07.21.2014

ExxonMobil Exploration and Production Romania, part of U.S. oil group ExxonMobil, and OMV Petrom, part of Austria's OMV, start deep-water drilling at the Domino-2 well in the Neptun Black Sea block, more

07.16.2014

Romania’s largest oil and gas company OMV Petrom (SNP.RO) Wednesday said the Marina 1 exploration well identified a new oil reservoir on the continental shelf of the Black Sea. more

06.30.2014

Romania’s leading oil and gas company OMV Petrom (SNP.RO) started the implementation of a new business system in its gas stations network, aiming to diversify its range of products and services such more

06.05.2014

The Black Sea depths have ‘swallowed’ more than $1.3 billion since the beginning of exploration works carried out by ExxonMobil in partnership with Romania’s largest company OMV Petrom (SNP.RO) more

06.04.2014

Romania’s natural gas transmission system operator Transgaz Medias (TGN.RO) must upgrade its pipeline network to be able to carry the gas extracted from the Black Sea blocks, OMV Petrom chief more

05.30.2014

Romanian dominant oil company OMV Petrom (SNP.RO), US-based oil giant ExxonMobil and state-run natural gas pipeline operator Transgaz Medias (TGN.RO) signed last week an agreement according to which more

05.27.2014

The European Bank for Reconstruction and Development is considering a syndicated loan of up to $200 million to Kazakh Kom Munai LLP, a subsidiary of Romania’s leading oil and gas company OMV Petrom more

05.21.2014

Romania’s leading oil company OMV Petrom (SNP.RO) plans to award drilling contracts worth between EUR13 million and EUR205.5 million at an auction scheduled for July 15. more

05.13.2014

OMV Petrom (SNP.RO), Romania’s largest corporation, expects its power business to generate a loss in 2014, while the demand for natural gas will further decrease, the company said in its more

05.13.2014

Romania’s largest oil and gas company OMV Petrom (SNP.RO) Tuesday said its first-quarter net profit fell 19% on the year to 1.07 billion lei (EUR241.5 million), due to higher fiscal burdens and more

05.13.2014

Automobile Dacia posted 18.4 billion lei (EUR4.15 billion) revenue in 2013, an increase of 45% on 2012 and the best result ever for the automaker in Mioveni, southern Romania, which saw a record more

05.08.2014

Petrom, Romania’s only oil and gas producer, is set to step up exploration activities on the medium and long term after the company has focused, since privatization, on deposits already under more

05.02.2014

OMV Petrom (SNP.RO), the largest oil and natural gas producer in Romania, is selling about 70 pieces of property, such as land, apartments, corporate buildings, a sports center and a public swimming more

04.29.2014

Romania’s leading oil and gas company OMV Petrom (SNP.RO) approved a dividend payment of 1.745 billion lei (EUR393 million) from the 2013 net profit, 10% higher on the year, the company said in a more

04.29.2014

A sale of a significant stake in OMV Petrom (SNP.RO) by Fondul Proprietatea (FP.RO) is in its early stages and will not happen any time soon, according to Franklin Templeton, the manager of the fund. more

04.23.2014

Romanian leading oil and gas company OMV Petrom (SNP.RO) reported 18% lower gas sales volumes to 13.47 terawatts per hour in the first quarter of 2014, mostly due to a milder winter and weaker demand more

04.15.2014

OMV Petrom (SNP.RO), the largest company in Romania ended the five years of crisis, 2009-2013, with an all-time high profit of more than EUR1 billion. The profit was 5.5 times higher than in 2009, the more

04.15.2014

Romania's government via the Finance Ministry will get more than 1.57 billion lei (EUR351 million) in dividends from listed companies this year, more than one third of the total dividends paid by the more

04.11.2014

Havi Logistics, a major player on the Romanian logistics market after signing a contract with OMV Petrom Marketing in 2012, last year went beyond the 500 million lei mark (EUR113 million) in sales, more

04.02.2014

Romania’s largest oil company OMV Petrom (SNP.RO) has completed an investment of around EUR18 million in upgrading its fuel terminal in the northeastern city of Bacau, the company said Wednesday. more

03.27.2014

Romanian dominant oil company OMV Petrom (SNP.RO) expects its net profit will fall 18.6% to 3.93 billion lei (EUR878 million) in 2014, hurt by lower sales, the company said in its revenue and more

03.26.2014

Romania’s leading oil and gas company OMV Petrom (SNP.RO) will transfer part of its support services to a newly established service center which will provide support services to both Petrom and more

03.25.2014

Romania's largest oil and gas group OMV Petrom (SNP.RO) plans to pay out its shareholders total dividends worth RON1.74 billion, up 10% on the year, representing 36% of its record profit of RON4.82 more

03.11.2014

OMV Petrom (SNP.RO) might pay the highest dividends ever in 2014 after posting record net profit last year, 4.82 billion lei (EUR1.07 billion). more

03.06.2014

Investment fund Fondul Proprietatea (FP.RO) is considering the sale of a minimum 4% stake in Romania's largest oil and gas group OMV Petrom (SNP.RO), evaluated at around 997 million lei (EUR221 more