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OMV AG (OMVV.VI)

OMVV.VI on Vienna Stock Exchange

41.89EUR
14 Dec 2018
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Fri, Nov 16 2018

UPDATE 1-Most of Nord Stream 2 project to be paid for by 2019 - OMV CEO

* OMV to reach production target of 600,000 bpd earlier (Adds details, background)

Most of Nord Stream 2 project to be paid for by 2019 - OMV CEO

LONDON, Nov 16 The Nord Stream 2 gas pipeline project connecting Russia to Germany will be 70 percent paid for by next year, the chief executive of Austrian oil and gas company OMV said on Friday.

Deals of the day-Mergers and acquisitions

Nov 9 The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Friday:

UPDATE 2-OMV sees Sapura deal as springboard to further Asia expansion

* Further payments, up to $85 mln, depend on value enhancement (Recasts, writes through)

OMV to pay at least $715 mln for half of Sapura's exploration assets

VIENNA, Nov 9 Austrian energy group OMV has agreed to establish a joint venture with Sapura Energy Bhd, paying $540 million for a 50 percent stake in the Malaysian firm's exploration assets.

Energy group OMV posts 31 percent profit jump, expects output boost

VIENNA Austrian oil and gas group OMV lifted third-quarter profit by 31 percent, largely thanks to higher oil prices and lower production costs, and said it expects a strong rise in output for the rest of the year.

UPDATE 2-Energy group OMV posts 31 pct profit jump, expects output boost

VIENNA, Oct 31 Austrian oil and gas group OMV lifted third-quarter profit by 31 percent, largely thanks to higher oil prices and lower production costs, and said it expects a strong rise in output for the rest of the year.

UPDATE 1-Maintenance work reduces OMV's third-quarter output

* Q3 refinery utilization rate at 98 pct (Adds refining data, third-quarter forecast, quote)

Austria's Borealis to build 1 bln eur plant in Belgium

VIENNA, Oct 7 Plastics maker Borealis, owned by Abu Dhabi state fund Mubadala and energy group OMV , said on Sunday it will build a 1 billion euro ($1.2 billion) plant in Belgium to boost its capacity to produce polypropylene in Europe.

UPDATE 2-Austria's OMV to buy Siberian assets from Gazprom, not swap them

* Gazprom was keen on North Sea know-how (Adds details, background, quotes)

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