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Croatia: Successful completion of first exploration phase in SAVA-07 block, hydrocarbon discoveries at all wells

The first phase of exploration in the onshore SAVA-07 block, carried out by Vermilion Zagreb Exploration and INA, has concluded successfully, with hydrocarbon discoveries...

Croatia: Hydrocarbon production stabilizes as investments and infrastructure developments loom

This year, Croatia has halted its declining hydrocarbon production trend. While INA previously supplied 30% of domestic demand five years ago, this has now...

Romania: MOL Group and TPAO forge strategic partnership for hydrocarbon exploration

Hungarian MOL Group has signed a Memorandum of Understanding (MoU) with Turkish Petroleum Corporation (TPAO) to establish a strategic partnership focused on hydrocarbon exploration...

Greece: HEREMA announces completion of initial hydrocarbon surveys in Crete

The Greek Hydrocarbons and Energy Resources Management Company (HEREMA) has announced the successful completion of the first phase of hydrocarbon surveys conducted by ExxonMobil...

Vermilion announces hydrocarbon discovery in central Croatia

A local subsidiary of Canadian Vermilion Energy has announced the discovery of a commercially viable oil and gas field near Kutina in central Croatia....

Greece: Hydrocarbon exploration licence for Block 2 extended until March 2025

The Hellenic Hydrocarbons and Energy Resources Management Company, has granted a 12-month extension, until March 2025, to a hydrocarbon exploration license held by Energean...

Latest news

CBAM drives sharp decline in Western Balkan electricity trade with EU markets

Electricity trading between the Western Balkans and neighbouring European Union markets remained significantly below last year’s levels during the first half of 2026, providing...

Trading Note 16/9: Solar surge sends SEE power prices sharply lower as Italy decouples

Southeast European day-ahead electricity prices fell sharply on Wednesday, September 16, as stronger solar generation and lower regional demand eased the tight market conditions...

Hydrogen-to-power flexibility study links Slovenia’s ELES and Plinovodi systems

Electricity transmission operator ELES, gas system operator Plinovodi and Japan’s Yokogawa Electric signed a memorandum on Sept. 10 to develop a Slovenian hydrogen ecosystem...

Two-tier flexibility market framework for Montenegro’s aggregators and flexible loads

Montenegro is developing regulatory foundations for a two-level electricity flexibility market that would allow the same class of aggregators and flexible consumers to support...

Romanian household electricity demand drops 11.9% in first seven months of 2026

Household and sectoral consumption trends Electricity consumption by Romanian households fell by 11.9% year on year during the first seven months of 2026. The decline...