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

Russian Rosatom May Build Nuclear Power Plant in Bohunice

Because of the completion of the Czech nuclear power plants, the Czech energy company CEZ is expected to withdraw from the construction project.

January 19, 2013

Serbia: Dinkic Underlines Importance of South Stream Pipeline

The South Stream pipeline is a “national project” and of vital interest for Serbia, Minister of Economics Mladjan Dinkic says.

January 19, 2013

Czech Republic Decides to Enlarge Temelin Power Plant

Today, the Czech Ministry of Environment has approved the enlargement of the nuclear power plant in southern Bohemia.

January 18, 2013

Croatia Finds Compromise with Gazprom

Croatia will be connected with the South Stream pipeline. The construction costs will total € 60m.

January 17, 2013

Shah Deniz Consortium to Enter Nabucco Project

Today, the Nabucco´s shareholders and the Shah Deniz Consortium agreed on a joint declaration.

January 10, 2013

New Hope for Nabucco

The gas pipeline project is said to get a new major shareholder. In case of the entry of the Shah Deniz II consortium, Nabucco´s utilization would be secured.

December 22, 2012

Petrom: Major Gas Deal Signed

OMV Petrom exploring shallow water sector of Neptun block in the Black Sea.

December 22, 2012

Verbund Posts Managing Board Positions

The Austrian energy group is looking for new management board members in the period from 2014 to 2018.

December 18, 2012

EVN to Enlarge Renewable Energy Production and Expand into Russia

The Vienna-listed energy producer wants to change its energy production portfolio. The hydro power, wind power and solar power production will be enlarged.

December 17, 2012

EVN Posts Mixed Results

The Austrian energy company records an increase in revenues. EBIT fell by 7.0%, net profits grow slightly. Outlook 2012/13: Group net profit is expected to be on the prior-year level.

December 13, 2012

South Stream: No Pipelines to Austria

Austria will not be connected to the Russian pipeline project. Neither OMV nor Gazprom make a comment.

December 12, 2012

OMV and RWE Talk About Stakes in Nabucco

The German energy group plans sells its shares to Austrian OMV. OMV´s CEO Roiss expects that the consortium of Nabucco will change.

December 8, 2012

Russia Starts South Stream Pipeline

Today, the Russian gas group Gazprom has officially begun the construction works of the pipeline project.

December 7, 2012

Bulgaria Puts Pressure on Nabucco

Bulgaria wants the Nabucco project to start as soon as possible.

December 5, 2012

Energie Steiermark and Verbund Simplify Shareholding Structure

Verbund sells STEWEAG-STEG shares to Energie Steiermark and is buying Energie Steiermark’s shares in Verbund Thermal Power.

December 5, 2012

Verbund Focuses on Hydro Power

After the deal with German E.ON, the biggest Austrian energy company has a new core market and a new core product.

December 4, 2012

RWE Leaves Nabucco

The German energy group sells its shares to Austrian OMV.

December 3, 2012

Verbund Sells Enerjisa to E.ON

Verbund, Austria’s leading utility, and E.ON, one of the world’s largest energy providers, have reached an agreement on an asset swap.

December 3, 2012

OMV Focuses on Black Sea and North Sea

By 2020, the Austrian oil and gas group will ship natural gas from the Black Sea to Austria. Investments in the North Sea region are being fostered.

November 24, 2012

Verbund Leaves Turkey

The Austrian energy group sells its interest in Enerjisa to German E.ON. Verbund will re-focus on hydro power.

November 23, 2012

OMV to Expand Production

Until 2016, the Austrian gas and oil group intends to enhance the daily production up to 350,000 barrels.

November 22, 2012

OMV Underlines Necessity of Shale Gas Production

The Austrian oil and gas group stresses that shale gas may reduce the dependency on Russian natural gas.

November 20, 2012

South Stream Pipeline: Construction Works to Begin in December

The pipeline projects of Russia´s gas group Gazprom makes substantial progress. Europe´s dependence on Russia is growing further.

November 12, 2012

Czech Republic to Enlarge Nuclear Energy Production

Until 2014, the Czech Republic wants to double the share of nuclear energy production. The Temelin and Dukovany nuclear power plants will be enlarged.

November 9, 2012

OMV: Good Performance Expected

The Austrian oil and gas group will publish the results for the first nine months tomorrow.

November 6, 2012

Croatia Does not Participate in South Stream Pipeline

The Russian gas pipeline South Stream will not run across Croatia. Initially, Croatia was viewed as transit country.

November 5, 2012

South Stream Pipeline: Gazprom Concludes Contract with Hungary

The Russian energy group Gazprom has negotiated the last conditions of the contract with Serbia and Hungary.

November 2, 2012

Verbund: Better Results, Outlook Raised

In the first three quarters of 2012, the Austrian electricity company recorded an increase in revenues and net income.

October 24, 2012

Siemens Austria Builds Wind Power Plant in Turkey

The Austrian subsidiary of the German technology group has received a major order from Turkey.

October 20, 2012

OMV Announces Production Growth

Due to recovery of production in Yemen, OMV´s oil output was up substantially.

October 19, 2012

OMV Signs Major Oil Acquisition in Norway

“A further important move to establish Norway as core country in OMV’s Exploration and Production portfolio”: The Austrian oil group acquires a 20% stake in the Edvard Grieg oil field development from RWE.

October 16, 2012

Verbund Does Not Exclude Sale of Enerjisa

The Austrian energy company Verbund is said to withdraw from Turkey. However, further investments would be conceivable too, Verbund says.

October 12, 2012

Verbund Sells € 70m Asset

Austria’s biggest electricity producer is focussing on majority interests with emphasis on hydropower.

October 11, 2012

„Nabucco Is not Dead at All“

The EU-Commissioner of Energy Günther Oettinger is optimistic that Nabucco will be successful. According to Austria´s Minister of Economics Reinhold Mitterlehner, the prospects of success are “50+”.

October 9, 2012

Anzengruber: „Withdrawal from Turkey is no Issue Yet“

Wolfgang Anzengruber, CEO of the Austrian energy company Verbund, emphasizes that Turkey is a future market.

September 27, 2012

OMV Considers Joining Tanap

The Austrian oil and gas company intends to invest up to $ 7.0bn in the Turkish-Azeri project.

September 25, 2012

EVN´s Subsidiaries to Delist

EVN: Delisting of EVN's two Bulgarian subsidiaries from the Bulgarian Stock Exchange.

September 24, 2012

Total, OMV and Repsol pay € 48m for Test Drillings in Bulgaria´s Black Sea

Bulgaria wants to reduce its dependence on Russian energy. The consortium has paid € 48m to Bulgaria.

September 22, 2012

Verbund in Turkey: Further Investments Instead of Withdrawal

In August, Verbund was said to sell its stake in Enerjisa to German eon. Now, Verbund may enlarge its investments in Turkey further.

September 19, 2012

OMV Issues Eurobonds Worth € 1.5bn

OMV raises € 1.5bn in long-dated Eurobonds and announces tender offers for its 2014 Eurobond as well as its 2014 and 2016 Schuldschein loan notes to further extend its debt maturity profile.

September 19, 2012

EVN and Verbund Open the Ashta Hydropower Plant in Albania

The project company “Energji Ashta“ and its owners EVN and Verbund are opening the first section of the Ashta hydropower plant (Ashta I) on the Drin River in Northern Albania.

September 18, 2012

OMV Gives Up Fracking Plans

The Austrian oil and gas company announced that there will be no shale gas production in Austria.

September 17, 2012

Kuwait Petroleum Interested in Croatian and Bosnian OMV Stations

OMV sells 91 petrol stations in Croatia and Bosnia. After the Croatian INA has announced to have submitted a binding offer, Kwait Petroleum shows interest.

September 14, 2012

OMV Sells 15% Stake in CEGH to Slovak Eurstream

The Austrian oil company reduced its share in Central European Gas Hub from 80% to 65%.

September 14, 2012

INA Underlines Interest in OMV´s Petrol Stations

The Croatian oil group wants to take over the petrol station business of Austrian OMV in Croatia and Bosnia.

September 12, 2012

RWE Agrees to Strategic Collaboration with Serbian Energy Utility EPS

The German energy group has signed a Memorandum of Understanding on further development of energy generation in Serbia. The focus will be on laid on hydropower.

September 11, 2012

Verbund Commissions 100 MW Wind Farm in Romania

The Austrian energy group´s 100 MW wind farm of Casimcea I, close to the Romanian Black Sea Coast, joins the grid.

September 11, 2012

Germany to Depend on Austria´s Electricity “for the next 50 years“

After Germany´s nuclear exit, the German energy production faces new challenges, Michael Fuchs at the biggest German power grid operator Tennet thinks that Austria and Germany have a symbiotic relationship.

September 8, 2012

Verbund is Said to Sell Stake in Turkish Enerjisa

According to “Kleine Zeitung”, the Austrian energy group Verbund wants to withdraw from Turkey. German eon may purchase Verbund´s stake.

September 6, 2012

Croatian INA Submits Offer to OMV

Austrian OMV sells its petrol station business in Croatia and Bosnia. The Croatian subsidiary of Hungarian MOL has submitted a binding offer.

September 5, 2012