Latest news
OMV and ADNOC decide to explore opportunities for collaboration
Austrian oil and gas conglomerate OMV and Abu Dhabi National Oil Company (ADNOC) decided on Thursday to explore opportunities for cooperation, among others in downstream projects.
read more... 26/05/2017
Germany and Austria power market split is set to start in October 2018
Electricity transmission companies from Germany and Austria will split their currently joined power markets from Oct. 1, 2018, aiming to allow more traffic at reduced costs and less technical risks, as stated by regulators in both countries on Monday.
read more... 16/05/2017
Verbund to continue operation of Mellach combined cycle gas turbine power plant
Austrian hydropower-focused utility Verbund has abandoned plans to sell its Mellach gas-fired power plant in the province of Styria, as the purchase offers of potential buyers did not meet management's expectations.
read more... 15/03/2017
Gazprom and OMV reach a basic agreement on potential asset swap
Russian energy giant Gazprom and Austrian oil and gas group OMV reached a basic agreement on Wednesday to swap a 38.5% stake in OMV's Norwegian unit for a 25% stake in a section of Gazprom's Urengoy gas field.
read more... 15/12/2016
German energy regulator abandons power area with Austria from 2018
Germany's energy regulator on Friday requested electricity transport firms to get ready for a separation of the German and Austrian power markets, which are currently joined, to allow for more traffic at reduced cost and less technical risks.
read more... 31/10/2016