OIL AND OIL DERIVATES

Australia’s Woodside Acquires Stake in Offshore Block in Bulgaria

Date: 16.08.2018 Author: Peter Palčec
Australia’s Woodside Acquires Stake in Offshore Block in BulgariaPhoto: www.pixabay.com

The Australian oil and gas company Woodside entered into a farm-in agreement in July 2018 with Shell International Exploration and Development Italia to acquire a 30% non-operated participating

Croatian INA Granted Extension of Licence at Egyptian Ras Qattara Concession

Date: 16.08.2018 Author: Tanja Srnovršnik Volarič
Croatian INA Granted Extension of Licence at Egyptian Ras Qattara ConcessionPhoto: Tanja S. Volarič

The Croatian oil and gas company INA and Italian Eni's Egyptian Company IEOC (International Egyptian Oil Company) have been granted an extension of the Ras Qattara Concession licence until 28 March

IEA Revises Up 2019 Oil Demand Growth But Warns of Risks

Date: 14.08.2018 Author: Tanja Srnovršnik Volarič
IEA Revises Up 2019 Oil Demand Growth But Warns of RisksPhoto: Victor Habbick via FreeDigitalPhotos

The International Energy Agency (IEA) has revised up its 2019 oil demand growth outlook by 100,000 barrels of oil per day to 1.5 million barrels per day, partly due to the downward move of the forward

Montenegro Starts Public Debate on Draft Law on Safety of Hydrocarbon Operations

Date: 14.08.2018 Author: Tanja Srnovršnik Volarič
Montenegro Starts Public Debate on Draft Law on Safety of Hydrocarbon OperationsPhoto: Alenka Žumbar

The Montenegrin Ministry of Economy has launched a public debate on a draft law on the safety of hydrocarbon-related operations.

Romanian OMV Petrom Starts Oil Production from New Offshore LVO7 Well

Date: 10.08.2018 Author: Peter Palčec
Romanian OMV Petrom Starts Oil Production from New Offshore LVO7 WellPhoto: Victor Habbick via FreeDigitalPhotos

The Romanian oil and gas group OMV Petrom has started production from the new LVO7 offshore well, drilled in the Lebada Vest field. LVO7 is the first multilateral well that has been drilled in

MOL Serbia Appoints New Acting Director General

Date: 08.08.2018 Author: Tanja Srnovršnik Volarič
MOL Serbia Appoints New Acting Director GeneralPhoto: MOL archive

The Serbian unit of the Hungarian oil and gas company MOL has appointed Nataša Pjevac Vukšić as its acting director general.

Romanian OMV Petrom's Operating Profit Up 13% in H1 2018

Date: 03.08.2018 Author: Tanja Srnovršnik Volarič
Romanian OMV Petrom's Operating Profit Up 13% in H1 2018Photo: OMV Petrom

The Romanian oil and gas group OMV Petrom generated an operating profit of RON 1.78 billion (EUR 385.37 million) in the first half of 2018, up 13% compared to the same period in 2017. This growth was

Pennine Seeks Partners for Development of Albania’s Velca Block

Date: 02.08.2018 Author: Tanja Srnovršnik Volarič
Pennine Seeks Partners for Development of Albania’s Velca BlockPhoto: Tanja S. Volarič

Canada’s Pennine Petroleum Corporation said on Wednesday that it has established a “virtual data room” for potential joint venture partners wishing to participate in its Velca Block production

Government Ordinance on Romanian Offshore Law to Be Issued

Date: 02.08.2018 Author: Peter Palčec
Government Ordinance on Romanian Offshore Law to Be IssuedPhoto: © European Communities, 2009

The leader of the Romanian Social Democratic Party (PSD), Liviu Dragnea, announced on Sunday evening that talks are being held on the possible issuing of a government ordinance on the Offshore Law,

BiH's Brod Oil Refinery Generates EUR 3.11m Net Loss in H1 of 2018

Date: 02.08.2018 Author: Peter Palčec
BiH's Brod Oil Refinery Generates EUR 3.11m Net Loss in H1 of 2018Photo: Alenka Žumbar

Rafinerija nafte Brod, an oil refinery in Republika Srpska, generated a net loss of KM 6.10 million (EUR 3.11 million) in the first half of 2018, down from the KM 7.53 million (EUR 3.5 million) net

BiH’s Nestro Petrol Turns to Loss in H1 2018

Date: 01.08.2018 Author: Tanja Srnovršnik Volarič
BiH’s Nestro Petrol Turns to Loss in H1 2018Photo: Victor Habbick via FreeDigitalPhotos

Nestro Petrol, a distributor of oil and petroleum products from Republika Srpska, one of the two entities in Bosnia and Herzegovina (BiH), generated a net loss of KM 2.24 million (EUR 1.14 million) in

Serbian NIS's Profit Down 7.3% in H1 2018

Date: 31.07.2018 Author: Tanja Srnovršnik Volarič
Serbian NIS's Profit Down 7.3% in H1 2018Photo: www.nis.yu

The Serbian oil and gas company Naftna industrija Srbije (NIS) generated a net profit of RSD 11.5 billion (EUR 97.5 million) in the first half of 2018, down 7.26% compared to the same period in 2017,

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