Austrian oil and gas company OMV shared on Friday that it received a notice from Russia's Gazprom Export that the delivery of natural gas to Austria will be stopped completely on November 16.The Austrian company previously announced that it won an arbitration claim from Gazprom Export in a...
The merger deal between the Abu Dhabi National Oil Company (ADNOC) and OMV has stalled, the Financial Times reported on Friday. People familiar with the matter claimed that "the negotiations have cooled to allow both sides to navigate a series of disagreements."
One of the issues is a deal...
OMV Aktiengesellschaft stated at a press conference on Friday that it is studying the situation regarding the newly imposed limitations on PJSC Gazprom's foreign operations.
OMV added that the company already changed the way it is handling its business with Russia since that country's...
Abu Dhabi National Oil Co. (ADNOC) confirmed on Wednesday its intention to purchase a 24.9% stake in Austrian gas and oil company OMV from Mubadala Investment Co., estimated at about $4.1 billion.
ADNOC Managing Director and Group CEO Sultan Al Jaber said that the deal built “strong...
Austrian energy company OMV stated on Thursday that the amount of gas pumped through the Nord Stream pipeline has been restored to the levels delivered before the pipeline was shut off for maintenance. Currently, around 50% of the previously agreed gas deliveries are reaching Austria, OMV...
Austrian company OMV stated on Monday that Russian state gas company PJSC Gazprom informed it of a reduction in gas deliveries. Supplies from Russia via the Baumgarten hub have been reduced by 70%, OMV said.
Earlier today, Italian energy company Eni announced gas deliveries to the...
Austrian Federal Minister for the European Union (EU) Karoline Edtstadler noted on Thursday that the Austrian oil and gas company has "always paid for gas in euros, and will continue to do," despite Moscow's requests.
The minister reiterated Austrian support for the EU's sanctions against Russia,...
Austrian President Alexander Van der Bellen stated following talks with Russian President Vladimir Putin in Sochi on Wednesday that his country and oil and gas company OMV have no plans to quit the Nord Stream 2 gas pipeline project despite pressure coming from the United States.
At the same...
The Chief Executive Officer of the Austrian oil company OMV AG, Rainer Seele, told Handelsblatt on Tuesday that the letter sent to German companies by the United States Ambassador in Berlin, Richard Grenell, is an "unacceptable threat" that relies on "confrontation rather than cooperation." The...
Russian energy giant Gazprom decided to reduce its investment program by 11% in 2019, according to the company's board of directors meeting minutes released on Tuesday, which includes the draft budget for next year. The firm intends to narrow its investment budget compared to the...
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