Norwegian energy giant has submitted a new plan to the Norwegian Petroleum Directorate (NPD) to improve recovery of 17 million barrels from the Gullfaks field.
Oil giant Shell today announced that it had finished offloading shares in its New Zealand business to Austrian oil company OMV.
OMV will buy 20% of two offshore oil fields in Abu Dhabi, the Austrian firm said. It will pay $1.5billion for the stakes in Satah Al Razboot and Umm Lulu. OMV expects to sign on the dotted line with Abu Dhabi National Oil Company by the end of this month.
Aberdeen-based Faroe Petroleum has announced “significant” gas discoveries in the Norwegian Sea.
Tendeka has hired a new advanced completions director to help drive the commercialisation of its wireless intelligent completions technology, PulseEight.
Shell has struck a deal to sell its portfolio in New Zealand to Austrian energy firm OMV for £415million.
Austrian oil producer OMV AG is poised to win a deal to produce oil from offshore fields in Abu Dhabi, according to people with knowledge of the situation.
Austrian oil firm OMV returned to the black last year after booking record production and lowering costs.
Austrian energy firm OMV has tied up its deal with Uniper for a 24.99% stake in the Yuzhno Russkoye gas field in Western Siberia for £1.5billion.
OMV posted a 52% increase in its profit.
Austrian oil company OMV’s appraisal well on the Wisting discovery in the Barents Sea has encountered an oil column, the Norwegian Petroleum Directorate (NPD) said today.
Norway based Island Drilling Company has been awarded a contract by Austrian firm OMV for work in Norway.
Shell is among a group of five energy companies who have agreed to stump up funding for the Nord Stream 2 project.
Offshore drilling firm Odfjell Drilling has signed a contract with Austrian oil company OMV for the Deepsea Bergen to drill a well next year.
OMV said it has closed its divestment of its British business to Siccar Point Energy.
Gazprom and OMV have reached an outline deal to swap a 38.5% stake in the latter company's Norwegian unit for a 25% stake in a section of Gazprom's Urengoy gas field.
OMV said its Wisting discovery in the North Sea could contain more than one billion barrels of oil equivalent.
Saudi Arabian Oil Co., the world’s largest crude exporter, is among second-round bidders for a Turkish fuel retailer owned by OMV AG, central Europe’s biggest oil and gas company, according to three people with direct knowledge of the matter.
A North Sea newcomer made its second move into the basin, snapping up the UK division of OMV in a deal worth up to $1billion (£805.5million).
OMV AG, central Europe’s biggest oil and gas company, has got initial bids from Vitol SA and Trafigura Group Pte for its Turkish fuel retailer OMV Petrol Ofisi AS, people with knowledge of the matter said.
OMV said it has signed an agreement for the sale and purchase of a 49% minority stake in GasConnectAustria.
OMV’s North Sea sell-off to Suncor has re-balanced the company’s portfolio, according to its executive director.
Suncor Energy UK has snapped up a 30% stake in North Sea’s Rosebank project from OMV UK.
Socar has said it is interested in buying OMV's Turkish subsidary, according to reports.
OMV is set to prepare a new reserves estimate for its Wisting oil discovery in the Barents Sea, after successfully drilling its appraisal well.