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 ...

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

SHEL and BP partner with Libya's NOC to explore and develop hydrocarbon potential across three key oilfields, marking a ...

After nearly two years of negotiations, Abu Dhabi National Oil Company and OMV agreed in March to merge their polyolefin ...

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

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

(Reuters) -Austrian oil and gas group OMV said on Wednesday gas production in the Black sea is envisaged to start in 2027, as part of its Neptun Deep project. Neptun Deep, a project in which OMV's ...

OMV expects the merger of petrochemical firms Borealis and Borouge agreed with ADNOC to boost its results already in the first quarter, the Austrian oil and gas group said on Tuesday. After nearly two ...

ADNOC and OMV merge holdings in Borouge and Borealis to form a Dh220 billion global chemicals giant, acquiring NOVA Chemicals for Dh49.2 billion. Learn about this transformative deal.

Austrian energy firm OMV and Abu Dhabi National Oil Co will merge their polyolefin businesses to create a $60 billion chemicals joint venture, capping two years of talks, the companies said. The JV ...

OMV, a multinational energy company based in Vienna, has shifted to other options, including increasing its own output of natural gas, drilling for oil and experimenting with geothermal energy.