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

OMV: German Refinery to be Converted

Because of the failures of Libyan oil imports, the OMV refinery at Burghausen is converted to alternative crudes.

April 19, 2011

BDI – BioEnergy: Management Board Changes

The founders of BDI – BioEnergy International AG, Wilhelm Hammer (64), CEO, and Helmut Gössler (52), CTO, will be leaving the Management Board of the Austrian biotechnology company.

April 16, 2011

Isovoltaic Cancels IPO

The Austrian solar technology company, which should have realized the IPO this week, intends to put effort into its growth without a stock market listing.

April 16, 2011

OMV: No Sale of Stake in Borealis

The Austrian energy group OMV holds 36% of Borealis. IPIC, itself involved in OMV appears to be interested in the OMV share.

April 15, 2011

Verbund: Expected Improvement in Earnings for 2011

Wolfgang Anzengruber, CEO of the Austrian energy group Verbund, foresees growth in earnings and a stable result for 2011

April 14, 2011

EVN Makes € 105m Investment in Croatia

The Croatian subsdiary of the Austrian energy company EVN started construction works on Zadar county gas network.

April 14, 2011

OMV Announces Major Gas Discovery in Australia

OMV has discovered gas on the North West Shelf of Australia in the Zola-1 exploration well. This represents one of the largest gas discoveries by the company.

April 14, 2011

Decline in Sales for Salzburg AG

The Salzburg AG for energy, transport and telecommunications could hold its profits stable despite falling sales.

April 13, 2011

Environmental Technology Industry in the Czech Republic Holds Hopes for Austrian Companies

The neighboring country, despite making progress, continues to lag behind in energy efficiency and environmental technology.

April 9, 2011

Isovoltaic: IPO Fixed

The Austrian component supplier in the solar power industry will be listed at the Vienna Stock Exchange. The subsription period starts by Monday.

April 4, 2011

CEO Roiss: "OMV: an international player with Austrian roots"

The new CEO of OMV plans a strategy review on three main areas: regional focus, portfolio development and future challenges.

April 1, 2011

Ruttenstorfer leaves OMV

The longtime CEO of OMV, Wolfgang Ruttenstorfer will pass on his position to Gerhard Roiss on April 1.

March 31, 2011

Macedonia: Court procedure ELEM – EVN settled

Today ongoing judicial proceedings since 2008 between state-owned ELEM and the Austrian energy company EVN have been terminated by an in court settlement.

March 31, 2011

Difficult Search for a Buyer for OMV Refinery

The Austrian energy group has tried, so far unsuccessfully, to sell a refinery of its Romanian subsidiary Petrom. Now it will be closed down.

March 25, 2011 · Updated: March 26, 2011; 13:13

Petroleum Industry: Only 2659 Gas Stations by End-2010

Due to fierce competition and low margins, there are increasingly fewer gas stations in Austria

March 25, 2011

Isovoltaic Considers IPO in the First Half of 2011

The global market leader in the solar backsheet market considers listing on Vienna Stock Exchange as one possible option during the first half of 2011

March 25, 2011

OMV: Low Production in Libya

Production of the Austrian energy group is likely to amount to only a quarter of the normal level.

March 23, 2011

OMV Fears Destruction of the Libyan Infrastructure

With the military attack on Libya, the fear that Gaddafi could damage oil production facilities of Western corporations in retaliation increases.

March 22, 2011

Bulgaria: EVN Thermal Power Plant Almost Completed

The project of the Lower Austrian energy company EVN in Bulgaria will go into operation still this year.

March 17, 2011

Anzengruber: Austria Should Halve Energy Consumption by 2050

Verbund CEO Wolfgang Anzengruber believes that energy efficiency can be increased significantly. The energy industry needs further investments in order to achieve this.

March 17, 2011

Verbund Plans an Investment for €600m in the U.S.

A new financial and strategic direction seems to be set by the Austrian Verbund group. Electric mobility is to be promoted.

March 16, 2011

Verbund Supervisory Board Appoints Members of the Board

The Austrian energy company appoints Günther Rabensteiner as a new board member. Baumgartner-Gabitzer’s Term renewed.

March 11, 2011

Verbund: Research Alliance with Technology University

The power group intends to expand its know-how in the field of environmental technology through cooperation with the Technical University of Vienna (TU).

March 10, 2011

OMV Continues Receiving Oil Deliveries from Libya

The Austrian oil and gas company is able to obtain deliveries from Libya in spite of the serious political crisis. Production is however limited.

March 8, 2011

Verbund: Massive Decline in Results

As forecast, the Austrian energy company has presented a declining result for fiscal 2010. Operating results fell considerably.

March 3, 2011

EVN Records Rising Revenues

The Austrian energy company announced its results for the first quarter in 2010/11. EVN could benefit from rising electricity costs.

February 26, 2011

Libya: OMV Foresees no Shortages

The CEO of the Austrian OMV considers not to have underestimated the risks in Libya.

February 24, 2011

Strong Growth in Results for OMV

The Austrian energy company OMV records a strong increase in EBIT as well as profitability.

February 24, 2011

OMV Expects Reduction in Oil Production in Libya

The Austrian energy company, which also operates in Libya, cannot eliminate any possibility of a decline in the oil production anymore.

February 23, 2011

Libya: Withdrawal of Austrian Companies

Most Austrian companies are getting their employees out as the result of violent riots in Libya.

February 22, 2011

Southstream: Gazprom-OMV Cooperation

OMV and Russian Gazprom will work together on the construction of the Austrian part of the Southstream pipeline.

February 22, 2011

OMV Observes Riots in Libya and Yemen „thoroughly“

The Austrian oil company OMV is not concerned by the current turmoils in Libya and Yemen. However, OMV watches the incidents permanently.

February 21, 2011

OMV Closes Acquisition of Pioneer’s Subsidiaries in Tunisia

OMV paid $ 800m plus $ 39.3m working capital and remains committed to maintaining a strong investment grade

February 19, 2011

EU Requests Nabucco to Enter a Cooperation

The European Union is pushing a merger between Nabucco and the ITGI pipeline project.

February 18, 2011

Increase in Electricity and Gas Consumption

Austrian electricity consumption rises to the level before the economic crisis. Gas consumption is also showing a new record.

February 16, 2011

Oil Production Declined in Austria

Domestic oil production fell last year by 3.3% to 965,112 tons. Gas production increased however.

February 16, 2011

Australian Mining Company Seeks to Extract Lithium

Europe's largest lithium reserves are considered to be in the Austrian Alps. There is already interest for its extraction in Australia.

February 12, 2011

Market Adjustments at the Gas Stations Business

Doppler, the largest private operator of gas stations in Austria predicts a decline in the gas station network.

February 11, 2011

OMV Capital Increase Likely

Due to massive acquisitions in recent months, the Austrian OMV has to refinance. A capital increase is the most favorable option.

February 9, 2011

Verbund Intends to Grow in Italy and France

The Austrian-Italian joint venture Sorgenia is to expand its commitment to renewable energies in Italy and France.

February 9, 2011

Energie AG Plans Capital Increase

The Upper-Austrian energy company is to raise funds in order to realize further investment projects.

February 7, 2011

Purchase of Petrol Ofisi Lowers OMV´s Results

In its Trading Statement Q4/10, OMV announces extraordinary expenses due to the major purchase of the Turkish Petrol Ofisi amounting to € 170m.

February 5, 2011

OMV Sells OMV Wärme VertriebsgmbH

The buyer is a consortium led by RWA Raiffeisen Ware Austria AG. The Austrian energy company OMV regards its heating oil business as being restructured.

February 5, 2011

Oettinger Increases Pressure on OMV

In an interview with the daily newspaper "Presse", the European Commissioner for Energy considers that OMV must move now regarding Nabucco.

February 4, 2011

Investments in Renewable Energies in the CEE are booming

According to a study by TPA Horwath, Austrian companies will expand massively their involvement in the field of renewable energies in the CEE region.

February 4, 2011

Ruttenstorfer Acquitted

The trial against Ruttenstorfer, CEO of the Austrian oil company OMV took place yesterday. Ruttenstorfer had been charged for insider trading.

January 28, 2011

Hope for Austria's Photovoltaic Industry

The development of alternative energy sources is being pushed by additional funding. EVN is also promoting alternative energies.

January 28, 2011

Verbund: Two Board Posts Vacant

The Austrian energy company advertises two executive board posts.

January 28, 2011

Slow Progress for Nabucco

The negotiations in the Caspian region are "tough", but the political will exists, say sources from the Austrian oil and gas group OMV.

January 26, 2011

Ruttenstorfer Fine Confirmed

The fine imposed to the CEO of Austrian OMV, Wolfgang Ruttenstorfer, for market manipulation, remains standing.

January 22, 2011
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