I don't know about the Steam
or the english versions,
but I'm pretty sure that you should
not have the Nehrim Launcher in your Oblivion folder
can you just try uninstalling both, and then reinstalling? (you won't need the Addons, just the latest patch for Oblivion)
what exactly did you try to start?
- Launcher / Nehrim with some shortcut
- Nehrim with the Launcher
- directly
Oblivion(.exe) from the Nehrim folder?
if you didn't do that, try the last one, see if that does something else
