OIL AND OIL DERIVATES
Secretariat Launches Public Consultation on Improving Fuel Quality
Date: 09.07.2020 Author: Peter Palčec
Photo: www.pixabay.com
The Energy Community Secretariat has launched a public consultation on improving fuel quality in the Energy Community. “The aim of the Fuel Quality Directive is to ensure a high level of
Romanian OMV Petrom’s Hydrocarbon Output Down 2.03% in Q2 2020
Date: 09.07.2020 Author: Peter Palčec
Photo: Victor Habbick via FreeDigitalPhotos
The total hydrocarbon production of the Romanian oil and gas company OMV Petrom amounted to 147,300 barrels of oil equivalent per day (boe/d) in Q2 2020, down 2.03% compared to Q1 2020 and down 2.71%
Croatian Janaf to Pay Dividends of EUR 9.8 per Share
Date: 06.07.2020 Author: Peter Palčec
Photo: Roman Peklaj
The shareholders assembly of the Croatian oil pipeline operator Janaf decided that part of the company’s profit for 2019, which amounts to HRK 74.647 million (EUR 9.88 million), will be used to pay
Global Oil Demand Unlikely to Return to 2019 Level Before 2022-2023
Date: 03.07.2020 Author: Peter PalčecPhoto: Victor Habbick via FreeDigitalPhotos
“Global oil demand is unlikely to return to the 2019 demand level until 2022-2023. Global oil demand recovered by more than 15 million barrels per day (bpd) by July following the bottom recorded in
Romanian OMV Petrom Wins Tender for Oil and Gas Exploration Offshore Georgia
Date: 30.06.2020 Author: Tanja Srnovršnik
Photo: OMV Petrom
The Romanian oil and gas company OMV Petrom said on Monday that it has been selected as the winner of an open international tender held by the Ministry of Economy and Sustainable Development of
Bulgaria's Year-on-Year Power Output Down 15.5% in April
Date: 30.06.2020 Author: Tanja Srnovršnik
Photo: Nuvia
Production of electricity in Bulgaria amounted to 3,066 GWh in April 2020, down 21.5% compared to March 2020 and down 15.5% compared to April 2019, reported the National Statistics Institute (NSI).
EUSEW: Europe Could Become the New Global Central Market For Hydrogen Trading
Date: 29.06.2020 Author: Peter Palčec
Photo: Roman Peklaj
“The CO2 content of energy carriers and vectors such as hydrogen will become the ‘new currency’ of the energy system and the EU’s economic recovery. For this to happen, we will need a hydrogen
Croatian Government and MOL Hold First Meeting to Discuss INA’s Shares
Date: 26.06.2020 Author: Peter Palčec
Photo: F. Buva
Croatia’s Minister of Environmental Protection and Energy, Tomislav Ćorić, met with the CEO of the Hungarian oil and gas company MOL, József Molnár, to discuss the further steps in the process
EBRD to Lend EUR 25m to Slovenian Petrol to Cushion COVID-19 Impact
Date: 25.06.2020 Author: Tanja Srnovršnik
Photo: Petrol
The European Bank for Reconstruction and Development (EBRD) has approved a EUR 25 million senior loan with up to a 2-year tenor to the Slovenian energy company, Petrol, to provide the liquidity
INA’s Biorefinery Project to Acquire Status of Croatian Strategic Investment Project
Date: 25.06.2020 Author: Peter PalčecPhoto: F. Buva
The Croatian gas and oil company INA is continuing the transformation process of the Sisak refinery into an industrial centre. One of the activities currently being developed on the site is a
BP Stats Review: Carbon Emissions From Energy Use Grew By 0.5% in 2019
Date: 22.06.2020 Author: Valerija Hozjan
Photo: Pixabay
Growth in carbon emissions slowed in 2019 from the sharp increase seen in the previous year, as primary energy consumption decelerated and renewables and natural gas displaced coal from the energy
IEA’s Plan Proposes USD 3tn of Investments for Sustainable Green Recovery
Date: 22.06.2020 Author: Peter Palčec
Photo: Roman Peklaj
The International Energy Agency (IEA) presented the Sustainable Recovery Plan worth USD 3 trillion (EUR 2.67 trillion), which focuses on a series of measures that can be taken over the next three
