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OMV AG (OMVV.VI)

OMVV.VI on Vienna Stock Exchange

51.77EUR
18 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Verbund says OMV to take a 40 % stake in SMATRICS
Thursday, 27 Apr 2017 06:22am EDT 

April 27 (Reuters) - Verbund AG ::OMV <<>> will take a 40 % stake in SMATRICS, Austria's leading full-service provider of e-mobility.  Full Article

Romania's OMV Petrom says earmarks 850 mln lei for 2016 dividend payment
Wednesday, 26 Apr 2017 05:41am EDT 

April 26 (Reuters) - Romania's top oil and gas firm OMV Petrom , controlled by Austria's OMV :* Resolutions passed at OMV Petrom S.A. General Meeting of Shareholders.* The Ordinary General Meeting of Shareholders approved the Executive Board's proposal to distribute dividends of 0.015 lei/share for 2016. The total gross value of the dividends to be distributed amounts to approximately 850 million lei ($204.49 million). .* Says approves investment budget of OMV Petrom S.A. for 2017 - OMV Petrom S.A. thereby estimates that investments for 2017 will amount to 4.56 billion lei, an 83 percent increase from 2016 (2.49 billion lei)..* Says main investment focus continues to be on Upstream, for which investments of more than 4.15 billion lei have been budgeted (91 percent of the budget)..* Says approves the appointment of members to the Supervisory Board for a 4-year mandate from April 28, 2017, to April 28, 2021..* Says current composition of the Supervisory Board is: Rainer Seele, Reinhard Florey, Manfred Leitner, Johann Pleininger, Daniel Turnheim, Jochen Weise, Joseph Bernhard Mark Mobius, Radu Cojocaru and Mihai Busuioc (the last two are new members, proposed by the shareholder the Romanian State, through the Energy Ministry). .  Full Article

Uniper and four European energy companies sign Nord Stream 2 gas pipeline financing
Monday, 24 Apr 2017 09:37am 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

Austria's OMV considers bigger focus on its gas business

FUSCHL AM SEE, Sept 28 Austrian energy group OMV may focus more on its gas business to benefit from an expected increase in demand, its strategy chief said on Thursday.