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Hungary: MOL discovers new oil field

MOL has made a significant oil discovery near Somogysamson in western Hungary. Exploration drilling, conducted in December 2024 at a depth of 1,250 meters,...

Hungary: Vecses oil field boosts domestic production and supply security

The Vecses oil field, located near Budapest, has exceeded expectations, making a significant contribution to Hungary’s oil production. To date, the field has produced...

Greece: Energean to expand carbon capture capacity at Prinos oil field

Energean has announced plans to enhance the carbon capture potential of the Prinos oil field in northern Greece, which now has the capacity to...

Latest news

Slovenia net generation down 13% in August as imports increase

Slovenia’s net electricity generation fell 13% year on year in August to 919 GWh. Production was also 7% lower than in July. The month’s...

Serbia launches $600 million gas network modernisation with World Bank support

Serbia has secured a $600 million World Bank framework for a gas-system overhaul. The programme is planned as a decade-long modernisation of Serbia’s gas...

Bulgargaz obtains 10-year wholesale gas licence for Serbia

Bulgargaz, the Bulgarian state-owned gas supplier, has secured a 10-year wholesale gas licence in Serbia. The permit authorises the company to conduct commercial gas...

North Macedonia generation drops 22% in July as renewables rise

North Macedonia’s gross electricity generation declined 22.3% year on year to 460,035 MWh in July, even as hydro and wind output increased. The month’s...

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in...