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OIL AND OIL DERIVATES

Romanian OMV Petrom Develops New Low Sulphur Marine Fuel Oil

Date: 18.02.2020 Author: Peter Palčec
Romanian OMV Petrom Develops New Low Sulphur Marine Fuel OilPhoto: OMV Petrom

The Romanian oil and gas group OMV Petrom has developed a new marine fuel oil with a low sulphur content of up to 0.5% at its Petrobrazi refinery. This product is unique to the Romanian market. The

Romania's Power Imports Up 74.2% in 2019

Date: 13.02.2020 Author: Peter Palčec
Romania's Power Imports Up 74.2% in 2019Photo: Andreja Krašna

Romania's electricity imports increased by 74.2% to 5,110.2 GWh in 2019 compared to 2018, while electricity exports fell by 34.4% to 3,592.2 GWh, reported Romania's National Institute of Statistics.

Dragan Kovačević Gets New Mandate as CEO of Croatian Janaf

Date: 11.02.2020 Author: Tanja Srnovršnik
Dragan Kovačević Gets New Mandate as CEO of Croatian JanafPhoto: Janaf

The supervisory board of Croatia’s state-owned oil pipeline operator Janaf issued a decision on 7 February appointing Dragan Kovačević as the chairman of the company’s management board for the

Europe to Better Use Data in Support Of Green Deal

Date: 10.02.2020 Author: Peter Palčec
Europe to Better Use Data in Support Of Green DealPhoto: Pixabay

The EU Green Deal needs “digitalisation as an enabler for decarbonisation” in all sectors of the economy, including transport and energy, said the European Commission in a draft policy document,

Croatian INA Will Not Sell Shares in BiH’s Krajinapetrol

Date: 10.02.2020 Author: Peter Palčec
Croatian INA Will Not Sell Shares in BiH’s KrajinapetrolPhoto: F. Buva

The Croatian oil and gas company INA has rejected an offer by the company Nes for the purchase of INA’s shares in Bosnia and Herzegovina’s (BiH) energy company Krajinapetrol, reported SEEbiz.eu.

Romanian OMV Petrom's Operating Profit Down 19% in 2019

Date: 07.02.2020 Author: Tanja Srnovršnik
Romanian OMV Petrom's Operating Profit Down 19% in 2019Photo: OMV Petrom

The Romanian oil and gas group OMV Petrom generated an operating profit of RON 4.25 billion (EUR 891.9 million) in 2019, down 19% compared to 2018. This fall was mainly influenced by the

Romania's Romgaz Seeks Shareholders Approval For Advisor For ExxonMobil Stake

Date: 06.02.2020 Author: Peter Palčec
Romania's Romgaz Seeks Shareholders Approval For Advisor For ExxonMobil StakePhoto: Alenka Lena Klopčič

The Romanian state-owned gas producer Romgaz, has announced that the extraordinary general meeting of shareholders will be held on 11 March 2020. Among other items on the agenda, Romgaz will be

Romania Could Block Transfer of Oil and Gas Licences to Undesired Investors

Date: 05.02.2020 Author: Peter Palčec
Romania Could Block Transfer of Oil and Gas Licences to Undesired InvestorsPhoto: Alenka Lena Klopčič

Romania’s government has drafted an emergency ordinance that aims to offer the National Agency for Mineral Resources (ANRM) the authority to refuse to sign new concession agreements for oil and gas

FBiH Wants to Increase Tax on Oil Production

Date: 04.02.2020 Author: Tanja Srnovršnik
FBiH Wants to Increase Tax on Oil ProductionPhoto: Tanja S. Volarič

The House of Representatives of Federation of Bosnia and Herzegovina’s (FBiH) parliament voted in favour of the entity government-drafted law that introduces the tax on profits generated from oil

Romania's Competition Council Approves Takeover of Panebo Gaz by Gaspeco L&D

Date: 04.02.2020 Author: Tanja Srnovršnik
Romania's Competition Council Approves Takeover of Panebo Gaz by Gaspeco L&DPhoto: www.pixabay.com

The Romanian Competition Council has authorised a transaction by which the company Gaspeco L&D will take over Panebo Gaz, said the Competition Council on its website.

Belgian DSEC Launches Work on Croatian INA’s 2G-Ethanol Plant Project

Date: 03.02.2020 Author: Tanja Srnovršnik
Belgian DSEC Launches Work on Croatian INA’s 2G-Ethanol Plant ProjectPhoto: F. Buva

Belgian De Smet Engineers & Contractors (DSEC) has started working on a basic engineering contract for the Croatian oil and gas company INA, covering the OSBL (Outside Battery Limits) portion of a 2G

GlobalData: Shorter Cycle Investments to Characterise Oil and Gas Industry in 2020

Date: 30.01.2020 Author: Tanja Srnovršnik
GlobalData: Shorter Cycle Investments to Characterise Oil and Gas Industry in 2020Photo: Tanja S. Volarič

Oil and gas operators globally will continue to push for faster returns with shorter cycle investments as the industry moves away from giant developments, according to the data and analytics company


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