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Oil&gas industry, Serbia as hub for R&D, design, engineering, fabrication and sales to MENA and FTA markets

Focusing on design, engineering, and IT services in the context of Serbia as a nearshoring hub for the oil and gas industry's tech equipment...

Romania: OMV Petrom reports lower sales and profits in Q3 and first nine months

Romanian oil and gas company OMV Petrom reported a 43% drop in sales and a 64% drop in the net income in the third...

Romania: OMV Petrom – hydrocarbon production dropped to 113.000 barrels/day in Q3

OMV Petrom’s hydrocarbon output dropped to 113.500 barrels of oil equivalent per day in the third quarter of 2023, compared to 117.200 barrels of...

Montenegro: EPCG recorded a profit of 101 million euros in H1

Montenegrin public power utility EPCG recorded a net profit of 101.5 million euros in the first six months, compared to a profit of 6.45...

Latest news

SEE power prices jump as weekday demand returns, Serbia tops €300/MWh

Southeast European day-ahead electricity prices surged on Monday, October 19, as the return of weekday demand, weaker renewable generation forecasts and continued reliance on...

Greece unveils €200 million battery storage scheme as project pipeline grows

Greece is preparing a €200 million battery-storage support programme as the country seeks to accelerate the deployment of standalone batteries and renewable-linked storage. The...

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...