Seele: OMV does not expect Nord Stream 2 construction to resume soon
Austria’s OMV does not expect construction of Nord Stream 2 gas pipeline to resume soon, the oil and gas company’s…
Only 30% of OMV’s production comes from Petrom
The share of hydrocarbons extracted by OMV Petrom in the total production of the parent company, OMV, has halved in…
By February 2020, Transgaz wants to set up the company that will operate the Romanian gas hub
Transgaz has signed a cooperation agreement with the Austrian Central European Gas Hub AG – CEGH to establish the gas…
Rainer Seele, confirmed for two more years at the helm of OMV
The term of office of the current CEO and Chairman of the Executive Committee of the OMV, Rainer Seele, was…
Neptun Deep would add 70,000 bpd to the OMV account
Neptun Deep could become operational in 2024, increasing OMV production by 70,000 barrels per day (bpd) or nearly 11% of…
Seele, OMV: Russian gas supply via Nord Stream 2 pipeline to start by end of year
The first gas flow through the Nord Stream 2 is set to start no later than December 31 this year,…
OMV signs agreement with Gazprom for USD 1 bln. Achimov gas field
OMV signed an agreement with Russian gas producer Gazprom setting the price at $1 billion for the potential acquisition of…
OMV closes Q2 with soaring operating results
Austrian integrated oil and gas company OMV recorded a 44% increase in second-quarter operating income, revealed in its financial results…
OMV and Porsche Holding partner to boost CNG fuelling
OMV is investing up to EUR 10 million in the CNG network, with plans to upgrade the existing dispensers and…
OMV chief criticises US pressure over Russian gas pipeline
The head of OMV has accused the US of trying to “dictate” energy policy to its allies, calling on the…
Austria not backing away from Russian gas pipeline despite US threats
Austrian company OMV does not intend to back away from the Russian gas pipeline project Nord Stream 2 despite the…
Petrom and Romgaz will supply half of domestic gas output at capped prices
The main gas producers in Romania, OMV Petrom and Romgaz, are obliged by the National Regulatory Authority for Energy (ANRE)…
The Black Sea has a gas potential of over 200 billion cubic meters
The Black Sea has a potential of over 200 billion cubic meters of gas and 60 percent of Romania’s production…
Szijjártó: Hungarian firms have signed contracts with ExxonMobil and OMV
Hungarian Foreign Minister Péter Szijjártó said on Thursday in Târgu Mureş that Hungary wants to buy natural gas from Romania,…
The Bulgarian government extends the exploration license in the Black Sea of OMV, Total and Repsol
The exploration license for the Han Asparuh 1-18 perimeter of the Black Sea, owned by OMV, the main shareholder of…
OMV begins first major offshore project since buying Shell NZ
Austrian-based oil and gas company OMV has begun its first major offshore project since buying Shell’s New Zealand assets for US$578…
Gazprom shares fell after EU parliament seeked to block pipeline
Shares in Russian gas producer Gazprom fell on Thursday morning after the European Parliament voted to condemn its under-construction Nord…
French oil giant Total starts third drilling for gas and oil off Bulgarian coast
French oil giant Total and its partners Austria’s OMV and Spain’s Repsol have started drilling a third well in a…
Gazprom ups gas exports to Austria by 1 billion cubic meters
Russia’s Gazprom has agreed to increase contracted gas supplies to Austria by 1 billion cubic meters per year for the…
OMV postpones for 2019 the decision to invest in the offshore Black Sea project
Austria’s energy group OMV has postponed an investment decision on its Black Sea exploration project until next year because the…