The latest energy industry and company news and analysis from FriedlNews
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Austrian Energy Industry Headlines

Austria to Spend EUR 5.6 Bln on Power Infrastructure by 2020

Austria has another EUR 5.6 billion (USD 6.2 billion) electricity infrastructure modernisation and development projects in the pipeline by 2020, energy market regulator E-Control head Martin Graf said.

June 29, 2015

SBO Shares Plunge After Weak Outlook

Shares in Schoeller-Bleckmann Oilfield (SBO) recorded a strong drop on Wednesday afternoon. Earlier the head of SBO, Gerald Grohmann, said in an interview for APA that both the second quarter and the whole year may be negative for the provider of oil field equipment.

June 24, 2015

EVN Power Set to Expand Environmental Operations in SEE

Listed Austrian utility EVN plans to further expand its environmental activities in SEE and is competing in tenders in Croatia and Serbia, according to EVN representatives.

June 19, 2015

OMV Wants to Participate in Gazprom's Pipeline Project "North Stream”

OMV wants to participate in the construction of two further branches of Baltic Sea pipeline "North Stream”, which transports Russian natural gas to Germany. Member of the executive board of OMV, Manfred Leitner signed a Memorandum of Understanding with the head of Gazprom, Alexej Miller in St.Petersburg.

June 18, 2015

OMV Oil & Gas Unit Borealis IPO Possible as Co-Owner IPIC Gets New CEO

Listed oil and gas group OMV's unit Borealis may be floated on the stock market under the new management at Borealis co-owner IPIC, OMV outgoing CEO Gerhard Roiss said.

June 16, 2015

Austria Number 4 in EU in Terms of Share of Renewable Energy

Austria is among the leaders in the utilization of renewable energy sources. With a share of renewable energy sources in total energy consumption amounting to 32.6 percent in 2013, Austria was number four in the European Union, according to the European Commission.

June 16, 2015

Austrians Pay More than Luxembourgians for Petrol

Luxembourg’s citizens buy petrol cheaper than Austrians do, in terms of price to earnings. In Austria people can buy for their net monthly salary by 50 percent more fuel than Italian can, and double as much as Hungarians, an expert of the Austrian automobile club (VCÖ), Markus Gansterer, estimates, citing Eurostat data.

June 15, 2015

OMV Working on New Nabucco?

According to an article featured by Presse daily on Friday, indicators show that oil group OMV is currently toiling at a ‘new Nabucco’ project. Instead of gas from the Caspian Sea the pipeline in question would transport Russian gas via Turkey.

June 12, 2015

Lukoil is Expanding its Location in Vienna

The Russian oil group Lukoil is expanding its location in Vienna and wants to entrust the Viennese Holding Lukoil International with the exploration and production business, generating sales of EUR 4.6 billion per year, CEO Vagit Alekperov told ‘Wiener Zeitung’.

June 8, 2015

OPEC in Vienna Decides to Keep Production Unchanged

The Organization of the Petroleum Exporting Countries (OPEC) today hosted its 167th Meeting of the OPEC Conference at the OPEC Secretariat in Vienna. Participants included OPEC Heads of Delegation and the Secretary General. There were some expectations that the production goal of 30 million barrels a day could move higher. However, the key issue the market was looking for will remain at 30 million barrels a day.

June 5, 2015