OMV Group

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Pipe sections for Nord Stream 2: Gazprom plans to open the taps at the Russian end of the 1,200km-long pipeline in late 2019. Photograph: Jens Köhler/ullstein bild via Getty Images
Nord Stream 2: Gas pipeline from Russia that’s dividing Europe

Lubmin is a picturesque resort on Germany’s Baltic Sea coast that boasts a long stretch of sandy beach bordered by soft dunes and a lush pine forest. (...)

Bank of Ireland had the most negative impact on the Iseq on Friday and closed down by 6.1 per cent on the day. Photograph: Aidan Crawley/Bloomberg
European shares ease as political worries subside

European shares eased on Friday as investors took profits, but sealed their strongest week since December as political worries subsided and brokers fo(...)

The Siccar Point Energy-OMV deal marks the biggest acquisition in the UK offshore energy industry since crude prices crashed two years ago
UK energy group Siccar buys $1bn of North Sea assets

Siccar Point Energy, a company backed by Blackstone, the US private equity group, has agreed to pay up to $1 billion for the North Sea assets of Austr(...)

In Dublin, Aer Lingus stock was up slightly but Ryanair fell by 1.8% as speculation about an IAG bid returns. Photograph: Eric Luke
Greek bond yields up over debt concern

The dollar bounced back from four-month lows, while Greek bond yields jumped on worries the country would not be able to make its debt payments.Wall (...)

The area west of Shetland where the Rosebank field was discovered in 2004 is virtually the only part of UK waters where oil and gas reserves have yet to be exploited
Chevron throws doubt on Rosebank North Sea development

Chevron, the US oil group, has raised doubts if it will proceed with its £6 billion (€7bn) Rosebank oil project 130km west of the Shetland Islands, a (...)

Statoil sells stakes in North Sea oil fields in €2 billion deal

Norway’s Statoil sold stakes in North Sea oil fields to Austria’s OMV yesterday, in a €2 billion deal, giving the former cash to develop new projects (...)

Austrian energy group OMV CEO Gerhard Roiss addressing a news conference in Vienna this morning. Norway’s Statoil sold stakes in North Sea oil fields to OMV on Monday, in a $2.65 billion deal giving the former cash to develop new projects and placing the latter on course to meet ambitious output targets. Photgraph: REUTERS/Heinz-Peter Bader
Statoil sells stake in North Sea oil fields for $2.65 billion

OMV, the biggest central European energy company, paid $2.65 billion (€2bn) to Statoil in its largest deal on record for stakes in four North Sea o(...)