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

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02.01.2016

OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer, could end 2015 in the red, as the oil price slump caused it two successive impairments of exploration and production asset value. more

01.29.2016

The hydrocarbon output of OMV Petrom (SNP.RO) fell 3.3% in annual terms in the fourth quarter of 2015, to 176,000 boe (barrel of oil equivalent) a day, but rose 1.1% compared to the third quarter, in more

01.25.2016

OMV Petrom (SNP.RO), the only local oil and natural gas producer, intends to complete the Petrom City project in Straulesti, northern Bucharest, where it moved more than 2,500 employees in 2010, but more

01.14.2016

Austria’s OMV group, the majority shareholder of OMV Petrom has replaced Gabriel Selischi, who was in charge of Petrom’s Upstream activity, with German executive Peter Zeilinger, before the end of more

01.05.2016

Carmaker Automobile Dacia’s revenue is close to 20 billion lei (almost EUR4.5 billion) in 2015, which puts it farther ahead of OMV Petrom SA, the largest company in Romania by revenue for years, more

12.23.2015

Several Franklin Templeton funds on Tuesday sold shares of oil and gas company OMV Petrom (SNP.RO) worth RON19.6 million (EUR4.3 million), while Norway’s sovereign wealth fund sold shares worth more

12.17.2015

Romania's largest company OMV Petrom (SNP.RO) on Thursday said it invested EUR18 million in modernizing the fuel terminal in Cluj (north-western Romania), being the fifth modern fuel terminal more

11.05.2015

A long-term market environment with low crude oil prices would prompt OMV Petrom (SNP.RO) to lower investments in upstream by 25-35% compared with 2014, which would lower its hydrocarbon output by as more

11.05.2015

OMV Petrom (SNP.RO), Romania’s largest oil and gas company, Thursday reported a net profit of 991 million lei (EUR223.1 million), 59% lower than in the same period last year. more

10.19.2015

The hydrocarbon output of OMV Petrom (SNP.RO) fell 2.2% in annual terms in the third quarter of 2015, to 174,000 boe (barrel of oil equivalent) a day, in the context of works scheduled at several more

10.09.2015

OMV Petrom (SNP.RO) is auctioning a drilling contract worth up to $121 million, to dig out the oil and gas reserves buried deepest underground. more