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Maersk Drilling Wins North Sea Contract
OMV (Norge) AS has awarded a one-well contract for the Maersk Integrator. PHOTO SOURCE: Maersk Drilling
7:00 PM EST | December 07, 2020
Gazprom Sets Date to Resume Nord Stream 2 Pipelay
Russia can probably get around the latest US sanctions against Nord Stream 2 and complete the controversial pipeline, according to industry executives and analysts.
7:00 PM EST | November 29, 2020
Abu Dhabi to Open Futures Exchange for Murban Crude
By selling its crude through futures, Abu Dhabi will let the market determine the price.
7:00 PM EST | November 08, 2020
Nord Stream 2 Urgency Diminishes
After two warm winters and the coronavirus pandemic, demand for gas used for heat and power generation is sagging across Europe.
8:00 PM EST | October 12, 2020
Libya May Double Oil Output Next Week
Libya took a major step toward reviving its battered oil industry by reopening its biggest field.
8:00 PM EST | October 11, 2020
$7.6B Fine Raises New Legal Questions for Gazprom
Poland's antitrust watchdog slapped a $7.6 billion fine on Gazprom PJSC over the Nord Stream 2 pipeline.
8:00 PM EST | October 08, 2020
Equinor Plans to Power Offshore Platforms with Wind
A rendering of the Hywind Tampen floating wind farm between the Gullfaks and Snorre licenses in the North Sea. Illustration copyright Equinor AS
8:00 PM EST | April 08, 2020
OMV Cuts Spending, Delays Projects
Employees who are critical to the business or supply security are the only ones working in the field.
8:00 PM EST | March 26, 2020
SapuraOMV Achieves First Gas from Larak Field Offshore Malaysia
SapuraOMV Upstream has achieved within budget first production from its Larak gas field offshore Malaysia under the SK408 Production Sharing Contract (PSC).
7:00 PM EST | January 12, 2020
Tunisia's Big Gas Field About to Start Pumping
Tunisia's biggest energy project -- a long-delayed, $1.2B joint venture with Vienna-based OMV AG -- will start producing natural gas by the end of the year.
7:00 PM EST | November 11, 2019
Kremlin Accuses Trump of Trying to Bully Europe into Buying US LNG
The Kremlin on Thursday rejected U.S. President Donald Trump's description of Germany as a "captive" of Russia.
8:00 PM EST | July 11, 2018
Austria's OMV to Invest in UAE Offshore Oilfields in $1.5B Deal with ADNOC
Austrian oil and gas group OMV said it will take a 20 percent interest in two oilfields off the United Arab Emirates under a $1.5 billion deal agreed with the Gulf state's national oil company ADNOC.
8:00 PM EST | April 04, 2018
OMV Ramps Up Search For Gas In Austria
OMV is ramping up its geological survey work in Austria with a view to increasing its market share.
7:00 PM EST | January 28, 2018
Qatargas Signs Deal To Deliver LNG To Austria's OMV
Qatargas agrees a sale and purchase deal with OMV.
7:00 PM EST | December 19, 2017
CEO: OMV To Become Bigger, Grow Marketing Outside Of Europe
OMV will expand further, focus on more value-added refined products and grow its marketing beyond Europe, its CEO says.
7:00 PM EST | December 19, 2017
Sharp Fall In Applications For Norway's Arctic Oil Permits
Norway's attractiveness as an oil region took a hit when energy authorities said 11 oil firms applied for stakes in exploration blocks in its latest oil licensing round
7:00 PM EST | December 04, 2017
OMV Flags Higher 3Q Margins, Kurdistan Windfall
OMV says its refining margin rose to $7.04 per barrel in the third quarter.
8:00 PM EST | October 12, 2017
Gas Pipeline Through Central Europe to Go Ahead As Planned -Romania
The pipeline, BRUA, will ultimately be able to carry 4.4 billion cubic meters of gas from Bulgaria and Romania to Austria by 2022.
8:00 PM EST | September 27, 2017
Austria's OMV Moves Workers In Tunisia Over Gas Field Protests
OMV has taken around 700 non-essential staff and contractors out of projects in southern Tunisia after protesters demanding jobs threatened to disrupt operations.
8:00 PM EST | May 03, 2017
OMV Acquires Yuzhno Russkoye Interest for $1.85B
OMV acquires a 24.99% participation interest in the Yuzhno Russkoye natural gas field from Uniper SE for a purchase price of $1.85 billion.
7:00 PM EST | March 05, 2017
OMV, Dana Energy Sign Iranian Oil, Gas MoU
OMV and Dana Energy Company sign a Memorandum of Understanding to evaluate possible upcoming development and re-development projects in the Iranian oil and gas industry.
7:00 PM EST | January 24, 2017
Gazprom, OMV Reach Basic Deal On Swap Of Norway, Siberia Assets
Gazprom and OMV agreed on a basic deal on Wednesday for a swap of a 38.5% stake in OMV's Norwegian unit for a 25% stake in a part of Gazprom's Urengoy gas field.
7:00 PM EST | December 13, 2016
OMV CEO Hopes For Asset Swap Deal With Gazprom Before Year-End
Austria's OMV is confident it can reach a basic agreement on a planned asset swap with Russia's Gazprom before year-end.
7:00 PM EST | November 16, 2016
OMV Says Wisting Arctic Discovery May Exceed 1B Barrels
OMV's Wisting discovery in the Barents Sea could contain more than 1 billion barrels of oil equivalents, potentially making it the largest find in the Norwegian Arctic so far.
7:00 PM EST | November 16, 2016
OMV To Sell UK Subsidiary for up to $1B
Integrated oil company OMV agrees to sell 100% of the shares in its wholly owned subsidiary OMV (U.K.) Limited to Siccar Point Energy Limited for an overall transaction value of up to $1 billion.
7:00 PM EST | November 08, 2016
OMV Sells UK Business In Retreat From Costly Exploration
OMV is selling its UK business to Siccar Point Energy, putting an end to the Austrian oil and gas group's exploration activities in Britain.
7:00 PM EST | November 07, 2016
Gazprom Wants More Than 25% Of OMV North Sea Assets
Gazprom wants more than 25% of OMV's Norwegian North Sea holding company but is being prevented from taking a larger stake by Norway, the Russian company's deputy told Reuters.
8:00 PM EST | September 14, 2016
Quadrant Fails to Find Hydrocarbons at Driftwood-1 Well in Carnarvon Basin
Quadrant Energy fails to find hydrocarbons at the Driftwood-1 prospect in permit WA-320-P in the Carnarvon Basin offshore Western Australia.
8:00 PM EST | August 15, 2016
OMV Intensifies Investment, Cost Cuts As Oil Price Weighs
OMV is cutting its investments and costs further to counteract low oil prices which have sent its adjusted second-quarter operating profit down 43 percent to $238.67 million.
8:00 PM EST | August 09, 2016
OMV Agrees To Sell 30% Stake In British Rosebank Field To Suncor
OMV has agreed to sell most of its 50% stake in the British Rosebank field to Canada's Suncor Energy.
8:00 PM EST | August 08, 2016
Polish Antimonopoly Office Says Nord Stream 2 Threatens Competition
Poland's antimonopoly watchdog a proposed joint venture by Russia's Gazprom and five European firms responsible for the construction of Nord Stream 2 would undermine competition.
8:00 PM EST | July 21, 2016
New OMV CFO to Start July 1
OMV Aktiengesellschaft's new chief financial officer, Reinhard Florey, will start his role July 1.
8:00 PM EST | May 12, 2016
OMV Q1 Adjusted Operating Profit Falls By Half
OMV's adjusted operating profit in Q1 fell 50% to $190 million as low oil prices keep gnawing at its upstream profit.
8:00 PM EST | May 10, 2016
OMV Increases Production in 1Q 2016
OMV Aktiengesellschaft's hydrocarbon production in 1Q increases by 1% over the previous quarter to 312,000 barrels of oil equivalent per day.
8:00 PM EST | April 20, 2016
Oil Firm Sequa Petroleum Calls Off Planned Deals with Total, OMV
Sequa Petroleum calls off 2 planned acquisitions of Norwegian offshore field interests, one from France's Total and the other from Austria's OMV, due to tough market conditions.
8:00 PM EST | April 18, 2016
OMV: Wisting Central II Achieves 5,000 Bopd Flow Rate
The Wisting Central II horizontal appraisal well in the Barents Sea achieves flow rates of over 5,000 barrels of oil equivalent per day.
8:00 PM EST | April 05, 2016
ADNOC, OMV, Occidental Sign Exploration Agreement in UAE
ADNOC, OMV, and Occidental Petroleum sign an agreement to conduct a four-year seismic, drilling and engineering work program for exploration, appraisal and potential field developments in Abu Dhabi.
8:00 PM EST | March 20, 2016
OMV Supervisory Board Chairman Resigns
OMV's Supervisory Board Chairman Peter Oswald announces that he will step down from May 18, 2016.
7:00 PM EST | March 03, 2016
OMV: New Strategy Focuses on Sustainable Upstream Business
Austria's OMV lays out a new strategy that focuses on safeguarding cash flow and a sustainable upstream business.
7:00 PM EST | February 17, 2016
Statoil Agrees to Acquire 30% Stake in New Zealand's PEP 57073
Statoil agrees to acquire a 30% working interest in Petroleum Exploration Permit (PEP) 57073 in New Zealand from OMV.
7:00 PM EST | February 16, 2016
Statoil Acquires 30% Stake in Exploration Permit PEP 57073 Off New Zealand
OMV farms out a 30 percent stake in exploration permit PEP 57073 in the Pegasus Basin offshore New Zealand to Statoil.
7:00 PM EST | February 15, 2016
Austria's OMV Aims to Sell Turkish Unit Petrol Ofisi
OMV seeks a buyer for its Turkish unit, Petrol Ofisi, in line with the firm's strategy of focusing on upstream and integrated downstream businesses.
7:00 PM EST | February 11, 2016
OMV Takes Fresh Charges as Cuts Oil Price Forecast
Low oil prices force OMV to take writedowns totalling EUR 1.8 billion ($2 billion), underlining the problems facing the company.
7:00 PM EST | January 28, 2016
OMV Appoints New CFO
OMV appoints Reinhard Florey as its new chief financial officer, effective August 1 2016, at the latest, according to a company statement.
7:00 PM EST | January 18, 2016
Investors Wary As Russian Pipeline Project Splits EU
Investors are wary of pouring money into a planned doubling of Gazprom's Nord Stream gas link to Germany, analysts said, amid doubts about regulatory approvals and deep political divisions.
7:00 PM EST | December 21, 2015
Sequa Calls Off Purchase of Norway Offshore Assets from Wintershall
Sequa Petroleum has called off a planned $602 million purchase of Norwegian offshore field interests from Wintershall, the oil and gas subsidiary of BASF, citing a poor market environment.
7:00 PM EST | December 21, 2015
Edvard Grieg Field Begins Production
The Edvard Grieg oil field, located in the Norwegian North Sea, begins production.
7:00 PM EST | November 29, 2015
Eastern Europe Focused Energy Firms Increase CAPEX
Nostrum Oil & Gas and PJSOC Bashneft increase capital expenditure in 9M 2015, bucking the trend of CAPEX reduction among energy firms amid the current lower oil price.
7:00 PM EST | November 23, 2015
The Upstream Investment Outlook of European Oil, Gas Firms
Rigzone looks at the current state of upstream investment among European oil and gas firms.
7:00 PM EST | November 23, 2015
Plan For Norway's Zidane Field May Be Presented In Summer 2016
A plan for developing Norway's Zidane natural gas field could be presented in the second or third quarter of 2016, according to an OMV representative.
7:00 PM EST | November 18, 2015