OMV Petrom invested 21 mln euros at the Petrobrazi refinery in order to increase the bio-blending capacity in line with EU regulations according to which the renewable energy content in transportation fuels must increase by 14% in 2030.
After testing the pipeline at maximum pressure, the part of the GIPL connected to the operating gas transmission network was filled with gas. It is planned that the construction will be accomplished by the end of 2021.
ConocoPhillips and PGNIG made a significant gas discovery offshore Norway and preliminary estimates place the size between 50 and 190 million barrels of recoverable oil equivalent.
Road, rail aviation and waterborne transport have to make a significant effort to decarbonise in order to contribute to the energy transition.
PGNiG and Grupa LOTOS expanded the scope of their cooperation through the first bunkering of a ship with LNG, the future of maritime transport in the Baltic Sea.
On 1 December the leader of the energy industry will come together at the third Budapest Energy Summit to review how the sector has coped so far with the challenges of the fast-moving coronavirus situation and adjusted to the new normal. Secure your place now to receive updates about the conference!
DESFA signed an agreement for the acquisition of a 20% stake in Gastrade, the company that develops the LNG terminal in Alexandroupolis, which will strengthen Greece’s position as a natural gas transit hub for Southeastern Europe.
KN’s business has been affected by oil refining margins at historic lows, geopolitical circumstances and the coronavirus pandemic but also an increase in the demand for LNG. Despite the challenges, KN has achieved high operating profitability.
The Romanian state intends to buy the entire stake of American ExxonMobil in the Neptun deep-water offshore gas field development project through Romgaz.
PKN ORLEN is looking for potential business opportunities in the Romanian market, as part of its strategy of achieving carbon neutrality by 2050.
Europe’s top renewable energy organisations launched the Renewable Hydrogen Coalition to position Europe as the world leader in renewable hydrogen, produced via electrolysis and based on 100% renewable electricity.
László Örlős, Managing Director of Hungary’s Western Balkans Green Centre writes about the Western Balkans in which, despite the strong commitment to increase their renewable energy quota, fossil-fired plants continue to play a key role.
The Hungarian Energy and Public Utilities Regulatory Authority issued the construction permit for the Paks II nuclear power plant which will play a key role in the country’s carbon-free energy production.
BIF IV Europe Holdings in cooperation with Mansa Investments, intend to launch a tender offer for 100% of the shares in Polenergia, advised by Dentons, in a move to delist the company from the Warsaw Stock Exchange.