Omv News

 

OMV Petrom Wraps Sale of Kazakhstan Business. Focuses on Black Sea

May 17, 2021

Romanian oil and gas firm OMV Petrom has completed the previously announced sale of Kazakhstan-based Kom-Munai LLP (KOM) and Tasbulat Oil Corporation LLP (TOC) to Magnetic Oil, so it can fully focus on its business in the Black Sea.KOM and TOC hold the production licenses for four onshore fields…

OMV Hires Valaris Jack-Up Rig for New Zealand Drilling

May 03, 2021

OMV New Zealand has confirmed for Offshore Engineer that the company has hired Valaris' Gorila VII jack-up rig for work offshore New Zealand.Following a report last Friday by Bassoe Offshore that the two companies had struck an offshore drilling rig deal…

OMV Expects Strong Second Half of 2021

Apr 29, 2021

Austrian oil and gas group OMV said it sees strong improvement in the second half of 2021 as it reported a better-than-expected quarterly core profit on Thursday thanks to higher oil prices and gains from the acquisition of plastics maker Borealis…

AGR to Provide Specialist Personnel for OMV in Norway

Mar 29, 2021

Norwegian energy services firm AGR said Monday it had signed a 'Contract for Leased Personnel' with OMV Norway, a Norwegian subsidiary of Austria-based OMV.The contract for the provision of specialist personnel on the Norwegian Continental Shelf…

Romania's OMV Petrom Takes Hold of Offshore Block in Georgian Black Sea

Mar 11, 2021

Romanian oil and gas company OMV Petrom has signed the production sharing contract for the offshore Block II in the exclusive economic zone of the Georgian Black Sea.OMV Petrom won in June 2020 the international tender organized by the Ministry…

OMV Petrom Spuds Two New Wells in Black Sea

Jan 18, 2021

Romanian oil and gas firm OMV Petrom said Monday it had started drilling two new development wells in the shallow waters of the Istria block, in the Black Sea.The first drilling operations started at the end of December 2020 and the drilling…

OMV Petrom Exits Kazakhstan to Focus on Black Sea Assets

Dec 29, 2020

Romanian oil and gas company OMV Petrom has agreed to sell its onshore oilfields in Kazakhstan, and focus on the Black Sea region.OMV Petrom said Tuesday it had signed the transaction for the sale of its 100% shareholding in Kom-Munai LLP (KOM)…

OMV to Use Maersk Drilling Rig for North Sea Wildcat

Dec 07, 2020

Austrian oil and gas company OMV has chartered a Maersk Drilling jack-up drilling rig to drill an exploration well offshore Norway.Maersk Drilling said that OMV would use its jack-up rig Maersk Integrator to drill one exploration well in the…

Jadestone, OMV Take More Time to Wrap Maari Field Transaction

Sep 25, 2020

Oil and gas company Jadestone Energy and OMV have agreed to extend the long-stop date for the completion of Jadestone's acquisition of OMV's stake in the Maari project, in the shallow waters offshore New Zealand.Singapore-based Jadestone in…

OMV Petrom Enters Han-Asparuh Block in Black Sea

Sep 01, 2020

Romania's OMV Petrom has acquired a 100% of the shares in OMV Offshore Bulgaria OMV, and entered the Han-Asparuh exploration block in Bulgaria.Following Spanish Repsol's exit, the Bulgarian regulator approved the allocation of Repsol's 30% participating interest to the remaining two partners…

OMV Petrom Snaps Up Black Sea Block in Georgia

Jun 29, 2020

Romania's OMV Petrom has provisionally won the rights to explore for oil and gas in a Black Sea block off the coast fo Georgia.OMV Petrom said Monday it had been selected as the winner of the open international tender held by the Ministry of…

Norway: OMV Gets NPD Nod for Hades Drilling

May 27, 2020

Austrian oil and gas firm OMV has been granted a permit for the drilling of the offshore well 6506/11-12 S in the Norwegian Sea.The company's Norwegian subsidiary OMV Norge will use the Island Innovator semi-submersible to drill the appraisal…

OMV Sees Hope for Oil Price Recovery in Second Half 2020

May 13, 2020

Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by increased fuel demand and output cuts by producers such as Saudi Arabia, its chief executive said.The spread of the coronavirus has knocked…

OMV Gets Green Light for Hades Drilling

May 11, 2020

OMV Norge, a Norwegian subsidiary of Austria's OMV, has received approval from the Petroleum Safety Authority Norway to drill at the Hades prospect in the Norwegian Sea.'We have given OMV (Norge) AS consent for exploration drilling in block 6506/11 in the Norwegian Sea…

OMV Books Q1 Loss, Lowers 2020 Oil Output Target

Apr 29, 2020

Austrian energy group OMV posted a net loss for the first quarter due to significant inventory costs and lowered its production target and crude price forecasts in response to tumbling oil demand in the wake of the coronavirus pandemic.OMV said…

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