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Croatia’s energy legacy and declining production

This year marks the 50th anniversary of the discovery of the Molva gas field, Croatia's most significant energy resource. INA, the national oil company,...

Hungary: MOL initiated natgas production in Kazakhstan

MOL, a part of the international joint venture Ural Oil and Gas LLP, has started producing gas from the well in the Rozhkovsky field...

Romania: Construction activities at Neptun Deep offshore project to start by 2025

OMV Petrom and Romgaz expect the first gas volumes from the Neptune Deep offshore project in the Black Sea to start in 2027 as...

Bulgaria: BEH plans to acquire up to 20% stake in the Khan Asparuh block in the Black Sea

The Bulgarian Parliament has tasked the Ministry of Energy to conduct negotiations on the terms under which Bulgarian Energy Holding (BEH) would acquire up...

Romania, Final investment decision on the Neptun Deep project could be made in mid-2023

CEO of Romanian oil and gas company OMV Petrom Christina Verchere said that the final investment decision on the Neptun Deep project in the...

Slovenia, Ascent expects that the Petisovci gas field in Slovenia will generate revenues in the amount of 100,000 euros per month

UK-based Ascent Resources said that it expects that the two wells at its Petisovci gas field in Slovenia will generate revenues in the amount...

Latest news

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...