OIL AND OIL DERIVATES

East West Petroleum Sees Encouraging Test Results for Oil and Gas in Romania

Date: 22.09.2017 Author: Tanja Srnovršnik Volarič
East West Petroleum Sees Encouraging Test Results for Oil and Gas in RomaniaPhoto: Tanja S. Volarič

East West Petroleum, a Canadian-based exploration and production company, said on Wednesday that testing of multiple intervals on the first well in the EX-7 Periam block in the Pannonian Basin of

Romanian Fondul Proprietatea to Sell 2.5% of OMV Petrom

Date: 21.09.2017 Author: Tanja Srnovršnik Volarič
Romanian Fondul Proprietatea to Sell 2.5% of OMV PetromPhoto: Roman Peklaj

The Romanian investment fund Fondul Proprietatea said on Tuesday that it will sell 1.454 billion existing shares in the Romanian oil and gas company OMV Petrom in an accelerated bookbuild offering.

Romanian OMV Petrom to Invest EUR 70m in New Drilling Campaign in Black Sea

Date: 19.09.2017 Author: Tanja Srnovršnik Volarič
Romanian OMV Petrom to Invest EUR 70m in New Drilling Campaign in Black SeaPhoto: OMV Petrom

The Romanian oil and gas company OMV Petrom announced on Monday that it will start a new drilling campaign in the shallow waters of the Istria block in the Black Sea. As part of this campaign, four

IEA Increases Oil Demand Growth for 2017

Date: 14.09.2017 Author: Tanja Srnovršnik Volarič
IEA Increases Oil Demand Growth for 2017Photo: Tanja S. Volarič

The International Energy Agency (IEA) has increased its estimated oil demand growth for 2017 to 1.6 million barrels per day, according to its latest oil report, published on Wednesday.

Romanian OMV Petrom Fined For Lack of Necessary Documents for Its Wells

Date: 14.09.2017 Author: Tanja Srnovršnik Volarič
Romanian OMV Petrom Fined For Lack of Necessary Documents for Its WellsPhoto: Tanja S. Volarič

The Romanian oil and gas company OMV Petrom has been fined RON 60,000 (EUR 13,045.87) by the Olt County National Environmental Guard for operating 25 wells without having the necessary documents,

Croatia: High Growth in Oil Exports

Date: 12.09.2017 Author: Ana Vučina Vršnak
Croatia: High Growth in Oil ExportsPhoto: Victor Habbick via FreeDigitalPhotos

The nominal growth in Croatia's exports in the first six months of 2017 amounted to 14.5% (in HRK), considerably more than in the first six last months of 2016, when it amounted to 3.6% year-on-year,

Croatia: Plan to Turn Sisak Oil Refinery into Bio-Refinery and Logistics Centre

Date: 08.09.2017 Author: Tanja Srnovršnik Volarič
Croatia: Plan to Turn Sisak Oil Refinery into Bio-Refinery and Logistics CentrePhoto: F. Budva

Conversion of the Sisak oil refinery into a logistics centre is the most economically cost-effective solution for the refinery and would realise a USD 93 million cash flow in the next three years,

BiH's Brod Oil Refinery Decreases Its Net Loss by 76% in H1 2017

Date: 06.09.2017 Author: Tanja Srnovršnik Volarič
BiH's Brod Oil Refinery Decreases Its Net Loss by 76% in H1 2017Photo: Alenka Žumbar

Rafinerija nafte Brod, an oil refinery in Republika Srpska, decreased its net loss from KM 31.4 million (EUR 16 million) in the first half of 2016 to KM 7.53 million (EUR 3.83 million) in the first

General Assembly of Croatia's Janaf Approves HRK 165 Dividend per Share

Date: 31.08.2017 Author: Tanja Srnovršnik Volarič
General Assembly of Croatia's Janaf Approves HRK 165 Dividend per SharePhoto: Janaf

The General Assembly of Croatia’s oil pipeline operator Janaf decided last Thursday that HRK 166.3 million (EUR 22.4 million) – the largest part of last year's profit amounting to HRK 290.5

Croatia to Seek Investment Advisor for Purchase of MOL's Stake in INA

Date: 28.08.2017 Author: Tanja Srnovršnik Volarič
Croatia to Seek Investment Advisor for Purchase of MOL's Stake in INAPhoto: F. Buva

The Croatian government has entrusted the Ministry of Finance and the Ministry of Environmental Protection and Energy to jointly conduct a selection process for an investment advisor in the

Slovenian Petrol Group Increases Operating Profit by 11% in H1 2017

Date: 28.08.2017 Author: Tanja Srnovršnik Volarič
Slovenian Petrol Group Increases Operating Profit by 11% in H1 2017Photo: Petrol

The Slovenian Petrol Group generated an operating profit of EUR 48.9 million in the first half of 2017, up 11% compared to the same period last year, said the Petrol Group on Friday in a stock

EBRD Considers Equity Investment in Romanian Black Sea Oil & Gas

Date: 23.08.2017 Author: Tanja Srnovršnik Volarič
EBRD Considers Equity Investment in Romanian Black Sea Oil & GasPhoto: Alenka Žumbar

The European Bank for Reconstruction and Development (EBRD) is considering an equity investment in the Romanian oil and gas company Black Sea Oil & Gas (BSOG), thus supporting the Midia Gas

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