The Gasprom logo is seen at a new power plant in Sochi, Russia. The Austrian energy company OMV said on 11 December that it has terminated its long-term gas supply contract with Russia's Gazprom ...

Austria spent this heating season with one of the highest wholesale electricity prices in the European Union. The main reason ...

BUCHAREST, - Drilling at Romania's Neptun Deep offshore gas project began in the Black Sea on Sunday, its owners said on Tuesday, putting one of the EU's largest gas deposits on track for production ...

In November 2024, OMV also won a case against Russian gas monopoly Gazprom over the breach of the German gas supply schedule. The arbitration tribunal ordered Gazprom to pay OMV over $243 million.

OMV AG shows strong fundamentals but is overvalued. Read why it's a Hold for OMVKY stock until €35/share and how it compares ...

European gas futures dropped as much as 4.5% after President Vladimir Putin said a potential energy cooperation deal between ...

Germany’s RWE and Uniper said earlier that they had also made payments for Russian gas under the new scheme VIENNA, June 1. /TASS/. Austria’s OMV paid for Russian gas supplies under a new ...

TASS/. The Russian pipeline gas is generally twice cheaper for European consumers as compared to liquefied natural gas (LNG) prices, Chief Executive Officer of Austria’s OMV Rainer Seele said at ...

VIENNA — Russia's state-owned natural gas company Gazprom stopped supplies to Austria early Saturday, according to the Vienna-based utility OMV, after OMV said it would stop payments for the gas ...

On Tuesday, the owners of Romania's Neptun Deep offshore project announced that drilling had begun in the Black Sea. This could ...