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Albania: Shell to exit oil exploration sector after accumulating losses

Shell, the Dutch multinational company, has decided to withdraw from its oil exploration efforts in Block 4, located in the southern part of Albania....

Croatia: INA and Vermillion Energy to search for oil and gas

Croatian oil and gas company INA Group and energy producer Vermilion Energy signed a deal to jointly explore oil and gas reserves in the...

Croatia, Oil company INA signed a concession agreement for East Bir El Nus area in Egypt

Croatian oil company INA signed a concession agreement for East Bir El Nus area in Egypt with Egyptian General Petroleum Corporation (EGPC) and Energean,...

Bulgaria, Ministry of Energy said that it has extended by two years the oil and natural gas exploration permit

Bulgarian Ministry of Energy said that it has extended by two years the oil and natural gas exploration permit for the 1-21 Khan Asparuh...

Latest news

Hungarian power prices surge as weak wind drives Southeast Europe higher

Hungarian electricity prices jumped nearly 12% for Tuesday delivery, driving a broader increase across Southeast Europe as a sharp decline in forecast wind generation...

TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The...

Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

North Macedonia extends oil-supply emergency framework to April 2027

North Macedonia has prolonged its oil-supply emergency framework, with the country’s parliament extending the measure until April 20, 2027. The extension keeps government powers...