Operator OMV Petrom says the Neptun Deep development is on schedule, as it details its importance to the company and the host ...

The Bucharest Court of Appeal rejected on January 29 the request filed by Greenpeace on the environmental permit for the Neptun Deep offshore gas project developed by state-owned Romgaz (BVB: SNG) and ...

Romanian oil and gas group OMV Petrom reported a 57% slump in fourth-quarter adjusted operating profit on Tuesday, citing ...

The company, majority-owned by Austria's OMV, faced lower oil prices, reduced sales volumes, and declining refining and sales margins.

Romanian oil and gas company OMV Petrom has reported a 57% decline in its fourth-quarter adjusted operating profit, attributed to regulatory impacts on gas and power, and weaker commodity prices.

The Bucharest-listed company posted an adjusted operating profit of 955 million lei ($197.61 million), down from 2.24 billion ...