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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…
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OMV Buys Uniper’s Russian Field Stake
Austrian OMV is buying Uniper’s upstream stakes in Russia. The latter is backing away from E&P but, like OMV, has lost none of its ardour for Nord Stream 2. …
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Snam Profits Dip, Plans €5bn Capex
Italian gas grid Snam said March 7 it will invest some €5bn during 2017-2021. Of that €4.7bn will be in Italy, including to extend its grid length by 1%. Snam…
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OMV Buys Uniper Stake in Russia's Yuzhno Russkoye
Austria's OMV announced late March 5 it has signed an agreement to buy a 24.99% share in the Yuzhno Russkoye gas field from Germany's Uniper. OMV has agreed to pay $1,850mn (or &e…
