OMV Petrom, the largest integrated energy company in Southeastern Europe, announced Thursday, July 3, the discovery of a new ...

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.

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 ...

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.

Austria's OMV said on Tuesday that the country's gas supply situation had improved somewhat, with the reduction in deliveries now at around 40%.

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 has strong fundamentals, a solid yield, and attractive chemical JV prospects. Click here to read more about OMVKY stock ...

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 ...

Since the state of Austria owns 31.5% of OMV AG via the state holding ÖBAG, the government has been trying at times to influence the strategic decisions that OMV AG has been making, despite the ...