Austrian energy group OMV expects the Borouge-Borealis merger to have a positive effect of 120 million euros ($140.8 million) ...

The European Commission has determined that the merger doesn't threaten competition in the ethylene and polyolefins markets.

Plastics materials M&A surged in the first half of 2025, led by a $13.4 billion acquisition of Nova Chemicals by newly formed ...

(Reuters) -Austrian oil and gas group OMV recorded lower average energy prices in the second quarter of 2025, it said on ...

Acting Minister of Oil and Gas of the Government of National Unity, Khalifa Abdul-Sadig, has expressed interest in expanding ...

Austria's government — which owns 31.5% of OMV — framed the move as defiance against Russian attempts to blackmail the country, a common refrain from European leaders.

Austria has a long-established oil and gas industry, mostly run by OMV. Some 1,000 wells range over about 1,500 square miles of mostly flat land an easy drive from Vienna.

Russian gas apparently is still reaching Austria despite reportedly cutting off flows to top Austrian importer OM (OTCPK:OMVJF) over the weekend due to a contractual dispute, Reuters reported Monday.

Russian gas still reaching Austria despite OMV cut-off, data shows. By Jan Lopatka, Vladimir Soldatkin and Nina Chestney. November 18, 2024 6:00 PM UTC Updated November 18, 2024 ...

WHEN HE became chief executive of OMV in September 2021, Alfred Stern had one word for Austria’s oil-and-gas major: plastic. Having previously run the concern’s chemicals division, Borealis ...

Austria’s top energy official said it’s up to OMV AG executives and shareholders whether to extricate the firm from a long-term Russian natural gas contract, now that it’s sufficiently ...

Gas deliveries to Austria are falling again following a rise since Saturday but volumes are still above 30% of contractually agreed amounts, Austrian oil and gas group OMV said on Wednesday.