The German wind is downturning and the temperature is dropping.
The European immediate power prices rose on Thursday as a result of the forecasts that German wind production volumes would plummet, and because colder weather is on its way in France.
Austrian legal expert believes OMV can end gas contracts with Gazprom
Austrian energy company OMV can legally cancel a contract with Russia's Gazprom that lasts until 2040, according to an Austrian lawyer who was given access the contracts on Wednesday.
Sources: Austria's 50-year relationship with Gazprom is ended by the gas seizure
Five sources said that the Austrian group's seizure and payment of Russian gas to cover an arbitration award was what triggered the end of more than 50 years gas flow from Russian…
Front-year contracts are boosted by rising gas and carbon prices
The European power contracts for the year ahead were released on Thursday. They reflect higher carbon permits as well as gas contracts. The German power contract for the year ahead was up 3.1% to 94.25 Euros ($99.09)…
EUROPE GAS prices near a one-year high due to concerns about Russian supply and cold weather
The Dutch and British wholesale gas prices reached their highest intraday levels in almost a year on Thursday, amid concerns about Russian gas supply. Austrian energy group OMV…
OMV Sees Hope for Oil Price Recovery in Second Half 2020
Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by increased fuel demand and output cuts by producers such as Saudi Arabia, its…
Prospective Bidders for Eneco Narrows
The field of prospective bidders for Dutch energy company Eneco has narrowed as initial interest from big electricity players including France's Engie and Austria's Verbund has fizzled out…
OMV Optimistic Denmark Will Approve Nord Stream 2 Next Year
Austrian energy group OMV , one of the companies that is financing the Nord Stream 2 pipeline, is optimistic Denmark will approve the project next year and the new gas transport route will start operations late 2019…
Hess Has No Plans to Sell Remaining Asian Assets
U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive…
Russia's Gazprom, Austria's OMV Sign Gas Supply Deal Until 2040
Kremlin-controlled gas producer Gazprom and Austrian energy company OMV signed a new deal on Tuesday on Russian gas supplies to Austria through to 2040, a Reuters correspondent…
Austria's OMV Stands by Iran Project - Upstream Chief
Austrian energy group OMV said on Tuesday it had not halted its planned Iranian energy projects despite the U.S. withdrawal from an international nuclear agreement, but it had made…
OMV Head Says Nord Stream-2 Financing Hampered by US Sanctions
Financing of large Russian projects, such as gas pipeline Nord Stream-2, "became almost impossible" after the United States introduced new sanctions against Russia, the chief executive of Austrian energy company OMV…
Gazprom Wants More Than 25% of OMV North Sea Assets
Gazprom wants more than 25 percent of OMV's Norwegian North Sea holding company but is being prevented from taking a larger stake by Norway, the Russian company's deputy told Reuters on Thursday.
OMV Plans to Keep Majority in North Sea Assets
Austrian energy company OMV intends to keep majority stakes in its assets in the North Sea that will be part of an asset swap with Russia's Gazprom, the company said on Monday.
OMV Will Keep Refineries Out of Asset Swap
Austrian energy company OMV will exclude its refineries from an asset swap being negotiated with Russia's Gazprom, its chief executive told staff at its main refinery on Wednesday, a person familiar with the matter said.
Investors Line Up for OMV's Gas Grid Gas Connect Austria
Gas Connect Austria, the pipeline unit of Austrian energy group OMV, has drawn interest from several parties ahead of an auction that could value the asset at up to 750 million euros ($845 million)…
Nord Stream-II Delays Tender for Pipes
The Gazprom-led Nord Stream-II gas pipeline consortium has delayed the results of a tender for pipes from January to March-April, a source at a pipe supplier to Gazprom said on Monday.
OMV Wants Iran Expansion to Focus on Existing Oil Finds
Austrian energy group OMV wants its expansion in Iran to focus on the oilfields it has already discovered and it is prepared to invest only a limited amount there, Chief Executive Rainer Seele said on Monday.
Gazprom Signs Memorandum with OMV
Russia's Gazprom said on Friday it had signed a memorandum of understanding with Austrian energy group OMV on the supply of oil. The document reflects the intention of the parties…
Marathon, OMV Return Croatia Oil Licenses
Blow to Croatia, which is keen to boost its energy sector; OMV cites low oil price and investment slow-down. Houston-based Marathon Oil and Austrian energy group OMV returned seven…
