Czechia, Hungary and Slovakia will get to keep their Russian oil supplies for the immediate future despite an EU-wide embargo. More than three weeks after the EU...
Tag - Oil
As the EU mulls ending imports of Russian coal, the call for more renewables in the bloc’s energy mix grows louder. When Lithuania on April 2 announced that it had...
Montenegro starts offshore oil exploration, worrying environmentalists and anti-corruption activists
Montenegro is hoping that an exploration project in its territorial waters will confirm the presence of billions of euros worth of oil and gas. Environmentalists and...
OMV Petrom is ramping up exploration in the Romanian Black Sea with a major new investment, but energy companies want new legislation and the reduction of a windfall tax...
The takeover by PKN Orlen, an oil refiner and retailer, of fellow Polish energy giant PGNiG is not merely the merger of two of Poland’s largest companies, it is a...
The European Commission has given the all clear for Polish state-owned oil refiner and petrol retailer PKN Orlen to take a majority stake in fellow Polish refiner and...
Of all the new outbreaks of Covid-19 in emerging Europe in recent weeks, few have been more serious than those which erupted in the coal mines in Poland, bringing more...
While the whole world was shocked by negative West Texas Intermediate (WTI) oil prices due to the shortage of demand during the Covid-19 lockdown, the gas market...
The supply of Russian oil to Belarus is becoming an increasingly political issue, as the respective governments continue to negotiate a long-term agreement on the flow...
Croatian oil and gas company INA, a subsidiary of Hungary’s MOL Group, has approved the 540 million-euro upgrade of its refinery in Rijeka. The upgrade will boost the...
Thanks to the political stability, a favourable geographical location, rich resources of fossil fuels and investment opportunities, Azerbaijan has historically been at...
Hungarian oil group MOL has signed a memorandum of understanding with Russian oil provider Lukoil regarding compensation for damages caused by the contamination of the...
The only constant is change. Heraclitus’s observation still holds true some 2,500 years later, not least for the oil and gas industry. Whether change is triggered by...