OIL AND OIL DERIVATES
Croatian HEP’s operating profit up 27.4% in 2020
Date: 07.05.2021 Author: Peter Palčec
Photo: 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
Photo: 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
Photo: 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
Photo: 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
Photo: 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
Photo: 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 PalčecPhoto: 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
Photo: 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
Photo: 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 PalčecPhoto: 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
Photo: 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
Photo: 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
