01.29.2014

OMV Petrom (SNP.RO) and ExxonMobil became the titleholders for the deep water portion of the XV Midia Block, after the Romanian government approved the transfer of hydrocarbon exploration and more

01.16.2014

Four of the parent companies of the 20 largest Romanian firms boasted share increases by as much as 53% on international markets in 2013, the best year for the Western stock exchanges after the more

01.06.2014

The Romanian state and oil and gas producer OMV Petrom (SNP.RO) are bracing for tough negotiations in 2014 over the royalties charged for Petrom’s oil and gas, Petrom and Exxon will drill their more

12.05.2013

Growth perspectives for the shares of Romania’s largest oil and gas producer OMV Petrom (SNP.RO) are limited because investment fund Fondul Proprietatea and the Romanian state, the company’s two more

11.25.2013

OMV Petrom (SNP.RO), the largest company in Romania, will drill a second deep-water exploration well in the Romanian section of the Black Sea towards the end of the second quarter of next year. While more

11.22.2013

Romania’s newly announced tax on special building structures sends a negative signal to the business community and is likely to hinder further investments, an official with Austrian oil and gas more

11.22.2013

Austrian group OMV, majority shareholder of Romanian leading oil and gas company OMV Petrom (SNP.RO), wants to turn Romania from importer into exporter of natural gas, said OMV head Gerhard Roiss. more

11.13.2013

The shares of OMV Petrom (SNP.RO) closed 5.59% lower Wednesday, at 0.4511 lei (EUR0.1) per unit following rumors that an investor plans to sell a 0.81% stake in the oil company, and caused the more

11.07.2013

Romania’s leading oil and gas company OMV Petrom (SNP.RO) Thursday reported a 47% increase in its third-quarter net profit to 1.27 billion lei (EUR286.7 million), helped by higher oil prices and more

08.09.2013

OMV Petrom, the largest company on the Romanian market by turnover, has annual sales of around EUR200 million from non-oil products sold through the country-wide network of 546 gas stations. On the more

08.01.2013

Austria’s oil and gas company OMV is looking to recruit 1,600 technical staff by 2016 to work for its exploration and production units, including in Romania, the company said in a statement more

07.24.2013

Austrian group OMV, owner of Romania's largest company OMV Petrom (SNP.RO), booked a special charge of EUR55 million in the second quarter, resulting from the write-down of assets related to the more

07.10.2013

Romanian oil and natural gas company OMV Petrom (SNP.RO) sold its 99.99% stake in natural gas distributor Petrom Distributie Gaze to Ligatne, controlled by a firm registered in Cyprus. more

05.17.2013

Romania’s largest oil and gas group OMV Petrom (SNP.RO) plans to invest about EUR90 million by the end of this year to redevelop its Oprisenesti oil field in the eastern county of Braila, the more

05.14.2013

Romania's largest oil company OMV Petrom (SNP.RO) Tuesday reported a first-quarter net profit of 1.33 billion lei (EUR308 million), down 4% on the year, as sales declined. more

04.23.2013

Romania’s leading oil and gas company OMV Petrom (SNP.RO) plans full-year investments of 6.4 billion lei (EUR1.8 billion) for 2013, largely targeting exploration and production operations, according more

04.23.2013

The new representatives of the government to the supervisory board of oil company OMV Petrom (SNP.RO) have been officially confirmed by shareholders Monday. more

04.04.2013

Romanian dominant oil company OMV Petrom (SNP.RO) Thursday said that natural gas output at a deepwater well in the Black Sea developed together with ExxonMobil could reach as much as 6.5 billion cubic more

04.03.2013

The president of Romania’s Property Restitution Authority (ANRP), George Baesu, has been appointed the state’s representative in the Supervisory Board of oil company OMV Petrom (SNP.RO), people more

03.29.2013

Romanian leading oil company OMV Petrom (SNP.RO) will invest in the 2013-2015 period around EUR200 million in redevelopment works at its Suplacu field in the northwestern locality of Barcau, the more

03.27.2013

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it had to shut down its thermal power plant in Brazi because of low natural gas pressure following an unseasonal cold snap. more

03.22.2013

Romanian oil company OMV Petrom (SNP.RO), owned by Austria’s OMV, expects sales revenues of 17.21 billion lei (EUR3.89 billion) in 2013, down 10% from RON19.12 billion last year, and net profit of more

03.21.2013

Romanian oil company OMV Petrom (SNP.RO) said Thursday it appointed Gabriel Selischi as member of the Executive Board, in charge of exploration and production activities, starting September 1, 2013. more

03.15.2013

Grup Servicii Petroliere, an offshore drilling company part of the Upetrom group of businessman Gabriel Comanescu, is bidding in what could be the tender of the year to get a contract with ExxonMobil more

03.13.2013

Romanian president Traian Basescu Wednesday proposed ExxonMobil and OMV-Petrom’s delegation to render the country a regional hub for zonal operations. more