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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

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...