As energy bills mount and the threat of rationing increases, some European retailers are turning off lights and considering shorter opening hours this winter. Energy bosses and government officials have Continue Reading
Austria will order industry and utilities to make plants run on alternatives to natural gas where possible, especially oil, its energy minister said on Tuesday, as the country scrambles to Continue Reading
No other EU leader has meet Putin since Ukraine invasion Nehammer’s accounts had focused on war’s human tragedy Russia appears to have kept door open to payment in euros Austria Continue Reading
Earlier this week, we quoted the heads of some of the world’s biggest independent energy trades, who spoke at the FT Commodities Global Summit in Lausanne, Switzerland and unveiled a Continue Reading
Austria’s OMV (OMVV.VI) on Saturday became the latest energy firm to pull back from Russia, saying it would take an anticipated 1.5-1.8 billion euro($1.6-$2.0 billion) hit as it seeks to Continue Reading
Austrian oil and gas company OMV (OMVV.VI) is receiving normal gas deliveries from Russia, it said on Thursday. “All contractually agreed quantities are being delivered,” a company spokesperson said in Continue Reading
Tens of thousands of people rallied in Vienna on Saturday in protest against restrictions introduced to halt the spread of coronavirus in Austria, including mandatory COVID-19 vaccines and home confinement Continue Reading
Austria went into a nationwide lockdown early Monday in a desperate effort to contain spiraling coronavirus infections. The lockdown in the Alpine nation comes as average daily deaths have tripled Continue Reading
Austria will become the first country in western Europe to reimpose a full COVID-19 lockdown, it said on Friday as neighbouring Germany warned it may follow suit, sending shivers through Continue Reading
The surge in Covid cases across Europe is forcing governments to take drastic measures, with Austria on course to become the first country in the continent to make coronavirus vaccines Continue Reading
One in three Austrians is not yet vaccinated, one of the lowest rates in Western Europe Days after Austria imposed a lockdown on the unvaccinated, it has announced a full Continue Reading
Austria imposed a lockdown on people unvaccinated against the coronavirus on Monday as winter approaches and infections rise across Europe, with Germany considering tighter curbs and Britain expanding its booster Continue Reading
Austrian energy company OMV said it expects the natural gas market in particular to be challenging this year, focusing its sentiment on European strategies. Rainer Seele, the chief executive officer Continue Reading
Austrian energy company OMV said Wednesday it made the first steps toward resuming operations in Iran after signing an agreement with a national oil entity. OMV signed a memorandum of Continue Reading
Austrian energy company OMV reviews options to add new lines to existing Nord Stream gas pipeline with Russia’s Gazprom. Photo by Kodda/Shutterstock ST. PETERSBURG, Russia, June 18 (UPI) — Adding two new lines to the twin Nord Stream natural gas pipeline sending Russian gas to the European market is under consideration, Austrian company OMV said. Lead officials with OMV visited in St. Petersburg with Alexei Miller , the chairman of Russian energy company Gazprom, for a working meeting . Both sides signed a memorandum of understanding for the development of oil and gas fields in Russia. "The memorandum also sets forth the intentions of the parties to examine a possible cooperation in the project of construction of two lines in addition to the already existing Nord Stream pipeline," the Austrian company said in a statement. OMV is a partner in Gazprom’s twin Nord Stream pipeline running through the Baltic […]
