Tag Archives: OMV

ADNOC announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company (Mubadala). The transaction accelerates delivery of ADNOC’s global chemicals growth strategy, and reinforces its status as a …

Austrian energy company OMV expects German gas prices to average around EUR 30-35/MWh this year, down from EUR 41/MWh in the previous year, it said on Thursday. The front-month contract on Germany’s THE hub was last seen trading around EUR 30/MWh, roughly half of the value seen one year ago. …

Equinor, an oil and gas company, has signed long-term gas supply deal with Austrian energy company OMV. Starting 1 October 2023, the five-year agreement will see Norway’s Equinor supply 12 terawatt-hour (TWh) of gas annually. Equinor said it will deliver the gas at the Trading Hub Europe in Germany. The …

The Nord Stream 2 gas pipeline should not be singled out and viewed “in isolation” given Europe’s continued need for all sources of gas supply, the head of Austria’s OMV said Feb. 3. Speaking after OMV released its fourth quarter results, CEO Alfred Stern said European gas demand would remain …

A working meeting between Alexey Miller, Gazprom´s CEO, and Rainer Seele, CEO of OMV, took place on Friday in Russia. The parties expressed appreciation for the strategic cooperation between Gazprom and OMV, noting in particular their successful collaboration on the development project for the Yuzhno-Russkoye field. The field’s annual design …

US sanctions against Nord Stream 2 challenge the attractiveness of investing in Europe, Chairman of Executive Board of Austria’s OMV, one of Gazprom’s financial partners on the project, Rainer Seele said during a conference call on Wednesday. “In any case, as a European company, we expect politicians to ensure Europe’s …

The Nord Stream 2 project will connect Russia'.s Ust-Lug and Germany'.s Greifswald.

It’s going to be a very long delay. because Russia doesn’t have the technology.

The gas pipeline will enable the Russian Federation to optimize gas supplies.

South Azadegan is estimated to hold 25.6 billion barrels of oil in place.