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

OMV Produced More Oil in Q2, Oil Prices Good for Performance

Listed resources group OMV produced more oil and gas in Q2 2015, in spite of continuing production standstill in Yemen and Libya. The increase has been attributed to output hikes in Norway and New Zealand.

July 23, 2015

Historic Iran Nuclear Deal Likely to be Announced Early Tuesday

Officials negotiating in Vienna's Palais Coburg say nothing is confirmed, but a deal will possibly come in the early hours of the morning. Iran’s Foreign Minister Mohammad Javad Zarif said an Iran nuclear deal would not be ready to be announced July 13, as China’s Foreign Minister urged the P5+1 and Iran to finalize the accord.

July 13, 2015

Fourteen CEE Countries Sign MoU on Integrated Gas Market

Austria and thirteen other European Union and Energy Community countries in Central Eastern Europe and South East European regions signed a memorandum of understanding in Dubrovnik on joint efforts to build up gas infrastructure links and resolve technical and regulatory issues in order to create an integrated energy market in the region.

July 10, 2015

Due to Nabucco Termination IT Service Provider Files for Insolvency

In the aftermath of the termination of the Nabucco project, IT service provider Danube IT Service GmbH was forced to file for insolvency.

July 10, 2015

Verbund Raises Profit Outlook to EUR 240 Million

Listed energy provider Verbund has increased its profit outlook for this business year. Instead of EUR 180 million (USD 198.8 million) the group expects to generate EUR 240 million, it was announced. In 2014 the company earned EUR 126 million.

July 9, 2015

Verbund Power Buys 50 Pct in Photovoltaics Firm Solavolta

Listed power group Verbund bought 50 percent in photovoltaic facilities builder Solavolta, Verbund said without disclosing the price.

July 8, 2015

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