OMV PETROM
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OMV Petrom Posts First Annual Loss Since Privatization
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,...
OMV Petrom Considers Restructuring Plan
The oil price slump is forcing oil and natural gas producer OMV Petrom (SNP.RO) to consider restructuring, a step that will affect both projects and the number of employees, in order to navi...
Cheap Oil Could Drive OMV Petrom Into The Red For First Time Since Privatization
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 v...
OMV Petrom Hydrocarbon Output Down 3.3% In 4Q/2015
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 qu...
Dacia Is Heading Towards RON20B Revenue
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 ye...
Several Franklin Templeton Funds Sold OMV Petrom Shares Of Nearly RON20M
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 wo...
OMV Petrom Hydrocarbon Output Down 2.2% In 3Q/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 se...
OMV Petrom Auctions Drilling Contract
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.
OMV Petrom Shareholders OK Secondary Listing In London
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 sai...