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Romania: JT Grup Oil announces dividend distribution and share buyback

JT Grup Oil, a company involved in petroleum product distribution and port operations, has announced several significant updates. The company, currently working on a...

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...

Bulgaria: SOCAR interested to purchase Lukoil’s business

Azerbaijan’s State Oil Company SOCAR is interested in purchasing the assets of the Russian company Lukoil in Bulgaria, local media reports. Local media claims that...

Serbia, NIS launched the tender for the carrying out of expert supervision

Serbian oil company NIS launched the tender for the carrying out of expert supervision over the construction and reconstruction of facilities at the petroleum...

Romania, OMV Petrom expects that in 2022 the demand for petroleum products will increase slightly

The largest Romanian oil and gas company OMV Petrom expects that in 2022 the demand for petroleum products will increase slightly, while the sale...

Latest news

SEE power markets 8/9 split as solar deepens midday lows while Italy keeps premium

Day-ahead electricity prices across Southeast Europe diverged sharply for delivery on Tuesday, September 8, as stronger solar supply compressed daytime values while Italy and...

Slovenia appoints GEN leadership ahead of Krško 2 nuclear project decisions

New executives at GEN energija and GEN-I Slovenia has appointed new leadership at state-owned GEN energija and electricity supplier and trader GEN-I, changing management at...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in...

EPCG completes major works on €26m Gvozd 2 wind expansion in Montenegro

Montenegro’s state power utility EPCG has completed most work on the second of three turbine foundations at its 21 MW Gvozd 2 wind project,...

Greece approves €2.3bn programme for island grids, renewables and storage

Greece has secured approval for a €2.3 billion programme aimed at decarbonising its islands, with Athens directing more than €2 billion towards electricity interconnections,...