11.23.2011

Daniel Turnheim is the youngest member of the management of Petrom (SNP.RO). He took over as chief financial officer a year ago. The 36-year old executive’s appointment came at a time when the only more

11.10.2011

Profit chain: Fuels become more expensive. OMV Petrom (SNP.RO) makes higher profit. Austrian-held OMV, which owns 51% in Petrom, makes even more money. The government gains something, too, through more

11.09.2011

Romanian oil and gas group OMV Petrom's (SNP.RO) natural gas production in Romania and Kazakhstan increased 3% in the first nine months, to 3.96 billion cubic meters, from 3.84 billion cubic meters in more

11.08.2011

Four years after Austria’s OMV paid EUR328 million to Sorin Ovidiu Vantu to take over Petromservice, two questions remain unanswered: why did the Austrian company pay so much to take over the more

10.28.2011

Romanian oil and gas producer OMV Petrom (SNP.RO) acquired in September maintenance and transport services worth an approximate total EUR100 million, from subsidiaries of Austrian group Christof and more

10.21.2011

Romanian oil and gas company OMV Petrom (SNP.RO) reported a 15% rise in third quarter natural gas sales, to 840 million cubic meters, from 730 million cubic meters in the same interval of 2010, but more

10.14.2011

Romania’s fuel distribution market caught the eye of international groups such as Gazprom or SOCAR, even though some 90% of local sales go to four major companies. more

10.04.2011

E.ON Romania chief executive officer Frank Hajdinjak on Tuesday said now would not be a good time for oil and gas company OMV Petrom (SNP.RO) to raise natural gas price, since prices are already more

09.30.2011

Romanian oil and gas company OMV Petrom (SNP.RO) on Friday said it wants to increase the price of locally made gas by some 6%, to 525 lei (EUR120) from RON495 per thousand cubic meters. more

09.29.2011

OMV Petrom (SNP.RO), the largest Romanian company, is looking into the possibility of selling about 130 gas stations, almost one quarter of its entire network, to Gazprom's Serbian subsidiary, NIS. more

09.27.2011

The price of natural gas imports from Russia will rise to $545 per thousand cubic meters in October, while Romanian authorities maintain the price of locally made gas at $160, Tuesday said Hilmar more

09.22.2011

Gerhard Roiss, the head of Austrian oil group OMV, Thursday said he has informed Romanian President Traian Basescu and Prime Minister Emil Boc on the group’s strategy for activities in Romania, and more

09.20.2011

Romania’s leading oil company OMV Petrom (SNP.RO) will lower the share capital of its retail division OMV Petrom Marketing by 735.2 million lei (EUR171.6 million) to RON245 million, the company said more

09.09.2011

Romanian authorities want to buy the Arpechim Pitesti refinery from oil company OMV Petrom (SNP.RO), and the company is willing to start negotiations “as soon as possible”, according to a news more

08.30.2011

Dafora Medias (DAFR.RO) announced Tuesday that it has started drilling with the first rig on the Adjud block leased by US Hunt Oil in partnership with OMV Petrom (SNP.RO). more

08.24.2011

Romania’s agency for mineral resources ANRM has agreed to extend until September 2014 a series of exploration licenses for onshore fields granted to dominant oil company OMV Petrom (SNP.RO), the more

08.18.2011

Romanian leading oil company OMV Petrom (SNP.RO) has requested the extension until 2014 of its exploration rights on several onshore fields, according to a document prepared by the National Agency for more

08.08.2011

Romania’s leading oil company OMV Petrom (SNP.RO) has awarded drilling contracts for eight onshore fields worth EUR248 million, value added tax excluded, the company said in a statement Monday. more

07.22.2011

Romania's dominant oil and gas company Petrom and US giant ExxonMobil, the world’s largest oil company, are taking up the costliest bet ever made on Romania’s underground reserves: seeking more

07.07.2011

Romanian oil company OMV Petrom in January filed a complaint with the European Court of Human Rights against Romanian courts, and is involved in a number of cases that, excluding those against its more

07.07.2011

Romanian oil company OMV Petrom (SNP.RO) will pay compensation between 18,360 lei (EUR4,400) and RON31,100 for employees laid off, according to the public offering prospectus written as the government more

07.01.2011

The Economy Ministry is likely to launch its planned secondary public offering for 9.84% in dominant oil company OMV Petrom (SNP.RO) on July 11 or July 12, participants in the capital market said more

06.21.2011

Romanian leading oil company OMV Petrom (SNP.RO) Tuesday said its cogeneration thermal plant in Brazi has successfully connected to the national power grid during a series of pre-run tests. more

06.17.2011

Romanian leading oil and gas company OMV Petrom (SNP.RO) will pay 14.7 million lei (EUR3.4 million) for waste removal services at eight storage facilities in the country, the company said in a more

06.09.2011

Romanian President Traian Basescu met Thursday with a delegation from US Exxon Mobil and Romanian OMV Petrom (SNP.RO), to discuss the two oil companies’ investment plans for the blocks leased in the more