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Austria Looks to Cut Its Dependence on Russian Natural Gas
Austria, one of the few EU countries still receiving Russian natural gas by pipeline, is looking to reduce its dependence on Moscow, including by seeking to end a long-term deal that Austria-based energy giant OMV has with Gazprom, Austrian Energy Minister Leonore Gewessler said on Monday.
read more... 13/02/2024
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Romania's OMV Petrom hails largest oil find in decades
Romania's OMV Petrom said it has made a series of oil and gas discoveries in southern Romania including its largest crude find "in decades". The discoveries could help the firm reduce the decline in its upstream production and increase the intake of domestic crude at its 85,000 b/d Petrobrazi refinery in Ploiesti.
read more... 15/06/2023
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Austria's OMV completes Nord Stream 2 loan
Austrian integrated oil and gas firm OMV is the latest financing partner on Russian state-controlled Gazprom's 55bn m³/yr Nord Stream 2 pipeline to confirm that disbursements to the project have ended.
read more... 09/04/2021
Oil Majors Look To Exit Tunisia
European oil majors Shell, Eni, and OMV are looking to sell their oil and gas assets in North African country Tunisia, sources in the industry told Reuters on Friday.
read more... 29/03/2021
Russia's Gazprom Export begins gas supply to OMV in Germany under long-term deal
Gazprom Export has begun to supply gas to the trading arm of Austria's OMV for delivery into the German market under a new long-term contract, the Russian company said Dec. 2.
read more... 03/12/2020