OIL AND OIL DERIVATES

Slovenian Petrol Sets Ambitious Goals for 2020

Date: 13.12.2019 Author: Tanja Srnovršnik
Slovenian Petrol Sets Ambitious Goals for 2020Photo: Petrol

The Slovenian Petrol Group has set ambitious goals for 2020. The Group plans a net profit for 2020 of EUR 109.8 million, while it foresees a gross profit totalling EUR 510 million and sales revenue of

Romania's Power Imports Up 87.8% in First Ten Months of 2019

Date: 13.12.2019 Author: Peter Palčec
Romania's Power Imports Up 87.8% in First Ten Months of 2019Photo: Andreja Krašna

Romania's electricity imports increased by 87.8% to 3,984.2 GWh in the first ten months of 2019 compared to the same period in 2018, while electricity exports fell by 42.5% to 2,748.2 GWh, reported

New Desulphurisation System of Republika Srpska’s Ugljevik TPP Enters Trial Mode

Date: 09.12.2019 Author: Peter Palčec
New Desulphurisation System of Republika Srpska’s Ugljevik TPP Enters Trial ModePhoto: www.riteugljevik.com

The new flue gas desulphurisation system at Republika Srpska’s 300 MW Ugljevik coal-fired power plant (TPP), an investment worth EUR 80 million, was put into trial operation on Thursday, reported

Croatian INA to Continue Hydrocarbon Exploration in the Dinaric Area

Date: 09.12.2019 Author: Peter Palčec
Croatian INA to Continue Hydrocarbon Exploration in the Dinaric AreaPhoto: Tanja S. Volarič

The Croatian government has issued a decision authorising the Croatian gas and oil company INA to continue the exploration of potential oil and gas fields in Podravina and the Dinaric area, states a

Nuclear Energy Squeezed Out of EU Green Finance Scheme

Date: 09.12.2019 Author: Peter Palčec
Nuclear Energy Squeezed Out of EU Green Finance SchemePhoto: www.seas.sk

The European Greens claimed victory on 5 December after EU negotiators reached agreement on a green finance taxonomy aimed at channelling billions of private investors’ money into clean

Romanian OMV Petrom to Resume Black Sea Investments Following Regulatory Changes

Date: 06.12.2019 Author: Peter Palčec
Romanian OMV Petrom to Resume Black Sea Investments Following Regulatory ChangesPhoto: Alenka Lena Klopčič

The Romanian oil and gas group OMV Petrom has announced that the company is ready to resume investments of billions of euro in the Neptun Deep gas project in Romania’s Black Sea section once the new

Ćorić: Croatia Needs to Become As Little Energy-Dependent As Possible

Date: 04.12.2019 Author: Tanja Srnovršnik
Ćorić: Croatia Needs to Become As Little Energy-Dependent As PossiblePhoto: MZOE

Croatia needs to be made as little energy-dependent as possible in the context of supply routes and production, said the country’s Minister of Environment and Energy, Tomislav Ćorić, on Tuesday at

BiH’s Brod Oil Refinery to Begin Operating Again in Mid-2020

Date: 28.11.2019 Author: Peter Palčec
BiH’s Brod Oil Refinery to Begin Operating Again in Mid-2020Photo: Alenka Lena Klopčič

Republika Srpska’s Minister of Energy and Mining, Petar Đokić, has said that he expects Bosnia’s and Herzegovina’s (BiH) Brod oil refinery to return to production in the middle of next year

Exxon Expects EUR 226.08m for 50% Stake in Romanian Neptun Deep Gas Project

Date: 25.11.2019 Author: Peter Palčec
Exxon Expects EUR 226.08m for 50% Stake in Romanian Neptun Deep Gas ProjectPhoto: Alenka Lena Klopčič

The U.S. oil group ExxonMobil is accelerating its biggest asset sales in decades with plans to divest up to USD 25 billion (EUR 22.6 billion) of oil and gas fields in Europe, Asia and Africa, reported

Croatian INA’s Board of Directors Approves Due Diligence Process

Date: 22.11.2019 Author: Peter Palčec
Croatian INA’s Board of Directors Approves Due Diligence ProcessPhoto: INA

The Croatian government has sent a request to the Croatian gas and oil company INA to start a due diligence process regarding the possible purchase of the Hungarian oil and gas company MOL’s shares

Romanian OMV Petrom Successfully Removes Gloria Jack-up Rig

Date: 20.11.2019 Author: Tanja Srnovršnik
Romanian OMV Petrom Successfully Removes Gloria Jack-up RigPhoto: OMV Petrom

The Romanian oil and gas company OMV Petrom has completed the removal of the Gloria jack-up rig from its production location in the Black Sea. The Gloria platform was successfully transported to

EIB - the World’s First Public Lender to Abandon Fossil Fuel Investments

Date: 18.11.2019 Author: Peter Palčec
EIB - the World’s First Public Lender to Abandon Fossil Fuel InvestmentsPhoto: Roman Peklaj

The European Investment Bank (EIB) has become the world’s first public lender to commit to ending funding for coal, oil and gas. The bank has agreed to stop providing loans for fossil fuel projects


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