Austrian oil company OMV noted a rise in estimated recoverable volumes in the company’s Wisting discovery in the Barents Sea offshore Norway during last year.The company said on Monday that the estimated recoverable volumes in the Wisting discovery…
Royal Dutch Shell plc announced Friday it has completed the sale of its New Zealand upstream oil and gas assets, marking the supermajor's exit from the Oceania country.The $578 million sale to Austrian integrated oil and gas company OMV includes the Māui…
Austrian oil and gas group OMV signed a concession agreement with Abu Dhabi National Oil Company (ADNOC) for a 5 percent stake in the Ghasha offshore gas and condensate fields, strengthening its position in the region, it said on Wednesday.The…
French-based geophysical services company CGG announced Tuesday that its contract with Austrian integrated oil and gas company OMV to operate a dedicated center at its head office in Vienna has been renewed for a further three years.The two…
Austria's OMV has agreed to establish a joint venture with Malaysia's Sapura Energy Bhd , paying $540 million for a 50 percent stake in its exploration assets in line with its strategy to expand in Southeast Asia.Sapura Energy will transfer $350 million of its debt into the new firm…
London-based E&P company Panoro Energy said its Norwegian subsidiary Panoro Tunisia Production has reached an agreement with OMV Exploration & Production GmbH to acquire 100 percent of the shares of OMV Tunisia Upstream GmbH.According to the Oslo-listed company…
The Russian gas giant of Gazprom and the Austrian OMV company signed a Memorandum on Strategic Cooperation.The document, signed by Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV…
Austria's OMV started production at Abu Dhabi's SARB and Umm Lulu's offshore oil fields, expecting to produce 25,800 barrels per day by year-end, it said on Thursday.The gas and oil group took a 20 percent interest in the two oilfields off the United Arab Emirates under a $1…
Island Drilling has been awarded a drilling contract with OMV Norge for one well on the Wisting license in the Norwegian Barents Sea. OMV will use the Island Innovator semisubmersible drilling rig, starting in Q3 this year. The Island Innovator is currently in warm lay-up at Hanøytangen…
Gazprom and OMV signed an agreement that will see Gazprom acquire stake in OMV Norway. According to the agreement, Gazprom will receive a 38.5% stake in OMV (Norge), a company focused on geological exploration and production in Norway…
OMV has entered a deal to sell its UK subsidiary, OMV UK, to Siccar Point Energy for up to US$1 billion in a move that will see the Austrian company give up its stake in the Chevron-operated Rosebank deepwater project in the North Sea. Image from OMV…
Canada's Suncor Energy is to acquire a 30% stake in the UK deepwater North Sea Rosebank project from Austria's OMV. The move will see OMV reduce its stake from 50% to 20% in what is a massive, challenging, deep water, very harsh environment…
UK-based ASCO Group is to provide supply base services for Austrian operator OMV's operations in the Norwegian Sea and Barents Sea. The contract, ASCO's first with OMV, will last three years from 1 January 2016 with two, one-year option periods…
Austria's OMV says it is to delay projects, setting back its production targets, due to the 'rapid fall' in oil prices. CEO Gerhard Roiss said the fall in Brent oil prices by 58% since a high in mid-2014 represented a 'seismic shift' for the industry…
ExxonMobil started drilling the Pelican South-1 well, its third and latest prospect in the Neptun Block off Romania in the Black Sea. Pelican South-1 is being drilled by Diamond Offshore's ultra-deepwater semisubmersible Ocean Endeavor about 155km offshore…
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