Total strikes for OMV’s Malaysian unit in $900mn move
“This agreement streamlines our Energy portfolio and is in line with the OMV Strategy 2030 of reducing oil and gas production over time,” said OMV CEO Alfred Stern.
OMV
Russia enforces sale of OMV, Wintershall assets
OMV noted the presidential decree but said that it had written down the value of its Russian assets. As such, it expects no further impact as a result of the move.
Sonatrach, OMV plan out Libya exploration return
OMV had held its licence under force majeure until September this year. It declared the contractual stoppage in 2014.
Seismic survey complete at Aker BP’s Poseidon CCS licence off Norway
Survey acquisition has now been completed across Aker BP and OMV’s Poseidon carbon storage licence in the Norwegian North Sea.
Zenith dips out of Yemen and into Kazakhstan
Slightly more than three hours later, Zenith announced the signing of a memorandum of understanding for an asset in Kazakhstan.
BP signs 10 year deal to supply LNG to Europe
BP (LON: BP) has signed a long-term sale and purchase agreement with the Austrian firm OMV to supply 1 million tonnes of liquefied natural gas per year for the next decade.
Norway approves 19 new oil and gas projects worth around £14.62 bn
Norway has approved 19 new oil and gas projects in its waters, with total investment topping NOK 200 billion (£14.62 bn), according to the Ministry of Petroleum and Energy.
OMV, Romgaz approve major Romanian gas plan
"Starting with 2027, we will have a new natural gas source with potential to significantly increase the country's natural gas production, thus securing safety of supply.”
Four firms awarded CO2 storage exploration licences off Norway
Four companies have been offered exploration licences for CO2 storage in two areas of the Norwegian North Sea.
On the block: OMV launches Asia-Pacific sales plan
The venture’s main development now is Jerun. OMV expects this to start producing in 2024, with the net production of around 25,000 boepd.
Zenith strikes deal for OMV’s Yemeni assets, share price jumps
Zenith said there were near-term growth opportunities. This would involve infill drilling and sidetracks for six new wells, boosting output to 15,000 bpd.
Adnoc buys a quarter stake in OMV
Adnoc has struck a deal to buy a 24.9% stake in Austria’s OMV, for an undisclosed price, from Mubadala Investment.
Longboat extends lending to continue 2023 exploration programme
Having completed its 2022 drilling programme, Longboat Energy (LON:LBE) has secured additional lending and is now looking to its next phase of exploration in 2023.
Norway well slot: Drilling hits for Equinor, OMV and Neptune
As of 25 November, Westwood Global Energy reports that there are three exploration wells active, with two in the Norwegian Sea and one in the Barents Sea. Since the previous report, one exploration well program has completed at Oswig, and one exploration well has spudded at Countach.
Well-slot: Two active exploration wells in Norway
As of 27 October, Westwood Global Energy reports that there are two exploration wells active, one in the Northern North Sea and one in the Norwegian Sea. Since the previous report, one exploration well program has completed.
OMV makes gas condensate find at Oswig
OMV has made a modest gas condensate discovery at its Oswig prospect in the Norwegian North Sea, partner Longboat Energy has reported.
Odfjell secures string of work for Deepsea Yantai
Odfjell Drilling has announced a series of bookings for its Deepsea Yantai rig, as OMV and Shell look to secure the unit for drilling and well decommissioning work in the North Sea.
Finding only negligence, OMV opts out of suing former CEO
OMV has cleared former CEO Rainer Seele of misconduct. It did find evidence of negligence in some of his actions, it said in a report.
Norway well slot – North Sea a hive of activity
As of 24 August, Westwood Global Energy reports that there are five exploration wells active, four in the Northern North Sea and one in the Norwegian Sea. Since the previous report, two exploration well programmes have completed, with one of the wells successful.
OMV takes 2bn euro charge on Russian turmoil
OMV has taken a charge of around 2 billion euros ($2.17 billion) on the exit of its Russian holdings.
Just a few major energy firms still trade with Gazprom arm
Just a few large European energy firms are still striking deals with the trading arm of Gazprom PJSC, as companies shun Russian business in response to the war in Ukraine, according to people familiar with the matter.
Wintershall DEA writes off €1bn Nord Stream 2 finance
Wintershall DEA says it will not “advance or implement” any oil and gas projects in Russia, and will write off its €1 billion (£830 million) financing of Nord Stream 2.
OMV steps back from Russian plans, while Wintershall considers options
OMV will not go ahead with its purchase of a stake in Gazprom’s Urengoy gas and condensate field. It is also “reviewing” its involvement in Nord Stream 2.
Maersk Drilling secures one-well exploration contract in Norway
Maersk Drilling has secured a contract for work in the Northern North Sea basin offshore Norway.
BP spies with its private eye
BP paid a private corporate intelligence agency to track a variety of climate activists, an investigation by openDemocracy has found.