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OMV Aktiengesellschaft / Resignation of Gerhard Roiss as CEO as of June 30, 2015 and creation of a combined business segment Downstream
Today, the Supervisory Board of OMV Aktiengesellschaft and Gerhard Roiss have agreed that Gerhard Roiss resigns from his position as Chairman of the Executive Board and CEO as of June 30, 2015. The Supervisory Board has initiated the process to identify suitable candidates for the succession as CEO of OMV.
October 14, 2014
Dispute at OMV Supervisory Board
Listed oil and gas group OMV and the state holding ÖIAG are involved in a dispute concerning a new executive board member of OMV. A decision is expected during the supervisory board meeting slated for Tuesday.
October 13, 2014
OMV Executive Board Members Roiss and Floren have to Leave
Bang at Austria's largest industrial conglomerate. The contracts of OMV CEO Gerhard Roiss and fellow board member Hans-Peter Floren are apparently terminated prematurely.
October 9, 2014
OMV Aktiengesellschaft / Executive Board member Jaap Huijskes to leave OMV before the end of his current period of tenure
Today, Jaap Huijskes, member of the Executive Board responsible for Exploration and Production, informed the Chairman of the OMV Supervisory Board, Rudolf Kemler, that he has decided to leave OMV before the end of his current period of tenure on September 30, 2018. Jaap Huijskes intends to step down in the first half of 2016. His decision is based solely on private reasons.
September 16, 2014
Italian SNAM to Acquire TAG Gas Pipeline for EUR 505 Mln
The Italian gas pipeline operator SNAM is going to buy the alpine Trans-Austria-Gasleitung GmbH (TAG), a pipeline running through Austria and the Alps. The price of the pipeline stretch amounts to EUR 505 million, Italian media reports. Austria’s listed oil and gas group OMV holds an 11-percent stake in TAG.
September 15, 2014
Voestalpine to Supply Linepipe Plates for the Second South Stream Pipeline
This year sees the voestalpine Group securing its third major contract in the pipeline business. Following the first, now completed, contract for the Russian-European pipeline project South Stream, and for Rota 3, a pipeline project in Brazil, voestalpine will deliver 120,000 tons of sour-gas-resistant, high-strength linepipe plates for the second South Stream pipeline by spring 2015. The South Stream contract is not affected by sanctions. Further negotiations are also currently underway concerning extremely challenging pipeline projects.
September 5, 2014
Buwog: The ATX of the Vienna Stock Exchange has a New Member
At today's meeting, the Index Committee has decided on changes in the composition of Austrian stock indices. All changes become effective as of 22 September 2014. In the Austrian leading index, ATX, Mayr-Melnhof Karton AG will be replaced by BUWOG AG.
September 2, 2014
OMV Aktiengesellschaft / Half Yearly Report
The company OMV Aktiengesellschaft is declaring the following financial reports below.
August 12, 2014
Comment: Outlook of Vienna Stock Exchange
Manfred Sibrawa of BAWAG PSK INVEST GmbH comments on the expectation of the performance of the Vienna Stock Exchange until year end. Erste Bank and Raiffeisen Bank International, but also OMV, booked double-digit losses, while the Vienna Stock Exchange welcomed a new member, FACC. "All in all we saw a mixed development year-to-date, but assuming that we see a stabilization of the global situation we can expect the Vienna ATX to speed up and reduce the underperformance towards other established markets."
August 7, 2014
Hydrogen: OMV to Invest EUR 20 Mln in Key Technology
OMV is currently conducting intensive research on hydrogen as alternative fuel. According to CEO Gerhard Roiss hydrogen is already part of OMV’s everyday business. The group earmarkes around EUR 20 mln for hydrogen projects.
August 4, 2014
OMV Petrom Finalizes Modernization of Petrobrazi Refinery
OMV Petrom, the largest oil and gas producer in South-Eastern Europe, has announced the successful finalization of the modernization process of Petrobrazi refinery, performed during 2010-2014. Total investment in the modernization process amounted to around EUR 600 mln. The main target of the investment program was to increase competitiveness. OMV Petrom is now able to process the entire Romanian crude production of OMV Petrom in a single refinery.
July 24, 2014
Siegfried Wolf New OIAG Supervisory Board Chairman
OIAG's supervisory board has appointed Siegfried Wolf as the new Chairman of the supervisory board.
June 27, 2014
Analysis: The South Stream Gas Pipeline
Due to the signing of the South Stream agreement between OMV and Gazprom for the Austrian part of the pipeline during Putin's visit to Vienna, we take a look at the background of the project.
June 25, 2014
OMV to Invest EUR 500 Mio in Tunisia
The Nawara project underlines Tunisia’s significant role in OMV’s portfolio and it is a decisive stage of the key Nawara gas field development project.
May 30, 2014
High Potential for Austrian Investments in Moldova
Austria is one of the most active countries in the CESEE region ranking first in foreign direct investments (FDI) in many countries.
May 22, 2014 · Updated: May 22, 2014; 13:05
OMV to Receive Further Gas Discounts by Gazprom
As reported by Austrian daily “WirtschaftsBlatt” (Thursday issue), Austrian oil company OMV will soon sign a deal with Russian state-controlled Gazprom.
May 14, 2014
OMV Aktiengesellschaft - Quarterly Report
OMV Aktiengesellschaft is declaring the following financial reports below.
May 13, 2014
OMV invests in search for oil and gas on Madagascar
OMV invests in search for oil and gas on Madagascar
April 30, 2014
Do Taxes Justify a Relocation of Business?
Tax sensitive business operations should be relocated to other areas if necessary, according to the head of Erste Bank Austria.
April 24, 2014
Eder: Policy-Makers Have to Make Decisions
Wolfgang Eder, CEO of Austrian steel manufacturer voestalpine, claims not to have heard anything from the Austrian policy makers after he raised criticizm with regard to the Austrian business location.
April 24, 2014
EANS-General Meeting: OMV Aktiengesellschaft / Invitation to the General Meeting
EANS-General Meeting: OMV Aktiengesellschaft / Invitation to the General Meeting
April 4, 2014
OMV Aktiengesellschaft / Announcement pursuant to section 82 para 9 Austrian Stock Exchange Act
OMV Aktiengesellschaft / Announcement pursuant to section 82 para 9 Austrian Stock Exchange Act
March 20, 2014
OMV Aktiengesellschaft / Report pursuant to section 65 para 1b in conjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act
OMV Aktiengesellschaft / Report pursuant to section 65 para 1b in conjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act
March 5, 2014
OMV Aktiengesellschaft / Quarterly Report
OMV Aktiengesellschaft / Quarterly Report
February 19, 2014
Austria´s Government: Old Turns into New
The leaders of the old government, Chancellor Werner Faymann and Deputy Chancellor Michael Spindelegger, announced to form a new government.
December 12, 2013
Austria: Federation of Trade Unions Warns of Privatizations
The Austrian Federation of Trade Unions warns the Austrian state not to push through with further privatizations.
December 11, 2013
Controversy Over Special Taxes in Romania
The Romanian government plans to impose new taxes in 2014. Foreign investors may leave the country.
November 12, 2013
OMV Aktiengesellschaft / Quarterly Report
OMV Aktiengesellschaft / Quarterly Report
November 7, 2013
Analysis - Vienna Stock Exchange on a “Sustainable Upward Trend”
After five downhill years, the Vienna Stock Exchange is finally seeing something like a silver lining.
October 30, 2013 · Updated: November 5, 2013; 18:00
OMV: Weakest Refining Margin Since 2009
Compared to the same period in 2012, the whole production of Austrian oil company OMV has decreased in the third quarter as well as compared to the previous quarter.
October 18, 2013
Solution to Croatian/Hungarian Mol Issue Expected Soon
The Croatian justice has issued an international arrest warrant for the head of Hungarian oil company Mol.
October 15, 2013
EU Commission Favors New Nabucco Project
After OMV’s pipeline project Nabucco failed, the EU Commission takes into consideration a stripped-down version along the Danube.
October 14, 2013
Croatia: Hypo Group Losing Last Industrial Participation
Croatian chemical company Dioki is facing bankruptcy which is why Hypo Group is losing one of the last industrial participations in the country.
October 14, 2013
Gazprom May Face Proceedings by Austrian OMV
OMV considers arbitral proceedings against Russian Gazprom in case no joint solution will be found.
October 9, 2013
Romania: Bucharest Stock Exchange to Be Enlarged?
Ludwik Sobolewski, new CEO of Romania’s Bucharest Stock Exchange (BSE), is toying with the idea of enlarging the institution and making it a competition to Budapest, Vienna and Prague withing two years only.
October 7, 2013
Economic Upturn in Austria, Eurozone and CEE
Turbulent Emerging Market conditions have little impact on CEE.
October 2, 2013
Does Austria Need Further Privatizations?
Voestalpine´s CEO Wolfgang Eder wants to support the Vienna Stock Exchange. Without further privatizations, the stock market in Vienna could be history soon.
September 24, 2013 · Updated: September 25, 2013; 11:30
Keuschnigg: Losses of Hypo Compensated by Privatizations
Christian Keuschnigg, head of the IHS (Austrian Institute for Higher Studies) suggests to privatize OMV, Post and Telekom Austria to pay for Hypo Group.
September 20, 2013
Romania: Austrian Investors Demand Transparency
In an interview with Business Review Romania, Rudolf Lukavsky, commercial counselor for Romania and Moldova at the Austrian Embassy described the downsides and advantages of the economic environment in the country.
September 17, 2013
OMV Aktiengesellschaft / Gerhard Roiss along with David C. Davies reconfirmed to the Board
OMV Aktiengesellschaft / Gerhard Roiss along with David C. Davies reconfirmed to the Board
September 9, 2013
OMV: Oil Discovery in Northern Europe
Austrian Energy Enterprise OMV has discovered significant amounts of oil in the Barents Sea. Around 200m to 500m barrel are estimated to be exploitable.
September 6, 2013
OMV to Take Over Offshore Block in Madagascar
OMV acquires interest in offshore Madagascar block
September 2, 2013
Romania Claims Compensations for Nabucco
Romania claims EU compensation for abandoned Nabucco project.
August 29, 2013
OMV: Discovery of Gas in Pakistan
OMV: Discovery of gas and condensate in the Mehar block, Pakistan.
August 29, 2013
OMV: Biggest Additional Purchase in Company’s History
OMV invests billions in a participation in the North Sea: The Austrian energy company acquires stakes of Norwegian enterprise Statoil in oil and gas fields in the North Sea for around € 2bn.
August 19, 2013
OMV Aktiengesellschaft / OMV agreed on a major asset acquisition in Norway and the United Kingdom (UK) with Statoil. Purchase price amounts to USD 2.65 bn
OMV Aktiengesellschaft / OMV agreed on a major asset acquisition in Norway and the United Kingdom (UK) with Statoil. Purchase price amounts to USD 2.65 bn
August 19, 2013
OMV Aktiengesellschaft / Half Yearly Report
OMV Aktiengesellschaft / Half Yearly Report
August 13, 2013
Petrom: New Unit at Petrobrazi Refinery
OMV Petrom commissioned the new gas desulfurization and sulfur recovery unit at Petrobrazi.
August 8, 2013