Czech Unipetrol Wants to Buy Petrol Stations of OMV and Shell

Czech Unipetrol, majority-owned by Polish oil group PKN Orlen, intends to buy up the petrol stations of Austria’s OMV and of Royal Dutch Shell in the Czech Republic, it follows from an interview Andrzej Kozłowski, head of strategies at PKN Orlen, to Czech newspaper Hospodarske Noviny.

November 24, 2015

OMV Defends Nordstream 2 Engagement

Listed oil and gas group OMV sees the opportunities in Russia, linked to the company's participation in gas pipeline project Nordstream 2 as "a big chance,” CEO Rainer Seele said defending the group's plans entailing cooperation with Russia's giant Gazprom.

November 10, 2015

OMV Suffers EUR 472 Mln Loss in Q3 over EUR 1 Bln Impairment

Listed oil and gas group OMV suffered a EUR 472 million (USD 515.4 million) net loss in Q3 2015, in line with expectations and worse than EUR 232 million net profit a year earlier, the company said. The deterioration of the net result came on EUR 1 billion impairment on exploration assets, related to strong crude price declines, that the group pre-announced in October trading statement.

November 5, 2015

OMV Aktiengesellschaft / Quarterly Report

OMV Aktiengesellschaft is declaring the following financial reports below.

November 5, 2015

OMV Unit Borealis Headed for Record Earnings in 2015, Pledges Higher Dividend

Chemicals group Borealis, a unit of listed oil and gas group OMV and Abu Dhabi based fund IPIC, will offer a higher dividend than in the previous years from 2015 earnings than in the previous years, CEO Mark Garrett said. The exact amount of the payout is yet to be decided upon.

November 4, 2015

OMV CFO David Davies to Be Replaced

CFO of oil and gas concern OMV, David Davies, is rumoured to be replaced before the end of his term of office, Presse daily reported on Wednesday, citing various sources. Apparently, job interviews with his potential successors are already underway. Davies is supposed to stay in office until March 2017.

October 29, 2015

OMV Wants to Sell 70 Petrol Stations in Czech Republic

Citing undisclosed independent sources the newspaper Lidove noviny reports that OMV is currently negotiating the sale of 70 petrol stations to Unipetrol, Czech arm of the Polish oil company PKN Orlen.

October 26, 2015

OMV Takes Over EconGas

OMV is taking over EconGas GmbH completely, the listed oil and gas company announced. Until now OMV was owner of a 64.25percent stake in EconGas, whereas EVN and Wien Energie hold 16.51 percent each. Energie Burgenland owns 2.73 percent of EconGas shares.

October 26, 2015

OMV: CEO Sees Russia and Middle East as Focal Points

The new CEO of OMV, Rainer Seele, has once again named the middle East and Russia as key areas for OMV. These two regions control cost-efficient deposits and OMV is involved in both of them, Seele pointed out towards Standard daily.

October 23, 2015

OMV Hit by Falling Oil Price

The listed oil group OMV produced 5 percent less oil and gas in the third quarter of this year. Sales decreased 7 percent, compared to the previous three months. Meanwhile, the price of oil has decreased further and it is unlikely to recover any time soon.

October 19, 2015