Energy
Petrom Cut Staff By 7% In 2011, To 22,912 Employees
Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said that its employee numbers dropped by 7% last year, to 22,912, reaching less than half of staff numbers seen in 2004, when the...
Petrom Sees RON404M Hedging Loss In 2011
Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said it recorded a loss of 404 million lei (EUR95.3 million) from hedging in 2011, compared to just RON6 million in the previous y...
OMV Petrom To Pay Dividend On Record 2011 Profit
Romanian oil company OMV Petrom (SNP.RO) on Wednesday announced it plans to pay dividend from the record profit achieved in 2011, while the investment budget for 2012 reaches over EUR1 billi...
OMV Petrom Reports 1% Rise In 2011 Hydrocarbon Production, To 67.77 Million Boe
Oil company OMV Petrom (SNP.RO) on Wednesday reported that hydrocarbon production for 2012 rose 1% on the year, to 67.77 million barrels of oil equivalent (boe), due to the drilling of new w...
OMV Petrom 2011 Net Profit Jumps 72% To RON3.76B
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit rose 72% to a record 3.76 billion lei (EUR887 million) in 2011, fueled by higher crude oil prices and lower cos...
ANRE’s Website Attacked By Hackers
The website of Romanian energy regulator ANRE has been attacked Tuesday by a hacking group which calls itself Anonymous Romania.
Rogue Eolica Manager Sacked For Suing Romanian Regulators
Swiss Eolica Dobrogea on Tuesday announced it will replace administrator Corneliu Dica and there will be no lawsuits against energy regulator ANRE and power grid operator Transelectrica (TEL...
Eximbank To Issue Guarantees Of EUR62M For Thermal Power Producer Craiova's Loans
Romanian state-owned thermal power producer Craiova will receive guarantees worth a total EUR62.4 million from Eximbank, in the form of guarantee letters, for two loans needed for environmen...
OMV Petrom Allots RON5M For Emergency Equipment
Romanian oil company OMV Petrom (SNP.RO) on Tuesday announced it will give local authorities 5 million lei (EUR1.2 million) to buy emergency machinery and equipment.