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Austria International Oil and Gas Industry News
Read the latest headlines about developments in the international oil and gas industry in Vienna and Austria
Serbia to Invest € 10bn in Energy Sector
Serbia will invest € 10 bn in the development of the energy sector in the next eight years.
July 12, 2013
OMV Petrom Sold Subsidiary
OMV Petrom sold its subsidiary Petrom Distribuţie Gaze SRL.
July 11, 2013
Russia to Reduce Oil Export
Russia produces more oil which is increasingly used in the country itself. Refineries outside of Russia do not fear immediate bottlenecks in the supply of oil.
July 11, 2013
Dispute about Ina in Hungary and Croatia Escalates
The Croatian prosecution is once more investigating due to bribe payment to former Prime Minister Sanader. Head of Mol, Hernadi, is faced with a possible detention order.
July 11, 2013
Gazprom Runs Risk Of Losing Leading Position
Currently, only state-controlled energy giant Gazprom is permitted to export gas. Due to cooperations with French Total and Chinese enterprises, Moscow now intends to open the market.
July 9, 2013
Ukraine Looking for Alternative Gas Suppliers
Gas supply from Europe to Ukraine may stimulate pricing of Russian import.
July 8, 2013
OMV Continues Expansion in Norway
OMV has been awarded six additional offshore exploration licenses in Norway, acting as operator for two of them.
July 5, 2013
OMV Petrom Set World Record in Casing Drilling.
OMV Petrom, the largest oil and gas producer in Southeastern Europe, set a world record in the field of casing drilling in terms of diameter of drilling column and depth.
July 5, 2013
Visegrad Four Support Ukraine’s EU Integration
At the V4 summit in Wisla/Poland Slovak President Gasparovic announced yesterday that the V4 countries are interested in Ukraine’s successful European integration, particularly in signing the Assciation Agreement with the EU.
July 4, 2013
Hungarian MOL to Invest $ 38m in Romanian Exploration
Hungarian oil and gas company MOL plans to invest $ 38m in the exploration and production of hydrocarbon resources in Western Romania.
July 3, 2013
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
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
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
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