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OMV About to Relaunch Activities in Iran, NIOC Agreement Ready

After the suspension of sanctions imposed on Iran by the West, Austria’s oil and gas group OMV is busy with the relaunch of activities in that country which the Austrians find particularly promising. OMV signed a Memorandum of Understanding (MoU) with its Iranian peer NIOC in Teheran.

May 4, 2016

OMV Gets Green Light from EC for Full Takeover of unit EconGas

Listed oil and gas group OMV got the green light from the European Commission for the takeover of the remaining stake in its gas distribution unit EconGas, the EC said Monday.

May 2, 2016

SNAM of Italy Confirms Interest in Gas Connect

SNAM, the gas pipeline operator controlled by the state in Italy and majority shareholder of Trans Austria Gasleitung (TAG), has affirmed its interest in the acquisition of OMV subsidiary Gas Connect. The Italian company is apparently looking into the acquisition of a stake, if the sale of shares gets confirmed.

April 28, 2016

OMV Romanian Unit to Skip Dividend for 2015

Listed oil and gas group OMV's Romanian unit OMV Petrom will skip the dividend for 2015, the GM decided.

April 27, 2016

OMV Eyes Retaining Majority in North Sea Assets after Gazprom Deal

Listed oil and gas group OMV wants to retain the majority stake in its North Sea assets following the planned partnership with Russia's Gazprom, CEO Rainer Seele told the paper Industriemagazin.

April 25, 2016

OMV Reports More Output, Lower Margins

In Q1 2016 listed oil and gas group OMV reported lower refinery margins, but this was partly balanced by lower oil prices. Output exceeded production recorded in Q4 2015 and was also higher year on year. One-off costs were reported for the LNG segment, but Borealis was performing well, OMV declares in its Trading Statement published on Thursday.

April 21, 2016

EANS-General Meeting: OMV Aktiengesellschaft / Invitation to the General Meeting

Convocation of the Annual General Meeting of OMV Aktiengesellschaft on Wednesday, May 18, 2016, at 2:00 pm CEST (Local Time Vienna), at Congress Center Messe Wien, Reed Messe Wien GmbH, Messeplatz 1, 1020 Vienna, Austria.

April 20, 2016

OMV Takes Over Friesacher’s Petrol Stations

OMV’s purchase of 66 "Hofer” petrol stations from Markus Friesacher announced in December and approved by the antitrust authorities in January this year will be finalized by the end of April. This way OMV’s discount petrol station chain will be expanded to a total of 207 branches. The mineral oil company already operates 141 "Avanti” stations. This means that the discount chain will be almost as big as the premium chain OMV, which has 209 branches.

April 19, 2016

OMV Closes Development Wells in Norway, Confirms Potential

Listed oil and gas group OMV has concluded development wells in Norway. The potential of the Wisting area, estimated initially at 200500 million boe, has been confirmed, the company reported. Wisting is the most-northern location where oil has been found

April 7, 2016

OMV Sees a Lot of Interest in Unit Gas Connect from Potential Investors

Listed oil and gas company OMV reportedly enjoys interest of many potential investors in the stake in its unit Gas Connect Austria, Italian media report citing sources.

April 5, 2016