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OMV AG (OMVKY.PK)

OMVKY.PK on OTC Markets Group

42.27USD
24 Apr 2017
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$0.91 (+2.20%)
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Latest Key Developments (Source: Significant Developments)

Uniper and four European energy companies sign Nord Stream 2 gas pipeline financing
9:37am EDT 

April 24 (Reuters) - Uniper SE ::Uniper and four European energy companies sign financing agreements with the developer of the Nord Stream 2 pipeline project.Uniper has committed to provide financing for up to 950 million euros ($1.03 billion) reflecting 10% of total cost of project, which is currently estimated to be 9.5 billion euros.About 30% of such financing will be covered by a long-term funding facility, expected to be drawn down by Nord Stream 2 AG in 2017..In addition, uniper is currently investigating a potential partnering approach to share uniper's engagement in financing of Nord Stream 2 project.  Full Article

Odfjell Drilling in rig deal with OMV
Friday, 21 Apr 2017 06:48am EDT 

April 21 (Reuters) - Odfjell Drilling Ltd :Deepsea Bergen rig signs a one well contract with OMV.Signed a firm contract with OMV for one firm "high pressure high temperature"-well ("hpht-well") in pl 644 plus options for two additional hpht-wells on norwegian continental shelf.Contract commencement is scheduled to q1 2018 and has an expected duration of approx. 100 days (excluding options).  Full Article

OMV invests around 110 million euros in Schwechat refinery
Tuesday, 11 Apr 2017 06:05am EDT 

OMV AG :Invests around 110 million euros ($116.64 million) in Schwechat refinery as part of 2017 turnaround.  Full Article

Lundin's incoming CFO says may raise output forecast
Thursday, 16 Mar 2017 06:48am EDT 

Lundin Petroleum's incoming CFO Teitur Poulsen told an energy conference in Oslo on Thursday: Retains current Norway production guidance of 70,000-80,000 boepd for the time being . Lundin could potentially revise output guidance when presenting Q1 results due to higher output from Edvard Grieg field than previously expected, but need to asses more data . Lundin has earlier announced plans to spin off its non-Norwegian business Further company coverage: [LUPE.ST] (Reporting by Nerijus Adomaitis, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

OMV says Petrol Ofisi sale to weigh on clean CCS EBIT
Monday, 6 Mar 2017 05:38am EST 

OMV AG says : there will be an approximately 100 million eur negative impact in clean CCS EBIT following the divestment of OMV Petrol Ofisi - analyst presentation . unit production costs in Yuzhno Russkoye are expected to be below 2 USD per barrel of oil equivalent on average for the contracted period - analyst presentation . Yuzhno Russkoye gas will be sold to Gazprom, volumes will be 50 percent sold domestically at Russian domestic price netback and 50 percent at German import price netback - analyst presentation Further company coverage: [OMVV.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 53112 255;)).  Full Article

Uniper does not rule out smaller portfolio adjustments
Monday, 6 Mar 2017 03:40am EST 

Uniper : Says sale of gas field stake leads to negligible writedown . Says does not rule out smaller portfolio adjustments, but has nearly reached target in terms of asset disposals Further company coverage: [UN01.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

OMV says talks with Norway on Gazprom asset swap to start in summer
Thursday, 16 Feb 2017 05:00am EST 

OMV Ag : OMV upstream chief says Libya potential output is 40,000 boe/d . OMV downstream chief says negotiations about LNG from Middle East ongoing . OMV CEO says on asset swap with Gazprom: talks with Norway, Russian regulators to start in summer . OMV CEO says wants cost per barrel under $12 . OMV downstream head says regarding Nord Stream 2 still working with partners on new consortium structure . OMV upstream head says 350,000 boe/d will be reached by end-2018/early 2019 with Libya output Further company coverage: [OMVV.VI] (Editing by Jason Neely) ((Shadia.Nasralla@thomsonreuters.com;)).  Full Article

Romanian OMV Petrom Q4 net profit up at 162 mln lei, below market forecast
Thursday, 16 Feb 2017 01:55am EST 

Romania's top oil and gas firm OMV Petrom , controlled by Austria's OMV : Posts fourth-quarter net profit attributable to shareholders of 162 million lei ($38.07 million), compared with a loss of 1.68 billion lei reported for the same quarter of 2015. . Analysts expected it to report a fourth-quarter net profit of 510 million lei. . Says group's EBIT stood at 335 million lei in the fourth quarter, compared with a loss of 1.8 billion lei in the same period of the previous year. . Says will propose to shareholders the distribution of a dividend of 0.015 lei per share for 2016. . Overall in 2016, net profit attributable to shareholders rose to 1.04 billion lei, from a loss of 676 million in 2015, due to strict cost management. . Says expects CAPEX including capitalized exploration and appraisal for 2017 to stand at 800 million euros, up 40 percent on the year, with the bulk dedicated to Upstream. Further company coverage: [ROSNP.BX] ($1 = 4.2548 lei) (Reporting by Luiza Ilie) ((luiza.ilie@thomsonreuters.com; +4021 305 5262; Reuters Messaging: luiza.ilie.thomsonreuters.com@reuters.net)).  Full Article

Lundin Petroleum says Norway's Grieg field producing above capacity
Monday, 13 Feb 2017 07:49am EST 

Lundin Petroleum COO Nick Walker told an investor briefing on Monday: Norway's Edvard Grieg field has been producing at a daily rate of 110,000 barrels of oil during the last few days, 10 pct above the official design capacity of 100,000 barrels . This however hasn't been included in Lundin's production outlook yet, he added . Plans to update on the potential increase at the end of Q1 Further company coverage: [LUPE.ST] (Reporting by Nerijus Adomaitis, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

OMV’s production in Libya expected to reach 10,000 bbl/d on avg in 2017
Thursday, 2 Feb 2017 08:00am EST 

OMV AG : OMV in Libya: production restarted and operations expanded . OMV’s production in Libya is expected to reach 10,000 bbl/d on average in 2017 Further company coverage: [OMVV.VI] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;)).  Full Article

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OMV CEO sees refining margin falling moderately in 2017

VIENNA Austrian oil and gas group OMV's average refining margin will fall this year, but only slightly in comparison with 2016's $4.7 per barrel, Chief Executive Rainer Seele told Reuters on Monday.