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Energy Industry
South Stream Pipeline: Gazprom Concludes Contract with Hungary
The Russian energy group Gazprom has negotiated the last conditions of the contract with Serbia and Hungary.
November 2, 2012
Three Austrian Companies Among Europe´s Top 300
The oil and gas group OMV, the construction group Strabag and the steel group voestalpine are Austria´s biggest industrial companies.
October 29, 2012
Austrian-Ukrainian Trade Relations Show Development Potential
According to Richard Schenz, Vice President of WKO (Austrian Chamber of Commerce), the economic relations between Austria and the Ukraine are excellent.
October 25, 2012
Verbund: Better Results, Outlook Raised
In the first three quarters of 2012, the Austrian electricity company recorded an increase in revenues and net income.
October 24, 2012
OMV Signs Major Oil Acquisition in Norway
“A further important move to establish Norway as core country in OMV’s Exploration and Production portfolio”: The Austrian oil group acquires a 20% stake in the Edvard Grieg oil field development from RWE.
October 16, 2012
Czech Government Attempts to Stimulate Growth
On the one hand, the Czech government deepens the austerity measures. On the other hand, growth-stimulating investments should be initiated.
October 13, 2012
Verbund Does Not Exclude Sale of Enerjisa
The Austrian energy company Verbund is said to withdraw from Turkey. However, further investments would be conceivable too, Verbund says.
October 12, 2012
Verbund Sells € 70m Asset
Austria’s biggest electricity producer is focussing on majority interests with emphasis on hydropower.
October 11, 2012
„Nabucco Is not Dead at All“
The EU-Commissioner of Energy Günther Oettinger is optimistic that Nabucco will be successful. According to Austria´s Minister of Economics Reinhold Mitterlehner, the prospects of success are “50+”.
October 9, 2012
"Vienna is becoming an energy hub"
New UN Office for Sustainable Energy opens in Vienna.
October 6, 2012
„Austria Does Not Need Shale Gas“
Gerhard Roiss, CEO of Austrian OMV, thinks that renouncing on shale gas will be expensive.
October 1, 2012
Anzengruber: „Withdrawal from Turkey is no Issue Yet“
Wolfgang Anzengruber, CEO of the Austrian energy company Verbund, emphasizes that Turkey is a future market.
September 27, 2012
Total, OMV and Repsol pay € 48m for Test Drillings in Bulgaria´s Black Sea
Bulgaria wants to reduce its dependence on Russian energy. The consortium has paid € 48m to Bulgaria.
September 22, 2012
Verbund in Turkey: Further Investments Instead of Withdrawal
In August, Verbund was said to sell its stake in Enerjisa to German eon. Now, Verbund may enlarge its investments in Turkey further.
September 19, 2012
EVN and Verbund Open the Ashta Hydropower Plant in Albania
The project company “Energji Ashta“ and its owners EVN and Verbund are opening the first section of the Ashta hydropower plant (Ashta I) on the Drin River in Northern Albania.
September 18, 2012
Bulgarian President Wants to Attract Austrian Investors
On the occasion with a meeting between the Bulgarian President Rosen Plevneliev, the Austrian President Heinz Fischer and Lower Austria´s governor Erwin Pröll, Plevneliev underlined the importance of Austrian investors for Bulgaria.
September 17, 2012
Kuwait Petroleum Interested in Croatian and Bosnian OMV Stations
OMV sells 91 petrol stations in Croatia and Bosnia. After the Croatian INA has announced to have submitted a binding offer, Kwait Petroleum shows interest.
September 14, 2012
RWE Agrees to Strategic Collaboration with Serbian Energy Utility EPS
The German energy group has signed a Memorandum of Understanding on further development of energy generation in Serbia. The focus will be on laid on hydropower.
September 11, 2012
Verbund Commissions 100 MW Wind Farm in Romania
The Austrian energy group´s 100 MW wind farm of Casimcea I, close to the Romanian Black Sea Coast, joins the grid.
September 11, 2012
Romanian Romgaz to be Privatized
The privatization of Romgaz at Bukarest Stock Exchange may become Romania´s biggest IPO. According to the Romanian news agency hotnews, other big privatizations in Romania may be postponed.
September 10, 2012
Germany to Depend on Austria´s Electricity “for the next 50 years“
After Germany´s nuclear exit, the German energy production faces new challenges, Michael Fuchs at the biggest German power grid operator Tennet thinks that Austria and Germany have a symbiotic relationship.
September 8, 2012
Takeover of OMV´s Petrol Stations: INA Faces Legal Restrictions
The Austrian OMV Group plans to withdraw from Croatia and Bosnia. The Croatian subsidiary of MOL is interest in OMV´s petrol stations, but may face legal restrictions from a competition law point of view.
September 7, 2012
Verbund is Said to Sell Stake in Turkish Enerjisa
According to “Kleine Zeitung”, the Austrian energy group Verbund wants to withdraw from Turkey. German eon may purchase Verbund´s stake.
September 6, 2012
OMV and Total Start Gas Drillings in Bulgaria´s Black Sea
Bulgaria wants to reduce its dependence on Russian energy. Together with the French Total Group and the Spanish Repsol Group, Austrian OMV begins test gas drillings in the Bulgarian Black Sea.
September 1, 2012
EVN Posts Solid Results
Outlook 2011/12: Group net profit is expected to be at the same level of the previous year. Refinancing syndicated revolving credit facility of € 500.0m.
August 30, 2012
Hungary to Nationalize Energy Industry
Viktor Orban´s government plans to acquire the Hungarian subsidiary of German eon.
August 29, 2012
Verbund Invests in German Wind Power
With the acquisition of five wind farms in Germany, the Austrian energy company enlarges its hydropower portfolio.
August 23, 2012
Verbund: Sale of Enerjisa May Bring Synergies
The German energy group eon is said to be interested in Verbund´s stake in the Turkish Enerjisa. In exchange, Verbund should receive hydro power plants in Southern Germany and Austria.
August 20, 2012
Verbund: Erste Group Pessimistic
The Austrian energy company is expected to record lower earnings in the coming years.
August 7, 2012
Roiss Claims Energy Strategy
Gerhard Roiss, CEO of the Austrian energy company OMV, warns of a withdrawal of the energy-intensive industry tot he U.S.
July 26, 2012
Verbund Increases Operating Result and Group Result
Verbunds´Operating result: +11.9% to € 434.7m Group result: +12.4% to € 198.2m 2012 outlook: operating result of about € 800m, Group result of about € 350m.
July 25, 2012
Verbund: Substantial Rise in Net Income Expected
Tomorrow, the Austrian energy company Verbund will announce ist first quarter results for 2012.
July 24, 2012
Austrian-Bulgarian Economic Forum
The event takes place on September 18, 2012 at the Austrian Federal Economic Chamber, Vienna.
July 23, 2012
Verbund Modernises Styrian Hydropower Plants
Austrian Verbund invests € 400m in hydropower plants. „Annual electricity requirements of all private households in Styria already met with clean hydropower.“
July 20, 2012
Energochemica Enters the Prague Stock Exchnage
Energochemcia SE officially announced its intention to enter the Prague Stock Exchange (PSE). The company wants to focus on acquisitions of key energy and chemical industry companies.
June 29, 2012
Austrian Presence at Intersolar North America
Austrian companies will show their new innovations in San Francisco, California on July 10 – 13.
June 28, 2012
Kelag Invests € 60m in Kosovo
The Austrian regional energy supplier celebrated the ground-breaking ceremony of a major power plant in Kosovo this week. Investments will total € 60m.
June 27, 2012
Austria’s Most Powerful Power Plant Inaugurated
New combined cycle gas turbine plant saves up to two million tons of CO2 annually, the Austrian energy provider Verbund says. The company expects lower results in the first half of 2012.
June 22, 2012
Nabucco „Not Essential“ for EU
For the EU Commissioner Günther Oettinger, it is not important which pipeline ships natural gas to Europe.
June 22, 2012
Intensive Talks between OMV and Romanian Government
The Romanian Prime Minister Victor Ponta initiated talks with the Austrian oil and gas group OMV. Romania wants to control fuel prices in future.
June 19, 2012
Nabucco: EU Commission is in Doubt
The Commission of the European Union emphasizes that Nabucco is still an option. Nevertheless, there would be cheaper options.
June 18, 2012
Mitterlehner: „Romania is an Important Trading Partner“
Austria´s Minister of Economic Reinhold Mitterlehner sees many business opportunities for Austrian enterprises in Romania. Above all, the energy sector is highly promising, Mitterlehner says.
June 18, 2012
Austria Among European Renewable Energy Nations
The contribution of renewable energy was up to 12.4% of energy consumption in the EU27 in 2010. The highest share is observed in Sweden, Latvia, Finland, Austria and Portugal.
June 18, 2012
Austrian E-Control Supports Shale Gas Exploitation
Walter Boltz, CEO of the Austrian energy market regulator, thinks that Europe would benefit from the shale gas exploitation.
June 13, 2012
Verbund and EVN Develop Hydro Power Projects in Albania
The Austrian energy companies are interested in developping hydro power projects in the Western Balkan country. The investment volume reaches € 80m.
June 6, 2012
EVN Takes up € 500m Loan
The Austrian energy company secured fefinancing of ist existing syndicated revolving credit facility.
June 4, 2012
Solar Heating Specialist TiSUN expands to Asian markets
In 2011 the Austrian company, TiSUN GmbH, established a subsidiary company in Mumbai, TiSUN-EDES Solar (India) Pvt. Ltd., in order to be able to service the vast Asian market more efficiently.
June 1, 2012
Energy: Germany and Austria Agree on Closer Cooperation
German dena and Austrian Verbund advocate stronger German-Austrian energy partnership and aim to build more pumped storage power plants for the integration of wind and solar power.
June 1, 2012
Stable Results at EVN
The Austrian energy supplier reports stable revenues and earnings in the first quarter of 2012. Net income soared by 13.6%.
May 31, 2012
BP: „Nabucco is Dead“
British Petroleum pronounces the initial Nabucco project dead. RWE supports the new version “Nabucco West”.
May 25, 2012
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