Energy Industry

Moscow Based Maurice Dijols Becomes Main Shareholder of C.A.T. Oil

French manager Maurice Dijols has revealed himself as the new 47.7 percent owner of the Austrian oil field specialist C.A.T.oil. Through his company Joma Industrial Source Corp he acquired Skible Holdings Limited, a "major indirect shareholder of C.A.T.oil” he announced on Thursday.

November 6, 2014

C.A.T. Oil Becomes Takeover Target of Joma Industrial Source Corp

C.A.T. Oil oil drilling firm C.A.T. oil has become a takeover target. The firm Joma Industrial Source has acquired 47.7 percent of the Austrian firm’s shares, it was announced on Friday. It is unclear as yet, who the firm is representing.

November 3, 2014

BioEnergy International Expands Business in the USA

Listed technology company BDI BioEnergy International AG has been awarded with a contract for a plant optimisation project in California by Crimson Renewable Energy LP. The contract volume is in the lower single-digit million Euro range.

October 20, 2014

OMV's Gerhard Roiss Resigns from his Position as Chairman and CEO

Tonight, the Supervisory Board of OMV AG and Gerhard Roiss have agreed that Mr. Roiss resigns from his position as Chairman of the Executive Board and CEO as of June 30, 2015. The chief executive is to step down two years earlier than expected. Also the energy group’s management team will be overhauled.

October 14, 2014

Dispute at OMV Supervisory Board

Listed oil and gas group OMV and the state holding ÖIAG are involved in a dispute concerning a new executive board member of OMV. A decision is expected during the supervisory board meeting slated for Tuesday.

October 13, 2014

OMV Executive Board Members Roiss and Floren have to Leave

Bang at Austria's largest industrial conglomerate. The contracts of OMV CEO Gerhard Roiss and fellow board member Hans-Peter Floren are apparently terminated prematurely.

October 9, 2014

OMV Aktiengesellschaft / Executive Board member Jaap Huijskes to leave OMV before the end of his current period of tenure

Today, Jaap Huijskes, member of the Executive Board responsible for Exploration and Production, informed the Chairman of the OMV Supervisory Board, Rudolf Kemler, that he has decided to leave OMV before the end of his current period of tenure on September 30, 2018. Jaap Huijskes intends to step down in the first half of 2016. His decision is based solely on private reasons.

September 16, 2014

Italian SNAM to Acquire TAG Gas Pipeline for EUR 505 Mln

The Italian gas pipeline operator SNAM is going to buy the alpine Trans-Austria-Gasleitung GmbH (TAG), a pipeline running through Austria and the Alps. The price of the pipeline stretch amounts to EUR 505 million, Italian media reports. Austria’s listed oil and gas group OMV holds an 11-percent stake in TAG.

September 15, 2014

Voestalpine to Supply Linepipe Plates for the Second South Stream Pipeline

This year sees the voestalpine Group securing its third major contract in the pipeline business. Following the first, now completed, contract for the Russian-European pipeline project South Stream, and for Rota 3, a pipeline project in Brazil, voestalpine will deliver 120,000 tons of sour-gas-resistant, high-strength linepipe plates for the second South Stream pipeline by spring 2015. The South Stream contract is not affected by sanctions. Further negotiations are also currently underway concerning extremely challenging pipeline projects.

September 5, 2014

Buwog: The ATX of the Vienna Stock Exchange has a New Member

At today's meeting, the Index Committee has decided on changes in the composition of Austrian stock indices. All changes become effective as of 22 September 2014. In the Austrian leading index, ATX, Mayr-Melnhof Karton AG will be replaced by BUWOG AG.

September 2, 2014
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