08.23.2012

The investment funds administrated by Franklin Templeton Investments have bought a total stake of 0.044% in OMV Petrom (SNP.RO) on the Bucharest Bourse Wednesday, for 9.6 million lei (EUR2.1 million). more

08.15.2012

Ukraine has selected a consortium formed of ExxonMobil, Shell, Romania’s OMV Petrom (SNP.RO) and Nadra Ukrainy national joint-stock company for hydrocarbon exploration in the Skifska field on the more

08.07.2012

Romania's Competition Council Tuesday said it is looking into the takeover deal of Petrom LPG, a subsidiary of Romania’s largest oil company OMV Petrom (SNP.RO), by Crimbo Gas International. more

08.02.2012

OMV Petrom (SNP.RO) has completed the trials of its thermal power plant at Brazi, meaning the plant can begin supplying energy to the market, the company announced Thursday. more

07.09.2012

Each employee of OMV Petrom Gas, Alpiq RomEnergie and British Tobacco brought their companies net profit ranging between EUR250,000 and EUR722,000 in 2011, these being the most profitable employees in more

07.06.2012

The emerging market funds managed by Franklin Templeton are buying OMV Petrom (SNP.RO) shares every day, according to the reports of brokerage firms. more

06.27.2012

Romania’s largest oil company OMV Petrom (SNP.RO) restarted its Petrobrazi refinery after a EUR100 million upgrade investment in its crude vacuum distillation unit, the company said in a statement more

06.05.2012

Almost one year since becoming chief executive of OMV, Gerhard Roiss gives a few clues about the prospects of Romania's largest oil and gas producer, Petrom, as well as its future challenges. more

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

02.15.2012

Romanian leading oil company OMV Petrom (SNP.RO) has been indicted by prosecutors in a case regarding the severe injury of two people in a blast that took place in December 2010. 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