OMV | Egypt Oil & Gas
ADNOC, OMV Partner to Form $60B Global Petrochemical Giant
ADNOC and OMV have entered into a binding framework agreement to combine their shareholdings in Borouge plc and Borealis AG into a new entity called Borouge Group International, worth over $60 billion. Upon completion...
OMV Anticipates $215M Boost in Q4 Earnings from Gazprom Arbitration
Austrian oil and gas company OMV has forecasted positive results on its fourth quarter of 2024, expecting about €210 million ($215.4 million) of earnings driven by its German gas supply contract with Gazprom. The comp...
TotalEnergies Completes Acquisition of 50% Stakes in SapuraOMV
TotalEnergies has completed its acquisition of the stakes held by OMV and Sapura Upstream Assets in SapuraOMV Upstream, resulting in TotalEnergies now holding 50% of SapuraOMV, an independent gas producer based in Mal...
OMV Awards One-Well Exploration Contract to Maersk Drilling
Maersk Drilling has secured a one-well contract with OMV (Norge) AS, the company announced. Using Maersk Intrepid, it will drill a high pressure, high temperature exploration well in the Oswig prospect in Block 30/5C ...
ADNOC Launches AGT for Trading Refined Products
The Abu Dhabi National Oil Company (ADNOC) announced the official launch of its second trading arm ADNOC Global Trading (AGT), which is a joint venture (JV) between ADNOC, Eni and OMV, with shares of 65%, 20% and 15%,...
ENI, ADNOC Refining Set Up New Trading JV
Eni announced that it has acquired a 20% equity interest in ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), as part of a $3.24 billion strategic partnership agreement, according to a compan...
UAE, Indonesia Agree Deals Worth $9.7 B
Emirati and Indonesian companies signed agreements worth a total of $9.7 billion during a state visit by the Abu Dhabi Crown Prince Mohammed bin Zayed to Indonesia, Reuters reported. Mubadala and Indonesia’s Chandra A...
ADNOC Inks MoUs with OMV
The Abu Dhabi National Oil Company (ADNOC) has inked two memoranda of understanding (MoUs) with OMV to cooperate in developing the downstream sector, ADNOC announced on March 23. The MoUs were signed by Sultan Ahmed A...
