OMV Aktiengesellschaft / Report pursuant to section 65 para 1b inconjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act

This report is legally required in order to be able to transfer shares under the long-term, performance based incentive and compensation programs to employees and managers within OMV Group.

February 26, 2015

OMV CEO: 2014 Operating Results 'Solid'

Listed gas and oil group OMV posted a "solid operating result” for 2014, despite "a turbulent year” with some 50 percent drop in crude prices in H2 and security issues in Libya and Yemen, CEO Gerhard Roiss said in a comment to the figures out Thursday morning.

February 19, 2015

Gas Leak Forces Statoil and OMV to Halt Extraction in North Sea

Austrian listed oil and gas group OMV is struggling with technical trouble on an oil and gas field in the North Sea.

February 19, 2015

Analysts Expect OMV to Report EBIT, Net Profit Slip for 2014

Analysts of Erste Group and Raiffeisen Centrobank (RCB) predict that Austria’s listed oil and gas group OMV, due to publish its 2014 results on Thursday, will report a drop of both operating and net profits.

February 18, 2015

OMV to Step up Savings, Reduce Investments Over Crude Price Decline

Listed oil and gas giant OMV will step up the planned savings measures and reduce investments to EUR 2.53.0 billion per year in 2015-2017 because of the crude oil price that has fallen by more than a half since mid-2014, the company said.

January 29, 2015

OMV Books EUR 700 Mln Impairment in Q4 on Ofisi and Petrom Units

Listed oil and gas group OMV will book a net EUR 700 million impairment on its Q4 operating result related to Turkish unit Petrol Ofisi and Romanian energy activities of Romanian unit OMV Petrom, the company said in the quarterly report out Thursday morning.

January 29, 2015

OMV has New Gas Supply Contract with Gazprom

The gas trading subsidiary of OMV, EconGas has reached an agreement with Russian gas supplier Gazprom regarding the long-term adjustment of supply contracts, OMV announced on Wednesday. Details of the agreement have not been disclosed though.

January 28, 2015

OMV Wants to Raise Output in Yemen

Austrian oil and gas group OMV plans to increase the output in Yemen, from currently extracted 20,000 barrels per day to 30,000 barrels per day, it follows from a statement of Erwin Kröll, the OMV manager in charge of the region.

January 13, 2015

OMV: Charges Concerning Roiss Dismissal no Longer Pressed by Plaintiff

A report filed by heads of the employees councils of OBB and Asfinag, Roman Hebenstreit and Roman Grünerbl, on suspicion of breach of trust regarding the premature dismissal of OMV head Gerhard Roiss, was rejected by the prosecution office in charge.

December 22, 2014

OMV's Romanian Unit Petrom Finds New Oil/Natgas Deposit

Listed oil group OMV's Romanian unit OMV Petrom found a significant oil and natural gas deposit in a test drilling with the first results of tests on two geological layers indicating a production potential of 1.22.1 boe per day, the company said Wednesday.

December 17, 2014
Fast News Search