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Bulgargaz Plans to Seek 2.07% Hike in Gas Prices in Q1

Bulgargaz Plans to Seek 2.07% Hike in Gas Prices in Q1

Bulgarian gas monopoly Bulgargaz said on Tuesday it plans to propose to the country’s energy regulator to hike wholesale gas prices by 2.07% in the first quarter of 2015

Croatian LNG Terminal Project Co Seeks Legal Financial Advisor

Croatian LNG Terminal Project Co Seeks Legal Financial Advisor

LNG Hrvatska, the state-owned company set up to build and operate a liquefied natural gas (LNG) terminal on the Adriatic island of Krk, said it is seeking bids for a contract to provide it with legal and financial advisory services

Bosnian Utility to Sell Surplus Electricity to Serbias EPS

Bosnian Utility to Sell Surplus Electricity to Serbia's EPS

Serbian energy utility EPS has won all lots at a tender for the sale of surplus electricity called by Bosnian power utility Elektroprivreda Republike Srpske (ElektroprivredaRS), Belgrade-based media reported on Monday, quoting EPS director general Aleksandar Obradovi

Romania 9 - Mo Energy Output Edges Up 0.6%

Romania 9 - Mo Energy Output Edges Up 0.6%

Romania's energy output edged up by an annual 0.6% in the first ninemonthsof the year, while imports increased by 8.8%, the statistics office, INS, said on Monday

Serbian Power Utility EPS Signs LoI with Schneider Electric

Serbian Power Utility EPS Signs LoI with Schneider Electric

Serbian state-owned energy utility EPS said on Friday it has signed a letter of intent (LoI) with French electrical equipment maker Schneider Electric targeting cooperation in the introduction of smart management of electricity distribution systems

Cautious Eurozone Offers Greece a Precautionary Credit Line

Cautious Eurozone Offers Greece a Precautionary Credit Line

Euro zone finance ministers have expressed support for the option of granting Greece a precautionary credit line as back-up financing once the country exits its euro zone bailout at the end of this year

Serbia - Russia Reach Agreement on Settlement of Gas

Serbia - Russia Reach Agreement on Settlement of Gas

Serbian prime minister Aleksandar Vucic has agreed with Russian president Vladimir Putin a model for the settlement of the Southeast European country's gas supply debts towards Russia, the government in Belgrade said

Turkeys OMV Petrol Ofisi 9-Mo Cons Net Profit Decreases 25%

Turkey's OMV Petrol Ofisi 9-Mo Cons Net Profit Decreases 25%

Turkish fuel products and lubricants distributor OMV Petrol Ofisi, a unit of Austria's OMV, said on Thursday its nine-month consolidated net profit declined 25% to 35.1 million Turkish lira ($15.7 million/12.5 million euro)

Romanias OMV Petrom 9-Mo Cons EBIT Drop 24% Sales Down 11%

Romania's OMV Petrom 9-Mo Cons EBIT Drop 24% Sales Down 11%

Romania's top oil and gas group, OMV Petrom , said on Thursday its consolidated earnings before interest and taxes (EBIT)fell 24% to 3.45 billion lei ($1.0 billion/0.78 billion euro) in the the first nine monthsof 2014, while sales declined by an annual 11%

Eni OMV  Marathon Oil  MedOil Join INA in Croatian Offshore Tender

Eni OMV Marathon Oil MedOil Join INA in Croatian Offshore Tender

Eni, OMV, Marathon Oil and Med Oil have filed bids in the first licensing round forhydrocarbon exploration and production in Croatia's Adriatic Sea, Zagreb-based media reported late on Tuesday, quoting multiple unnamed sources close to the process