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Oil Industry

OMV Aktiengesellschaft / Announcement pursuant to section 82 para 9 Austrian Stock Exchange Act

OMV Aktiengesellschaft ("OMV" or "Company") intends to transfer treasury shares to members of the Executive Board and senior executives as well as potentials of OMV under the (i) Long Term Incentive Plan (LTIP) 2014 and the (ii) Matching Share Plan (MSP) 2016, based on the resolution of OMV's Supervisory Board of March 22, 2017 and the report pursuant to section 65 para 1b in conjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act which was published on March 8, 2017.

March 22, 2017

OPEC in Vienna Decides to Keep Production Unchanged

The Organization of the Petroleum Exporting Countries (OPEC) today hosted its 167th Meeting of the OPEC Conference at the OPEC Secretariat in Vienna. Participants included OPEC Heads of Delegation and the Secretary General. There were some expectations that the production goal of 30 million barrels a day could move higher. However, the key issue the market was looking for will remain at 30 million barrels a day.

June 5, 2015

OPEC Member Countries Discuss Global Petroleum Development Strategies in Vienna

The 6th OPEC International Seminar, with the theme "Petroleum - An Engine for Global Development", aims to build on the previous events from the past decade. It is currently taking place at the Imperial Hofburg Palace in Vienna. The Seminar intends to underpin OPEC’s commitment to stabilize the international oil market by promoting cooperation and dialogue with stakeholders around the world.

June 3, 2015

Update: OMV Appoints Outsider Rainer Seele as New CEO

The head of German oil and gas producer Wintershall is going to transfer to Austria’s listed oil and gas concern OMV as of 1 July 2015, taking the place of Gerhard Roiss as CEO. The incumbent CEO is going to leave the company on 30 June. Seele’s appointment as new helmsman of the Austrian firm was hailed as a "corner stone for the company”, by supervisory board head Rudolf Kemler during the press conference. Seele has been appointed for three years and his tenure may get extended by another two years. During his time in Wintershall he managed to raise production by over a half to 385,000 boe/d. Seele is a German citizen. He did not want to disclose his plans for OMV.

March 30, 2015

OMV Appoints Outsider Rainer Seele as New CEO

The Supervisory Board of OMV appointed Rainer Seele (54) as the new Chairman of the Executive Board and CEO of OMV. Rainer Seele has accepted the appointment. He will assume the position effective July 1, 2015 for a three-year period, with an extension option for OMV for further two years. The current Chairman of the Executive Board and CEO Gerhard Roiss will resign from his position on June 30, 2015 as previously announced.

March 27, 2015

OMV Aktiengesellschaft / Announcement pursuant to section 82 para 9 Austrian Stock Exchange Act

OMV Aktiengesellschaft ("OMV" or "Company") intends to transfer treasury shares to members of the Executive Board and senior executives as well as potentials of OMV under the (i) Long Term Incentive Plan (LTIP) 2012 and the (ii) Matching Share Plan (MSP) 2014, based on the resolution of OMV's Supervisory Board of March 18, 2015 and the report pursuant to section 65 para 1b in conjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act which was published on February 26, 2015.

March 18, 2015

OMV Aktiengesellschaft / Report pursuant to section 65 para 1b inconjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act

This report is legally required in order to be able to transfer shares under the long-term, performance based incentive and compensation programs to employees and managers within OMV Group.

February 26, 2015

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

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

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

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

MOL Group Acquires 208 Filling Stations in Three CEE Countries

MOL Group’s retail network grows to almost 2,000 service stations across 11 countries. The Group’s market presence expands significantly in the Czech Republic, Slovakia and Romania. Retail network expansion further strengthens MOL Group’s role in CEE.

May 9, 2014

MOL: Oil Supply to Hungary not Endangered

According to Hungarian oil and gas enterprise MOL, the supply to Hungary is not endangered by the delivery stop of Russian oild products passing through Ukraine.

May 9, 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

Ten Capital Market Themes for 2014 by Raiffeisenbank

Leading indicators show a recovery of global growth.

December 11, 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

OMV: Problems in Libya Slow Down Production

The total production of OMV in the second quarter of 2013 has decreased compared to the same period of time in the previous year and the first quarter of the current year.

July 24, 2013

OMV Takes Up Production in Libya Again

OMV update on production in Libya.

July 15, 2013

OMV to Shut Down Production in Libya

Statement on OMV’s production in Libya.

July 11, 2013

OMV Signs Deal with ADNOC

OMV signs upstream exploration agreement with the Abu Dhabi National Oil Company.

June 24, 2013

Croatia: OMV Closed Sale

OMV concluded the sale of 62 gas stations in Croatia.

June 4, 2013

OMV to Sell Nabucco Shares

OMV sells part of Nabucco West shares to GDF SUEZ.

May 28, 2013

OMV: Investments in Austria to Increase to € 450m

With extra investments OMV intends to improve the exploration of domestic production fields. However, there are currently losses in the gas business.

May 7, 2013

Romania: OMV Petrom, Exxon And Transgaz To Team Up

According to Romanian officials, OMV Petrom, Exxon and Transgaz might partner to transport the Black Sea gas onshore.

April 30, 2013

OMV and Repsol Searching for Oil in Romania.

Petrom, the Romanian subsidiary of OMV and the Spanish Repsol Group have agreed on a joint venture in Romania. Investments estimated at approximately EUR 50 mn in the next two years.

February 23, 2013

Slovakia Wants to Strengthen Co-Operation with Austria

After a meeting between Slovak Prime Minister Robert Fico and President of Austria´s National Council Barbara Prammer, both emphasized their willingness to realize more common projects in future.

January 14, 2013

Petrom: Major Gas Deal Signed

OMV Petrom exploring shallow water sector of Neptun block in the Black Sea.

December 22, 2012

OMV Sells Its Marketing Subsidiary in Bosnia-Herzegovina

With this move, OMV Refining & Marketing has completed the next step in implementing the defined divestment program that contributes to reduce the weighting of the Refining and Marketing division in the overall OMV portfolio.

November 30, 2012

OMV Focuses on Black Sea and North Sea

By 2020, the Austrian oil and gas group will ship natural gas from the Black Sea to Austria. Investments in the North Sea region are being fostered.

November 24, 2012

OMV to Expand Production

Until 2016, the Austrian gas and oil group intends to enhance the daily production up to 350,000 barrels.

November 22, 2012

OMV Fosters its Presence in the UK

The Austrian oil and gas group has been awarded 16 exploration blocks and part-blocks in one of its core growth markets West of Shetlands.

November 9, 2012

OMV: Good Performance Expected

The Austrian oil and gas group will publish the results for the first nine months tomorrow.

November 6, 2012

Three Austrian Companies Among Europe´s Top 300

The oil and gas group OMV, the construction group Strabag and the steel group voestalpine are Austria´s biggest industrial companies.

October 29, 2012

OMV Announces Production Growth

Due to recovery of production in Yemen, OMV´s oil output was up substantially.

October 19, 2012

Rudolf Kemler New Supervisory Board President of OMV

Result of OMV‘s Extraordinary General Meeting 2012: The chairman of ÖIAG (Austrian Industrial Holding) was elected as a member of the Supervisory Board.

October 9, 2012

OMV Expands in Pakistan

OMV and Latif joint venture partners sign lease deed for the development of Latif gas field in the province of Sindh, Pakistan. Latif field production will contribute around 6,000 boe/d of production to OMV in 2014.

October 5, 2012

OMV Considers Joining Tanap

The Austrian oil and gas company intends to invest up to $ 7.0bn in the Turkish-Azeri project.

September 25, 2012

MOL Announces Massive Investments in Hungary

The Hungarian oil group plans to make investments of € 1.1bn in the next three years.

September 25, 2012

OMV Issues Eurobonds Worth € 1.5bn

OMV raises € 1.5bn in long-dated Eurobonds and announces tender offers for its 2014 Eurobond as well as its 2014 and 2016 Schuldschein loan notes to further extend its debt maturity profile.

September 19, 2012

OMV Sells 15% Stake in CEGH to Slovak Eurstream

The Austrian oil company reduced its share in Central European Gas Hub from 80% to 65%.

September 14, 2012

INA Underlines Interest in OMV´s Petrol Stations

The Croatian oil group wants to take over the petrol station business of Austrian OMV in Croatia and Bosnia.

September 12, 2012

Romanian Romgaz to be Privatized

The privatization of Romgaz at Bukarest Stock Exchange may become Romania´s biggest IPO. According to the Romanian news agency hotnews, other big privatizations in Romania may be postponed.

September 10, 2012

Takeover of OMV´s Petrol Stations: INA Faces Legal Restrictions

The Austrian OMV Group plans to withdraw from Croatia and Bosnia. The Croatian subsidiary of MOL is interest in OMV´s petrol stations, but may face legal restrictions from a competition law point of view.

September 7, 2012

Croatian INA Submits Offer to OMV

Austrian OMV sells its petrol station business in Croatia and Bosnia. The Croatian subsidiary of Hungarian MOL has submitted a binding offer.

September 5, 2012

OMV Starts Gas Drillings in Ukraine

Together with the U.S. oils group ExxonMobil, the Dutch-British Shell Group, and the Ukrainian Nadra Ukrayny, OMV´s subsidiary Petrom starts natural gas drillings in the Ukrainian Black Sea region.

August 17, 2012

OMV to Focus on Gas Business

The Austrian oil and gas company intends to exploit natural gas in proximity to Europe. The Black Sea and the North Sea are the strategically most important areas.

August 8, 2012