05.29.2012

Romania may need financing of up to EUR60 billion to capitalize its oil and natural gas resources, double the amount estimated by the authorities for the entire energy sector by 2030, an official of more

05.09.2012

The first-quarter electricity production of Dorobantu wind farm brought OMV Petrom (SNP.RO) 61,763 green certificates, which might be valued at EUR3.39 million at current market prices, Romania’s more

04.25.2012

Romania’s dominant oil company OMV Petrom (SNP.RO), controlled by Austria’s OMV, could build a second gas-fired thermal power plant, following the construction of an 860 MW plant in Brazi due for more

04.18.2012

Austrian group OMV, the majority shareholder of Romanian oil company OMV Petrom, has filed a claim against the Romanian state with the International Court of Arbitration in Paris, demanding refunds of more

02.22.2012

OMV Petrom (SNP.RO) is a pillar of stability and a trustworthy partner for Romania's economy, especially when it comes to the taxes paid, energy supply to consumers and investment, chief executive more

02.22.2012

Current gas prices in Romania create an unsustainable situation that could impact investment on this segment, including the activity of the thermal power producer built by OMV Petrom (SNP.RO) in more

02.22.2012

Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said that its employee numbers dropped by 7% last year, to 22,912, reaching less than half of staff numbers seen in 2004, when the company more

02.22.2012

Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said it recorded a loss of 404 million lei (EUR95.3 million) from hedging in 2011, compared to just RON6 million in the previous year, but more

02.22.2012

Romanian oil company OMV Petrom (SNP.RO) on Wednesday announced it plans to pay dividend from the record profit achieved in 2011, while the investment budget for 2012 reaches over EUR1 billion. more

02.22.2012

Oil company OMV Petrom (SNP.RO) on Wednesday reported that hydrocarbon production for 2012 rose 1% on the year, to 67.77 million barrels of oil equivalent (boe), due to the drilling of new wells and more

02.21.2012

Romanian oil company OMV Petrom (SNP.RO) on Tuesday announced it will give local authorities 5 million lei (EUR1.2 million) to buy emergency machinery and equipment. more

02.03.2012

Austrian oil and gas group OMV Friday said it booked a special charge of some EUR120 million in the fourth quarter of 2011, for the fine imposed by Romanian competition authorities to OMV Petrom more

01.17.2012

The thermal power plant built by oil company OMV Petrom (SNP.RO) in central Romania will most likely be launched in May, with a six-month delay, because of technical difficulties, people close to the more

01.09.2012

Romanian authorities are carrying advanced negotiations to purchase the Arpechim refinery from oil company OMV Petrom (SNP.RO), local officials in Arges County said Monday. 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

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

11.10.2011

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

11.08.2011

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

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

10.21.2011

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

10.14.2011

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

10.04.2011

E.ON Romania chief executive officer Frank Hajdinjak on Tuesday said now would not be a good time for oil and gas company OMV Petrom (SNP.RO) to raise natural gas price, since prices are already more

09.30.2011

Romanian oil and gas company OMV Petrom (SNP.RO) on Friday said it wants to increase the price of locally made gas by some 6%, to 525 lei (EUR120) from RON495 per thousand cubic meters. more