10.18.2016

Investment fund Fondul Proprietatea (FP.RO) on Monday sold 1.9 billion shares of the 3.3 billion shares owned in oil and gas company OMV Petrom (SNP.RO) through BCR brokerage division. more

10.17.2016

Oil and gas company OMV Petrom transferred 19 onshore oil fields in Romania, plus three workover rigs and associated crews, to Mazarine Energy SRL, a fully owned Romanian subsidiary of Mazarine Energy 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

09.29.2016

Shares of oil and gas company OMV Petrom (SNP.RO) fell nearly 6% on Wednesday, trading at RON0.244 per share, from RON0.259 per share on September 22, before investment fund Fondul Proprietatea said 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

Shares of oil and gas company OMV Petrom (SNP.RO) fell nearly 4% on Friday, trading at RON0.2480/0.2490 per unit, after investment fund Fondul Proprietatea said it would proceed with a partial sale of 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

08.10.2016

Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, on Wednesday reported a net profit of RON117 million, down 83% compared with the same period last year, citing declining 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

06.01.2016

OMV Petrom, the largest oil and gas group in Romania, went through a profound change of revenue structure last year, when its gas stations became the main revenue and profit generator, while the oil more

05.22.2016

The average price per liter of gasoline in Romania was 10% lower in the first quarter of 2016 than in the same period a year ago, while diesel price per liter was nearly 17% lower. 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

02.15.2016

more