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OMV AG (OMVV.VI)

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Latest Key Developments (Source: Significant Developments)

OMV is strategic partner of IONITY‍​
Friday, 17 Nov 2017 04:09am EST 

Nov 17 (Reuters) - OMV AG :IS STRATEGIC PARTNER OF IONITY‍​.IS STRATEGIC FILLING STATION NETWORK PARTNER FOR THE COUNTRIES AUSTRIA, CZECH REPUBLIC, HUNGARY AND SLOVENIA.  Full Article

OMV has transferred around 280 mln eur to Nord Stream 2 -CEO
Thursday, 9 Nov 2017 04:22am EST 

Nov 9 (Reuters) - Omv Ag :OMV CEO says targets production cost of $7 per barrel after russian transactions closed.OMV CEO says will have major maintenance shutdown at Romanian refinery in spring 2018.OMV CEO says we are not stopping cost reducitions, new update early 2018.OMV CEO says there might be impact of U.S. sanctions on project financing of Nord Stream 2.OMV CEO says we have transferred around 280 million eur to Nord Stream 2.OMV CEO says expects 2018 output to be around 430k boe/d.  Full Article

Romania's OMV Petrom Q3 net profit up 35.1 pct
Thursday, 9 Nov 2017 01:41am EST 

BUCHAREST, Nov 9 (Reuters) - Romania's top oil and gas firm OMV Petrom , controlled by Austria's OMV :* Says posts a 35.1 percent rise in third-quarter net profit attributable to shareholders to 639 million lei ($160.52 million), compared with 592 million lei in April-June and 473 million in the third quarter of last year..* Analysts expected it to report a third-quarter net profit of 766 million lei. nL5N1NE6TX.* Says expects 2017 invesmtnet to be below 0.7 billion euros, and maintains guidance for daily average production to decline. .* Says earnings per share stood at 0.0113 lei..* Says sales excluding petroleum excise tax rose 10 percent on the year to 5.03 billion lei in the third quarter supported by higher oil and natural gas prices, increased petroleum product sales volumes, partially offset by lower sales volumes of natural gas and electricity..* For the year 2017, OMV Petrom expects the average Brent oil price to be at $52/bbl (previous forecast: $52/bbl). Brent-Urals spread anticipated to decrease on the year..* Says expects increased demand for gas and fuels and a slight increase for power versus 2016 in Romania. .* Says free-float increased to 18.35 percent as a result of the sale of a 2.56 percent stake by Fondul Proprietatea. .  Full Article

OMV CEO: Nordstream 2 financing not made easier by U.S. sanctions
Thursday, 10 Aug 2017 04:48am EDT 

Aug 10 (Reuters) - Omv Ag :Omv CEO says does not expect siberian gas field operations to be affected by U.S. Sanctions.Omv CEO says too early to say what effects U.S. Sanctions on Russia will have exactly, we are standing by NS 2 in framework of what's possible.Omv CEO says have made Nordstream 2 transaction of around 200 million eur, financing of NS2 has not been made easier by U.S. Moves.Omv CEO says sees potential that Nordstream 2 financing can be implemented as planned.Omv CEO says have not got yet got $48 mln owed by Iran back nL8N1IQ53L.  Full Article

Omv CEO: expects no effect of U.S. sanctions on Siberian business
Thursday, 10 Aug 2017 04:25am EDT 

Aug 10 (Reuters) - Omv Ag :Omv CEO says does not expect Siberian gas field operations to be affected by U.S. Sanctions.Omv CEO says too early to say what effects U.S. Sanctions on Russia will have exactly, we are standing by ns 2 in framework of what's possible.  Full Article

Romania's OMV Petrom Q2 net profit edges down q/q, below mkt expectations
Thursday, 10 Aug 2017 01:42am EDT 

BUCHAREST, Aug 10 (Reuters) - Romania's top oil and gas firm OMV Petrom , controlled by Austria's OMV :* Says posts second-quarter net profit attributable to shareholders of 592 million lei ($152.08 million), compared with 619 million lei in January-March and 118 million in the same quarter of last year..* Analysts expected it to report a second-quarter net profit of 640 million lei. nL5N1KV382.* Says consolidated sales rose 25 percent on the year to 9.261 billion lei, spurred by significantly higher crude oil prices and higher volumes of petroleum products, natural gas and electricity but partially offset by lower average selling prices for natural gas. .* For the year 2017, OMV Petrom expects the average Brent oil price to be at $52/bbl (previous forecast: $55/bbl). Brent-Urals spread anticipated to slightly decrease on the year;.* Says expects increased demand for gas and fuels in Romania and a slight increase for power versus 2016;.* Portfolio optimisation: 19 marginal fields transferred to Mazarine as of August 1st; further field divestments initiated;.* Says expects 2017 daily average production to decline around 3 percent on the year, not including portfolio optimization initiatives;.* Says expects to maintain a refinery utilization rate above 90 percent in 2017. .  Full Article

OMV says closes sale of Ashtart field in Tunisia
Wednesday, 2 Aug 2017 08:45am EDT 

Aug 2 (Reuters) - OMV AG ::Says closed sale of its 50% stake in the Ashtart oil field, an offshore field in the Gulf of Gabes, Tunisia, as well as OMV’s 50% stake in the operating company SEREPT to PERENCO.Says average net production from Ashtart was 3,000 boe/d in 2016.Says the economic effective date of the transaction is January 1, 2016.Says parties agreed not to disclose the value of transaction.Says is committed to further invest in development of resources in Tunisia and in particular in south Tunisia with the objective to increase production and reserves levels.  Full Article

Romanian OMV Petrom sells wind park for 23 mln euros
Thursday, 20 Jul 2017 10:30am EDT 

July 20 (Reuters) - Romania's top oil and gas firm OMV Petrom , controlled by Austria's OMV :Says it has sold its Dorobantu wind park to Dutch-registered Transeastern Power B.V. for 23 million euros ($26.74 million)..Says transaction subject to approval from the Competition Council, estimated to come in by year-end..Says sale is part of Petrom strategy to focus on core operations..Says first announced plans to sell windpark in early 2016..Dorobantu wind park comprises of 15 Vestas V-90 turbines, each with a capacity of 3 MW. .Says wind park produced 0.08 Twh of electricity in 2016, for which it received 128,000 green certificates, as part of Romania's support scheme for renewable energy producers, half of which will be elligible for sale from Jan. 2018. .  Full Article

Romania's OMV Petrom resumes operations at its Brazi power plant
Wednesday, 5 Jul 2017 04:12am EDT 

July 5 (Reuters) - Romania's oil and gas group OMV Petrom :* OMV Petrom says resumes operations at its Brazi power plant on July 5, 2017 after the plant successfully passed the corresponding tests..* Due to the steam turbine transformer failure in April 2017, coupled with the previously announced failure of one gas turbine transformer, the Brazi power plant became fully unavailable..* Says that after replacement of the steam turbine transformer, the plant has resumed operations and is now available at half capacity (420 MW).* As notified to REMIT, it is expected that the plant will become fully operational in Oct. 2017 after the replacement of the gas turbine transformer..  Full Article

OMV sees windfall of almost 1 bln eur in Q2 from Petrol Ofisi sale
Tuesday, 13 Jun 2017 08:17am EDT 

June 13 (Reuters) - OMV ::Says net cash impact of Petrol Ofisi sale on OMV will be slightly below 1 bln eur in Q2 2017.  Full Article

BRIEF-OMV is strategic partner of IONITY‍​

* IS STRATEGIC FILLING STATION NETWORK PARTNER FOR THE COUNTRIES AUSTRIA, CZECH REPUBLIC, HUNGARY AND SLOVENIA Source text - http://bit.ly/2jwZ8Gv Further company coverage: (Gdynia Newsroom)