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Greece: ExxonMobil and Helleniq Energy advance seismic research off Crete for gas exploration

A consortium of ExxonMobil and Helleniq Energy has launched the second phase of seismic research at a gas exploration block off the coast of...

Greece: Exxon Mobil begins seismic studies of gas reserves 

Greek Prime Minister Kyriakos Mitsotakis announced that Exxon Mobil will begin seismic surveys in two blocks southwest of the Peloponnese peninsula as well as...

Greece: Crete seismic survey results to be published in March

Initial results of 2D seismic surveys conducted by the ExxonMobil-Helleniq Energy consortium at plots off Crete are expected in March when the consortium plans...

Greece: Offshore Crete drilling decision in 2024

ExxonMobil and Helleniq Energy, the holders of offshore licenses west and southwest of Crete, are awaiting the results of seismic surveys completed by Norwegian...

Romania: DNA examines Romgaz’s takeover of ExxonMobil’s stake in Neptun Deep project

Prosecutors of the Romanian National Anticorruption Directorate (DNA) requested information from state-controlled natural gas producer Romgaz on the transaction regarding the acquisition by Romgaz...

Greece, ExxonMobil could start drilling off Crete a year earlier

According to the Greek Hydrocarbon Management Company (EDEY), US giant ExxonMobil could begin drilling at its licenses offshore Crete a year earlier than planned...

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Hungarian power prices surge as weak wind drives Southeast Europe higher

Hungarian electricity prices jumped nearly 12% for Tuesday delivery, driving a broader increase across Southeast Europe as a sharp decline in forecast wind generation...

TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The...

Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

North Macedonia extends oil-supply emergency framework to April 2027

North Macedonia has prolonged its oil-supply emergency framework, with the country’s parliament extending the measure until April 20, 2027. The extension keeps government powers...