Read the latest headlines about developments in the international energy industry in Vienna and Austria
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Vienna International Energy Industry News

Romania: Planning on Energy Sufficiency by 2018/19

Gas pipeline between Romania and Moldova is set to become operational this year.

August 30, 2013

Romania Claims Compensations for Nabucco

Romania claims EU compensation for abandoned Nabucco project.

August 29, 2013

EVN Records Lower Net Profits

Business development Q. 1–3 2012/13

August 29, 2013

OMV: Discovery of Gas in Pakistan

OMV: Discovery of gas and condensate in the Mehar block, Pakistan.

August 29, 2013

Electricy Thieves Caused Losses for EVN in Bulgaria.

Austrian energy provider EVN lost € 800,000 because of electricity thieves.

August 27, 2013

Slovenia: Decrease of Net Electricity

In the seven months of 2013, Slovenia's total consumption of electricity decreased for less than 1% over the same period one year ago.

August 27, 2013

Bulgaria and Romania to Strenthen Relations

Bulgaria and Romania plan to strengthen relations at bilateral, regional and European level.

August 26, 2013

Ukraine Diversifies Sources of Reverse Gas Supply

Ukraine plans on soon opening two more routes through Romania and Slovakia.

August 22, 2013

Romania: Without Nabucco, Better Chances for Higher Pay-Out for Transgaz

This year's tariffs revisions are better suited to protect the company for the drop in gas consumption, thus RBI sees lower risk of unrealized revenues.

August 20, 2013

Ukraine Remains in a Recession for a Year

In the second quarter of 2013 GDP contracted by 1.1 percent on a year-on-year comparison basis.

August 20, 2013

OMV: Biggest Additional Purchase in Company’s History

OMV invests billions in a participation in the North Sea: The Austrian energy company acquires stakes of Norwegian enterprise Statoil in oil and gas fields in the North Sea for around € 2bn.

August 19, 2013

Ukraine Reduces Imports of Gas by 35 Percent

From January to June 2013, Ukraine was able to reduce gas import by more than 35 percent compared to the same period last year, according to Ukrainian Statistics Service.

August 16, 2013

Czech Republic: New Elections Expected At the End of October

Prime Minister Petr Necas’ resignation leads to new elections soon. The Social Democrats, who want to introduce the Euro, are potential winners.

August 16, 2013

US to Support Ukraine Gain Energy Independence

One of the key priorities of US Ambassador to Ukraine Geoffrey R. Pyatt is the support of Ukraine to gain greater independence in the energy sector.

August 14, 2013

Petrom: New Unit at Petrobrazi Refinery

OMV Petrom commissioned the new gas desulfurization and sulfur recovery unit at Petrobrazi.

August 8, 2013

EVN: Transfer of Shares

EVN carries out and terminates release of own shares to employees.

August 8, 2013

Moody´s Downgrades Austrian Verbund

The rating agency lowers the rating of the Austrian energy group from „A3“ to „Baa1“.

August 2, 2013

Austria: Verbund to Take Austerity Measures

Only a few months ago, CEO of Verbund Wolfgang Anzengruber promised that “2013 will become the best year in the company’s history”. However, there have been bad news for the energy company ever since.

August 1, 2013

Austria: Operative Losses for Verbund

Quarters 1–2/2013: Verbund improves EBITDA and Group result considerably. In total, the water supply, asset swap and impairments have a favourable impact on results.

July 31, 2013

EVN Forced to Lower Electriciy Prices in Bulgaria

Austrian energy provider EVN is ordered by the regulator to drop electricity prices.

July 30, 2013

Czech Republic: US Export-Import Bank Offers Loan for Temelin

The official export credit agency of the United States offers a loan under the condition that Westinghouse wins the tender.

July 30, 2013

Bulgaria to Lower Electricity Prices by August

Bulgaria will lower the price of electricity on August 1st

July 30, 2013

Gazprom Acquires Kirghiz Gas Network

In return for a symbolic purchase price, the Kirghiz natural gas network is taken over completely by Gazprom. The Russian energy giant intends to invest billions of rubel in infrastructure.

July 29, 2013

Czech Republic: CEZ to Postpone Completion of Temelin

Czech energy company CEZ announced that the decision for the finalization of nuclear power plant Temelin will take at least a year longer than planned.

July 25, 2013

Serbia and Bulgaria to Team Up in Energy Policy

Serbia and Bulgaria discuss South Stream, Nis-Sofia gas interconnection and the completion of the section of Corridor 10

July 24, 2013

OMV: Problems in Libya Slow Down Production

The total production of OMV in the second quarter of 2013 has decreased compared to the same period of time in the previous year and the first quarter of the current year.

July 24, 2013

Renewable Energy: Only Decent Growth Rates

2012: Share of eligible renewable energy consumption in Austria increased by 1% .

July 19, 2013

Bulgaria: South Stream Offers 6,000 New Jobs

South Stream Bulgaria´s CEO Georgi Gegov stresses the economic effect of the new gas pipeline from Russia to Western Europe.

July 18, 2013

Russian Economy Shows Insufficient Diversification

The Russian economy is primarily based on commodities, economists at the Moscow Higher School of Economics report. In the medium term, Russia has no growth potential, the experts say.

July 18, 2013

OMV: Major Gas Discovery in Australia

Successful appraisal of the Zola gas discovery offshore Australia.

July 16, 2013

ExxonMobil Signs Agreement with Ukrainian Government

ExxonMobil regards 45bn cubic meters of gas production realistic.

July 15, 2013

Serbia to Invest € 10bn in Energy Sector

Serbia will invest € 10 bn in the development of the energy sector in the next eight years.

July 12, 2013

OMV Petrom Sold Subsidiary

OMV Petrom sold its subsidiary Petrom Distribuţie Gaze SRL.

July 11, 2013

OMV to Shut Down Production in Libya

Statement on OMV’s production in Libya.

July 11, 2013

Russia to Reduce Oil Export

Russia produces more oil which is increasingly used in the country itself. Refineries outside of Russia do not fear immediate bottlenecks in the supply of oil.

July 11, 2013

Austria: EVN Hits Brakes with Expansion of Solar Energy

The fast expansion of solar electricity in the province of Lower Austria is straining the power supply system. EVN is therefore limiting the power supply for some projects. Plant operators are infuriated.

July 11, 2013

Dispute about Ina in Hungary and Croatia Escalates

The Croatian prosecution is once more investigating due to bribe payment to former Prime Minister Sanader. Head of Mol, Hernadi, is faced with a possible detention order.

July 11, 2013

Gazprom Runs Risk Of Losing Leading Position

Currently, only state-controlled energy giant Gazprom is permitted to export gas. Due to cooperations with French Total and Chinese enterprises, Moscow now intends to open the market.

July 9, 2013

Ukraine Looking for Alternative Gas Suppliers

Gas supply from Europe to Ukraine may stimulate pricing of Russian import.

July 8, 2013

OMV Continues Expansion in Norway

OMV has been awarded six additional offshore exploration licenses in Norway, acting as operator for two of them.

July 5, 2013

OMV Petrom Set World Record in Casing Drilling.

OMV Petrom, the largest oil and gas producer in Southeastern Europe, set a world record in the field of casing drilling in terms of diameter of drilling column and depth.

July 5, 2013

Visegrad Four Support Ukraine’s EU Integration

At the V4 summit in Wisla/Poland Slovak President Gasparovic announced yesterday that the V4 countries are interested in Ukraine’s successful European integration, particularly in signing the Assciation Agreement with the EU.

July 4, 2013

Hungarian MOL to Invest $ 38m in Romanian Exploration

Hungarian oil and gas company MOL plans to invest $ 38m in the exploration and production of hydrocarbon resources in Western Romania.

July 3, 2013

Rosneft to Take Over Itera Completely

Russian oil producer Rosneft has taken over gas corporation Itera completely and now wants to compete against energy giant Gazprom.

July 2, 2013

Poland To Enhance Supervision Over State Companies

Around twenty state-controlled enterprises will be watched more closely.

July 2, 2013

Croatia To Issue Licenses for Exploration of Oil and Gas

Croatia plans to issue lucrative concession for the production of oil and gas from 2014 on.

July 2, 2013

TAP to Deliver Greece, Italy and CESEE

Shah Deniz targets Italian and Southeastern European gas markets through Trans Adriatic Pipeline.

July 1, 2013

Nabucco: Flop for OMV and EU

Petrom will resume exploration drilling in offshore Black Sea block.

June 27, 2013

Austria: Harsh Blow for OMV

The pipeline “Nabucco”, a project with Austrian energy enterprise OMV taking the lead, will not receive gas from the gas field Sha Deniz II. This was announced by the mineral oil company on Wednesday.

June 26, 2013

Ukraine Could Become Energy Hub in Europe

According to EU Enlargement Commissioner Füle, Ukraine is an important partner of the EU.

June 26, 2013