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OMV Petrom Seeks To Extend Shallow Water Production
Romania’s OMV Petrom announced September the start of a new drilling campaign costing €70mn in the shallow waters of the Istria oil and gas block in the Black Sea,…
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Black Sea Gas May Need Rethink, if Hungary Blocks Pipe: OMV
Hungary’s refusal to build its section of the BRUA pipeline will have implications for how OMV and ExxonMobil market their deepwater gas reserves offshore Romania, said OMV…
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Nord Stream 2 "Indispensable", says Defiant OMV Chief
Austrian energy group OMV chief executive Rainer Seele has insisted that the Gazprom-led Nord Stream 2 pipeline (NS2) project is “indispensable” to European gas…
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OMV Resumes Tunisia Work at Nawara
Work has resumed on a development onshore southern Tunisia that could boost the country's gas production by one-third by 2018. Tunisian protesters blockading OMV’s onshore…
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Naftogaz in Talks Over Joint Pipeline Management (Clarification)
(Provides additional descriptions of state of pipeline system, paragraph 9) Ukraine is discussing a joint venture with "reputable Western transmission system operators" to co-mana…
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Storage Operators Face Tough Times: Timera
Gas storage operators across Europe are confronting a harsh reality, as the seasonal price spread at the Dutch TTF hub has fallen from levels above €10/MWh a decade ago to…
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Yamal LNG Lowers Cost of Credit
Yamal LNG has signed agreements with European banks that have lowered its average cost of borrowing and improved shareholder value, it said June 13. The project is…
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OMV, Gazprom Discuss Black Sea LNG
Gazprom and OMV signed documents June 2 at the St. Petersburg International Economic Forum (Spief) to further develop their strategic partnership, including one on a small-sca…
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OMV, Gazprom Neft Eye Iran Cooperation
Russia’s Gazprom Neft and Austrian OMV signed a memo of understanding June 2 to work together to develop Iran’s upstream at the St Petersburg International Economic…
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Austrian OMV Makes Q1 Loss of $53.3mn
Austrian energy company OMV made a loss of €49mn ($53.3mn) in Q1 2017, up from last year's loss of €55mn for the same period, it said May 11, owing mainly to favourable…
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OMV Interim Earnings Beat Forecasts
Ahead of 1Q2017 results on May 11, Austria’s OMV late April 27 released unaudited earnings which it describes as “significantly above the analysts’ consensus.&rdq…
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Nord Stream 2 Finance Deal Agreed
The five companies investing as Gazprom's partners in the construction of Nord Stream 2 gas pipeline have agreed a finance structure, they said April 24 in separate statements. …
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Austria Hub Attains Monthly Record
Austria’s Central European Gas Hub (CEGH) said April 6 that a new all-time monthly record of 61.08 terawatt-hours of gas (5.7bn m3) was nominated at its CEGH Virtual…
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Total, Mubadala to Invest $1.7bn in US Gulf
France's Total is entering a partnership with Austria’s Borealis and Canada’s Nova – subsidiaries of Abu Dhabi state-owned Mubadala-IPIC – with the…
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New Name for OMV Shareholder
One of OMV’s two core shareholdings has been transferred, the Austrian oil and gas group said March 9. The 24.9% stake previously held by Abu Dhabi state-owned…
