Sponsored Content
Vienna International Energy Industry News
Read the latest headlines about developments in the international energy industry in Vienna and Austria
IPIC Intends Further Increase in OMV
The second core shareholder of OMV, the Arab state fund International Petroleum Investment Company, which is situated in Abu Dhabi, plans another rise in its shareholding.
March 8, 2012
„Going to America 2012“: AWO Supports Austrian Business in USA
Foreign Trade Austria (AWO) shows business opportunities in the U.S. to domestic companies.
March 8, 2012
EVN to Delist Bulgaria Units
Austria's EVN AG plans to delist its two units in Bulgaria just two months after the trade with their shares started on the local stock exchange.
March 7, 2012
Moody's Changes Outlook on Verbund's Rating to Negative
The U.S. rating agency Moody's Investors Service has today changed to negative from stable the outlook on the A2 senior unsecured rating of the Austrian energy company Verbund .
March 6, 2012
OMV Gives In: No Fracking in Austria
The Austrian oil and gas company OMV reacts to the citizen´s protests and gives up its natural gas exploration plans in Northern Austria.
March 5, 2012
Voestalpine Awarded Major Contract in the UK
Austrian voestalpine Group has been awarded a major contract for the supply of roughly 20,000 tons of pre-cut heavy-plate shapes for Siemens Wind Power for the London Array offshore wind tower project in the United Kingdom.
March 5, 2012
Nabucco: Costs Could Grow Further
The pipeline consortium Nabucco checks whether the project becomes more expensive than expected. Costs of € 15bn are forecasted.
March 3, 2012
Verbund Reports Mixed Results
The decline in profit by 12% in 2011 is justified with “difficult conditions in the energy market environment and the overall economy”. Sales and operating results were up substantially.
February 29, 2012
Resistance Against „Fracking“ Grows
The oil and gas group OMV plans to exploit shale gas in Northern Austria. Environmental activists claim a prohibition.
February 28, 2012
Verbund: Analysts Expect Mixed Results
Analysts anticipate a rise in earnings and sales at the Austrian energy supplier. EBITDA and profits are expected to decline.
February 28, 2012
Merger of Nabucco-TANAP Discussed
Members of the gas pipeline projects Nabucco and TANAP talk about a merger in Vienna. The Turkish Minister of Energy participates therein.
February 28, 2012
Higher Profits and Revenues at EVN
The Austrian energy provider recorded a slight increase in profits (+1.8%) and revenues (+3.4%). EVN expects stable results in 2012.
February 28, 2012
Decision on Nabucco Again Postponed
The natural gas consortium „Shah Deniz II“ postpones its decision by one year. OMV´s CEO Gerhard Roiss underlines the importance of a pipeline to the Austrian hub Baumgarten.
February 24, 2012
EVN: Rise in Sales, Decline in Profits Expected
The Austrian energy company will publish its results for the first quarter on February 28. Earnings should rise, profits should fall, RCB estimates.
February 24, 2012
Petrom Discovered Deep Water Gas Offshore Romania
The Romanian subsidiary of the Austrian oil and gas group OMV announces a first major success of its exploration works in the Black Sea together with Exxon Mobil.
February 22, 2012
OMV Surpasses Market Expectations
The Austrian oil and gas company today announced its results for the fourth quarter. Dividends will rise to € 1.10 per share. Clean CCS EBIT was up by 29%.
February 22, 2012
OMV: Market Expects Improvement in Results
The Austrian oil company OMV reports its figures for the fourth quarter of 2011 tomorrow. Analysts anticipate a rise in earnings.
February 21, 2012
Nabucco Still Competes For Gas in Azerbaijan
The gas pipeline project, in which the Austrian oil company OMV is engaged, now enters the critical phase.
February 21, 2012
Market for Solar Power Shrinks
The Austrian renewable energy market showed a substantial slump in 2011. Subsidies were cut considerably.
February 20, 2012
Doppler Mineral Oil Announces Record in Sales
The largest independent mineral oil trader in Austria recorded sales of € 886.9m (+19%).
February 16, 2012
Decrease in Austrian Oil and Natural Gas Production
In 2011, production of oil was down by 4.7% to 919,437 tonnes. Natural gas production fell by 6.6%.
February 14, 2012
Massive Increase in Energy Consumption
Austrian power plants are running at full speed. Energy supply was up by 14% last week.
February 11, 2012
Gazprom to Double Natural Gas Reserves in Europe
The Russian natural gas supplier Gazprom intends to improve supply security in Europe. Gas reserves in Austria should be extended too.
February 10, 2012
Shortage in Energy Supply: Austria Helps Germany Out
In Germany, wind power plants record a decrease in energy production. German energy suppliers called for Austrian electricity.
February 9, 2012
Burgenland Holding Improves Results
The subsidiary of the Austrian energy supplier EVN is still in the red.
February 9, 2012
Russian Natural Gas Supply to Normalize
According to the Austrian oil and gas company OMV, gas deliveries from Russia are increasing slightly.
February 8, 2012
Verbund Starts Styrian Power Plant
Austria's cutting-edge-thermal power plant is already supplying electricity and district heating. Investment sum totals € 550m.
February 8, 2012
Oettinger Expects Succesful Contracts Over Gas Deliveries
The EU-Commissioner for Energy, Günther Oettinger, anticipates that Azerbaijan will close contracts over natural gas deliveries within the coming months.
February 8, 2012
Vorarlberg Invests Massively in Renewable Energy
The Austrian province aims for enlarging renewable energy production together with the South-German energy group EnBW. Investments total € 600m.
February 7, 2012
OMV: New Executive Board Member for Gas and Power Segment
Hans-Peter Floren to succeed Executive Board Member Werner Auli . Supervisory Board Chairman Markus Beyrer is “delighted with the highly qualified appointment”.
February 6, 2012
Mitterlehner: „Shortages in Russian Gas Supply Not Dangerous“
For The Austrian Minister of Economics, Reinhold Mitterlehner, the sudden cut in Russian natural gas supply is “no dangerous scenario”.
February 6, 2012
Black Sea: Petrom and Exxon Mobil Found Gas
Romania’s first deepwater well indicates presence of hydrocarbons. The U.S. Exxon Mobil and Petrom, a Romanian subsidiary of Austrian OMV, are searching for natural gas.
February 4, 2012
IPIC May Raise Stake in OMV
IPIC’s request to increase its stake in the Austrian oil and gas company OMV beyond 25% doesn’t require an approval by the Austrian Ministry of Economics.
February 3, 2012
Rising Production at OMV
Due to the resumption of works in Libya, the Austrian oil and gas group announces rising production volumes and slightly improving refining margins.
February 3, 2012
Wind Power in Sahara: New Orders for Siemens Austria
The Austrian subsidiary of the German technology group Siemens achieved its first orders for the construction of wind power plants.
February 2, 2012
Shortened Natural Gas Supply from Russia
The Austrian oil and gas group OMV reports that Russian natural gas exports only reach 70% of its normal level.
February 2, 2012
BDI Receives Major Order from USA
Austrian BioEnergy obtained order for retrofitting a U.S.-based biodiesel plant.
February 2, 2012
Enso Hydro Looking for Hydro Power Plants in SEE
The Austrian hydro power specialist aims for collecting € 70m of Deutsche Bank´s subsidiary DWS. Currently, enso hydro searches for new hydro power projects.
February 1, 2012
OMV: „No Shortage in Natural Gas Supply“
Russian media reported on natural gas supply reductions for Europe. Gazprom denies, OMV refers to large natural gas reserves.
February 1, 2012
Increase in IPIC´s Shareholding at OMV Approved?
Today, the Austrian Ministry of Economics announced to have decided over IPIC´s application. The Arab fund plans to increase its stake at OMV beyond 25%.
January 27, 2012
EVN Acquires Wind Park
The Austrian energy supplier expands its green power portfolio.
January 27, 2012
Bewag Completes Turnaround
After losses in 2010, the Austrian energy supplier could achieve positive results last year.
January 23, 2012
Turkey Emphasizes Support for Nabucco
Besides the Russian South-Stream project, Turkey also shows support for Nabucco, where Austrian OMV is strongly engaged in.
January 21, 2012
RWE Considers Alternative to Nabucco
German RWE shows interest in rival project TANAP and considers getting out of Nabucco.
January 20, 2012
OMV to Sell Petrol Stations in Croatia and Bosnia
The Russian oil company Zarubezhneft is interested in OMV´s Bosnian and Croatian petrol stations.
January 18, 2012
Investments in Wind Power to Increase Substantially
In 2012, the Austrian wind power production will be enlarged by 33%. Investments of € 620m are expected.
January 14, 2012
OMV: Libyan Oil Production at 60% of Pre-War Level
The Austrian OMV produces 19,000 barrels per day in Libya. Production can be improved steadily. A Romanian refinery will be sold to the Romanian state.
January 13, 2012
OMV Starts Downsizing Operations
The Austrian oil and gas company starts to reduce the weighting of the Refining and Marketing (R&M) business segment in the overall portfolio.
January 13, 2012
Central European Gas Hub Sets a New Record in Gas Trading
Trading volume of the Austrian gas hub rose to 40 billion cubic metres in 2011. This is an increase by 15% compared to the previous year.
January 13, 2012
OMV Condemned by Antitrust Authorities
Petrom, a subsidiary of the Austrian oil and gas company has to pay a € 85.2m fine in Romania.
January 11, 2012
Fast News Search
This category only
