Hungarian oil and gas company MOL said that 2020 CAPEX will be at least 25 % lower than the original guidance of between 1.9 and 2.1…
Browsing: oil industry
As a result of the coronavirus pandemic, the current oil crisis, prompted by low crude oil prices combined with lower demand comes as the latest setback…
Due to reduced travel needs of the general public and the slowdown in economic activity prompted by the coronavirus spread, fuel sales dropped by between 30…
Since the start of the coronavirus epidemic sales of petroleum products and merchandise in all markets, especially in its two largest markets Slovenia and Croatia, have…
Namely, the Government reduced the excise duties levied by the state on fuel, which form a significant part of the final retail price. Thus, the prices…
The oil and gas industry is hit hard the current crisis, and very low oil prices may jeopardize the functioning of this sector, said Virgil Popescu,…
The largest refinery in Romania, Petromidia Navodari, operated by KMG International (KMGI), will keep investing in development and capital repairs. The company will process 5.5 million…
Three agreements on onshore oil and gas exploration and production sharing, in line with a recent decision of the Croatian Government were signed by Croatian oil…
The reason for decrease in gas prices is the fall in global oil prices, as well as hub gas prices in Europe in the last 20…
OMV Petrom, a part o Austrian OMV Group as the largest Romanian oil and gas company estimates 2020 net profit to reach some 580 million euros,…