Austria has a long-established oil and gas industry, mostly run by OMV. Some 1,000 wells range over about 1,500 square miles of mostly flat land an easy drive from Vienna.

Austria's government — which owns 31.5% of OMV — framed the move as defiance against Russian attempts to blackmail the country, a common refrain from European leaders.

Austria's OMV on Saturday became the latest energy firmto pull back from Russia, saying it would take an anticipated 1.5-1.8 billion euro($1.6-$2.0 billion) hit as it seeks to distance itself from ...

Russian gas still reaching Austria despite OMV cut-off, data shows. By Jan Lopatka, Vladimir Soldatkin and Nina Chestney. November 18, 2024 6:00 PM UTC Updated November 18, 2024 ...

OMV AG said Saturday that it is further reviewing its activities in Russia because of the country’s war in Ukraine, which would lead to a 1.5 billion euro to 1.8 billion euro ($1.64 billion-$1. ...

Gas deliveries to Austria are falling again following a rise since Saturday but volumes are still above 30% of contractually agreed amounts, Austrian oil and gas group OMV said on Wednesday.

Russian gas apparently is still reaching Austria despite reportedly cutting off flows to top Austrian importer OM (OTCPK:OMVJF) over the weekend due to a contractual dispute, Reuters reported Monday.

Since 16 November 2024, Gazprom Export has stopped supplying gas to OMV. Prior to this, OMV received around 7,400 megawatt-hours per hour, equating to approximately 5TWh per month, at the Austria ...

WHEN HE became chief executive of OMV in September 2021, Alfred Stern had one word for Austria’s oil-and-gas major: plastic. Having previously run the concern’s chemicals division, Borealis ...

Austria’s top energy official said it’s up to OMV AG executives and shareholders whether to extricate the firm from a long-term Russian natural gas contract, now that it’s sufficiently ...

Austria’s OMV to continue to import Russian gas, chief says on whatsapp (opens in a new window) Save Sam Jones in Vienna. Published July 9 2023. Jump to comments section Print this page.