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OIL AND OIL DERIVATES

Croatian HEP’s operating profit up 27.4% in 2020

Date: 07.05.2021 Author: Peter Palčec
Croatian HEP’s operating profit up 27.4% in 2020Photo: Energetika.NET archive

The Croatian state-owned power utility HEP increased its operating profit by 27.4% in 2020 to HRK 2.16bn (EUR 286.6m), due to lower costs of power purchase and fuel.

Serbian Pančevo gas plant to be operational in Q3 2021

Date: 04.05.2021 Author: Peter Palčec
Serbian Pančevo gas plant to be operational in Q3 2021Photo: NIS

Construction works at Serbia’s Pančevo gas-fired cogeneration plant are in the final phase and the plant should be operational in the third quarter of this year, said Pavel Sergeev, Gazprom

Croatian INA turns to operating profit in Q1 2021

Date: 30.04.2021 Author: Peter Palčec
Croatian INA turns to operating profit in Q1 2021Photo: F. Buva

INA turned a HRK 900m (EUR 118.94m) operating loss in Q1 2020 into an operating profit of HRK 84m (EUR 11.1m) in Q1 2021, the Croatian oil and gas company said on Thursday.

Romanian OMV Petrom's operating profit down 14.8% in Q1 2021

Date: 29.04.2021 Author: Peter Palčec
Romanian OMV Petrom's operating profit down 14.8% in Q1 2021Photo: Victor Habbick via FreeDigitalPhotos

The Romanian oil and gas group OMV Petrom decreased its operating profit by 14.8% year on year to RON 707m (EUR 143.6m) in the first quarter of 2021, driven mainly by the unfavourable market

Austria’s OMV raises its 2021 oil, gas price outlook

Date: 29.04.2021 Author: Christian Driessen, Montel
Austria’s OMV raises its 2021 oil, gas price outlookPhoto: Martina Budal

Austrian oil and gas company OMV expects Brent crude oil prices to average between USD 60-65/bbl and gas prices above EUR 11/MWh this year, higher than previously anticipated, due to an expected

Croatian Janaf’s net profit up 3.8% in Q1 2021

Date: 28.04.2021 Author: Peter Palčec
Croatian Janaf’s net profit up 3.8% in Q1 2021Photo: Janaf

Croatia’s state-owned oil pipeline operator Janaf increased its net profit by 3.8% year on year to HRK 76.4m (EUR 10.1m) in the first quarter of 2021, amid its transformation into an energy company.

Serbian NIS continuing hydrocarbon exploration in Republika Srpska

Date: 28.04.2021 Author: Peter Palčec
Serbian NIS continuing hydrocarbon exploration in Republika SrpskaPhoto: Victor Habbick via FreeDigitalPhotos

The Serbian state-owned oil company Naftna industrija Srbije (NIS) has successfully implemented a seismic research project near the village of Obudovac in Republika Srpska’s Posavina region, said

Croatia’s new strategy foresees 210 MW new wind and solar capacity per year

Date: 27.04.2021 Author: Peter Palčec
Croatia’s new strategy foresees 210 MW new wind and solar capacity per yearPhoto: arhiv Energetike.NET

Croatia will add on average 110 MW new wind capacity and 100 MW new solar capacity per year over the next 30-year period, according to the Croatian low-carbon development strategy until 2030 with an

Global emissions to rise by 5% in 2021 – IEA

Date: 20.04.2021 Author: Peter Palčec
Global emissions to rise by 5% in 2021 – IEAPhoto: Ana Vučina Vršnak

Global demand for all fossil fuels is set to grow significantly in 2021, underpinning a rise in emissions of almost 5%, said the International Energy Agency (IEA) on Tuesday.

Serbian RES investments to amount to EUR 4.4bn

Date: 16.04.2021 Author: Peter Palčec
Serbian RES investments to amount to EUR 4.4bnPhoto: arhiv Energetike.NET

The Serbian government expects significant investments in renewable energy sources (RES), which should amount to EUR 4.4 billion.

Agora: North Macedonia Should Announce a Coal-Phase Out Date As Soon As Possible

Date: 29.03.2021 Author: Peter Palčec
Agora: North Macedonia Should Announce a Coal-Phase Out Date As Soon As PossiblePhoto: Roman Peklaj

North Macedonia should set a deadline for when the last lignite coal electricity producing unit will be shut down as soon as possible, according to Sonja Risteska from Agora Energiewende.

Without Blue Hydrogen It Will Not Be Possible to Decarbonise Quickly Enough

Date: 26.03.2021 Author: Peter Palčec
Without Blue Hydrogen It Will Not Be Possible to Decarbonise Quickly EnoughPhoto: Roman Peklaj

It will be impossible to build out green hydrogen production with the speed and scale needed in order to decarbonise our economy without the participation of blue hydrogen, according to Helge Haugane



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