The club was declared bankrupt in 2008 and was re-founded as CSM Moinești.

CSM is currently playing in the Liga IV and never played higher than Liga II, second tier of the Romanian football league system.

Renamed as Energia Moinești, the club played for the first time in Divizia C in the 1956 season finishing eighth in Series I.

The oilmen finished the 1958–59 season on fourth place, but Divizia C ceased operations in 1959 and Petrolul resumed playing in the regional league before returning to Divizia C in 1963.

Led by Emil Vlăduț, Petrolul Moinești won the Series I of the 2002–03 Divizia C season, with three points in front of the main contenders FC Vaslui and Laminorul Roman, gaining immediate promotion back to second division.