03.27.2013

Oil companies OMV Petrom (SNP.RO) and Expert Petroleum have rented a 750-square meter office space in City Business Centre (CBC) Timisoara, western Romania. more

03.22.2013

Romanian oil company OMV Petrom (SNP.RO), owned by Austria’s OMV, expects sales revenues of 17.21 billion lei (EUR3.89 billion) in 2013, down 10% from RON19.12 billion last year, and net profit of more

03.21.2013

Romanian oil company OMV Petrom (SNP.RO) Thursday proposed paying out its shareholders a gross dividend of 0.028 lei (EUR0.0063) a share from the 2012 record profit, 9.6% lower on the year. more

03.21.2013

Romanian oil company OMV Petrom (SNP.RO) said Thursday it appointed Gabriel Selischi as member of the Executive Board, in charge of exploration and production activities, starting September 1, 2013. more

03.15.2013

Grup Servicii Petroliere, an offshore drilling company part of the Upetrom group of businessman Gabriel Comanescu, is bidding in what could be the tender of the year to get a contract with ExxonMobil more

03.07.2013

Romanian oil company OMV Petrom (SNP.RO) wants to set up a remuneration committee and make public the remuneration of the members of the Executive and Supervisory boards, Sorana Baciu, more

02.27.2013

Romania needs very large investments in the energy sector, which still has huge potential, said Mariana Gheorghe, chief executive officer of OMV Petrom (SNP.RO), the country’s largest oil and gas more

02.22.2013

Romania’s Economy Minister Varujan Vosganian on Friday said OMV Petrom (SNP.RO) will not dismantle its Arpechim refinery, as announced Thursday, and it will be at the Government's "disposal" as long more

02.22.2013

Romania’s leading oil group OMV Petrom (SNP.RO) and Spanish peer Repsol have reached an agreement for the joint exploration of four onshore blocks in the southern and eastern Carpathian Mountains in more

02.21.2013

Romania’s tax system should advantage both the state and the country’s top oil company OMV Petrom (SNP.RO) and 2013 will be the "year of dialog" on the issue with competent authorities, Petrom's more

02.21.2013

Romanian oil and gas group OMV Petrom (SNP.RO) Thursday said it will dismantle its unprofitable Arpechim refinery unless it can find a suitable buyer. more

02.21.2013

Romanian top oil company OMV Petrom (SNP.RO) has planned a one-month shutdown of its Brazi thermal power plant in the second quarter to install a gas treatment unit, the company’s chief said more

02.21.2013

Romania’s top oil company OMV Petrom (SNP.RO) is planning to increase salaries for its employees to reflect the good results of the company, Chief Executive Officer Mariana Gheorghe said Thursday. more

02.21.2013

Austria’s oil group OMV (OMV.VI) Thursday said its Romanian arm OMV Petrom (SNP.RO) contributed EUR1.27 million to the group’s 2012 earnings before interest and tax, or EBIT, up 9% on the year. more

02.21.2013

Romania’s biggest oil and gas company OMV Petrom (SNP.RO) Thursday announced full-year investment of EUR1 billion for 2013, similar to last year’s figure. more

02.21.2013

Romanian leading oil company OMV Petrom (SNP.RO) Thursday said its net profit rose 5% to a record 3.946 billion lei (EUR901 million) in 2012, fueled by higher crude oil prices and lower production more

02.13.2013

Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Wednesday signed an agreement with state-run natural gas producer Romgaz to potentially reassign a 10% share more

02.01.2013

Romanian leading oil company OMV Petrom (SNP.RO) reported a 56.3% increase in natural gas and power sales volumes to 14.44 terawatt-hours in the last three months of 2012 compared with a quarter more

01.29.2013

The analysts of Austrian group Erste Bank (EBS) have changed their opinion on the shares of oil company OMV Petrom (SNP.RO) after the Government announced it would levy tax on the additional profits more

01.17.2013

The shares of Romanian oil-company OMV Petrom (SNP.RO) have returned to the spotlight after several major transactions have been sealed, in which significant stakes were transferred as cash started to more

01.08.2013

Romania’s liquefied petroleum gas Petrom LPG, bought by Crimbo Gas International from the country's largest oil company OMV Petrom (SNP.RO), changed its name into Gaspeco L&D. more

12.28.2012

Expert Petroleum will provide Romania's leading oil and gas group OMV Petrom (SNP.RO) services for production enhancement in the western Timis county, following a deal priced at 1.39 billion lei more

12.28.2012

Prospectiuni (PRSN.RO), the geological prospecting company owned by Romanian businessman Ovidiu Tender, has won a EUR79.8 million contract for 2D and 3D onshore prospecting works for OMV Petrom more

12.21.2012

Romania’s leading oil and gas group OMV Petrom (SNP.RO) has signed a 15-year agreement with Expert Petroleum for production enhancement services on 13 small mature oil and gas fields located in the more

12.17.2012

Romania’s dominant oil and gas group OMV Petrom (SNP.RO) has started its first 3-D seismic campaign in the shallow water sector of Neptun block in the Black Sea, the company said in a statement more