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OMV AG (OMVV.VI)

OMVV.VI on Vienna Stock Exchange

52.38EUR
23 May 2018
Change (% chg)

€-1.34 (-2.49%)
Prev Close
€53.72
Open
€53.66
Day's High
€53.70
Day's Low
€52.02
Volume
430,113
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384,019
52-wk High
€56.32
52-wk Low
€44.10

Latest Key Developments (Source: Significant Developments)

OMV: Acquisition Of 20 Pct Stake In Two Offshore Oil Fields In Abu Dhabi Planned
Thursday, 5 Apr 2018 

April 5 (Reuters) - OMV AG ::OMV AND ADNOC PLAN SIGNING FOR ACQUISITION OF A 20% INTEREST BY OMV IN TWO OFFSHORE OIL FIELDS IN ABU DHABI.PURCHASE PRICE OF USD 1.5 BILLION.  Full Article

Austria's OMV makes gas find near the Morvin field in the Norwegian Sea –NPD
Wednesday, 4 Apr 2018 

April 4 (Reuters) - NORWAY PETROLEUM DIRECTORATE: :OMV (NORWAY) AS, OPERATOR OF PRODUCTION LICENCES 644 AND 644 B, IS IN THE PROCESS OF COMPLETING THE DRILLING OF WILDCAT WELL 6506/11-10 IN PL 644 B.PRIMARY EXPLORATION TARGET: PRELIMINARY ESTIMATES INDICATE THAT THE SIZE OF THE DISCOVERY IN THE LANGE FORMATION IS BETWEEN 3 AND 18 MILLION STANDARD CUBIC METRES (SM3) OF RECOVERABLE OIL.SECONDARY EXPLORATION TARGET: PRELIMINARY ESTIMATES INDICATE THAT THE SIZE OF THE DISCOVERY IN THE GARN FORMATION IS BETWEEN 3 AND 21 MILLION STANDARD CUBIC METRES (SM3) OF RECOVERABLE OIL EQUIVALENTS.THE WELL WAS DRILLED BY THE DEEPSEA BERGEN DRILLING FACILITY, WHICH WILL NOW MOVE ON TO DRILL APPRAISAL WELL 15/3-10 ON THE 15/3-4 SIGRUN GAS/OIL DISCOVERY IN PRODUCTION LICENCE 025 IN THE CENTRAL PART OF THE NORTH SEA, WHERE STATOIL PETROLEUM AS IS THE OPERATOR.OMV (NORWAY)<<>> HOLDS A 30 PCT STAKE, STATOIL <<>> 30 PCT, FAROE PETROLEUM FPM.OL 20 PCT, SPIRIT ENERGY NORGE 20 PCT.  Full Article

OMV Announces Redemption Of Hybrid Bond 2011, Considers Issue Of New Hybrid Bond
Wednesday, 14 Mar 2018 

March 14 (Reuters) - OMV AG ::ANNOUNCES REDEMPTION OF HYBRID BOND 2011 AND CONSIDERS ISSUE OF A NEW HYBRID BOND.CONSIDERS ISSUE OF NEW PERPETUAL, SUBORDINATED BOND WITH A TOTAL VOLUME OF UP TO EUR 500 MILLION.POTENTIAL ISSUE OF NEW HYBRID BOND COULD TAKE PLACE WITHIN NEXT 18 MONTHS, IN ANY EVENT AT EARLIEST IN MAY 2018.  Full Article

Romania's OMV Petrom says appoints new CEO
Tuesday, 9 Jan 2018 

BUCHAREST, Jan 9 (Reuters) - Romania's oil and gas company OMV Petrom says: :* Supervisory Board of OMV Petrom S.A. appointed Christina Verchere, 46 as the new President of the Executive Board and Chief Executive Officer (CEO) of OMV Petrom. .* Says the appointment has been made for the remaining term of the mandate granted to Mariana Gheorghe, until April 16, 2019..* Says Verchere accepted her appointment and will assume the position at the latest with effect from May 21, 2018..* Says that prior to the Supervisory Board meeting today, Mariana Gheorghe waived her mandate as President of the Executive Board and CEO..  Full Article

Oil price at which OMV will break even is lower this year than last
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - OMV ::SPOKESWOMAN SAYS OIL PRICE AT WHICH IT WILL BREAK EVEN AT FREE CASH FLOW LEVEL WILL BE LOWER THIS YEAR THAN 2016'S $35 A BARREL.  Full Article

OMV Says One Person Killed And 21 Injured In Baumgarten Incident‍​
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - OMV AG ::ONE PERSON WAS KILLED AND 21 PEOPLE INJURED IN BAUMGARTEN INCIDENT‍​.GAS SUPPLY IN AUSTRIA IS CURRENTLY SECURE.FACILITY HAS BEEN SHUT DOWN ON SAFETY GROUNDS AND THE AUTHORITIES HAVE STARTED THEIR INVESTIGATIONS.  Full Article

Omv completes acquisition of Yuzhno Russkoye field stake from Uniper
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Omv Ag ::OMV SAYS OMV COMPLETES ACQUISITION OF 24.99% INTEREST IN THE YUZHNO RUSSKOYE GAS FIELD FROM UNIPER.OMV SAYS THE PURCHASE PRICE PAID BY OMV TO UNIPER AMOUNTS TO EUR 1,719 MN AND INCLUDES CUSTOMARY CLOSING ADJUSTMENTS. THE TRANSACTION TAKES RETROACTIVE ECONOMIC EFFECT AS OF JANUARY 1, 2017 AND WAS LARGELY FUNDED OUT OF PROCEEDS GENERATED FROM DISPOSALS.OMV SAYS WITH THIS ACQUISITION OMV GETS ADDITIONAL RECOVERABLE RESERVES OF 580 MN BOE. MOREOVER, OUR PRODUCTION COSTS WILL BE FURTHER DECREASED.OMV SAYS OUR STAKE IN YUZHNO RUSSKOYE ADDS 100,000 BOE/D TO OMV´S PRODUCTION. THIS BOOSTS OMV´S TOTAL PRODUCTION TO MORE THAN 430,000 BOE/D.  Full Article

OMV is strategic partner of IONITY‍​
Friday, 17 Nov 2017 

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 

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 

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

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OMV looking to buy Gazprom's Siberian assets instead of swapping: sources

MOSCOW/VIENNA Austrian energy company OMV is looking to buy some of Gazprom's Siberian assets outright after Norway voiced opposition to plans by the two firms to swap assets, sources told Reuters.