OIL AND OIL DERIVATES

Croatian INA Concludes Merger Deal With Its Subsidiary INA Jadran

Date: 15.10.2019 Author: Tanja Srnovršnik
Croatian INA Concludes Merger Deal With Its Subsidiary INA JadranPhoto: F. Buva

The Croatian oil and gas company, INA, concluded a merger agreement with its subsidiary INA Jadran on 10 October, said the company on Monday.

Romania's Power Imports Up 72.8% in First Eight Months of 2019

Date: 14.10.2019 Author: Peter Palčec
Romania's Power Imports Up 72.8% in First Eight Months of 2019Photo: Andreja Krašna

Romania's electricity imports increased by 72.8% to 2,752.1 GWh in the first eight months of 2019 compared to the same period in 2018, while electricity exports fell by 37.5% to 2,480.4 GWh, reported

Romanian OMV Petrom’s Hydrocarbon Output Down 6% in Q3 2019

Date: 10.10.2019 Author: Peter Palčec
Romanian OMV Petrom’s Hydrocarbon Output Down 6% in Q3 2019Photo: Tanja S. Volarič

The total hydrocarbon production of the Romanian oil and gas company OMV Petrom amounted to 150,000 barrels of oil equivalent per day (boe/d) in Q3 of 2019, down 0.66% compared to Q2 of 2019, and down

Paravan: Electricity Prices in SEE Matching Those in Italy, as Gas Prices Slump

Date: 04.10.2019 Author: Tanja Srnovršnik
Paravan: Electricity Prices in SEE Matching Those in Italy, as Gas Prices SlumpPhoto: Tanja Srnovršnik

“Technically speaking, we are still experiencing a sideways trend in electricity, whereas the trend is bearish in the case of gas,” explained Dejan Paravan, Chief Innovation Officer at the

Oil and Gas Exploration in FBiH Could Start Next Year

Date: 03.10.2019 Author: Tanja Srnovršnik
Oil and Gas Exploration in FBiH Could Start Next YearPhoto: Tanja S. Volarič

The Federation of Bosnia and Herzegovina (FBiH) could commence the exploration and eventual exploitation of oil and gas next year. This was highlighted on Tuesday at a presentation in Sarajevo on the

Statkraft: Solar PV to Become Major Source of Power Generation by 2035

Date: 01.10.2019 Author: Tanja Srnovršnik
Statkraft: Solar PV to Become Major Source of Power Generation by 2035Photo: S. Miles/FreeDigitalPhotos.net

Solar power will become the world’s biggest source of electricity generation by 2035 and will meet close to 40% of power demand in 2050, according to the Norwegian renewables giant Statkraft.

FBiH to Launch Public Call for Oil and Gas Exploration Concession in October

Date: 01.10.2019 Author: Tanja Srnovršnik
FBiH to Launch Public Call for Oil and Gas Exploration Concession in OctoberPhoto: Tanja S. Volarič

The government of the Federation of Bosnia and Herzegovina (FBiH) will issue an international public invitation in October for the award of a concession for the exploration and exploitation of oil and

FBiH Announces Bidding Rounds For Hydrocarbon Exploration and Production Rights

Date: 25.09.2019 Author: Peter Palčec
FBiH Announces Bidding Rounds For Hydrocarbon Exploration and Production RightsPhoto: www.pixabay.com

The government of the Federation of Bosnia and Herzegovina (FBiH) and the Federal Ministry of Energy, Mining and Industry (FMERI) - the competent authority with responsibility for the licensing

Serbian NIS Invested EUR 156m in the First Half of 2019

Date: 25.09.2019 Author: Peter Palčec
Serbian NIS Invested EUR 156m in the First Half of 2019Photo: Victor Habbick via FreeDigitalPhotos

“The long-term development strategy of the Serbian oil and gas company Naftna Industrija Srbije (NIS) foresees that around EUR 2 billion will be invested in strategic projects between 2017 and 2025.

Romanian Offshore Law to Be Amended in Order to Remove Several Tax Barriers

Date: 23.09.2019 Author: Peter Palčec
Romanian Offshore Law to Be Amended in Order to Remove Several Tax BarriersPhoto: Roman Peklaj

The Romanian Energy Ministry has launched a public debate on a draft law to radically amend the Offshore Law, which regulates the investments in gas and oil deposits in the Black Sea. The amendments

Hungarian MOL Opens Fuel Storage Depot in Serbia

Date: 20.09.2019 Author: Peter Palčec
Hungarian MOL Opens Fuel Storage Depot in SerbiaPhoto: MOL archive

The Hungarian oil and gas company MOL has put its first fuel storage depot in Serbia into operation in the settlement of Sremski Karlovci, states a press release from the Serbian Ministry of Mining

DNV GL: Gas to Be Dominant Energy Source From 2026 Until 2050

Date: 17.09.2019 Author: Tanja Srnovršnik
DNV GL: Gas to Be Dominant Energy Source From 2026 Until 2050Photo: Roman Peklaj

Global oil demand will peak in the mid-2020s and gas demand will keep rising to 2033. Gas demand will then plateau, and the fuel will remain dominant until the end of the forecast period in 2050, when


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