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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
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
Russia: Economic Growth Below Expectations
The Russian economy is flatlining. The government and the Central Bank of Russia (CBR) blame each other for the current state of affairs.
April 8, 2013
Poll: Estonians Want Economy Minister to Resign
56 % of Estonian citizens want the Economy Minister Parts to step down.
April 3, 2013
Gazprom to Absorb Romanian Bunkering Operator
Gazprom affiliate Neft Marine Bunker LLC has acquired Romanian Marine Bunker Balkan.
April 3, 2013
Bulgaria: Labor Hour Costs Increased 5.1 % in Q4 2012
Preliminary data of NSI for the Fourth Quarter of 2012 indicated that the total hourly labour cost rose by 5.1% compared to the Fourth Quarter of 2011.
March 30, 2013
Czech Republic: Gazprom to Build New Gas Storage Tanks
Gazprom and MND Group are going to invest € 100m in a gas storage facility near the Austrian border.
March 26, 2013
Ukraine and Deutsche Bank Signed Agreement
In order to finance the reconstruction of gas transportation system of Ukraine last year a loan agreement between the Ukrainian "UkrTransGas" subsidiary company "Naftogaz of Ukraine" and Deutsche Bank was signed.
March 26, 2013
Roiss: “A European Concept and Joint Investments Are Needed“
In an interview with the Austrian newpaper Kurier, CEO of OMV explains why Europe needs other sources of energy and why there is a growing competitive disadvantage compared with the USA.
March 25, 2013
Russia Enhances Oil Supply to China
Experts describe the dealings as a community of purpose rather than a sign of improved relations.
March 23, 2013
Cyprus: No Hope in Sight Yet
It is still uncertain if an agreement with Russia about the sale of gas fields can be found. President of the EU commission has joined the talks in Moscow.
March 20, 2013
Cyprus Appeals for Help to Russia
In a vote on Tuesday the government has decided not to use the private money of Cyprus‘ citizens to help bail out the banks. After the rejection, the EU aid package is now off. Cyprus hopes rest on Russia at this point.
March 20, 2013
Russia: Gazprom Runs the Risk of Losing Market Shares
According to the newspaper “RBC Daily”, Gazprom stands to lose a further market share for gas supply as German energy enterprises are prompting the government to start producing shale gas.
March 19, 2013
Russia: Battle Between Rosneft And Gasprom Starts
The fight between Russia’s two biggest energy providers Rosneft and Gasprom has started. Rosneft tries to snatch away large deposits of raw oil and reports Gasprom to the government.
March 12, 2013
Russia: Rosneft Takes over TNK-BP
The EU Commission has approved of the fusion of TNK-BP and Rosneft. According to the commission, Rosneft will still have business competition.
March 11, 2013
Lithuania: Exports Decreased by 7.6 % in January
Foreign trade in January 2013 decreased. Major losses in Agricultural sector.
March 8, 2013
Austria: Increase Of Foreign Trade
Even with the economy crisis, the percentage of foreign business expands.
March 8, 2013
EVN Suffers from Business in Bulgaria
In the first quarter of its business year 2012/13, the Austrian energy group recorded a decrease in net income. Outlook 2012/13: results from operating activities and Group net profit are expected to be below the prior-year level
February 28, 2013
CEZ: Czech Republic Calls Brussels for Help
After the Czech energy group CEZ has lost its license in Bulgaria, the Czech government wants Brussels to put pressure on Sofia.
February 25, 2013
Bulgaria: Protests Continue in Sofia and Varna
Bulgarian political decisions are afflicted by extreme unpopularity as almost 60 % of the population suffers from immediate poverty. Riots continue in Sofia and Varna.
February 24, 2013
OMV and Repsol Searching for Oil in Romania.
Petrom, the Romanian subsidiary of OMV and the Spanish Repsol Group have agreed on a joint venture in Romania. Investments estimated at approximately EUR 50 mn in the next two years.
February 23, 2013
OMV Sells Its Marketing Subsidiary in Croatia
With this transaction OMV Refining and Marketing has completed the next step in implementing the defined divestment program.
February 1, 2013
Nabucco Pipeline Is Taking Shape Slowly
The natural gas pipeline commences Front End Engineering and Design services for Nabucco West project.
January 28, 2013
Bayerngas Leaves Nabucco
The German natural gas company does not want to join the pipeline project.
January 28, 2013
Nabucco: Decision Will Be Announced by Mid-2013
The Shah Deniz II consortium will announce its decision on the pipeline project in June, Nabucco´s CEO Reinhard Mitschek says.
January 21, 2013
Strong Political Support for Nabucco
Nabucco countries acknowledge the ministerial declaration extending legal and regulatory framework to Nabucco West.
January 19, 2013
Serbia: Dinkic Underlines Importance of South Stream Pipeline
The South Stream pipeline is a “national project” and of vital interest for Serbia, Minister of Economics Mladjan Dinkic says.
January 19, 2013
Croatia Finds Compromise with Gazprom
Croatia will be connected with the South Stream pipeline. The construction costs will total € 60m.
January 17, 2013
Austria: Regional Energy Providers Invest Massively in Renewable Energy
In 2013, the regional energy supplier Energie AG wants to invest € 180m. The Vienna-listed EVN group intends to increase its renewable energy portfolio by € 800m until 2020.
January 16, 2013
Shah Deniz Consortium to Enter Nabucco Project
Today, the Nabucco´s shareholders and the Shah Deniz Consortium agreed on a joint declaration.
January 10, 2013
OMV: Final Investment Decision for Aasta Hansteen Gas Field
World’s largest floating spar platform in the Northern Norwegian Sea: Final investment decision taken to develop the promising Aasta Hansteen gas field including new pipeline infrastructure.
January 9, 2013
New Hope for Nabucco
The gas pipeline project is said to get a new major shareholder. In case of the entry of the Shah Deniz II consortium, Nabucco´s utilization would be secured.
December 22, 2012
Nabucco: Official Approval in Bulgaria
Bulgarian Ministry approves Nabucco National Environmental Impact Assessment Report.
December 22, 2012
Petrom: Major Gas Deal Signed
OMV Petrom exploring shallow water sector of Neptun block in the Black Sea.
December 22, 2012
EVN Posts Mixed Results
The Austrian energy company records an increase in revenues. EBIT fell by 7.0%, net profits grow slightly. Outlook 2012/13: Group net profit is expected to be on the prior-year level.
December 13, 2012
South Stream: No Pipelines to Austria
Austria will not be connected to the Russian pipeline project. Neither OMV nor Gazprom make a comment.
December 12, 2012
OMV and RWE Talk About Stakes in Nabucco
The German energy group plans sells its shares to Austrian OMV. OMV´s CEO Roiss expects that the consortium of Nabucco will change.
December 8, 2012
Russia Starts South Stream Pipeline
Today, the Russian gas group Gazprom has officially begun the construction works of the pipeline project.
December 7, 2012
Bulgaria Puts Pressure on Nabucco
Bulgaria wants the Nabucco project to start as soon as possible.
December 5, 2012
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