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Latest Key Developments (Source: Significant Developments)

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

OMV says Q4 refining margin $5.59 per barrel, repeats outlook
Monday, 16 Jan 2017 02:12am EST 

OMV : Says Q4 output 315,000 bpd . Says Q4 indicator refining margin $5.59 per barrel . Says reconfirming its outlook guidance for Q4/16 published in the Q3/16 report: "OMV expects Q4/16 clean CCS EBIT to be below the strong level in Q3/16" . Says retail margins decreased in Q4/16 compared to Q3/16 . Says commercial margins were flat in Q4/16 compared to Q3/16 Further company coverage: [OMVV.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

OMV says closes sale of British business to Siccar Point Energy
Friday, 13 Jan 2017 06:30am EST 

OMV : Says closed the divestment of OMV (U.K.) Limited . Says Siccar Point Energy Limited made a firm closing payment of approximately USD 870 mn . Says the transaction documentation provides for further contingent purchase price elements depending on the co-venturers' approval of the Rosebank project final investment decision Further company coverage: [OMVV.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

OMV CEO says 40 pct of planned Achimov investments in next two years
Wednesday, 14 Dec 2016 07:00am EST 

OMV AG : OMV CEO says has not yet talked to Norwegian authorities, will fix dates for meetings there soon . OMV CEO says 40 percent of planned Achimov investments to be spent in 2017, 2018 . OMV CEO says we have no indication that the Gazprom asset swap might not be implemented, we are optimistic Further company coverage: [OMVV.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 53112 255;)).  Full Article

DEA and Petoro to buy half of Edison's stake in Norway gas field
Thursday, 1 Dec 2016 05:21am EST 

Oil firm DEA says: Oil firms DEA and Norway's state-owned Petoro to each acquire 5 percent stakes in Norway's Dvalin natural gas field, formerly known as Zidane, from Italy's Edison . Edison to maintain 10 percent stake in Dvalin field, down from 20 percent . DEA to hold 55 percent stake in Dvalin, Petoro 35 percent, Edison 10 percent if transactions approved . In October, DEA said it will invest 10 billion Norwegian crowns ($1.18 billion) to develop the Norwegian Sea find together with its partners . Petoro and DEA have previously agreed to buy stakes in Dvalin from Austria's OMV and Denmark's Maersk Oil ($1 = 8.4623 Norwegian crowns) (Reporting by Stine Jacobsen, editing by Terje Solsvik) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

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OMV, Gazprom may revive Black Sea gas pipeline extension: Der Standard

VIENNA Austrian energy group OMV and Russia's Gazprom are considering reviving a gas pipeline project through the Black Sea connecting Russia to central and southern Europe, an Austrian newspaper said on Tuesday.