09.22.2015

Shareholders of Romania's largest company OMV Petrom (SNP.RO) approved Tuesday the secondary listing on the London Stock Exchange, as proposed by Fondul Proprietatea (FP.RO), the company said in a more

09.02.2015

Romanian President Klaus Iohannis met Wednesday with representatives of oil and gas companies ExxonMobil and OMV Petrom who emphasized the importance of stability and predictability at fiscal and more

08.28.2015

Johann Pleininger, 53, the former exploration and production, E&P, head of Romania’s largest public company OMV Petrom (SNP.RO) between 2007 and 2013, will step in E&P head with Austria’s OMV more

08.20.2015

Austrian oil and gas group OMV, the majority shareholder of Romania's largest company OMV Petrom (SNP.RO), supports a secondary listing on the London exchange, a company spokesman told MDIAFAX. more

08.19.2015

A potential secondary listing of OMV Petrom (SNP.RO) in London using global depository receipts (GDRs) is clear evidence that the local capital market is underdeveloped, Bucharest Stock Exchange more

08.19.2015

Shareholders of Romania’s largest public company OMV Petrom (SNP.RO) are called to vote on the secondary listing of the oil&gas producer’s shares in London. more

08.12.2015

OMV Petrom, Romania’s largest oil and gas company, Wednesday reported a net profit of 691 million lei (EUR155.6 million) for the second quarter of the year, more than doubled from RON312 million in more

07.27.2015

Romania’s leading oil and gas producer OMV Petrom (SNP.RO), controlled by Austrian group OMV, is expected to post a net profit of almost 500 million lei in the second quarter of 2015, up 15% from more

07.23.2015

Romania’s leading oil and gas producer OMV Petrom (SNP.RO), controlled by Austrian group OMV, will build ten mobile gas filling stations which will be located on A1 and A2 highways. more

07.23.2015

The hydrocarbon output of OMV Petrom (SNP.RO) rose 0.5% in annual terms in the second quarter of 2015, to 181,000 boe (barrel of oil equivalent) a day, the company said in a statement Thursday. more

07.14.2015

Romania’s leading oil and gas producer OMV Petrom (SNP.RO) has invested EUR310 million in Gorj county, which became the county with the largest gas production in Petrom’s portfolio. more

07.08.2015

Rainer Seele, the new CEO of Austria’s OMV group, stepped in on Tuesday as president of the Supervisory Council of Romania’s only oil and gas producer Petrom (SNP.RO), replacing Gerhard Roiss. more

06.10.2015

This year will be a drilling year, 2016 will be a year of analysis and a plan on how to proceed in the Black Sea will not be devised any sooner than 2017-2018, says Gabriel Selischi, the Romanian put more

06.01.2015

OMV Petrom, the only oil and natural gas producer in Romania, says it is preparing the data rooms for the 30 onshore fields it announced at the end of last year it wanted to give up. This phase means more

05.29.2015

OMV Petrom, the only oil and gas producer in Romania, and its partner, US ExxonMobil, have reached five exploration wells in the Black Sea, some completed and others in progress. Each such well more

05.28.2015

Romanian lender Banca Comerciala Romana (BCR) will provide cash management and trade finance services to oil and gas company OMV Petrom (SNP.RO) starting this year, the lender said in a statement more

05.21.2015

Romania’s leading oil and gas producer OMV Petrom (SNP.RO) contracted a multi-currency credit line of 1 billion euros from a syndicate of 17 banks, the company said Thursday. more

05.18.2015

Romania’s leading oil and gas company OMV Petrom (SNP.RO) Monday reported a 68% drop in its net profit for the first quarter, as sales were impacted by lower oil prices. more

05.13.2015

OMV Petrom CEO Mariana Gheorghe has been appointed on the supervisory board of Dutch financial group ING, Petrom announced Wednesday. more

05.05.2015

Romania’s largest oil and gas producer, OMV Petrom (SNP.RO), appointed Mihaela Urzica as strategy, corporate development and investor relations director this March. more

04.29.2015

Romania’s largest oil&gas company OMV Petrom (SNP.RO) will pay a gross dividend of 0.112 lei (EUR0.025) per share from 2014 profits, almost three times lower than last year, according to the more

04.21.2015

Romanian oil and natural gas company OMV Petrom (SNP.RO) has started talks with local and international banks to refinance a credit line worth EUR930 million, contracted back in 2011, the company said more

04.06.2015

OMV Petrom (SNP.RO) is preparing to endure a whole year of low oil prices and has budgeted 1.1 billion lei (EUR249 million) in net profit for 2015, 40% lower than in 2014, which in turn was down 60% more

03.31.2015

Litigation with the thousands of employees who left the company, the lower-than-expected results of some investments and the failure of some exploration and production projects were the elements that more

03.26.2015

Mariana Gheorghe, Romania’s most powerful executive, will remain at the helm of Petrom until 2019, after she got another four-year term, the third one after she was appointed in this position in more