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Region: OMV launches major Black Sea gas project in Romania after cutoff from Russian supplies

After being cut off from Russian gas supplies since November 16, Austrian energy company OMV is ramping up efforts to develop a major gas...

Slovenia: Shell completed the takeover of petrol stations from MOL

The Slovenian subsidiary of Hungarian company MOL completed the sale of 39 petrol stations to Shell. MOL Slovenia announced that the handover of petrol...

Romania: OMV Petrom recorded a 192 million euros profit in the first six months

Oil and gas company OMV Petrom, part of OMV Group, recorded a net profit of 191.5 million euros in the first half of 2023. That is...

Slovenia: MOL completed the acquisition of OMV Slovenia

  Hungarian oil and gas company MOL has concluded the transaction of acquiring a stake in the Slovenian subsidiary of the Austrian OMV. As a...

Oil companies in Southeastern Europe accelerate renewable energy investments

INA, OMV Petrom, Motor Oil and MOL have all revealed progress in green energy investments and projects no more than a couple of days...

Slovenia: Shell will take over petrol stations from MOL by October

  Shell Adria is expected to take over 39 petrol stations from the Hungarian oil and gas company MOL in October. The petrol stations are...

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...