Sunday, November 1, 2020
Tags Oil refineries

Tag: Oil refineries

OMV implements energy-efficiency measures to achieve net-zero operations in refineries

OMV will strive to reduce its carbon intensity in refining by at least 20% by 2025. One factor in achieving net-zero operations is energy-efficiency measures. One such measure is the audit program at the Schwechat Refinery.

FuelsEurope unvails pathway to decarbonise the transport sector

A 650 billion euros investment plan would allow for the decarbonisation of the transport sector by the middle of the century according to a study of FuelsEurope.

MOL cuts 2020 EBITDA target and guarantees continued energy supply

MOL Group is withdrawing its guidance for 2020 EBITDA in response to the current economic situation triggered by the coronavirus pandemic.
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MVM Group acquires Enexio Hungary opening business opportunities also in China

MVM Group acquired 100 % ownership of the Hungarian subsidiary of the German energy company Enexio, together with its two Chinese subsidiaries, aiming to become an active player in the Chinese energy market.

Rethinking the Trans-Balkan pipeline

Sergiy Makogon, GTSOU’s CEO writes about the Trans-Balkan gas transit corridor which should be a warranty of energy security for Southeast Europe.

Investing in renewables is the right response for the climate change challenge

Investments in RES in the EU reached 66% in the first half of 2020. Hungary is stepping up green bond issuance to mobilise additional funds and the Caucasus in interested in increasing its share of RES. However, funds must support the right priorities.

Sonya Twohig appointed new Secretary-General of ENTSO-E

Sonya Twohig has been appointed the new Secretary-General of ENTSO-E, the European Network of Transmission System Operators for Electricity.