contracted a multi-currency revolving credit facility worth EUR930 million, with three years tenor and a possibility for a two-year extension, for general more

11.23.2011

Daniel Turnheim is the youngest member of the management of Petrom (SNP.RO). He took over as chief financial officer a year ago. The 36-year old executive’s appointment came at a time when the only more

11.16.2011

Romanian antitrust authorities are investigating oil and gas group OMV Petrom (SNP.RO) for alleged breaches of competition regulations regarding the company's withdrawal of Eco Premium gasoline more

11.10.2011

Profit chain: Fuels become more expensive. OMV Petrom (SNP.RO) makes higher profit. Austrian-held OMV, which owns 51% in Petrom, makes even more money. The government gains something, too, through more

11.09.2011

Romanian oil and gas group OMV Petrom's (SNP.RO) natural gas production in Romania and Kazakhstan increased 3% in the first nine months, to 3.96 billion cubic meters, from 3.84 billion cubic meters in more

11.09.2011

Oil group OMV Petrom (SNP.RO) on Wednesday reported a net profit of 2.921 billion lei (EUR694.5 million) for the first nine months of the year, doubled on the year, while sales rose 23% to RON16.224 more

11.08.2011

Four years after Austria’s OMV paid EUR328 million to Sorin Ovidiu Vantu to take over Petromservice, two questions remain unanswered: why did the Austrian company pay so much to take over the more

11.08.2011

Petrom (SNP.RO), the largest Romanian company, could post 780 million lei (EUR179.4 million) profit in the third quarter, analysts estimate. more

11.02.2011

Romanian dominant oil company OMV Petrom (SNP.RO) Wednesday said it started test exploitation of its Totea well in the southwestern region of Oltenia, which could prove to be the country’s most more

10.28.2011

Romanian oil and gas producer OMV Petrom (SNP.RO) acquired in September maintenance and transport services worth an approximate total EUR100 million, from subsidiaries of Austrian group Christof and more

10.28.2011

ExxonMobil hopes that along with Petrom, Romania’s largest company, it will join the exclusive club of prospectors of the sea depths, through their operations in the Neptun block in the Black Sea. more

10.21.2011

Romanian oil and gas company OMV Petrom (SNP.RO) reported a 15% rise in third quarter natural gas sales, to 840 million cubic meters, from 730 million cubic meters in the same interval of 2010, but more

10.20.2011

Romanian dominant oil company OMV Petrom (SNP.RO) and US giant Exxon Mobil are scheduled to start drilling in the Black Sea this winter, while the first data on possible oil and gas discoveries will more

10.19.2011

The price of the oil barrel has fluctuated heavily in 2011; from a peak of $114.53 in April, it plunged to $76.39 at the beginning of October. This trend, however, did not induce any response in the more

10.14.2011

Energy investments completed in Romania in 2011 make it the best of the past 20 years, as the value of new electricity projects is around EUR2 billion. more

10.14.2011

Romania’s fuel distribution market caught the eye of international groups such as Gazprom or SOCAR, even though some 90% of local sales go to four major companies. more

10.14.2011

Gheorghe Ionescu, one of the businesspeople closest in touch with what is going in Romania, has made his first public appearance in a decade, as he attended inauguration of the new Jilava plant of the more

10.13.2011

The success rate for deep hydrocarbon exploration is 10%-20%; the rest is risk in the billions of euros. This year, two international giants and Romania's largest oil and gas producer OMV Petrom more

10.06.2011

Romanian dominant oil company OMV Petrom (SNP.RO) Thursday said it has commenced commercial operations at its wind farm in Dorobantu locality, in southern region of Dobrogea. more

10.06.2011

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it has extended until 2012 its oil price hedges to protect its cash flow from the negative impact of potential lower oil prices. more