Oil and gas exploration equipment producer CAT oil AG has managed to raise its order volume in Russia.The Viennese firm, which is listed on the Frankfurt Stock Exchange (FWB), announced it received assignments from Russian oil and gas firms worth 222 million Euros as of today (Thurs), up by eight per cent year on year.”This […]
Austrians had to fork out almost six per cent more on household energy in November than in the same month of last year.The Austrian Energy Agency announced today (Mon) households had to spend 5.8 per cent more on gas, electricity and other products and services last month compared year on year. The authority added it […]
Oil heating causes 40 times more higher carbon dioxide (CO2) emissions than wood pellets systems, according to a new study.Pressure group proPellets Austria announced today (Fri) research by Bioenergy 2020+ and ARGE Renewable Energy Vienna / Lower Austria shows families heating their homes with oil could reduce their greenhouse gas emissions by 97.6 per cent […]
Soaring mineral oil prices have led to a two per cent year on year inflation rise, it has been reported.State agency Statistik Austria said today (Tues) that the October inflation rate would have reached just 1.4 per cent had mineral oil products like car fuel not become 15 per cent more expensive compared to the […]
A motorist association has called on the government to interfere in the Austrian mineral oil industrys price determination.Arbö criticised today (Mon) that one litre of regular car fuel was 4.5 Eurocent cheaper at a petrol station in Germany than at a station in the adjacent Austrian province of Salzburg despite higher mineral oil taxes in […]
Federal Railways (ÖBB) head Christian Kern has claimed that higher mineral oil taxes would be an immense help in the firm’s bid to sell more tickets.The businessman, who previously worked for electricity provider Verbund, told the Salzburger Nachrichten newspaper today (Thurs) he was convinced more people would switch to trains if car fuel taxes were […]
Motorists are infuriated after a survey revealed dramatic differences between prices charged for oil changes at garages in the province of Styria.The Labour Chamber (AK) announced today (Weds) its checks showed some garages demanded up to 210 Euros for changing a cars oil while others invoice only 28 Euros.AK, who tested an overall 57 repair […]
Mineral oil firm OMV has the highest-earning board members in Austria, a report has shown.The study by investors protection group IVA found that OMVs six-member board raked in 10.2 million Euros in “crisis year” 2009, up from 8.3 million Euros in the previous year.IVA examined Austrian firms quoted on the Vienna Stock Exchanges (WBAG) Prime […]
OMV has taken over a major competitors right to explore and produce gas in Pakistan, it has emerged.The Vienna-based oil and gas giant said today (Tues) it acquired the licence to produce gas in the Asian country by Malaysian firm Petronas.OMV said the purchase will increase its gas production in Pakistan to around 25,000 barrels […]
Austrian petrol firms pointing the finger at international trade developments are red-faced over revelations that they were behind soaring prices.The Federal Austrian Competition Authority (BWB) announced today (Fri) that domestic oil companies did not consider global price levels when it came to establishing the prices of diesel and regular fuel at petrol stations.BWB boss Theodor […]