Wednesday 16 April 2014
 
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OMV

Libya oil production about 70pc of normal: OMV

Austrian oil and gas group OMV is producing at about 70 per cent of normal levels in Libya, the company's head of exploration and production, Jaap Huijskes, said on Wednesday. Libya accounted for about 10 per cent of OMV's

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OMV happy with Libya oil recovery

Austrian oil and gas group OMV's production in Libya has recovered sufficiently to support its full-year output target if it continues at current levels, its chief executive said. Gerhard Roiss said production in the war-torn

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OMV makes 1st oil discovery in Libya post-uprising

Austria's OMV said it had struck oil in Libya in the first new discovery for the company and its partners since the revolution in 2011, as it sticks by a long-term bet on the country despite recent civil strife and disruption.

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OMV to stay in Libya despite production loss

Austrian oil and gas group OMV is committed to Libya despite conflict that has disrupted production and caused some oil majors to abandon projects there, its chief executive said. Gerhard Roiss said production lost in Libya in the

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Arab Spring ‘opens new avenues for oil firms’

The change in landscape initiated by the Arab Spring has provided several opportunities and challenges for international oil companies (IOCs) that operate in North Africa, said a senior industry expert. Dr David Latin, senior vice presi

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OMV in Abu Dhabi upstream deal

Austrian energy group OMV has signed its first upstream joint venture in Abu Dhabi, agreeing to drill up to three appraisal wells for sour gas and condensate together with BASF's Wintershall. OMV said in a statement on Thursday that Ab

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Ipic plan to raise OMV stake cleared

Austria's competition watchdog has cleared Abu Dhabi sovereign wealth fund Ipic's plan to raise its stake in energy group OMV to at least 25 per cent, the agency said on Tuesday. Ipic had informed the Austrian Competition Authority

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OMV production in Libya on track

Austrian energy group OMV's output from Libya has reached half the level it was before the civil war halted production, chief executive Gerhard Roiss said. "At the moment we are at 50 per cent of the pre-war level," or at around 17,000 bar

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Abu Dhabi raises stake in oil group OMV

Abu Dhabi's investment fund has raised its minority stake in OMV, two weeks after the Austrian oil and gas group said it would offload unprofitable refining and marketing assets. International Petroleum Investment Company (IPIC) raised its

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OMV ends Iran Air fuel contract

Oil and gas group OMV has not renewed a fuel supply contract with Iran's state airline because of international sanctions against the Islamic Republic, an Austrian newspaper reported. The move means Iran Air planes can no longer fill up at

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