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OMV Condemned by Antitrust Authorities
Petrom, a subsidiary of the Austrian oil and gas company has to pay a € 85.2m fine in Romania.
January 11, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-10)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 10, 2012 · Updated: January 10, 2012; 10:17
Vienna Stock Exchange: Winners and Losers (2012-01-09)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 9, 2012
Petrom and Exxon Explore in Black Sea
Petrom, the Romanian subsidiary of the Austrian oil and gas group OMV, closed a partnership with the U.S. oil group ExxonMobil.
January 9, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-03)
Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers
January 3, 2012
Vienna Stock Exchange: Winners and Losers (2011-12-19)
Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 19, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-15)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
December 15, 2011
Austria to Be By-Passed by South Stream Gas Pipeline
The rival project to Nabucco will not end at OMV’s Central European gas hub.
December 15, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-13)
Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 13, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-12)
Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 12, 2011
OMV and Shell Set to Survey Off Great South Basin
The British-Dutch Shell Group and the Austrian OMV Group start research works near New Zealand.
December 12, 2011
Troubles at State Holding ÖIAG
The dividend policy at Telekom Austria is criticized fiercely. Moreover, the new core shareholders at Telekom and OMV cause fears of takeovers.
December 10, 2011
IPIC to Take Over OMV?
This week, IPIC announced to raise its stake in OMV. At the moment, the Arab investment fund holds 24.9% of OMV´s share capital.
December 9, 2011
Sale of Croatian OMV Petrol Stations Begins
OMV´s current market share in Croatia is 13%. Almost every major oil company in Europe shows interest.
December 9, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-07)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 7, 2011 · Updated: December 7, 2011; 17:53
IPIC to Acquire Blocking Minority Threshold
The core shareholder of the Austrian oil and gas company, the Abu Dhabi state fund IPIC, already owns a 24.9% stake. An increase beyond 25% has been announced.
December 6, 2011
OMV Sells Croatian and Bosnian Subsidiaries
In line with the strategy of the Austrian oil and gas company, the sale of the retail and commercial business in Croatia (OMV Hrvatska d.o.o) and Bosnia-Herzegovina (OMV BH d.o.o) is under consideration.
December 6, 2011
OMV Raises Oil Production in Libya
The Austrian oil and gas company OMV receives already about 50% of the pre-war volume. However, a full recovery will need another twelve months.
December 3, 2011
OMV’s Shale Gas Test Drilling Will Cost € 130m
The Austrian energy group sees a 20 percent chance of success for production at the Lower Austrian gas field that was discovered last month.
December 2, 2011
Austrian Companies Return to Libya
OMV and Asamer have already resumed business, while Strabag is still evaluating damages.
November 30, 2011
Management Board Salaries Increased by 13.2% in 2010
Salaries for a company’s board members totaled € 3.4m, while compensations for supervisory board members amounted to € 182,000 on average.
November 29, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-29)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 29, 2011
OMV Discovered Major Gas Field in Austria
The Austrian oil and gas group OMV found a major gas field in Northern Lower Austria. The gas could cover the domestic gas demand for 30 years.
November 26, 2011
OMV Concludes New Syndicated Loans
The Austrian oil and gas company has signed two syndicated multi-currency credit facilities totaling € 1,680m, which replaces existing facilities maturing in 2012.
November 23, 2011
OMV to Sell Petrol Stations to Slovak Slovnaft
The Austrian oil and gas group OMV has already announced its downsizing strategy in the petrol station business. Slovnaft, a Slovak subsidiary of the Hungarian MOL, shows interest.
November 22, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-16)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 16, 2011
Petrom Accused for Breach of Antritrust Rules
The Romanian subsidiary of the Austrian OMV, Petrom, is confronted with alleged breach of antitrust regulations.
November 16, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-14)
Daily News-Flash from the Vienna Stock Exxchange: Upgrades and Downgrades, Winners and Losers.
November 14, 2011
Spindelegger: Cost Cuts and Privatizations to Save Triple-A
Annual interest payments would grow by € 3bn if Austria was downgraded by one notch.
November 11, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-10)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 10, 2011
OMV’s Performance Still Impacted by Libyan Production Shortfalls
The Austrian oil and gas company reported strong results for the first nine months of the year. Group EBIT was up by 11% year-on-year.
November 9, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-09)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 9, 2011
OMV Considers € 1.5bn Credit Line
The Austrian oil and gas company is negotiating a major credit facility with a term of five years.
November 4, 2011
PKN Orlen Interested in OMV´s Petrol Stations
The Austrian oil corporation OMV downsizes its operations in the Czech Republic. 220 Petrol stations are for sale.
October 31, 2011
BP Determines Purchase Contracts With OMV
The Austrian subsidiary of British Petrol ends up contracts with the Austrian oil corporation. Possibly better conditions should be negotiated.
October 31, 2011
Declining Profits for ATX Companies
Analysts expect Vienna-listed companies to report substantial lower profits. Even losses are feared.
October 24, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-21)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
October 21, 2011
OMV Raises Production and Margins
The Austrian oil and gas company increased total production by 3%. Hedges adversely impacted EBIT by € 44m in the period from July to September.
October 21, 2011
OMV Buys Gas Discovery from Norwegian Noreco
Norwegian Energy Company (Noreco) has entered into an agreement to sell its 20 percent share of license on Haltenbanken to Austrian OMV.
October 21, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
October 18, 2011
OMV Promotes Nabucco Project Abroad
The Austrian oil corporation OMV pushes the gas pipeline project Nabucco in Turkey, Azerbaijan and Turkmenistan.
October 11, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-11)
Daily News-Flash from the Vienna Stock Exchange. Upgrades and Downgrades, Winners and Losers.
October 11, 2011
OMV to Resume Oil Production in Libya
The Austrian oil corporation had to abandon oil production in Libya at the beginning of the year. Now, OMV wants to continue its operations.
October 10, 2011
OMV’s Petrom Opens Wind Park in Romania
The subsidiary of the Austrian energy group invested a total of € 90m. The park has an installed capacity of 45 MW.
October 7, 2011
OMV Issues Eurobond
The Austrian oil and gas corporation OMV has further extended its average maturity of debt by issuing a Eurobond with a volume of € 500m, a maturity of 10 years and a coupon of 4.25%.
October 5, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-05)
Daily News-Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
October 5, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-04)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
October 4, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-03)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
October 3, 2011
OMV: Withdrawal from Czech Republic Possible
The Austrian energy company plans to leave the Czech petrol station market, reports the Czech Television (CT). Proceedings will be needed for the expansion of the gas business.
October 3, 2011
Nabucco Bids for Gas Field in Azerbaijan
The Asiatic country will publish its decision by the end of 2011. Three candidates submitted their offers.
October 1, 2011
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