OMV managed to raise earnings and turnover in the first half of this year.The Vienna-headquartered oil and gas firm said today (Weds) turnover soared by 31 per cent to 11,015 billion Euros compared to the first six months of 2009. Analysts expected the companys turnover to increase by just 25 per cent year on year.The […]
Robert F. Kennedy Jr. claimed Barack Obama has done an “excellent job” in reacting to the Gulf of Mexico oil spill.The environmental law expert said at a business event in Vienna last night (Weds): “Im convinced Obama will succeed with his plans of stepping on new ground in energy and climate issues. He did an […]
Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner will meet with mineral oil industry bosses and petrol station chiefs to discuss soaring fuel prices.More and more Austrian drivers are fuming as petrol stations upped prices shortly before the Easter and the Whitsun weekend holiday breaks.A vast majority of 90 per cent of Austrians even think firms […]
Austrian oil and gas producer OMVs chief Wolfgang Ruttenstorfer has said he expects his firm to have much better results this year than in 2009.Ruttenstorfer said today that predictions were difficult at present, especially given the recent sharp decline in the price of OMVs stock, but said the plunging Euro would be “positive” for the […]
Austrian Traffic Club (VCÖ) officials have claimed Austria was losing out on around 350 million Euros of annual revenues by not charging taxes on kerosene.VCÖ expert Martin Blum branded the situation an “indirect subsidisation of the aviation industry.”Blum said today (Weds) the government would garner around 355 million Euros per year if it decided to […]
Last month saw inflation rise at its most dramatic rate in more than one year, official figures released today (Fri) show.State agency Statistik Austria reported inflation rose by two per cent in March compared to the same month of 2009, the highest year on year increase since developments in November 2008.Soaring car fuel and heating […]
Burgenland tourism bosses hope for more stays at the provinces Lake Neusiedl this summer after lakeside overnights in January and February soared by 25 per cent year on year.Tourism shipping transfer services at the lake which is the second-largest steppe lake in Central Europe started this morning (Fri), and lakeside towns have invested […]
The prices of petrol and diesel-fuel in Austria are lower than the EU average, the Economics Ministry said today (Fri).The averge price of a litre of Eurosuper 95 petrol in Austria on 8 March had been 1.143 Euros, compared to the EU average of 1.295 Euros, a difference of 15.21 cents a litre.In addition, the […]
Austrian oil and gas producer OMV reported today (Thurs) that its net profit had declined by 58 per cent year on year to 572 million Euros in 2009.Turnover fell by 30 per cent year on year to 17.92 billion Euros last year. Analysts had expected a decline of 26.5 per cent in turnover and 65.2 […]
Heat-loving bacteria found in the Arctic seabed have their origins in oil springs and the depths of the Earth’s crust. This is the finding of a project supported by the Austrian Science Fund FWF, which used molecular biology to study “misplaced” bacteria such as these. The possibility that molecular biology could also help track down […]