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 chief…
Austria's OMV, Russia's Gazprom Sign Pact
Austrian integrated oil and gas company OMV and Russian energy giant Gazprom have signed a Memorandum of Understanding (MoU) for cooperation on Liquefied Natural Gas (LNG).The two companies…
ADNOC Seals $5.8 bln Refining and Trading Deal with ENI, OMV
Italy's Eni and Austria's OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi National Oil Company's (ADNOC) refining business and establish a new trading operation…
Most of Nord Stream 2 Project to be Paid for by 2019 - OMV CEO
The Nord Stream 2 gas pipeline project connecting Russia to Germany will be 70 percent paid for by next year, the chief executive of Austrian oil and gas company OMV said on Friday.The project partners will likely make another cas
OMV, Sapura Energy Sign Pact
Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire half of Sapura Upstream for $1.6 billion."Under the agreements…
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…
Qatargas Inks Deal to Deliver LNG to Austria's OMV
State-run Qatargas on Wednesday agreed a sale and purchase deal with Austrian oil and gas group OMV to deliver up to 1.1 million tonnes of liquefied natural gas annually for five years.
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…
OMV Says It's Owed $148 Mln from Iran
The National Iranian Oil Company (NIOC) still owes Austrian oil and gas group OMV $148 million, OMV's exploration and production chief Johann Pleininger told a meeting of shareholders on Wednesday.
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.
Gazprom Says Nord Stream 2 Important for Europe
Russian gas firm Gazprom said its chief executive Alexei Miller met the head of OMV Rainer Seele on Tuesday and both sides said the Nord Stream 2 natural gas pipeline project was important for Europe's energy system.
Austrian Demand for Russian Gas Growing
At a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV AG, that took place in St. Petersburg…
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. "We plan…
Gazprom, OMV Join Forces
Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV AG, today signed in St. Petersburg a number of documents aimed at further…
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.
Nord Stream 2 project : Gazprom talks with BASF, ENGIE, OMV, Shell, Uniper
Zurich hosted today a number of working meetings of Alexey Miller, Chairman of the Management Committee of Gazprom, with Klaus Schaefer, Member of the Board of Management of E.ON and Chief Executive Officer of Uniper…
OMV Looks to Sell Turkish Unit Petrol Ofisi
Austrian oil group OMV said on Friday that it is putting its Turkish subsidiary Petrol Ofisi up for sale as part of its strategy to dispose of non-core assets. OMV is focusing on growth in its upstream business…
Austria's OMV Looks to Sell Turkish Unit Petrol Ofisi
Austrian oil group OMV said on Friday that it is putting its Turkish subsidiary Petrol Ofisi up for sale as part of its strategy to dispose of non-core assets. OMV is focusing on growth in its upstream business…
Nord Stream 2 Backers Must Explain Project Better
The consortium behind the proposed Nord Stream 2 expansion that would boost Russian gas supplies to Europe needs to do a better job easing fears the project will dent the region's energy security…
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.
