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 […]
OMV AG chief Gerhard Roiss has claimed that psychological aspects often matter more regarding the price of oil than fundamental grounds. Roiss called the increase of car fuel prices a “delicate topic”. He said the price for mineral oil might rather drop in the future than rise further. But Roiss also stressed that he was […]
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 […]
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 – […]
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 […]