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Heavy Dispute Over ÖIAG
The Austrian Minister of Finance plans to incorporate the publicly held stakes in ÖBB, Asfinag and Verbund into ÖIAG. The coalition partner SPÖ and Reinhold Mitterlehner oppose to this attempt.
June 21, 2012
OMV and Wintershall Sign Upstream Agreement with ADNOC
OMV and Wintershall will appraise the sour gas and condensate field in Shuwaihat in the Western Region of Abu Dhabi. OMV´s CEO Gerhard Roiss sees strengthened relations with the United Arab Emirates.
June 21, 2012
OMV Announces UK North Sea Divestments
OMV divests 5% stake in the Beryl Area producing fields for a consideration of USD 118m and acquires 17.5% stake in Tobermory and Bunnehaven discoveries West of Shetlands, from Statoil (U.K.).
June 20, 2012
Borealis Plans to Issue a Corporate Bond
The subsidiary of Austrian OMV and the Abu Dhabi investment fund IPIC may issue a corporate bond of up to € 200m.
June 20, 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
„ÖIAG Should Finance Start-Ups“
The Federation of Austrian Industries (IV) suggests using ÖIAG´s investment income for the purpose of financing start-up enterprises.
June 19, 2012
Uncertain Future for ÖIAG
After CEO Markus Beyrer announced to resign, a new debate about the future of the publicly held Austrian industrial holding emerged.
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 Suggests Dissolving ÖIAG
The Austrian Minister of Economics Reinhold Mitterlehner intends to privatizie the remaining stake in Telekom Austria. This could mean the end of the Austrian industrial holding.
June 16, 2012
„Nabucco Will Die A Hundred Times“
OMV´s CEO Gerhard Roiss promotes the new „Nabucco West“ project and underlines the high probability of success.
June 14, 2012
Beyrer Leaves ÖIAG
The chairman of the Austrian industrial holding resigns and will switch to Brussels.
June 14, 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
Rising Cash Holdings at Austrian Companies
According to a study by PwC, Austrian leading companies record higher cash holdings for security reasons.
June 13, 2012
OMV Negotiates Petrol Station Sale with Russian Zarubezhneft
The Austrian oil and gas group OMV intends to sell its petrol station network in Croatia and Bosnia. The Russian Zarubezhneft seems to be interested.
June 12, 2012
„Nabucco Is Still an Option“
Elshad Nassirov, Vice-Chairman oft he Azerbaijani gas company Socar, argues that BP´s statement about Nabucco was premature.
May 29, 2012
ÖIAG Cuts Dividends
The publicly held industrial holding ÖIAG pays dividends of € 155m to the Austrian state. This is a decline by 18.4%.
May 26, 2012
BP: „Nabucco is Dead“
British Petroleum pronounces the initial Nabucco project dead. RWE supports the new version “Nabucco West”.
May 25, 2012
Vienna Stock Exchange: Winners and Losers (2012-05-22)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Comments and Analyses.
May 22, 2012 · Updated: May 22, 2012; 18:03
OMV Faces Extraordinary Tax in Romania
OMV´s Romanian subsidiary Petrom is threatened by an extraordinary tax for oil companies. The tax should be introduced in 2013.
May 19, 2012
Another Setback for Nabucco
The German RWE considers leaving the natural gas pipeline consortium. Also the Hungarian MOL will exit.
May 16, 2012
Vienna Stock Exchange: Winners and Losers (2012-05-14)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
May 14, 2012
Dividend Increase at OMV
OMV’s Ordinary Annual General Meeting has approved a dividend of € 1.10 per share for 2011 as well as all other agenda resolutions.
May 11, 2012
Petrom Posts Strong Rise in Earnings
The Romanian subsidiary of Austrian OMV could raise its EBIT by 38% compared to the first quarter of 2011.
May 9, 2012
Ruttenstorfer Enters Serbian Gazprom Subsidiary
The former CEO of Austrian OMV becomes a member of the supervisory board of the Serbian NIS.
May 9, 2012
OMV Announces Higher Profits
The Austrian oil and gas company published results for the first quarter of 2012. EBIT was up by 7%, net income rose by 17%.
May 9, 2012
Romania: OMV Threatened by Extraordinary Tax
Romania´s new Minister of Economics Daniel Chitoiu forces OMV´s subsidiary Petrom to pay higher taxes.
May 8, 2012
OMV: Rise in Revenues and Earnings Awaited
Analysts expect the Austrian oil and gas company to record substantially improved results. Profits should rise by 57.5%.
May 7, 2012
Nabucco: Azerbaijan´s Nassirov Optimistic
Elshad Nassivor, Vice CEO of the Azerbaijani oil and gas group Socar is optimistic to create a connection with Austria´s gas hub in Baumgarten.
May 5, 2012
Vienna Stock Exchange: Winners and Losers (2012-05-03)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
May 3, 2012
OMV: „Nabucco is More Alive than Ever”
Despite the exit of Hungarian MOL, the Austrian oil company underlines the importance of Nabucco. CEO Roiss holds on Nabucco.
April 28, 2012
OMV Plans Downsizing of Nabucco
The Austrian oil and gas group works on a downsized version of the natural gas pipeline project. The original version would become too expensive, analysts say.
April 25, 2012
Vienna Stock Exchange: Winners and Losers (2012-04-25)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 25, 2012
MOL May Leave Nabucco Project
Hungarian Prime Minister Viktor Orban said that MOL the country’s largest company by market capitalization, is leaving the € 7.9bn ($ 10.4bn) Nabucco natural gas pipeline project.
April 24, 2012
OMV Raises Production
Due to the economic recovery in Libya, the Austrian oil and gas group OMV increased Oil production.
April 24, 2012
Roiss Claims European „Fracking“ Strategy
OMV´s CEO Gerhard Roiss calls for a common strategy to exploit shale gas. The European industrial sector should become more competitive.
April 18, 2012
OMV´s Petrol Stations: Potential Buyers in Sight
The Austrian oil and gas company OMV plans to sell its petrol stations in Croatia and Bosnia. Local investors show interest.
April 17, 2012
Vienna Stock Exchange: Winners and Losers (2012-04-17)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 17, 2012 · Updated: April 17, 2012; 15:51
Austria Tries to Adapt its Image
In order to attract foreign investors, Austrian companies are attempting to amend the country’s image. Instead of tourism and culture, the industrial sector and the expertise should be underlined.
April 13, 2012
Ruttenstorfer Enters RHI
The former OMV executive becomes supervisory board member at the Austrian RHI.
April 11, 2012
Vienna Stock Exchange: Winners and Losers (2012-04-10)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 10, 2012 · Updated: April 10, 2012; 19:19
Romanian Government Considers Privatizations
The remaining publicly held stakes in Petrom, a subsidiary of Austrian OMV may be privatized. OMV does not participate in the transaction.
April 10, 2012
„Natural Gas to Become Most Important Energy Source“
Gerhard Roiss, CEO of the Austrian oil and gas group OMV pushes the EU to recognize the importance of natural gas.
April 7, 2012
Vienna Stock Exchange: Winners and Losers (2012-04-03)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 3, 2012 · Updated: April 3, 2012; 19:15
Vienna Stock Exchange: Winners and Losers (2012-02-27)
Daily News Flash from Vienna Stock Exchange. Upgrades and Downgrades, Winners and Losers.
March 27, 2012 · Updated: March 27, 2012; 18:27
Romania Plans Further Privatizations
Above all, a sale of the minority stake in the oil company Petrom could bring up to $ 600m. The Austrian OMV, which is the majority owner of Petrom, could be interested.
March 27, 2012
Bulgaria: Massive Penalty at OMV Subsidiary Threatens
Bulgaria´s Minister of Transport claims the maximum penalty for OMV´s subsidiary, which would reach up to € 1.0bn.
March 24, 2012
Nabucco Sees Decision on Combination With Tanap Next Year
Nabucco Gas Pipeline International GmbH, the € 7.9bn ($ 10.5bn) project to ship Caspian fuel to Europe, expects to make a decision on whether to link up with the competing Trans-Anatolia Pipeline next year.
March 22, 2012
Petrom Analyzes Romania Shale Gas Exploration Potential
The OMV-owned Petrom SA, Romania’s biggest oil company, is analyzing the potential for shale-gas exploration in the eastern European country.
March 20, 2012
Romanian President Again Critisized OMV´s Petrom
Romanian president Traian Basescu in television again emphasized that he cut ties with largest Romanian company OMV Petrom on ‘incorrect’, high profit-making policy.
March 20, 2012
Bulgaria Suspects OMV, Lukoil, Rompetrol of Price Fixing
Bulgaria’s antitrust regulator said four fuel retailers including the Bulgarian units of OMV AG of Austria, OAO Lukoil , Russian oil producer, Rompetrol Rafinare SA and Petrol AD are suspected of being involved in price fixing.
March 17, 2012
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