We extend the Lie-algebra time shift technique, introduced in [2], from the usual Weyl algebra (associated to the additive group of a Hilbert space H) to the generalized Weyl algebra (oscillator algebra), associated to the semi-direct product of the additive group H with the unitary group on H (the Euclidean group of H, in the terminology of [14]). While in the usual Weyl algebra the possible quantum extensions of the time shift are essentially reduced to isomorphic copies of the Wiener process, in the case of the oscillator algebra a larger class of Lévy process arises.Our main result is the proof of the fact that the generators of the quantum Markov semigroups, associated to these time shifts, share with the quantum extensions of the Laplacian the important property that the generalized Weyl operators are eigenoperators for them and the corresponding eigenvalues are explicitly computed in terms of the Lévy-Khintchin factor of the underlying classical Lévy process.