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

03.07.2013

Romanian oil company OMV Petrom (SNP.RO) wants to set up a remuneration committee and make public the remuneration of the members of the Executive and Supervisory boards, Sorana Baciu, more

02.27.2013

Romania needs very large investments in the energy sector, which still has huge potential, said Mariana Gheorghe, chief executive officer of OMV Petrom (SNP.RO), the country’s largest oil and gas more

02.22.2013

Romania’s Economy Minister Varujan Vosganian on Friday said OMV Petrom (SNP.RO) will not dismantle its Arpechim refinery, as announced Thursday, and it will be at the Government's "disposal" as long more

02.22.2013

Romania’s leading oil group OMV Petrom (SNP.RO) and Spanish peer Repsol have reached an agreement for the joint exploration of four onshore blocks in the southern and eastern Carpathian Mountains in more

02.21.2013

Romania’s tax system should advantage both the state and the country’s top oil company OMV Petrom (SNP.RO) and 2013 will be the "year of dialog" on the issue with competent authorities, Petrom's more

02.21.2013

Romanian oil and gas group OMV Petrom (SNP.RO) Thursday said it will dismantle its unprofitable Arpechim refinery unless it can find a suitable buyer. more

02.21.2013

Romanian top oil company OMV Petrom (SNP.RO) has planned a one-month shutdown of its Brazi thermal power plant in the second quarter to install a gas treatment unit, the company’s chief said more

02.21.2013

Romania’s top oil company OMV Petrom (SNP.RO) is planning to increase salaries for its employees to reflect the good results of the company, Chief Executive Officer Mariana Gheorghe said Thursday. more

02.21.2013

Austria’s oil group OMV (OMV.VI) Thursday said its Romanian arm OMV Petrom (SNP.RO) contributed EUR1.27 million to the group’s 2012 earnings before interest and tax, or EBIT, up 9% on the year. more

02.21.2013

Romania’s biggest oil and gas company OMV Petrom (SNP.RO) Thursday announced full-year investment of EUR1 billion for 2013, similar to last year’s figure. more

02.21.2013

Romanian leading oil company OMV Petrom (SNP.RO) Thursday said its net profit rose 5% to a record 3.946 billion lei (EUR901 million) in 2012, fueled by higher crude oil prices and lower production more