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SEE region: MOL launches new arbitration proceeding against Croatia

The Hungarian oil company MOL has launched a new arbitration proceeding against Croatia and is seeking compensation for damages caused by the government's anti-inflation...

Croatia: INA restarted fuel production in Rijeka refinery

Croatian oil and gas company INA announced that the fuel production at the Rijeka oil refinery has been gradually restarted following the completion of...

Croatia: MOL plans to build green hydrogen plant in Rijeka

Hungarian energy group MOL, the largest shareholder in Croatian oil and gas company INA, plans to build two green hydrogen plants - in Rijeka...

Romania: OMV Petrom and Romgaz need to develop a CCS capacity

The largest oil and gas companies in Romania, OMV Petrom and Romgaz, need to develop carbon capture and storage (CCS) capacities of 9 million...

Croatia: INA’s profit reached 250 million euros in 2023

Oil and gas company INA said that its consolidated net profit in 2023 remained the same as the previous year, at 250 million euros,...

Europe: Universities received 260 million euros from fossil fuel industry

Universities across Europe have accepted millions in funding from oil, gas and mining companies since 2016, despite many having pledged to reach net zero...

Latest news

SEE power markets 8/9 split as solar deepens midday lows while Italy keeps premium

Day-ahead electricity prices across Southeast Europe diverged sharply for delivery on Tuesday, September 8, as stronger solar supply compressed daytime values while Italy and...

Slovenia appoints GEN leadership ahead of Krško 2 nuclear project decisions

New executives at GEN energija and GEN-I Slovenia has appointed new leadership at state-owned GEN energija and electricity supplier and trader GEN-I, changing management at...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in...

EPCG completes major works on €26m Gvozd 2 wind expansion in Montenegro

Montenegro’s state power utility EPCG has completed most work on the second of three turbine foundations at its 21 MW Gvozd 2 wind project,...

Greece approves €2.3bn programme for island grids, renewables and storage

Greece has secured approval for a €2.3 billion programme aimed at decarbonising its islands, with Athens directing more than €2 billion towards electricity interconnections,...