Russia’s state-owned energy giant, Gazprom, has suspended natural gas deliveries to Austria, following a high-profile payment conflict with Vienna-based OMV, one of Austria’s largest utility companies. The dispute centers around an arbitration ruling that awarded OMV €230 million in damages for prior disruptions in gas supply. OMV sought to offset this amount against ongoing payments […]
OMV (Norge) AS has announced a significant gas discovery in the Norwegian Sea, further solidifying its position as a key energy supplier in Europe. The deepwater exploration well, located approximately 300 kilometers west of the Norwegian mainland and 65 kilometers from the Aasta Hansteen field, has revealed preliminary recoverable volumes of up to 140 million […]
In a significant development within the energy sector, OMV has announced the sale of its 50 percent stake in Malaysia’s SapuraOMV Upstream Sdn. Bhd. to TotalEnergies Holdings SAS. The deal, valued at an overall cash consideration of USD 903 million, subject to closing adjustments, is expected to be completed by the end of the first […]
In a significant development that underscores OMV’s commitment to operational excellence, the OMV Schwechat Refinery announced the successful completion of its routine Turnaround. This meticulous procedure encompassed a comprehensive inspection, maintenance, and modernization of the petrochemical unit and parts of the refining unit, ensuring continued safe and sustainable operations. Since June 2023, the petrochemicals unit […]
British oil and gas giant BP and Austrian energy company OMV have signed a long-term sale and purchase agreement (SPA) for the supply of up to 1 million tonnes of liquefied natural gas (LNG) annually over a 10-year period, beginning in 2026. Under this agreement, BP will supply OMV with LNG from its extensive and […]
Austrian oil and gas company OMV has announced a significant natural gas discovery, which marks the largest find of its kind in Austria over the past 40 years. The exploration well, named Wittau Tief-2a, took five months of operations to reach a final depth of 5,000 meters. “The positive result of our exploration is exciting […]
The Norwegian Ministry of Petroleum and Energy has approved 19 significant oil and gas projects on the Norwegian continental shelf, an investment exceeding NOK 200 billion ($18.5 billion), marking a significant step in the nation’s energy industry. These approved projects span new developments, enhancements of existing oil fields, and strategic investments for increased extraction at […]
OMV Petrom and Romgaz have sanctioned a final investment decision (FID) for the development of the Neptun Deep gas project in the Romanian Black Sea. With an anticipated expenditure reaching up to €4 billion, this move marks a significant investment in the Romanian energy sector. Neptun Deep is considered the largest natural gas project in […]
Aker BP and OMV (Norge) have forged a collaboration agreement for carbon capture and storage (CCS) and have secured the Poseidon CO2 storage licence on the Norwegian Continental Shelf (NCS) from the Norwegian Ministry of Petroleum and Energy. The CO2 storage licence awarded to Aker BP and OMV is in the Norwegian North Sea. Aker […]
Scottish offshore drilling contractor Odfjell Drilling has bagged a contract from Norske Shell for using the Deepsea Yantai drilling rig for a well plugging and abandonment campaign in the Norwegian North Sea. The Deepsea Yantai rig is owned by CIMC OFFSHORE and is managed by Odfjell Drilling. A total of nine wells at four different […]