Romanian oil and gas group OMV Petrom reported a 57% slump in fourth-quarter adjusted operating profit on Tuesday, citing weaker commodity prices and the impact of gas and power regulations.

Despite significant declines in operating results, OMV Petrom SA (BSE:SNP) focuses on renewable energy expansion and shareholder returns.

Amsterdam-based DRI, a renewables subsidiary of Ukraine’s DTEK, has signed a PPA with Romanian energy producer OMV Petrom in Romania. Under the terms of the agreement, OMV Petrom will purchase ...

Romania's OMV Petrom is on track to later this year start development drilling at the Neptun Deep offshore project in the Black Sea as the operator pursues first gas from the 'game-changing' asset ...