OMV will present in February a new cost reduction program
The general manager of OMV, Rainer Seele, warned that the current program to reduce costs is not enough at an…
Germany helps Russia bypass Ukraine via Nord Stream 2
Gazprom and its European partners signed a shareholders’ agreement on the Nord Stream-2 gas pipeline project that will run beneath…
OMV talks with Bulgaria about gas transport from Romania
Officials of Austrian OMV Group, which controls Petrom, asked the representatives of Bulgartransgaz what are the opportunities of gas transport…
Wintershall’s Chairman will become CEO of OMV
Rainer Seele, chairman of the board from 2009 at Wintershall, the largest oil and gas producer in Germany, will take…
OMV Petrom announces reduction of investments by 20% – 35% in 2015
OMV Petrom will reduce its investment with percentages between 20% and 35% this year, mainly due to the sharp fall…
Ukraine Conflict forces Eastern states to stockpile gas
Eastern European nations from Poland to Serbia are boosting stockpiles of natural gas after Russia reduced deliveries during the armed…
OMV says Ukraine crisis will not hit South Stream pipeline (FT)
The stand-off between the west and Russia over Ukraine will not derail the planned Russian-led South Stream gas pipeline, according…
Niculae’s InterAgro fights to open two of the six plants
###author### Although the first two fertilizer factories would have had to reopen on August, 1, InterAgro delayed their restart for…
Romania needs courage and imagination to evolve into an international player
Romania has all the necessary ingredients in order to become a significant player in the international oil and gas industry.…
OMV sold its stake in Bayernoil refineries
OMV has closed the sale of its 45% stake in the German Bayernoil refinery network, another step in its downstream…
OMV and Gazprom “lay the pipe” for South Stream
Gazprom’s Chairman, Alexei Miller, and his counterpart from OMV, Gerhard Roiss, signed Tuesday the agreement to establish a joint company…
Oltchim privatization failed again
No investor of the four who have purchased the tender presentation for Oltchim has submitted a tender to purchase the…
Need to accelerate hydrocarbons exploring: Chevron, Exxon, OMV held talks with presidency
President Traian Basescu yesterday’s meeting with leaders of Western oil companies – Chevron , ExxonMobil and OMV is not at…