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

OMV Q1 Total Oil and Gas Output Falls Y/Y and Q/Q, Refining Margin Up

Listed oil and gas group OMV saw its Q1 total hydrocarbon output fall by 5 percent q/q to 303k boe/day, less than 311k boe/day in Q1 2014, the company said in Q1 2015 trading statement out Thursday.

April 23, 2015

European Commission: Gazprom Might Have Abused Dominance in EU and CEE

Gazprom might have charged unfair gas prices and abused dominance, the European Commission (EC) has said after completing a probe into possible abuse of monopoly power by the Russian gas giant in certain Central and Eastern European countries.

April 22, 2015

Salzburg AG Generated EUR 49 Million Profit in 2014

The energy supplier Salzburg AG posted a solid profit in 2014, thus the company intends to pay nearly EUR 27 million (USD 28.64 million) in dividends to its shareholders: the province of Salzburg (43 percent), the city of Salzburg (31 percent) and Energie AG (26 percent). The company generated a revenue of EUR 1.28 billion, which was less than in 2013 (EUR 1.36 billion).

April 10, 2015

Environmental Business Sector Rose in Employment and Revenue Terms

Austria’s environment business increased employment by 2.4 percent to 185,122 fulltime equivalents and revenue by 0.8 percent to EUR 36.3 billion in 2013, Statistik Austria reports.

April 10, 2015

Austrian Plastics and Fertiliser Maker Borealis to Go Public?

The head of Austrian plastics and fertiliser maker Borealis, CEO Mark Garrett, said an interview for Reuters the firm was against a potential IPO as the firm was ‘satisfied with the current ownership structure. And yet, the stock listing remains an option, Garrett concedes.

April 10, 2015

OMV Eyes Business Opportunities in Iran After Nuclear Agreement

Listed oil and gas group OMV hopes for new business opportunities in Iran after the country and six major powers reached an outline agreement on Iran's nuclear programme. OMV could return to its natural gas project South Pars, should sanctions on Iran be relaxed.

April 7, 2015

Außenwirtschaft Austria: Iranian Oil Exports Expected to Hike Only Temporarily After Sanction Lift

Iranian oil might temporarily flood the market as a result of lifting the nuclear power programme ban imposed on that country, since Iran has huge reserves of the resource. However, once the reserves are used up it will need investments in oil fields, JBC expert Alexander Pögl reckons.

April 3, 2015

Setback for Tiwag’s Plans in Kaunertal

After a rejection from the Administrative Court, Tiwag’s plans for the expansion of the power plant in Kaunertal have been set back by the Federal Administrative Court. According to the Court’s decision that the land government as the body responsible for EIA investigation was obliged to reject Tiwag’s application "Tiroler Tageszeitung” reported.

April 3, 2015

State Holding OBIB Launches Competition for CEO Post

State holding OBIB, successor of OIAG, has announced a competition for the post of the group's CEO, in line with expectations.

April 1, 2015

OMV's Gerhard Roiss Earns EUR 4,46 Million in 2014

The departing head of oil and gas group OMV Gerhard Roiss has got a substantial remuneration for his work in 2014.

March 31, 2015