OIL AND OIL DERIVATES

Spudding Date of Albania’s Velca Block in Early Q3 2018

Date: 23.02.2018 Author: Peter Palčec
Spudding Date of Albania’s Velca Block in Early Q3 2018Photo: Victor Habbick via FreeDigitalPhotos

Canada’s Pennine Petroleum Corporation anticipates a spudding date of early in the third-quarter of 2018 for its first well 1 in Albania’s Velca Block, with a wide range of preparatory activities

BP: Coal’s Share in EU Energy Mix to Fall to 6% by 2040, RES to Grow to 27%

Date: 22.02.2018 Author: Tanja Srnovršnik Volarič
BP: Coal’s Share in EU Energy Mix to Fall to 6% by 2040, RES to Grow to 27%Photo: Roman Peklaj

The share of coal in the EU’s energy mix will decrease from 15% in 2016 to 6% in 2040. Meanwhile, natural gas and renewables (including biofuels) will increase their share, each to 27%, according to

Romanian OMV Petrom's Operating Profit Up 122% in 2017

Date: 22.02.2018 Author: Tanja Srnovršnik Volarič
Romanian OMV Petrom's Operating Profit Up 122% in 2017Photo: OMV Petrom

The Romanian oil and gas group OMV Petrom generated an operating profit of RON 3.27 billion (EUR 701.8 million) in 2017, up 122% compared to 2016. This growth was driven mainly by higher sales and

Albania and Shell Sign Shpirag Block 4 Oil Exploration Agreement

Date: 22.02.2018 Author: Peter Palčec
Albania and Shell Sign Shpirag Block 4 Oil Exploration AgreementPhoto: Victor Habbick via FreeDigitalPhotos

Albania’s Minister of Infrastructure and Energy, Damian Gjiknuri, and the general supervisor of Shell Albania for Shell International Exploration and Management, Jon-Henk van Konijnenburg, have

Croatian INA Increases Operating Profit by 134% in 2017

Date: 21.02.2018 Author: Tanja Srnovršnik Volarič
Croatian INA Increases Operating Profit by 134% in 2017Photo: F. Buva

The Croatian oil and gas company INA generated an operating profit of HRK 1.42 billion (EUR 190.9 million) in 2017, a significant increase from the HRK 607 million (EUR 81.6 million) generated in

Croatia Adopts Protocol for Gas Pipeline to Bosanski Brod Oil Refinery

Date: 21.02.2018 Author: Peter Palčec
Croatia Adopts Protocol for Gas Pipeline to Bosanski Brod Oil RefineryPhoto: Energetika.NET

The Croatian government has adopted a protocol regulation regarding the direct connection of Republika Srpska’s Brod oil refinery to the gas system of Croatia, reported Energetika.ba.

Dejan Paravan, GEN-I: Even Snow Can Push Power Prices Down

Date: 16.02.2018 Author: Andreja Šalamun
Dejan Paravan, GEN-I: Even Snow Can Push Power Prices DownPhoto: Ana V. Vršnak

“Currently, the situation is very good for electricity consumers,” said Dejan Paravan, Chief Innovation Officer at the Slovenian energy company GEN-I, at a meeting of GEN Group’s partners in

Croatia's INA Increases Its Stake in BiH's Energopetrol to 88.6%

Date: 14.02.2018 Author: Ana Vučina Vršnak
Croatia's INA Increases Its Stake in BiH's Energopetrol to 88.6%Photo: INA

After it recapitalised the Bosnian oil distributor Energopetrol, the Croatian oil and gas company INA has now increased its stake in Energopetrol to 88.6%, reported SEEbiz. The Federation of BiH,

Croatia’s Janaf Chooses Contractor for Oil Tanks at the Omišalj Terminal

Date: 13.02.2018 Author: Peter Palčec
Croatia’s Janaf Chooses Contractor for Oil Tanks at the Omišalj TerminalPhoto: 

Three oil tanks at the Omišalj terminal, worth HRK 240 million (EUR 32 million), will be built by the Croatian company King ICT for Croatia’s oil pipeline operator Janaf, reported Energetika.ba.

Croatia’s Janaf Signs Oil Transportation and Storage Contracts with NIS and MOL

Date: 07.02.2018 Author: Peter Palčec
Croatia’s Janaf Signs Oil Transportation and Storage Contracts with NIS and MOLPhoto: Victor Habbick via FreeDigitalPhotos

Croatia’s oil pipeline operator Janaf has signed an oil transportation agreement for 2018 with the Serbian oil and gas company Naftna industrija Srbije (NIS), which is owned by the Russian company

Romania’s ANRM Wins Dispute Against Chevron Worth EUR 59.7m

Date: 06.02.2018 Author: Peter Palčec
Romania’s ANRM Wins Dispute Against Chevron Worth EUR 59.7mPhoto: Victor Habbick via FreeDigitalPhotos

The U.S. oil giant Chevron must pay USD 73.5 million (EUR 59.7 million) to Romania’s National Agency for Mineral Resources (ANRM) after terminating three oil concession agreements without complying

OMV Petrom Builds Fuel Storage Facility in Romania

Date: 05.02.2018 Author: Ana Vučina Vršnak
OMV Petrom Builds Fuel Storage Facility in RomaniaPhoto: Alenka Žumbar

Romania’s oil and gas company, OMV Petrom, has started building a new fuel storage facility near the city of Arad, Western Romania, reported Romania-insider.com.

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