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OIL AND OIL DERIVATES

Romanian Romgaz to Submit Bid For ExxonMobil’s Stake in Neptun Deep Perimeter

Date: 26.02.2021 Author: Peter Palčec
Romanian Romgaz to Submit Bid For ExxonMobil’s Stake in Neptun Deep PerimeterPhoto: INAgip

“The Romanian state-owned natural gas company Romgaz (SNG) will submit a bid within a couple of months for the 50% stake held by the U.S. group ExxonMobil in the Black Sea Neptun Deep perimeter,

Romanian OMV Petrom Reduces Carbon Intensity By 25% in a Decade

Date: 25.02.2021 Author: Tanja Srnovršnik
Romanian OMV Petrom Reduces Carbon Intensity By 25% in a DecadePhoto: OMV Petrom

The Romanian oil and gas company OMV Petrom has invested EUR 1.5 million in streamlining the lighting system of the ten industrial ramps at the Petrobrazi refinery. The ramps are used for unloading

Croatian Janaf Ends 2020 With Record Results And Plans Low-carbon Transition

Date: 24.02.2021 Author: Tanja Srnovršnik
Croatian Janaf Ends 2020 With Record Results And Plans Low-carbon TransitionPhoto: Janaf

Croatia’s state-owned oil pipeline operator Janaf increased its net profit by 10% in 2020 to HRK 288.1 million (EUR 38.04 million) and achieved the best business results since its establishment,

EU Commissioner: Green Fuels and Gases to Be Subject to Sustainability Certification

Date: 23.02.2021 Author: Tanja Srnovršnik
EU Commissioner: Green Fuels and Gases to Be Subject to Sustainability CertificationPhoto: European Commission

The revision of the renewable energy directive will include “a comprehensive certification for renewable and low-carbon fuels and gases, and it will come with an updated set of incentives to promote

BiH’s Brod Oil Refinery Applies For Gas Trade and Supply Permit

Date: 22.02.2021 Author: Peter Palčec
BiH’s Brod Oil Refinery Applies For Gas Trade and Supply PermitPhoto: Alenka Lena Klopčič

Bosnia and Herzegovina’s (BiH) Brod oil refinery has applied to the Energy Regulatory Commission (REERS) of Republika Srpska for a gas trade and supply permit, according to REERS’ website.

Croatian INA Turned to Operating Loss in 2020

Date: 22.02.2021 Author: Peter Palčec
Croatian INA Turned to Operating Loss in 2020Photo: F. Buva

The Croatian oil and gas company INA generated an operating loss (excluding special items) of HRK 798 million (EUR 105.35 million) in 2020, while in 2019 the company generated an operating profit of

FT: Total CEO Warns of Renewable Energy “Bubble”

Date: 18.02.2021 Author: Tanja Srnovršnik
FT: Total CEO Warns of Renewable Energy “Bubble”Photo: Roman Peklaj

Renewable energy assets are in a “bubble” that has led to a string of deals with “crazy” valuations, according to Patrick Pouyanné, the chief executive of the French oil and gas company

IEA Forecasts Stronger Oil Demand Growth in H2 2021

Date: 12.02.2021 Author: Tanja Srnovršnik
IEA Forecasts Stronger Oil Demand Growth in H2 2021Photo: Victor Habbick via FreeDigitalPhotos

While the rebalancing of the global oil market “remains fragile in the early part of 2021 as measures to contain the spread of COVID-19, with its more contagious variants, weigh heavily on the

Decision on MOL’s Shares in Croatian INA to be Reached by End of H1 2021

Date: 12.02.2021 Author: Peter Palčec
Decision on MOL’s Shares in Croatian INA to be Reached by End of H1 2021Photo: F. Buva

“A final decision on the repurchase of shares in the Croatian oil and gas company INA from the Hungarian oil and gas company MOL should be made in four to five months’ time,” said Croatia’s

OMV Plans to Further Optimise Its Portfolio By Selling Filling Stations in Slovenia

Date: 05.02.2021 Author: Valerija Hozjan
OMV Plans to Further Optimise Its Portfolio By Selling Filling Stations in SloveniaPhoto: OMV

The Austrian energy company OMV has decided to sell a 92.25% stake in OMV Slovenija, which includes 120 service stations in Slovenia, due to further optimisation of the company’s portfolio, the

OMV Intends to Sell a 92.25% Stake in Slovenia

Date: 05.02.2021 Author: Valerija Hozjan
OMV Intends to Sell a 92.25% Stake in SloveniaPhoto: OMV

The Austrian energy company OMV announced on Thursday that it will start the divestment process for its retail and commercial operations in Slovenia. OMV intends to sell a 92.25% stake in OMV

Romanian OMV Petrom's Operating Profit Down 65.44% in 2020

Date: 05.02.2021 Author: Peter Palčec
Romanian OMV Petrom's Operating Profit Down 65.44% in 2020Photo: Victor Habbick via FreeDigitalPhotos

The Romanian oil and gas group OMV Petrom generated an operating profit of RON 4.25 billion (EUR 300.94 million) in 2020, down 65.44% compared to 2019. This fall was driven mainly by the unfavourable



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