Austria








Oil & Gas

Refined Products

Austria's OMV records lower very first quarter energy costs

Austrian oil and gas group OMV on Tuesday stated average understood costs for energy declined over the very first three months of the year, tracking a. 3.4% quarterly drop in the typical understood price of crude. Compared to (the fourth quarter of 2023), retail and. industrial margins decreased significantly, OMV said in a. first-quarter trading upgrade. The average realised rate for natural gas fell by 18.3% to. 21.9 euros per MWh, it added. OMV's European refining reference margin was 8.5% greater on. a quarterly basis but down 27.34% year-on-year. Petrochemical margins were mixed, with ethylene and. propylene indicators falling by...

Carbon Emissions

IAEA primary pushes development banks to fund brand-new atomic energy projects, feet reports

International Atomic Energy Company primary Rafael Grossi has actually asked worldwide development banks and their federal government investors to fund new atomic energy projects, mentioning that stopping working to do so could delay the energy shift, the Financial Times reported on Monday. The U.N. nuclear guard dog chief told the Financial Times in an interview that lack of financing for emissions-free nuclear energy by multilateral loan providers such as the World Bank and Asian Development Bank was out of action with the dreams of most of their shareholders, adding that there has been a sea-change in the outlook on nuclear...

Oil & Gas

ADNOC's $30 bln chemicals tie-up with Austria's OMV stalls, feet reports

Talks related to a prepared $30 billion merger between the chemicals arms of Abu Dhabi National Oil Business (ADNOC) and Austrian oil and gas business OMV have stalled in current weeks, the Financial Times reported on Friday. The parties halted settlements to browse a series of disagreements, which include the name of the merged unit, the report said, citing people familiar with the matter. It is still possible that talks will resume and a deal will become reached, feet stated. We remain in open-ended and ongoing settlements and can not. comment further, OMV stated in an emailed declaration to ....

Fossil Fuels

Fossil Fuels

Covestro: no due date to conclude ADNOC talks, will take the needed time

Covestro said on Wednesday that it is under no legal due dates to come to a. choice in talks with suitor Abu Dhabi National Oil Business. ( ADNOC) and that it would put in the time it needs to think about a. prospective takeover by ADNOC. We will put in the time that is needed to come to the best. possible option for investors and other stakeholders, CEO. Markus Steilemann informed investors at the annual general. meeting, held essentially and broadcast on the internet. The chemical maker dealt with investor concerns about the. lengthy negotiation, 7 months after Covestro said...

Fossil Fuels

Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** German rail operator Deutsche Bahn stated that it will take a while to evaluate the deals received for its logistics subsidiary Schenker after the submission due date. ** In between 7 and 10 companies have actually made non-binding deals for Schenker, the logistics subsidiary of German national rail company Deutsche Bahn, the Handelsblatt business daily reported, pointing out sources familiar with the matter. ** German broadcaster ProSiebensat.1 contacted investors to vote down propositions by MFE-MediaForEurope at the upcoming annual general conference, pressing back versus the...

Fossil Fuels

Europe's gas stocks point to healthy supply next winter season

The European Union will have a lot of gas in stock next winter season and the staying purchasers of Russian pipeline gas in main Europe are dealing with alternative imports in case transit through Ukraine stops from January, experts and business stated. European gas rates have actually been up to levels seen prior to Russia's February 2022 intrusion of Ukraine this year, touching a. three-year low in February, as moderate weather condition and high renewable. power output curbed gas need and minimized the quantity of gas. that requires to be drawn from storage. Nevertheless, a deal checked in 2019 between...

Nuclear Power

Nuclear Power

How close is Iran to having nuclear weapons?

As its 2015 nuclear offer with significant powers has worn down for many years, Iran has actually expanded and accelerated its nuclear program, reducing the time it would need to build a nuke if it picked to, though it rejects wishing to. A senior Iranian Revolutionary Guards leader stated on Thursday that Iran could review its nuclear doctrine amidst Israeli hazards. While it was uncertain exactly what he implied, and that term tends to refer to countries that, unlike Iran, have nuclear weapons, listed below is an overview of where Iran stands. COLLAPSE OF THE DEAL AND BREAKOUT TIME The...

Nuclear Power

IAEA chief states Zaporizhzhia nuclear plant attacks run the risk of harmful shift in Ukraine war

Drone attacks on the Russianheld Zaporizhzhia nuclear reactor in Ukraine need to stop as they might posture a new and seriously unsafe phase in the war, the U.N. nuclear watchdog chief informed his company's. 35nation Board of Governors on Thursday. Drones assaulted Zaporizhzhia, Europe's greatest nuclear power. plant, on Sunday, hitting a reactor building in the worst such. event since November 2022, though nuclear security was not. compromised, the International Atomic Energy Agency (IAEA) has. said. Moscow and Kyiv have consistently accused one another of. targeting the plant since Russia took it weeks after it. got into Ukraine. Both nations...

Nuclear Power

No safety issue from disallowed personnel at Zaporizhzhia nuclear plant, states IAEA chief

U.N. nuclear watchdog chief Rafael Grossi stated on Tuesday there is no direct safety problem from Ukrainian personnel being barred from accessing the Russianoccupied Zaporizhzhia nuclear power plant, which Ukraine has actually called a serious concern. The circumstance is not sustainable in the long term. At the exact same time, in today setup in shutdown, the staff that exists can do the task, International Atomic Energy Agency (IAEA) chief Grossi said in an interview with . He responded: Not straight when asked whether there were any security issues occurring from the staff who are banned from the plant. The Zaporizhzhia...

Nuclear Power

IAEA's Grossi plans to go over Zaporizhzhia plant with Russia's Putin

U.N. nuclear guard dog chief Rafael Grossi stated on Monday he plans to go over Russia's. plans for the Zaporizhzhia nuclear reactor it is inhabiting. in Ukraine when he fulfills Russian President Vladimir Putin this. week. Grossi is due to leave for Russia on Tuesday, he told a. interview on the opening day of a quarterly conference of. his company's 35-nation Board of Governors at which envoys from. various countries marked the second anniversary of Russian. forces seizing the Zaporizhzhia plant. Grossi's journey to Russia has long been prepared. He originally. planned to go there last month after a journey...