The latest oil and gas industry and company news and analysis from FriedlNews
Page 1/48

Austrian Oil and Gas 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

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

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

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

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