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Europe: Oil, gas and...

Brent crude oil futures for the front-month contract on the ICE market reached...

European power prices rise...

During the first week of November, average electricity prices rose in most major...

Europe: Electricity demand rises...

During the first week of November, electricity demand rose across the main European...

Solar and wind power...

During the week of November 3, solar photovoltaic (PV) production increased across all...
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Montenegro to launch tender for gas exploration in 2024

Montenegro has the potential to develop new gas projects, and by the end of the year, a public call will be issued for the...

Croatia: INA’s profit reached 158 million euros in the first nine months

Oil company INA recorded a net profit of 158 million euros in the first nine months - 58% lower compared to the same period...

Hungary: MOL agreed levels of hydrocarbon extraction for 2023 and 2024

Oil and gas company MOL has signed an authority contract with the Hungarian state that sets minimum levels of hydrocarbon extraction in Hungary for five categories...

Romania: OMV Petrom – hydrocarbon production dropped to 113.000 barrels/day in Q3

OMV Petrom’s hydrocarbon output dropped to 113.500 barrels of oil equivalent per day in the third quarter of 2023, compared to 117.200 barrels of...

Hungary: Mining is still a key sector

Although we are in the midst of the energy transition and renewable energy sources are on the rise, the country’s raw material resources must...

Romania: OMV Petrom recorded a 192 million euros profit in the first six months

Oil and gas company OMV Petrom, part of OMV Group, recorded a net profit of 191.5 million euros in the first half of 2023. That is...

Latest news

Bosnia and Herzegovina: Breakthrough achieved on 13-kilometer headrace tunnel for HPP Dabar, one of the largest in Europe

A ceremony marked the completion of the breakthrough phase of the headrace tunnel for Hydropower Plant (HPP) Dabar, one of the largest hydraulic tunnels...

Serbia: EPS launches €110 million modernization of Vlasina hydropower plants to boost capacity and extend lifespan

Serbia’s state-owned power utility EPS is continuing its hydropower modernization program, following upgrades at the Bajina Bašta, Zvornik, and Đerdap 1 plants. The next...

Montenegro: EPCG completes modernization of Perucica HPP Unit A7, extending lifespan and boosting efficiency

Montenegrin state-owned power utility EPCG has completed the reconstruction and modernization of Unit A7 at the Perucica hydropower plant, marking a major milestone in...

North Macedonia faces critically low hydropower reserves amid prolonged drought

Prolonged drought and scarce rainfall have severely reduced water levels in North Macedonia’s reservoirs and hydropower plants. According to data from state-owned power utility...

Slovenia: Hydropower output drops 24% in first nine months as uneven rainfall impacts generation

Hydropower plants along Slovenia’s main rivers generated 2,962.4 GWh of electricity in the first nine months of the year, a decline of more than...
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