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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

Banatski Dvor expansion delays deepen Serbia’s reliance on Hungarian storage

Serbia’s Banatski Dvor underground gas storage expansion is experiencing further slippage, according to project timelines that have moved past the previously targeted end of...

Montenegro extends Sinjajevina wind project timeline to 2030

Montenegro has extended the development timetable for the 112 MW Sinjajevina I wind farm, moving the expected commercial operation target toward 2030. The revised...

Hungary granted temporary EU delay on Serbia gas capacity bundling rules

Hungary has received temporary approval from the European Commission to postpone full implementation of EU gas-capacity rules at its border with Serbia until the...

ADMIE secures equipment for €3.5bn of grid projects through 2029

Greek transmission operator ADMIE has secured equipment for projects worth about €3.5 billion, cutting procurement risk across more than half of its €6 billion...

Federation of Bosnia electricity generation up 15.8% in August as trade falls

Electricity production in the Federation of Bosnia and Herzegovina increased in August compared with August 2025, while both imports and exports declined from year-earlier...