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Key move. OMV Petrom replaces Mariana Gheorghe as CEO after a decade

Oil & Gas January 09, 2018 17:23 0 comments

Austrian oil major OMV Petrom has appointed a new CEO, following a meeting of the Supervisory Board held on Tuesday. Mariana Gheorghe will step down after more than a decade at the helm of the…more »

omv petrom

OMV Petrom finishes construction works for two stations of gas refinement worth over EUR 130 mln

Oil & Gas December 19, 2017 16:23 0 comments

OMV Petrom finished the construction works for two new stations of gas refinement near important production areas, following investments of over EUR 130 million starting 2013, according to the company. Through the two units are…more »

oil prices

Vodafone Romania and OMV Petrom complete trial of NB-IoT technology

Oil & Gas November 29, 2017 11:29 0 comments

Oil major OMV Petrom and telecom player Vodafone Romania have completed the first national trial for using the standardized NarrowBand-Internet of Things (NB-IoT) technology in the oil and gas sector. The technology was tested on…more »

Competition Council

Competition Council analyses the takeover of aviation fuel contracts of Eurospeed by OMV Petrom

Legal November 28, 2017 15:02 0 comments

The Competition Council analyses the takeover of aviation fuel contracts of Eurospeed by OMV Petrom, according to a release of the Competition Council. The Eurospeed’ contracts were closed with certain airlines and categories of beneficiaries…more »

MP Iulian Iancu: OMV Petrom officials will be asked about “market manipulation, artificial hike of prices”

Legal October 18, 2017 08:58 0 comments

Social-democrat MP Iulian Iancu, who is the head of industry and services committee in Parliament, says that officials of Austrian oil major OMV Petrom will be invited to hearings as part of an investigation into…more »

Fondul Proprietatea

Fondul Proprietatea gets close to RON 400 mln from 2.5 pct stake sale in OMV Petrom

Stock Exchange September 21, 2017 13:08 0 comments

Fondul Proprietatea got close to RON 400 million from selling a 2.5 percent stake in Austrian oil major OMV Petrom. “As the shares price was established at RON 0.2750/share, the gross revenues from the transaction…more »

omv petrom

Fondul Proprietatea sells 2.5 pct stake in OMV Petrom

News September 20, 2017 12:01 0 comments

Fondul Proprietatea sells 2.5 percent stake from OMV Petrom at current market prices of RON 425.57 million (EUR 92.32 million). The operation will be launched immediately. The offer will targets institutional investors and is brokered…more »

OMV Petrom to invest EUR 70 mln in Black Sea drilling campaign

Oil & Gas September 18, 2017 14:47 0 comments

Austrian oil major OMV Petrom has kicked of a new drilling campaign in the Black Sea, which will require investments of EUR 70 million by mid-2018. Three new drills will target deposits that were already…more »

"wind farm"

Competition Council analyzes Dorobantu windafarm takeover by Transeastern Power BV

News September 12, 2017 11:39 0 comments

Romania's Competition Council says that it analyzes the transaction through which the windmill park Dorobantu of 45 MW administered by OMV Petrom will be taken over by Transeastern Power BV. “According to the laws of…more »

OMV Petrom posts a net profit of RON 1.2 bln in H1

Oil & Gas August 10, 2017 12:26 0 comments

The oil company OMV Petrom posted a net profit of RON 1.2 billion in the first semester of the year, which is 199 percent higher than the one from the similar period of 2016, due…more »