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Energy Industry

Change of Leadership at Bewag?

According to reports, there are plans for a premature replacement of the board at the power company from Burgenland.

November 3, 2010

Energy Prices Rise Steeply

An increase of 6.7% was recorded for energy prices in the yearly comparison. The relevance of alternative energy sources will increase significantly in future, as energy price increases are expected to continue in the long term.

November 2, 2010

OMV: Republic of Austria Will Hold On to Its Stake

An informal consultation is said to have been held between the governing parties to keep the government stake in OMV, should there be a capital increase.

October 27, 2010

Large Power Plant in Turkey: Verbund concludes Joint Venture

With an investment volume of 550 million euro, the Verbund operates together with its Turkish partner Sabanci Holding, a gas-steam power plant.

October 25, 2010

OMV: Complete Takeover of Petrol Ofisi Fixed

The deal is finished. Turkey will be the third main market for the OMV group.

October 22, 2010

Major Project for Siemens Austria in Georgia

Siemens Austria is involved in a project to develop the electricity industry in Georgia. The infrastructure project will act as a bridge between Russia and Turkey.

October 22, 2010

OMV Deal: Many Questions Without Answer

Not only the extent of the takeover is unknown, but also how it will be financed.

October 22, 2010

A-Tec - Creditors are Demanding more Money

Against the minimum quota of 30 per cent offered by Mirko Kovats 30 resistance is forming. A-Tec announced that the negotiations of the daughter AE & E are well underway on renewal of the credit facility.

October 22, 2010

Increase in Mineral Oil Tax likely

Economy Minister Mitterlehner speaks of a possible moderate increase.

October 21, 2010

EnBW Remains Shareholder at EVN

EnBW decides not to continue the planned secondary offering of shares in EVN AG

October 20, 2010

OMV Plans Complete Takeover of Petrol Ofisi

OMV and Doğan Holding are in detailed negotiations regarding an acquisition of Dogan Holding’s stake in Petrol Ofisi by OMV

October 20, 2010

Verbund Group: Capital Increase has Been Determined

The capital increase for the biggest domestic electricity generator will allow large investments in energy infrastructure and thereby accelerate new power generation projects.

October 20, 2010

A-Tec Wins Major Contract for Project in England

A project in Australia is currently bringing A-Tec financial problems. A new project, however, offers prospects of success.

October 19, 2010

Low-Cost Gas Stations on Unused ÖBB Property

The Austrian Federal Railways (ÖBB) have signed a framework contract with Markus Friesacher for up to 35 low-cost gas stations on dormant property.

October 19, 2010

Verbund´s Subsidiary Sorgenia Achieved Higher Profits

Net income climbed during the first three quarters to 57.6 million euros

October 19, 2010

EVN's Subsidiary RAG Increased Gas Capacities

New capacities are created, gas and oil exploration in Poland and Hungary to be intensified

October 17, 2010

Production Quota of OPEC Remains Stable

There was consensus in the Vienna-based OPEC. Members show their satisfaction with the current situation.

October 15, 2010

Mineral Oil Tax: A Cash Cow for the Finance Minister

State revenues for the mineral oil tax have risen steadily since 2000. At that time, motorists paid 2.726 billion euro; this year it will be 3.9 billion euro.

October 15, 2010

Schoeller-Bleckmann Acquired Dubai Based Special Tools Provider

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, has successfully completed acquisition of Drilling Systems International Ltd. (DSI).

October 5, 2010

EVN resolves on capital increase – transaction together with EnBW

With the Supervisory Board’s approval, the Managing Board of EVN AG has resolved on a capital increase from authorized capital through the issuance of up to 16,352,582 new ordinary no-par value bearer shares.

October 5, 2010

Household Energy: Prices Rose by 5.4%

Households have to pay on average 5.4% more for energy in Austria than one year ago. Diesel is 10.4% more expensive in the yearly comparison.

October 4, 2010

Baur: Sales Growth and Eastward Look.

Baur Prüf- und Messtechnik reported a moderate growth in sales during the crisis year. Now the company wants to continue growing abroad.

October 1, 2010

Energieallianz Austria Creates Subsidiary in Germany

Renewable energies are a rising trend. This has been recognized by the domestic Energieallianz Austria(EAA), a subsidiary of the energy provider for Vienna, Lower Austria and Burgenland.

September 30, 2010

Mitterlehner Meets Hendry: Development of Renewable Energies

The Finance Minister met with the British Energy Minister Charles Hendry for talks about the energy policy in the EU, the development of renewable energy sources and increasing the security of energy supply.

September 21, 2010

Martin Schlaff: Acquisition of Several Latvian Oil Transport Companies Planned

After four years of delay Schlaff is reported to be planning the takeover of several Latvian transport companies.

September 20, 2010

A-Tec's Subsidiary AE & E: CFO Brandt Moves to Sulzer

AE & E’s CFO, Juergen Brandt, will be CFO of the Swiss industrial group Sulzer. Jürgen Boggild moves to the Board.

September 20, 2010

Hypo Alpe Adria: Greek Entrepreneur Xeniadis Signals his Interest in Buying

The Greek businessman Vasileios Xeniadis is prepared to offer 1.35 billion euro for Hypo Alpe Adria.

September 16, 2010

EVN building cogeneration plant in Plovdiv/Bulgaria

Today, Prime Minister Bokyo Borissov, Provincial Governor Erwin Pröll and EVN's CEO Burkhard Hofer oversaw the ceremony for the construction of a highly efficient cogeneration plant in the city of Plovdiv.

September 13, 2010

OMV targets a 20% market share in Serbia

Important changes are foreseen for 2011 in the Serbian oil industry. Because, effective from January 1, the energy company NIS will lose, albeit theoretically, its artificially upheld monopoly position…

September 13, 2010

Putin: Gas pipeline Nabucco with "little chance of success"

Putin gives the competition project of the South Stream gas pipeline little chance of being realized, because as of now, Nabucco has no suppliers.

September 8, 2010

Energy - Three offers for Verbund power plants

Those interested are European companies. By mid 2011 the partial sale of Innkraftwerke shall be completed. Right now the current prospects review the economic documents.

September 7, 2010

The Austrian electricity price index ÖSPI is to decline in October

The electricity price index for October 2010, calculated by the Austrian Energy Agency (Österreichische Energieagentur), indicates that in October prices of electric energy will fall.

September 6, 2010

Verbund calls extraordinary GM to decide on capital increase

Verbund appreciates positive decision of majority shareholder

September 3, 2010

Miba Acquires Producers of Power Electronics Components

Miba, strategic partner to the international engine and automotive industry, has acquired EBG and DAU, producers of power electronics components, as of September 1, 2010.

September 1, 2010

Kelag with more sales and profits

Economic recovery brought growth for the Corinthian energy provider in the first half of 2010.

August 30, 2010

EVN: long winter driving profits

The energy supplier earned €204.9m ($261.6) in the first nine months of the current fiscal year, 16.7 percent more than a year ago. The long winter in Austria helped.

August 30, 2010

Siemens Group upgrades Austrian business location

Siemens Austria has been named the global interface for the small hydropower plant activities of the Group.

August 25, 2010

Albania - Green light for new power plant of Verbund and EVN

The EU's competition authorities have approved a joint power plant project of Verbund and EVN in Albania.

August 20, 2010

KTM confirms earning rise in the third quarter

Due to the focus on KTM´s core business and its efficient cost management, KTM managed to find the fastest track out of the crisis despite slightly lower sales.

July 23, 2010

EVN - Majority of Bulgarian Gorna Arda is sought

Lower Austrian electricity company plans to acquire 70 percent of a hydroelectric project.

July 20, 2010

C.A.T. Oil AG wins two hydraulic fracturing tenders in Western Siberia

C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, has been announced as the winner of two tenders for hydraulic fracturing services in Western Siberia.

July 5, 2010

Energy must not be at mercy of shareholders

The only treasure of Austria must remain in own sphere of influence.

June 30, 2010

Energy ten percent more expensive

Fuel prices have risen strongly again, oil is more expensive by a third, but gas is cheaper than a year ago.

June 22, 2010

EVN scores a gas deal in Croatia

A new gas pipeline built by Austrian energy provider EVN will provide thousands of Croats.

June 2, 2010

C.A.T. Oil AG further improves profitability and earnings under abnormally harsh weather conditions

C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gas field services in Russia and Kazakhstan, today has published its results for the first quarter 2010.

May 31, 2010

C.A.T. Oil AG - dividend announcement

The annual general meeting of shareholders of the company held on 18 June 2010, resolved to distribute dividends in the amount of €0.30 per eligible share for the fiscal year 2009.

May 18, 2010