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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

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...