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Albania: Albpetrol reports 1.9% increase in oil production for 2024

Albpetrol, Albania's state-owned oil company, reported a total oil production of 70,248 tons in 2024, marking a 1.9% increase from the previous year. The...

Hungary: MOL discovers oil in Vesces 

Energy group MOL has drilled a new oil well in Vecses, in central Hungary, to further explore and increase production from the oil field...

Hungary: Oil production from a major offshore platform started

BP, as operator of the Azeri-Chirag-Gunashli (ACG) project, in which Hungarian MOL holds a 9.57% stake, announced the start-up of oil production from the...

Bulgaria: Alpha Bulgaria to buy additional shares in Prista Oil Holding

Investment firm Alpha Bulgaria will seek shareholder approval to buy up to 200,000 shares in local motor and industrial oil producer Prista Oil Holding...

Serbia activated 42 new oil wells

In Serbia, oil production is carried out at 870 oil wells and 69 gas wells in operation, employing various extraction methods. Additionally, in 2023,...

Serbia: 42 new oil wells enter operation

Oil production in Serbia is carried out at 870 oil and 69 gas wells in operation, on which various exploitation methods are applied. In addition...

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...