OIL AND OIL DERIVATES
Australia’s Woodside Acquires Stake in Offshore Block in Bulgaria
Date: 16.08.2018 Author: Peter Palčec
Photo: 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
Photo: 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
Photo: 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
Photo: 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 PalčecPhoto: 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
Photo: 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
Photo: 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 VolaričPhoto: 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
Photo: © 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
Photo: 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 VolaričPhoto: 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
Photo: 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,
