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hydrocarbon concessions

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Hungary initiates new hydrocarbon concession round for oil and gas exploration

Hungary has announced a new initiative to enhance its upstream energy sector by inviting companies to apply for hydrocarbon concessions in several previously unlicensed...

Hungary opens tenders for hydrocarbon concessions to boost domestic production

The Hungarian Ministry of Energy has announced the launch of tenders for hydrocarbon concessions in eight areas, aiming to increase domestic hydrocarbon production and...

Romania, NIS to build facilities at its hydrocarbon concessions in Romania

Serbian oil company NIS, majority owned by Russian GazpromNeft, published a tender for the preparation and obtaining of the documentation necessary for the construction...

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Europe: Brent prices recover on Middle East developments as gas and CO2 markets stay steady

Front-month Brent crude oil futures on the ICE market recorded a weekly low settlement price of $99.25/bbl on Tuesday, September 22, following five consecutive...

Europe: Power prices climb across major markets amid lower wind generation

Weekly average electricity prices increased across most major European electricity markets during the fourth week of September, with Italy the only market to record...

Europe: Electricity demand declines across major markets amid cooler temperatures

Electricity demand declined across most major European power markets during the week of September 21 compared with the previous week. Italy recorded the largest...

Europe: Solar output rises as wind generation falls across major power markets

Solar photovoltaic generation increased across most of Europe’s major electricity markets during the week of September 21 compared with the previous week. Germany recorded...

Serbia’s day-ahead power prices surge as Southeast European markets diverge

Day-ahead electricity prices in Serbia rose by €47.20/MWh to €150.18/MWh for October 1, as Hungary, Romania and northern Balkan markets recorded significant increases, while...