Energy

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Analysis: Hungarian Deal with Russia Gives Hungary Enough Gas for 3-5 Years

Gas that Hungary can requisition from Russia under an agreement reached recently will be enough to last 3-5 years, Minister of Foreign Affairs and Trade Peter Szijjarto said on public television.

Yesterday

Eder: Voestalpine Can Bear the Consequences of South Stream Fiasco

The listed steel group voestalpine doesn't have to prepare for contraction due to Russia's withdrawal from the South Stream project. "South Stream is not relevant for earnings” the head of the group Wolfgang Eder declared on Thursday.

February 26, 2015

Sefcovic: "Russia Will Remain Important Energy Supplier to the EU"

Russia will remain a very important energy supplier to the European Union, said European Commission Vice-President Maros Sefcovic at a meeting with journalists on the occasion of the presentation of the European Energy Union .

February 25, 2015

EVN Seen Raising Net Profit to EUR 87.8 Mln in Fiscal Q1

Listed power group EVN will likely post EUR 87.8 million (USD 99.2 million) in Q1 FY 2014/15 net profit, up by 65 percent y/y, RCB analysts predict ahead of the release of the report slated for Thursday.

February 24, 2015

Magna Sells Styrian Battery Plant to Samsung

Magna Steyr Battery Systems (MSBS) in Zettling near Graz will be sold to Samsung SDI, a spokesperson of Magna, Ana Topolic confirmed on Tuesday.

February 24, 2015

C.A.T. Oilfield Services Supervisory Board Steps Down

Listed oilfield services group C.A.T. oil's supervisory board stepped down, ahead of the dismissal that was planned for the GM slated for next week, the company said in a filing.

February 20, 2015

OMV CEO: 2014 Operating Results 'Solid'

Listed gas and oil group OMV posted a "solid operating result” for 2014, despite "a turbulent year” with some 50 percent drop in crude prices in H2 and security issues in Libya and Yemen, CEO Gerhard Roiss said in a comment to the figures out Thursday morning.

February 19, 2015

Gas Leak Forces Statoil and OMV to Halt Extraction in North Sea

Austrian listed oil and gas group OMV is struggling with technical trouble on an oil and gas field in the North Sea.

February 19, 2015

Analysts Expect OMV to Report EBIT, Net Profit Slip for 2014

Analysts of Erste Group and Raiffeisen Centrobank (RCB) predict that Austria’s listed oil and gas group OMV, due to publish its 2014 results on Thursday, will report a drop of both operating and net profits.

February 18, 2015

Burgenland Holding Set to Propose EUR 2.7 in DPS from 2013/14 Profit

Listed firm Burgenland Holding wants to maintain the dividend level with the management set to propose EUR 2.7 (USD 3.1) in DPS from 2013/14 profit, the company said. Thus, the holding would distribute a total of EUR 8.1 million to its shareholders.

February 5, 2015