Oil and gas company OMV AG has presented plans to open dozens of discount petrol stations.The Vienna-based firm said today (Mon) it would do so by expanding its Avanti low-cost service station range in the coming years. OMV currently runs 22 such branches in Austria. The firm explained the plan was to manage 50 low-priced […]
Tag: OMV
OMV has discovered an enormous gas field in Australia.The Austrian energy sector giant said today (Thurs) the amount of gas suspected in the Zola 1 exploration zone on the north-western Australian coast may be enough to cover the whole of Austrias demand for four to five years. OMV which cooperates with international companies in […]
Gerhard Roiss, the new head of energy sector giant OMV AG, has hinted that the company will reform its strategy.The businessman, who took over from Wolfgang Ruttenstorfer as CEO today (Fri), announced yesterday he assigned a team of firm-internal experts to review and possibly adopt OMVs focus.Roiss explained it was likely that OMV will draw […]
An energy sector group and a lighting systems manufacturer are tied for first place in a survey assessing how Austrian businesses use their homepages to hire the best-qualified staff.Milan-based corporate communications consultancy Lundquist announced today (Mon) oil and gas firm OMV and Dornbirn-based Zumtobel headed the first Austrian edition of its Employer Branding Online Awards.OMV, […]
OMV boss rejects Libya pull-out appeals
Categories
OMV chief Wolfgang Ruttenstorfer has made clear a retreat from Libya is not on the firms agenda.The Austrian company is one of a few firms which are still getting oil from the North African country where the troops of political leader Muammar al-Gaddafi are combating opposition groups calling for democracy.Ruttenstorfer said yesterday (Weds) OMV would […]
Rising oil price fuels SBO earnings
Categories
Oil industry equipment maker Schoeller-Bleckmann Oilfield Equipment AG (SBO) said its earnings improved by almost 75 per cent last year.SBO announced it achieved earnings before interest and taxes (Ebit) of 49.4 million Euros in 2010, up by 74.8 per cent in a year. The Ternitz-based firms turnover rose by 22.3 per cent to 307.7 million […]
OMV head acquitted
Categories
OMV boss Wolfgang Ruttenstorfer has been found not guilty of insider trading.The former Social Democratic (SPÖ) state secretary faced three years in jail over suspicions he benefited from insider knowledge in a controversial stock purchase.Ruttenstorfer, who has headed the oil and gas company since 2002, acquired 26,500 OMV stakes worth 632,000 Euros in March 2009. […]
Oil and gas company OMV has withdrawn most of its staff from Tunisia, it has been reported.Dozens of people have died since last week when thousands of citizens took to the streets to demonstrate against the North African countrys regime.OMV told the Salzburger Nachrichten newspaper today (Thurs) that 54 of its 66 employees have preliminary […]
Austrian oil and gas giant OMV has taken over a competitors exploration activities in Tunisia.The Vienna-based company announced today (Thurs) it has transferred 610 million Euros to American firm Pioneer Natural Resources to take over its operations in the north African country. OMV said the executive board of its Tunisian subsidiary company signed contracts earlier […]
OMV boss to exit Roche supervisory board
Categories
Austrian businessman Wolfgang Ruttenstorfer has decided not to reapply for a place on the supervisory board of Swiss healthcare company F. Hoffmann-La Roche Ltd. (Roche).Ruttenstorfer, who has headed Vienna-based oil and gas group OMV for eight years, entered Roches supervisory board in 2007. The Swiss health industry giant will decide on who will follow the […]