Vienna International Energy Industry News
Read the latest headlines about developments in the international energy industry in Vienna and Austria
Wind Power is an Important Economic Factor in Austria
The entire wind industry, including supply and service companies, offers jobs for approximately 3,300 employees in Austria and generated sales for € 470m in 2009.
April 28, 2011
OMV Starts Operations in Tunisia
El-Badr-5 is the first OMV operated production well to go into operation with a production of 1,500 boe/d. Durra production concession has been granted. Both assets were part of the Pioneer portfolio acquired earlier this year.
April 27, 2011
EVN-Subsidiary Records Substantial Rise in Profits
The Rohöl-Aufsuchungs AG (RAG) shows a 23.1% increase in sales. Profits were up by 60%.
April 27, 2011
OMV: No Increase in Share on Petrom
The Austrian energy company OMV will not participate in OMV Petrom secondary public offering.
April 27, 2011
Windtner Pleads for expansion of Electricity Grids
The CEO of Energie AG considers that an energy revolution is about to happen in an interview with the newspaper "Kurier". The relevance of electric vehicles is expected to grow slowly but steadily.
April 26, 2011
Solid Delivers Solar Technology to the U.S.
The Styrian solar technology company has succeeded in winning three major orders from Arizona. Public buildings are to be supplied with solar energy.
April 23, 2011
Energy Prices for Households still on the Rise
Especially mineral oil product prices rose steadily in the first quarter of 2011. Electricity prices remained stable.
April 23, 2011
Texas Offers Opportunities for Austria's Energy Industry
Texas imports goods for US$ 614m from Austria. There are prospects for growth in wind and solar energy above all other areas.
April 22, 2011
Fierce Criticism of Austria's Energy Policy
Anschober (Greens): "The Minister of Economy insists on the worst promotion policy of green electricity in Europe: this is hostile to the business and labor market"
April 21, 2011
Verbund Subsidiary Sorgenia Managed Turnaround
The Austrian-Italian joint venture Sorgenia reported a profit of € 6.8m for the first quarter 2011.
April 20, 2011
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
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