Edition:
United Kingdom

OMV AG (OMVV.VI)

OMVV.VI on Vienna Stock Exchange

49.95EUR
15 Dec 2017
Change (% chg)

€-2.31 (-4.42%)
Prev Close
€52.26
Open
€51.75
Day's High
€52.55
Day's Low
€49.46
Volume
1,021,278
Avg. Vol
309,757
52-wk High
€54.00
52-wk Low
€31.20

Latest Key Developments (Source: Significant Developments)

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

Romanian OMV Petrom sells wind park for 23 mln euros
Thursday, 20 Jul 2017 

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

OMV signs the sale of 49% minority stake in Gas Connect Austria to consortium of Allianz and Snam
Thursday, 22 Sep 2016 

Allianz Capital Partners: OMV signs the sale of 49% minority stake in Gas Connect Austria to the consortium of Allianz and Snam .Omv Gas & Power GmbH (OGP) and the consortium composed of Allianz, and Snam S.p.a. signed an agreement for the sale and purchase of a 49% minority stake in Gas Connect Austria GmbH (gca).  Full Article

Allianz to own 60 pct of GCA stake vehicle, Snam 40 pct -OMV
Thursday, 22 Sep 2016 

: OMV says 49 percent Gas Connect Austria stake to be acquired by company in which Allianz holds 60 percent, Snam 40 percent Further company coverage: [nV9N15C015] (Reporting By Shadia Nasralla) ((Shadia.Nasralla@thomsonreuters.com;)).  Full Article

Romanian OMV Petrom Q2 net profit falls sharply on low oil and gas prices
Wednesday, 10 Aug 2016 

Romania's top oil and gas firm OMV Petrom , controlled by Austria's OMV : Posts second-quarter net profit attributable to shareholders of 118 million lei ($29.52 million), sharply lower than the 693 million lei recorded in the same quarter of 2015. . Says group's EBIT stood at 218 million lei in the second quarter, compared with 786 million in the same period of last year, driven by lower sales revenues and lower operating income. . Says lower sales were only partially offset by the decrease in exploration expenses, mostly due to lower expenses in the Neptun off-shore block. . Says capital expenditure decreased to 1.34 billion lei from 2.07 million in the first half of 2015, mainly due to substantially lower CAPEX in Upstream. . Petrom CEO Mariana Gheorghe: "In the first half of 2016, the difficult market environment adversely impacted our financial results, outweighing the effects from improved operational performance as well as strict cost discipline and cash management." ($1 = 3.9968 lei) (Reporting by Luiza Ilie) ((luiza.ilie@thomsonreuters.com;)).  Full Article

OMV says Turkey politics have no impact on Petrol Ofisi sale
Wednesday, 10 Aug 2016 

OMV : OMV CEO says 2017 capex expected to reach 2.4 billion eur . OMV upstream chief says currently producing 70k boe/d in North Sea . Upstream Chief Says Aasta Hansteen Field In North Sea Will Bring Additional 15-20k boe/d by end-2018 . CFO says does not expect further write-downs on north sea assets . OMV downstream chief says political situation in Turkey has no impact on Petrol Ofisi sale Further company coverage: [OMVV.VI] (Reporting By Shadia Nasralla) ((Shadia.Nasralla@thomsonreuters.com;)).  Full Article

UPDATE 1-Deadly Austria gas blast likely caused by loose filter cap - operator

VIENNA, Dec 14 Tuesday's blast at Austria's Baumgarten gas hub, which killed one person and disrupted European gas flows, was most likely caused by a loose seal on a filter cap, operator Gas Connect Austria (GCA) said.