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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

Electricity and carbon costs reshape SEE industrial export economics

Analysis developed by Virtu.Energy Banks financing manufacturers across Southeast Europe increasingly need to assess whether borrowers can preserve their EU export margins after electricity costs, embedded...

ETS and CBAM reshape SEE electricity trade as carbon costs squeeze export margins

Analysis developed by Virtu.Energy Electricity producers, traders and banks across Southeast Europe are facing a growing gap between prices available on neighbouring EU electricity exchanges and...

Croatia amends Electricity Market Act to expand aggregation, grid studies, and connection rights

Croatia’s amended Electricity Market Act entered into force on October 15, 2026, introducing changes that go beyond conventional electricity-market reform. The legislation reshapes the...

Boron One Piskanja boron project valuation rises to €569m in updated assessment

Canadian mining company Boron One Holdings has raised the projected economic value of its Piskanja boron project in southern Serbia to approximately €569 million....

SEE electricity prices surge as wind generation drops and Serbia becomes the region’s most expensive market

Southeast European day-ahead electricity prices rose sharply on Friday, with Serbia emerging as the region’s most expensive market as weaker wind generation, higher cross-border...