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Downsizing of Nabucco Plans
The companies behind the proposed 3,900km Nabucco pipeline that would carry natural gas from the Caspian region to Europe have pitched a slimmed-down version of the project.
March 16, 2012
Basescu Criticizes OMV Sharply
The Romanian President Traian Basescu is deeply disappointed of the Austrian oil and gas company OMV. The Romanian subsidiary “made too much profits”, Basescu says.
March 13, 2012
Vienna Stock Exchange: Winners and Losers (2012-03-12)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
March 12, 2012
Vienna Stock Exchange: Winners and Losers (2012-03-10)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
March 10, 2012
Vienna Stock Exchange: Winners and Losers (2012-03-08)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
March 8, 2012 · Updated: March 8, 2012; 17:58
IPIC Intends Further Increase in OMV
The second core shareholder of OMV, the Arab state fund International Petroleum Investment Company, which is situated in Abu Dhabi, plans another rise in its shareholding.
March 8, 2012
OMV Gives In: No Fracking in Austria
The Austrian oil and gas company OMV reacts to the citizen´s protests and gives up its natural gas exploration plans in Northern Austria.
March 5, 2012
Nabucco: Costs Could Grow Further
The pipeline consortium Nabucco checks whether the project becomes more expensive than expected. Costs of € 15bn are forecasted.
March 3, 2012
Public Dispute Over Privatizations
The two government parties disagree to the sale of further publicly held companies. ÖVP pushes for privatizations, for SPÖ the idea is inacceptable.
February 29, 2012
Resistance Against „Fracking“ Grows
The oil and gas group OMV plans to exploit shale gas in Northern Austria. Environmental activists claim a prohibition.
February 28, 2012
Merger of Nabucco-TANAP Discussed
Members of the gas pipeline projects Nabucco and TANAP talk about a merger in Vienna. The Turkish Minister of Energy participates therein.
February 28, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-28)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 28, 2012 · Updated: February 28, 2012; 14:47
Hungary is Optimistic to Reach Agreement with IMF
The Hungarian ambassador in Vienna, Vince Szalay-Bobrovniczky is convinced to solve the current financial crisis soon. Hungary aims for re-gaining trust of investors.
February 25, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-24)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 24, 2012 · Updated: February 24, 2012; 18:17
Decision on Nabucco Again Postponed
The natural gas consortium „Shah Deniz II“ postpones its decision by one year. OMV´s CEO Gerhard Roiss underlines the importance of a pipeline to the Austrian hub Baumgarten.
February 24, 2012
EIB: Fewer Funds for Austrian Companies
After a record in 2011, the European Investment Bank (EIB) will reduce lending to Austrian companies this year.
February 24, 2012
Borealis Shows Strong Growth
The Austrian chemical company announces a net profit of € 507m in 2011, compared to € 333m in 2010. Sales rose from € 6.27bn to € 7.1bn.
February 23, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-23)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 23, 2012
Petrom Discovered Deep Water Gas Offshore Romania
The Romanian subsidiary of the Austrian oil and gas group OMV announces a first major success of its exploration works in the Black Sea together with Exxon Mobil.
February 22, 2012
OMV Surpasses Market Expectations
The Austrian oil and gas company today announced its results for the fourth quarter. Dividends will rise to € 1.10 per share. Clean CCS EBIT was up by 29%.
February 22, 2012
OMV: Market Expects Improvement in Results
The Austrian oil company OMV reports its figures for the fourth quarter of 2011 tomorrow. Analysts anticipate a rise in earnings.
February 21, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-20)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 20, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-15)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 17, 2012 · Updated: February 17, 2012; 18:39
Decrease in Austrian Oil and Natural Gas Production
In 2011, production of oil was down by 4.7% to 919,437 tonnes. Natural gas production fell by 6.6%.
February 14, 2012
Gazprom to Double Natural Gas Reserves in Europe
The Russian natural gas supplier Gazprom intends to improve supply security in Europe. Gas reserves in Austria should be extended too.
February 10, 2012
Russian Natural Gas Supply to Normalize
According to the Austrian oil and gas company OMV, gas deliveries from Russia are increasing slightly.
February 8, 2012
Oettinger Expects Succesful Contracts Over Gas Deliveries
The EU-Commissioner for Energy, Günther Oettinger, anticipates that Azerbaijan will close contracts over natural gas deliveries within the coming months.
February 8, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-07)
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February 7, 2012 · Updated: February 7, 2012; 11:05
OMV: New Executive Board Member for Gas and Power Segment
Hans-Peter Floren to succeed Executive Board Member Werner Auli . Supervisory Board Chairman Markus Beyrer is “delighted with the highly qualified appointment”.
February 6, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-06)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 6, 2012
Mitterlehner: „Shortages in Russian Gas Supply Not Dangerous“
For The Austrian Minister of Economics, Reinhold Mitterlehner, the sudden cut in Russian natural gas supply is “no dangerous scenario”.
February 6, 2012
Black Sea: Petrom and Exxon Mobil Found Gas
Romania’s first deepwater well indicates presence of hydrocarbons. The U.S. Exxon Mobil and Petrom, a Romanian subsidiary of Austrian OMV, are searching for natural gas.
February 4, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-04)
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February 4, 2012 · Updated: February 4, 2012; 10:39
IPIC May Raise Stake in OMV
IPIC’s request to increase its stake in the Austrian oil and gas company OMV beyond 25% doesn’t require an approval by the Austrian Ministry of Economics.
February 3, 2012
Rising Production at OMV
Due to the resumption of works in Libya, the Austrian oil and gas group announces rising production volumes and slightly improving refining margins.
February 3, 2012
Shortened Natural Gas Supply from Russia
The Austrian oil and gas group OMV reports that Russian natural gas exports only reach 70% of its normal level.
February 2, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-01)
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February 1, 2012 · Updated: February 1, 2012; 18:28
OMV: „No Shortage in Natural Gas Supply“
Russian media reported on natural gas supply reductions for Europe. Gazprom denies, OMV refers to large natural gas reserves.
February 1, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-31)
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January 31, 2012 · Updated: January 31, 2012; 18:52
Increase in IPIC´s Shareholding at OMV Approved?
Today, the Austrian Ministry of Economics announced to have decided over IPIC´s application. The Arab fund plans to increase its stake at OMV beyond 25%.
January 27, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-24)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 24, 2012 · Updated: January 24, 2012; 17:18
Turkey Emphasizes Support for Nabucco
Besides the Russian South-Stream project, Turkey also shows support for Nabucco, where Austrian OMV is strongly engaged in.
January 21, 2012
RWE Considers Alternative to Nabucco
German RWE shows interest in rival project TANAP and considers getting out of Nabucco.
January 20, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Winners & Losers.
January 18, 2012 · Updated: January 18, 2012; 17:58
OMV to Sell Petrol Stations in Croatia and Bosnia
The Russian oil company Zarubezhneft is interested in OMV´s Bosnian and Croatian petrol stations.
January 18, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-16)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 16, 2012
OMV: Libyan Oil Production at 60% of Pre-War Level
The Austrian OMV produces 19,000 barrels per day in Libya. Production can be improved steadily. A Romanian refinery will be sold to the Romanian state.
January 13, 2012
OMV Starts Downsizing Operations
The Austrian oil and gas company starts to reduce the weighting of the Refining and Marketing (R&M) business segment in the overall portfolio.
January 13, 2012
Central European Gas Hub Sets a New Record in Gas Trading
Trading volume of the Austrian gas hub rose to 40 billion cubic metres in 2011. This is an increase by 15% compared to the previous year.
January 13, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-12)
Daily News-Flash from Vienna Stock Exchange. Upgrades and Downgrades, Winners and Losers.
January 12, 2012 · Updated: January 12, 2012; 11:11
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