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OMV Petrom Upgrades Lighting System in 345 Filling Stations

OMV Petrom Upgrades Lighting System in 345 Filling Stations

Romania's top oil and gas group, OMV Petrom, said on Wednesday it has spent 2.1 million euro ($2.6 million) on replacing the lighting systems in 345 filling stations with new, energy-efficient ones

INA Says Bids in Croatias Offshore Oil Gas Tender

INA Says Bids in Croatia's Offshore Oil Gas Tender

Zagreb-based oil and gas company INA, said on Tuesday it has filed a bid in the first licensing round for the exploration and production of hydrocarbons in Croatia's Adriatic Sea

Saudis Play Market Oil Glut Drives Down Prices

Saudis Play Market Oil Glut Drives Down Prices

On November 4, crude oil prices tumbled further to multi-year lows as price cuts by Middle Eastern producers signaled that a global glut will continue to grow.

Merkel Underlines Displeasure Over Russian Role

Merkel Underlines Displeasure Over Russian Role

German Chancellor Angela Merkel underlined her displeasure over Russia's role in eastern Ukraine on Tuesday and said there is no reason yet to lift European Union sanctions

Bosnian Energy Co Ugljevik 9-Mo Net Loss Widens Sharply

Bosnian Energy Co Ugljevik 9-Mo Net Loss Widens Sharply

Bosnian coal miner and energy producer RiTE Ugljevik, said on Friday its net loss widened to 32.9 million marka ($21.3 million/16.8 million euro) in the first nine months of 2014 from 806,000 marka a year earlier

Serbian Energy Min Says Deliveries of Russian Gas Down

Serbian Energy Min Says Deliveries of Russian Gas Down

The deliveries of Russian gas to Serbia have dropped by 28% in the past week, but the country's energy system is stable and there is enough gas to meet demand, Belgrade-based media reported on Friday, quoting the Balkan country's energy minister Aleksandar Antic

Statoil Expects $200 Billion from North Sea Oil Field

Statoil Expects $200 Billion from North Sea Oil Field

Statoil says its large oil field in the North Sea is expected to yield some 1,350 billion kroner ($200 billion) over coming decades, making it one of Norway's most profitable industrial projects

Montenegro s  Jugopetrol 9-Mo Net Profit Rises 4.6%

Montenegro s Jugopetrol 9-Mo Net Profit Rises 4.6%

The net profit of Montenegrin oil products distributor Jugopetrol rose to 5.2 million euro ($6.6 million) in the first nine months of 2014 from some 5.0 million euro a year ago, company data indicated on Thursday

Petromanas Temporarily Suspends Molisht-1 Well in Albania

Petromanas Temporarily Suspends Molisht-1 Well in Albania

Canada-based oil and gas company Petromanas Energy said on Thursday that, in conjunction with its joint venture partner Shell, it has decided to temporarily suspend drilling at the Molisht-1 well onshore in Albania