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MOL posts $1.25 billion pre-tax profit on refining strength

Hungarian energy group MOL reported a pre-tax profit of about $1.25 billion in the third quarter of 2026. Stronger refining margins, higher natural-gas prices and exceptional financial gains supported earnings despite continued pressure on petrochemicals and regulated retail margins.

Croatia’s JANAF lifts nine-month profit 5.7% to €35.2 million

In Croatia, oil pipeline operator JANAF raised net profit by 5.7% year on year to €35.2 million in the first nine months of 2026,...

NIS earns €197 million in nine months as refining margins strengthen

Serbia’s oil producer and refiner NIS recorded €197 million in net profit in the first nine months of 2026. EBITDA was €510 million, while...

EPS Reports €129 Million Profit in Q1 2026 Amid Infrastructure Upgrades

In a significant development for Serbia's energy sector, Elektroprivreda Srbije (EPS) announced a net profit of €129 million for the first quarter of 2026....

NIS Group Reports Strong Q1 2026 Profit Amid Regulatory Challenges

In the first quarter of 2026, the NIS Group faced significant operational hurdles due to licensing restrictions imposed by the US Department of the...

Montenegro: EPCG profits 22 million euros from electricity exports in H1

Despite the unprecedented heat, EPCG provides sufficient amounts of electricity for significantly increased consumption. From January 1 to June 30, thanks to professional and...

Latest news

BHP moves to end options on eight Serbian exploration licences

BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.

Centerra proposes nearly C$4.1 million for 9.9% Mundoro stake

Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.

Northstone secures commitments for about EUR1.45 million Serbia placement

Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.

European Energy weighs up to 1 GW complex in Bulgaria

European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.

JANAF halts Croatian crude flows after estimated 500 cubic metre spill

Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.