Tag Archive

Equinor and OMV have signed two MoU’s

Equinor and OMV have signed two MoU’s

June 26, 2019 No Comments

Equinor and OMV have signed two memorandums of understanding (MoU) to cooperate on both the Wisting development in the Barents Sea and the concept development for the Hades/Iris discovery in the Norwegian Sea. Both MoUs were signed this week by Arne Sigve Nylund, Equinor’s executive vice president for Development and Production Norway, and Johann Pleininger, […]

Gazprom and OMV enhancing sci-tech cooperation

Gazprom and OMV enhancing sci-tech cooperation

June 20, 2019 No Comments

The Joint Coordinating Committee for scientific & technical cooperation and partnership between Gazprom and OMV held a meeting in Vienna, Austria. The meeting was run by Oleg Aksyutin, Deputy Chairman of the Management Committee, Head of Department at Gazprom, and Johann Pleininger, Deputy Chairman of the Executive Board of OMV. The meeting participants reviewed issues […]

Pearl signs Gas Sales Agreement with Kurdistan Regional Government

Pearl signs Gas Sales Agreement with Kurdistan Regional Government

March 19, 2019 No Comments

Pearl Petroleum Company Limited (“Pearl Petroleum”), the Consortium led by Crescent Petroleum and Dana Gas of the UAE, has signed a new 20-year Gas Sales Agreement (GSA) with the Kurdistan Regional Government to enable production and sales of an additional 250 MMscf/day that the Consortium aims to produce by 2021 as part of their expansion […]

20-year Gas Sales Agreement Signed between Pearl Petroleum and KRG

20-year Gas Sales Agreement Signed between Pearl Petroleum and KRG

March 8, 2019 No Comments

Pearl Petroleum Company Limited (“Pearl Petroleum”), the Consortium led by Crescent Petroleum and Dana Gas of the UAE, has signed a new 20-year Gas Sales Agreement (GSA) with the Kurdistan Regional Government to enable production and sales of an additional 250 MMscf/day that the Consortium aims to produce by 2021 as part of their expansion […]

Shell  completes sale of its New Zealand entities

Shell completes sale of its New Zealand entities

December 28, 2018 No Comments

Royal Dutch Shell plc (Shell) has completed the sale of its shares in Shell entities in New Zealand, to OMV for $578 million. This includes the Māui, Pohokura, and Tank Farm assets, and the sale of Shell’s interest in (and operatorship of) the Great South Basin venture, which was subject to a separate agreement. The […]

ADNOC Awards Austria’s OMV 5% Stake in Ghasha Offshore Ultra-Sour Gas Concession

ADNOC Awards Austria’s OMV 5% Stake in Ghasha Offshore Ultra-Sour Gas Concession

December 19, 2018 No Comments

The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have awarded Austria’s OMV a 5 percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma, Nasr, Sarb and Mubarraz sour gas fields. OMV, which joins Italy’s Eni and Germany’s Wintershall as ADNOC’s partners in the concession, will contribute […]

Gazprom and OMV sign  contract Amendment

Gazprom and OMV sign contract Amendment

November 6, 2018 No Comments

“Over the past few years, Gazprom has been setting new records for exports to Austria. In the first ten months of 2018 alone, gas supplies to the country have grown by a third compared to the same period of 2017, reaching 8.8 billion cubic meters. The signing of a document on additional exports beyond the […]

OMV and Gazprom sign a “Basic Sale Agreement”

OMV and Gazprom sign a “Basic Sale Agreement”

October 4, 2018 No Comments

OMV and Gazprom have signed a “Basic Sale Agreement” which foresees a potential acquisition of a 24.98% interest in the Achimov IV and V phase development in the Urengoy gas and condensate field by OMV for a purchase price to be negotiated in good faith. The “Basic Sale Agreement” replaces the “Basic Agreement” concluded between […]

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Gazprom and OMV discuss gas supplies, Nord Stream 2

Gazprom and OMV discuss gas supplies, Nord Stream 2

September 26, 2018 No Comments

Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, met in St. Petersburg. The parties discussed strategic cooperation, focusing on Russian gas exports. It was noted that, according to estimates, in the period from January 1 through September 23, 2018, Gazprom had delivered 7.8 billion cubic […]

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OMV signs Heads of Agreement with Sapura Energy

OMV signs Heads of Agreement with Sapura Energy

September 12, 2018 No Comments

OMV has entered into a Heads of Agreement with Sapura Energy Berhad (“Sapura Energy”) to form a strategic partnership. The parties have agreed to continue negotiations on an exclusive basis. OMV intends to acquire a 50% interest in Sapura Energy’s wholly-owned subsidiary, Sapura Upstream Sdn Bhd (“Sapura Upstream”). Sapura Upstream is a major independent oil […]

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