Alfred Stern will replace Rainer Seele at the helm of OMV
At Monday’s meeting, OMV’s Board of Supervisors appointed Alfred Stern as chairman of the company’s Executive Committee and CEO since…
Verbund buys 51% of Gas Connect Austria from OMV
OMV, the international, integrated oil, gas and chemicals company headquartered in Vienna, and Verbund, Austria’s leading electricity company and one…
M&A market in Romania decreased by 27% in 2020
The value of transactions registered in Romania, during 2020, decreased by 27% compared to 2019, to 1.7 billion euro, reveals…
Otilia Nuțu, EFOR: Nord Stream 2 will divide Europe
The Nord Stream 2 project does not bring a new source to the European energy market and does not have…
Zeilinger, OMV: Companies with deep pockets are needed to extract gas from the Black Sea
The Black Sea has the potential to become a major player in the European gas market, but companies with deep…
Austrian officials: Poisoning of Russian opposition politician Aleksei Navalny does not jeopardize the future of Nord Stream 2 gas pipeline
The poisoning of Russian opposition politician Aleksei Navalny does not jeopardize the future of the Nord Stream 2 gas pipeline,…
Orban: We will find the best solution to make the investment from the Black Sea
Prime Minister Ludovic Orban told Austrian investors that they could rely on a partnership with the Romanian government to develop…
OMV issues €1.25 bln. in bonds to finance the acquisition of the additional Borealis stake
OMV, the main shareholder of the most important Romanian oil and gas company, OMV Petrom, announced the launch of a…
Foodpanda delivers VIVA products from OMV stations
OMV Petrom, the largest energy company in South-Eastern Europe, and foodpanda, the largest food ordering platform in Romania, have entered…
EC approved the acquisition of Borealis by OMV
The European Commission has approved, according to EU merger regulations, the acquisition of plastics producer Borealis AG by OMV Aktiengesellschaft…
OMV intends to issue 1.5 billion euro bonds for the acquisition of Borealis
Austrian energy group OMV AG has announced plans to issue a new bond issue of up to €1.5 billion ($1.8…
Rainer Seele sees hope for oil price recovery in second half
Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by…
Decline of 25% of domestic gas production since early April
Domestic gas production continued its sharp decline in early May, falling by about 13% in just a few days, after…
OMV and Mastercard support five hospitals in Romania with food
OMV Petrom, the largest energy company in South-East Europe, continues to support the efforts of healthcare professionals in the fight…
OMV does not exclude the possibility of resorting to lay-offs due to the coronavirus crisis
Austrian OMV Group plans to expand its current four billion euro cost reduction program, said CEO Rainer Seele, who added…
OMV to sell its 287 gas stations in Germany
The Austrian energy company OMV wants to sell its 287 gas stations in Germany. The company announced its intentions in…
Popescu: OMV will not withdraw from the Black Sea project
Designated Minister of Economy, Virgil Popescu, claims that the issue of withdrawal from the Black Sea was not even approached,…
Seele: OMV does not expect Nord Stream 2 construction to resume soon
Austria’s OMV does not expect construction of Nord Stream 2 gas pipeline to resume soon, the oil and gas company’s…
Only 30% of OMV’s production comes from Petrom
The share of hydrocarbons extracted by OMV Petrom in the total production of the parent company, OMV, has halved in…
By February 2020, Transgaz wants to set up the company that will operate the Romanian gas hub
Transgaz has signed a cooperation agreement with the Austrian Central European Gas Hub AG – CEGH to establish the gas…
Rainer Seele, confirmed for two more years at the helm of OMV
The term of office of the current CEO and Chairman of the Executive Committee of the OMV, Rainer Seele, was…
Neptun Deep would add 70,000 bpd to the OMV account
Neptun Deep could become operational in 2024, increasing OMV production by 70,000 barrels per day (bpd) or nearly 11% of…
Seele, OMV: Russian gas supply via Nord Stream 2 pipeline to start by end of year
The first gas flow through the Nord Stream 2 is set to start no later than December 31 this year,…