Fuel prices exceeded 8 lei per liter in Romania and 2 euro in Germany
The price of fuels in Romania has recently exceeded the threshold of 8 lei per liter, according to data analyzed…
OMV joins large energy companies and withdraws from Russia
The Austrian group OMV announced on Saturday that it is withdrawing from Russia, being the latest energy company to make…
OMV has stopped talks with Gazprom on a gas field and revises role in Nord Stream 2
Austrian energy group OMV announced that it has abandoned plans to take over a stake in a Gazprom gas field…
OMV, an investor in the Nord Stream 2 project, convened the crisis team on Monday
OMV held a meeting of the crisis team on Monday, a spokesman for the Austrian energy group announced, Reuters reports,…
Russia has exported a record amount of gas through the Nord Stream 1 pipeline in 2021
Exports of Russian natural gas to Germany via the Nord Stream 1 pipeline remained at a record high in 2020…
MOL buys OMV’s retail network of 120 service stations in Slovenia
MOL Group reached an agreement with OMV to acquire OMV’s 92.25% stake in OMV Slovenija d.o.o., in which INA d.d.…
Alfred Stern will replace Rainer Seele at the helm of OMV
At Monday’s meeting, OMV’s Board of Supervisors appointed Alfred Stern as chairman of the company’s Executive Committee and CEO since…
Verbund buys 51% of Gas Connect Austria from OMV
OMV, the international, integrated oil, gas and chemicals company headquartered in Vienna, and Verbund, Austria’s leading electricity company and one…
M&A market in Romania decreased by 27% in 2020
The value of transactions registered in Romania, during 2020, decreased by 27% compared to 2019, to 1.7 billion euro, reveals…
Otilia Nuțu, EFOR: Nord Stream 2 will divide Europe
The Nord Stream 2 project does not bring a new source to the European energy market and does not have…
Zeilinger, OMV: Companies with deep pockets are needed to extract gas from the Black Sea
The Black Sea has the potential to become a major player in the European gas market, but companies with deep…
Austrian officials: Poisoning of Russian opposition politician Aleksei Navalny does not jeopardize the future of Nord Stream 2 gas pipeline
The poisoning of Russian opposition politician Aleksei Navalny does not jeopardize the future of the Nord Stream 2 gas pipeline,…
Orban: We will find the best solution to make the investment from the Black Sea
Prime Minister Ludovic Orban told Austrian investors that they could rely on a partnership with the Romanian government to develop…
OMV issues €1.25 bln. in bonds to finance the acquisition of the additional Borealis stake
OMV, the main shareholder of the most important Romanian oil and gas company, OMV Petrom, announced the launch of a…
Foodpanda delivers VIVA products from OMV stations
OMV Petrom, the largest energy company in South-Eastern Europe, and foodpanda, the largest food ordering platform in Romania, have entered…
EC approved the acquisition of Borealis by OMV
The European Commission has approved, according to EU merger regulations, the acquisition of plastics producer Borealis AG by OMV Aktiengesellschaft…
OMV intends to issue 1.5 billion euro bonds for the acquisition of Borealis
Austrian energy group OMV AG has announced plans to issue a new bond issue of up to €1.5 billion ($1.8…
Rainer Seele sees hope for oil price recovery in second half
Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by…
Decline of 25% of domestic gas production since early April
Domestic gas production continued its sharp decline in early May, falling by about 13% in just a few days, after…
OMV and Mastercard support five hospitals in Romania with food
OMV Petrom, the largest energy company in South-East Europe, continues to support the efforts of healthcare professionals in the fight…
OMV does not exclude the possibility of resorting to lay-offs due to the coronavirus crisis
Austrian OMV Group plans to expand its current four billion euro cost reduction program, said CEO Rainer Seele, who added…
OMV to sell its 287 gas stations in Germany
The Austrian energy company OMV wants to sell its 287 gas stations in Germany. The company announced its intentions in…
Popescu: OMV will not withdraw from the Black Sea project
Designated Minister of Economy, Virgil Popescu, claims that the issue of withdrawal from the Black Sea was not even approached,…