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.

OMV Petrom, the largest integrated energy producer in Southeastern Europe, has closed the farm-down transaction with NewMed ...

Expro (XPRO) has been awarded major contracts from OMV Petrom, totaling more than $10M for the Neptun Deep gas project in the Black Sea.

The two contracts involve Expro’s subsea landing string, cementing technology, tubular running services, and drilling tools. Neptun Deep is the largest natural gas project in ...

Texas-based oilfield services provider Expro has secured major contracts from OMV Petrom, totaling more than $10 million, for ...

Petrom has estimated oil and gas reserves of 1 billion boe, an annual refining capacity of 8 million metric tons and around 550 filling stations in Romania. Austrian OMV, the leading oil and gas ...