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

07.20.2016

ExxonMobil, which signed a deal to explore the deep water sector of the Neptun Block in the Black Sea with OMV Petrom, the only oil and gas producer in Romania in 2008, ended last year with about 321 more

06.13.2016

OMV Petrom, the largest retailer of gas and diesel in Romania, posted about 2.2 billion lei (EUR500 million) revenue from non-oil products and services last year. more

06.08.2016

Officials of the European Commission’s Directorate General for Competition and of the Competition Council in Romania on June 6 carried out unannounced inspections at the premises of Romgaz, OMV more

05.11.2016

Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, on Wednesday reported a 17% year-on-year slump in consolidated sales for the first quarter, mainly due to the sharp more

04.27.2016

Rainer Seele, chief executive officer of OMV and chairman of the supervisory board of OMV Petrom had his first meeting with the Romanian media on Tuesday to present the plans of the Austrian group for more

04.22.2016

Romania's High Court of Justice ruled irrevocably that oil company OMV Petrom breached antitrust regulations by forming a cartel with other oil companies, Competition Council said in a statement on more

04.20.2016

No company in the oil business was able to escape the fallout of the decline in oil price in 2015, so the ten largest energy industry actors in Central and Eastern Europe ended 2015 with EUR8.5 more

03.14.2016

Investment fund Franklin Templeton Frontier Markets on Monday announced that it had sold 654,892 shares of oil and gas company OMV Petrom (SNP.RO) within trading sessions on March 8, 10 and 11. more

02.24.2016

Romania’s largest oil company OMV Petrom (SNP.RO) has agreed with Petrofac, upon the latter’s request, on the early termination of the contract for boosting crude oil production in Ticleni area, more

02.18.2016

Romania’s largest company OMV Petrom (SNP.RO) will reduce its crude oil output by 4% in 2016, after having extracted 65.19 million barrels of oil last year, 1% lower than in 2014, Gabriel Selischi, more

02.18.2016

Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, posted net loss of 690 million lei (EUR155 million) in 2015, compared with a profit of RON2.1 billion in 2014, the more