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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

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...