Read the latest headlines about developments in the international oil and gas industry in Vienna and Austria
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Austria International Oil and Gas Industry News

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

OMV Starts Seismic Acquisition in Bulgaria

OMV and partners start seismic acquisition activities offshore Bulgaria.

June 25, 2013

US: Active Investor in Romania

US companies remained active investors in Romania last year. Particulary the IT sector, automotive industry and oil/gas sector are increasingly strengthening their local position. Foreign direct investments from the US came at more than $ 1bn.

June 24, 2013

Rosneft to Supply China Over 25 Years

Russia’s Rosneft agreed to double oil supplies to China, in a deal worth $ 270bn.

June 24, 2013

Russia: Putin Changes Personnel at Ministry of Economics

In the light of the menancing recession, Russian president Vladimir Putin has reorganized the leaders of economic policy-makers.

June 24, 2013

OMV Signs Deal with ADNOC

OMV signs upstream exploration agreement with the Abu Dhabi National Oil Company.

June 24, 2013

Russia to Improve Relations to China

Russia turns its back on Europe and starts focusing on Asia instead in regard to oil export.

June 21, 2013

Eder Appeals for Reindustrialization in Europe

In an interview with Austrian daily „Kurier“, Wolfgang Eder, CEO of Austrian steel producer voestalpine talks about the future of the European steel industry and the differences to the US energy policy.

June 20, 2013

Verbund to Write Off Gas Power Plants

During an analyst’s conference in London and after the closing of the stock exchange, energy company Verbund announced dampened earning prospects.

June 13, 2013

Gazprom Withdraws from Greek Privatization Offer

The months of courtship were in vain. The Russian enterprises Gazprom and Sintez allowed the period prescribed for the privatization of Greek gas company Depa to expire.

June 12, 2013

Macedonia to Join South Stream Pipeline Project

Contracts will be signed next week in St. Peterburg.

June 12, 2013

Bulgaria: Protests Against Shale Gas Exploration

Protests will make it problematic for the new Bulgarian government to lift the moratorium on shale gas exploration.

June 10, 2013

Turkey: Erdogan Demands Peaceful End Of Protests

After his return from Northern Africa, Turkish Prime Minister Recep Tayyip Erdogan has demanded an immediate stop of protests in his country. Many Russian investors are supposed to have drawn their assets from Turkey.

June 8, 2013

Croatia: OMV Closed Sale

OMV concluded the sale of 62 gas stations in Croatia.

June 4, 2013

Russia: Gazprom Looking for Alternative Markets

After 40 years of a surge in revenues, Russian energy giant Gazprom has to face turbulent times in Europe.

June 3, 2013

Rosneft to Take Over Itera

According to a newspaper report, Rosneft intends to take over Russia’s second biggest gas supplier Itera for around € 2.3bn.

May 28, 2013

Czech Republic: Russia to Offer Significant Investments in Return for Temelin Tender

Czech Prime Minister Necas emphasized on the transparency of the decision.

May 28, 2013

OMV to Sell Nabucco Shares

OMV sells part of Nabucco West shares to GDF SUEZ.

May 28, 2013

Romania to Enhance Shale Gas Production

Romania has announced to soon launch further tenders to increase the exploration of shale gas.

May 27, 2013

Serbia to Receive Russian Support in South Stream Project

Russia to provide € 1.7bn for construction of South Stream gas pipeline project in Serbia.

May 27, 2013

Poland: Dispute Over Shale Gas Law

Polish Finance Minister Jacek Rostowski has criticized the Environment Ministry for the planned national participation in the production of shale gas.

May 24, 2013

Poland: Hold on Tax to Attract Investors

Hydrocarbons tax on hold till 2020 to enhance investments in shale gas.

May 23, 2013

Bulgaria to Table Bill of Amendments in Energy Sector

New regulations will be drafted when caretaker government leaves office.

May 23, 2013

Joint Nabucco-Declaration Signed by Governments

Austria, Hungary, Romania, Bulgaria, Turkey adopt Nabucco joint declaration.

May 22, 2013

Petrom to Invest in Oil Field Redevelopment

OMV Petrom invests € 90m for the Oprisenesti oil field redevelopment.

May 21, 2013

Croatia‘s and Hungary‘s Fight About Oil Company Ina

The dispute between core shareholders of Croatian oil producer Ina has started anew.

May 17, 2013

Three Major Energy Companies to Withdraw from Poland

After ExxonMobil two other huge energy enterprises left Poland after unsucessfully drilling for shale gas.

May 16, 2013

Voestalpine Hopes for Participation in South Stream Project

CEO Eder announced the Austrian Steel Manufacturer was leading “intensive” talks with Russian energy company Gazprom.

May 16, 2013

Ukraine and Poland Could Be Future Leaders in Shale Gas Production

Management consultant enterprise A. T. Kearney regards Poland and Ukraine as the future European leaders in the productin of shale gas.

May 15, 2013

Prolongation of Nabucco Exemption Confirmed

National Regulators Confirm Prolongation of Nabucco Exemption

May 14, 2013

Romania Seeks Energy Independence

The Black Sea has huge deposits in gas which Romania wants to use to achieve energy autonomy.

May 8, 2013

Gazpromneft-Aero Signed Major Contract With Turkish Airlines

Gazpromneft-Aero signed a long-term contract with the Turkish airline transport company to refuel all flights.

May 8, 2013

OMV: Investments in Austria to Increase to € 450m

With extra investments OMV intends to improve the exploration of domestic production fields. However, there are currently losses in the gas business.

May 7, 2013

Slovenia: South Stream Gas Pipeline Project to Get National Priority Status?

Russia urges Slovenia to give the South Stream gas pipeline project national priority status.

May 6, 2013

Romania: US Chevron to Explore for Shale Gas

Chevron gets green light for exploration of shale gas in Dobrogea blocks.

May 2, 2013

Joint Energy Diversification Plans for Ukraine and EU

Ukraine and EU share Energy Diversification Plans - Energy Community Official.

April 30, 2013

Romania: OMV Petrom, Exxon And Transgaz To Team Up

According to Romanian officials, OMV Petrom, Exxon and Transgaz might partner to transport the Black Sea gas onshore.

April 30, 2013

Rosneft: Ambitious Plans

Russion oil producer intends to increase its shareholder value by 60 % in the next two years.

April 26, 2013

Poland: Audit at Oil and Gas Company PGNiG

Poland’s new Treasury Minister Wlodzimierz Karpinski announced on Wednesday to carry out an urgent audit at Polish state-controlled oil and natural gas company PGNiG.

April 25, 2013

Former Polish President: “EU Needs Ukraine”

In an interview with Polish news magazine Wprost, former Polish president Aleksandar Kwasniewski explains that in the future, the EU will need Ukraine.

April 22, 2013

EU Countries to Use Ukrainian Gas Storage Facilities

EU Countries Show Interest in Ukraine’s Gas Transportation System

April 19, 2013

Austia: Stable Industrial Production

Austrian industrial enterprises are particularly concerned about the future. The order situation was stable last year, however, only because of domestic orders. Sales in exports are still decreasing.

April 12, 2013

Gazprom to Be Joined By Shell

Russian energy giant Gazprom and British-Dutch oil producer Shell announced cooperation.

April 9, 2013

Czech Republic: Exports and Imports Decreased Considerably

In February 2013, according to preliminary data of ‘cross−border statistics’, exports and imports at current prices fell by 3.6% and 4.4%, year-on-year (y−o−y), respectively.

April 9, 2013