08.10.2017

Romania's oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, on Thursday reported a net profit attributable to shareholders of RON592 million for the second quarter, nearly five more

07.20.2017

OMV Petrom on Thursday announced the signing of a contract to sell OMV Petrom Wind Power SRL (Dorobanu Wind Park) to Transeastern Power B.V., a limited liability company registered in the Netherlands, more

07.19.2017

Romania's top oil and gas group OMV Petrom on Wednesday said it started the construction of a new polyfuel unit at its Petrobrazi Refinery, which will allow conversion of LPG components into gasoline more

07.14.2017

OMV Petrom, the largest oil and gas producer in Southeastern Europe, has inaugurated a new railway section inside Petrobrazi refinery, measuring 1.4 km in length and requiring investments of around more

05.11.2017

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04.27.2017

The new strategy of Romania's OMV Petrom (SNP.RO) is centered on three strategic pillars, namely enhancing the competitiveness of the existing portfolio, developing growth options and regional more

04.11.2017

The total hydrocarbon production of Romania's OMV Petrom (SNP.RO), majority owned by Austria's OMV, stagnated at 170,000 barrels of oil equivalent (boe) per day in the first quarter of 2017, the same more

03.15.2017

Franklin Templeton, manager of Romanian investment fund Fondul Proprietatea (FP.RO) bought 3.3 million OMV Petrom (SNP.RO) shares on March 14, for RON0.296/share, totaling RON1 million. more

03.03.2017

Equity fund Frontier Markets Equity and the funds owned by Franklin Templeton, manger of Romanian investment fund Fondul Proprietatea (FP.RO), sold 8,304,181 OMV Petrom shares, according to a more

02.27.2017

Romanian Prime Minister Sorin Grindeanu had a meeting on Monday with a delegation of the consortium made of ExxonMobil and OMV Petrom, led by vice-president of ExxonMobil Development Company, David more

02.17.2017

Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, estimates annual investments of EUR1 billion and a reserve-replacement ratio of 100% in the next five years, according more

02.16.2017

Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, on Thursday reported a net profit attributable to stockholders of RON1.04 billion in 2016, from a loss of RON676 million more

02.07.2017

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01.27.2017

State-run oil transporter Conpet Ploiesti (COTE.RO) has signed a contract of RON271.3 million (EUR60 million) with cu oil and gas company OMV Petrom for crude oil transport, available between February more

01.16.2017

Romania's OMV Petrom (SNP.RO), majority owned by Austria's OMV, reported a hydrocarbon production of 170,000 kboe/d in the fourth quarter of 2016, compared with 176,000 kboe/d in the same period a more

12.28.2016

Daniel Turnheim has been appointed interim member of the Supervisory Board of oil and gas company OMV Petrom SA, following Christoph Trentini’s waiver of his mandate as member of the Supervisory more

12.27.2016

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12.08.2016

OMV Petrom and Hunt Oil Company of Romania announced the start of experimental gas production at Padina field (southern Buzau county), discovered at the end of 2014, which is the final stage of a new more

10.20.2016

Romania's largest oil and gas company OMV Petrom (SNP.RO) starts trading global depository receipts (GDRs) on the London Stock Exchange Thursday. more

10.05.2016

Romania’s Financial Supervisory Authority ASF on Wednesday approved the prospectus relating to the secondary public offering by which Fondul Proprietatea puts up for sale up to 3.6 billion shares in more

09.27.2016

The sale of a significant share of Fondul Proprietatea’s 19% stake in OMV Petrom announced last week took investors by surprise and is turning Franklin Templeton, the manager of the fund, into a more

09.23.2016

Romanian investment fund Fondul Proprietatea (FP.RO) said it would proceed with a partial sale of its shares in oil and gas company OMV Petrom (SNP.RO) through a public offering of both shares and more

08.25.2016

Romania's largest oil and gas company OMV Petrom (SNP.RO), majority owned by Austria's OMV, has announced the continuation of the production enhancement contract in Ticleni area, Gorj county, with a more

08.10.2016

Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, will close down 250 uneconomic drilling wells this year, of the 7,600 available units, while the staff numbers dropped more

07.22.2016

Romania's largest oil company OMV Petrom (SNP.RO), majority owned by Austria's OMV, announced the appointment of Reinhard Florey as interim member and Deputy President of the Supervisory Board. more