The listed oil producing company OMV increased its revenue in the first quarter of 2013 by 4 percent to 10.8 billion Euros compared to the same quarter of last year. The company not only managed to increase the revenue but also the net surplus by 52 percent to 951 million Euros. However, the surplus before […]
The bosses of Austria’s most powerful companies are earning much more this year than in 2011, according to a survey. The Labour Chamber (AK) said yesterday (Thurs) that the chiefs of the 20 Austrian firms which were listed on the Vienna Stock Exchange (WBAG) would rake in 1.3 million Euros on average in 2012, up […]
The head of Austria’s leading oil and gas company has appealed to political leaders to take a stand for gas as a key future source of energy. Gerhard Roiss, who has headed OMV AG since 2011, told the Kurier newspaper that the European Union (EU) should make clear whether it supported the search for and […]
People’s Party (ÖVP) Environment Minister Nikolaus Berlakovich has spoken out against plans to produce shale gas in Lower Austria. Large reserves of the substance may be located in rocks up to 6,000 metres below the surface in the north-eastern province of Lower Austria. Austrian oil and gas group OMV AG reportedly plans to carry out […]
Gazprom manager Alexander Medvedev has hit out at European politicians and competition watchdogs. Asked whether Eastern Europe (EE) must brace for another gas crisis this winter due to the conflict between his company and Ukraine, the Gazprom deputy chairman told Austrian newspaper Die Presse: “(The) energy (sector) has always been connected with politics, but not […]
OMV AG has produced more oil in the past months, according to the company’s latest trading statement. The Viennese company – one of the most powerful players on Central and Eastern Europe’s (CEE) energy sector – said today (Fri) it produced 283,000 barrels of oil a day in the third quarter of 2011, up from […]
OMV AG may shut dozens of petrol stations in Austria and Germany. Company chief Gerhard Roiss explained yesterday (Weds) the firm’s new efficiency programme should help save 700 million Euros by 2014. Roiss also said OMV would invest 2.4 billion Euros into its various fields of operation in the coming 10 years altogether. Roiss – […]
Energy sector giant OMV AG has managed to increase its turnover and profit although it was forced to scale back its activity at some of its most crucial production and exploration sites due to the unrest in the Arabian world.OMV said today (Weds) its turnover soared by 53 per cent to 8.07 billion Euros from […]
CAT Oil AG has managed to double its profit.The Austrian company which produces and offers services for the equipment for the oil and gas industry said today (Thurs) its net profit soared from 8.4 million Euros in 2009 to 19.5 million Euros the next year. Cat Oils turnover edged up by 0.3 per […]
OMV AG has started operating at an oil field in Tunisia after taking over an American rivals exploration activities in the North African country.The Austrian energy sector top dog said today (Weds) it carried out first drillings at the El Badr 5 field in Tunisia earlier this week. OMV explained it would produce 1,500 barrels […]