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.

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. ...

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.

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.

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 ...

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.

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 ...

OMV said Wednesday it has sufficient stocks to provide gas to its customers in case of a potential disruption by Gazprom, and said storage in Austria was more than 90% full.

OMV said in a media statement that the Wittau Tief-2a exploration well in lower Austria has hit natural gas. After five months of operation, the well was drilled to a final depth of 16,400 feet ...

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 ...

VIENNA (Reuters) – Austrian oil and gas company OMV said on Monday it is receiving roughly 70% less natural gas than it ordered after the biggest pipeline carrying Russian gas to Germany began ...

Austrian utility OMV says supplies from Russia’s state-owned natural gas company Gazprom stopped early Saturday after the company said it would stop payments for the gas following an arbitration ...