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Austrian Oil and Gas Industry Headlines

OSCE: "Reliable, Affordable and Sustainable Energy Supplies are Prerequisite for Stability and Security"

Energy experts from the OSCE Mediterranean Partners for Co-operation, representing both government institutions and private sector companies, will begin a week-long field study of sustainable energy in Austria and Germany.

July 12, 2016

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

OPEC Member Countries Discuss Global Petroleum Development Strategies in Vienna

The 6th OPEC International Seminar, with the theme "Petroleum - An Engine for Global Development", aims to build on the previous events from the past decade. It is currently taking place at the Imperial Hofburg Palace in Vienna. The Seminar intends to underpin OPEC’s commitment to stabilize the international oil market by promoting cooperation and dialogue with stakeholders around the world.

June 3, 2015

Update: OMV Appoints Outsider Rainer Seele as New CEO

The head of German oil and gas producer Wintershall is going to transfer to Austria’s listed oil and gas concern OMV as of 1 July 2015, taking the place of Gerhard Roiss as CEO. The incumbent CEO is going to leave the company on 30 June. Seele’s appointment as new helmsman of the Austrian firm was hailed as a "corner stone for the company”, by supervisory board head Rudolf Kemler during the press conference. Seele has been appointed for three years and his tenure may get extended by another two years. During his time in Wintershall he managed to raise production by over a half to 385,000 boe/d. Seele is a German citizen. He did not want to disclose his plans for OMV.

March 30, 2015

OMV Appoints Outsider Rainer Seele as New CEO

The Supervisory Board of OMV appointed Rainer Seele (54) as the new Chairman of the Executive Board and CEO of OMV. Rainer Seele has accepted the appointment. He will assume the position effective July 1, 2015 for a three-year period, with an extension option for OMV for further two years. The current Chairman of the Executive Board and CEO Gerhard Roiss will resign from his position on June 30, 2015 as previously announced.

March 27, 2015

Schoeller-Bleckmann Oilfield Equipment AG / Sound result 2014 - High profitability in a volatile environment - Proposed dividend EUR 1.50 per share

Schoeller-Bleckmann Oilfield Equipment AG (SBO), generated sound results with high profitability in the 2014 financial year. Consolidated sales rose by 6.6%, to MEUR 488.6 (2013: MEUR 458.6). EBITDA grew by 9.3%, to MEUR 149.3 (2013: MEUR 136.5) and earnings before interest and taxes (EBIT) before one-off effects went up by 9.2%, to MEUR 106.7 (2013: MEUR 97.7). The EBITDA margin was 30.6% (2013: 29.8%), the EBIT margin before one-off effects was 21.8% (2013: 21.3%).

March 19, 2015

OMV Aktiengesellschaft / Announcement pursuant to section 82 para 9 Austrian Stock Exchange Act

OMV Aktiengesellschaft ("OMV" or "Company") intends to transfer treasury shares to members of the Executive Board and senior executives as well as potentials of OMV under the (i) Long Term Incentive Plan (LTIP) 2012 and the (ii) Matching Share Plan (MSP) 2014, based on the resolution of OMV's Supervisory Board of March 18, 2015 and the report pursuant to section 65 para 1b in conjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act which was published on February 26, 2015.

March 18, 2015

OMV's Gerhard Roiss Resigns from his Position as Chairman and CEO

Tonight, the Supervisory Board of OMV AG and Gerhard Roiss have agreed that Mr. Roiss resigns from his position as Chairman of the Executive Board and CEO as of June 30, 2015. The chief executive is to step down two years earlier than expected. Also the energy group’s management team will be overhauled.

October 14, 2014

Dispute at OMV Supervisory Board

Listed oil and gas group OMV and the state holding ÖIAG are involved in a dispute concerning a new executive board member of OMV. A decision is expected during the supervisory board meeting slated for Tuesday.

October 13, 2014

OMV Executive Board Members Roiss and Floren have to Leave

Bang at Austria's largest industrial conglomerate. The contracts of OMV CEO Gerhard Roiss and fellow board member Hans-Peter Floren are apparently terminated prematurely.

October 9, 2014