oil
Serbhungas to trade gas in Serbia and region, with 51% stake in Hungary’s hands
29 June 2023 - Hungary's MVM has a 51% stake in Serbhungas, while the remaining 49% is in the hands of Serbia's state gas company
Both science and faith: Church of England selling stakes in oil, gas companies over lack of climate action
27 June 2023 - The church intends to divest its holdings in the remaining 11 oil and gas companies in its investment portfolio by the end of 2023
HELLENiQ Energy to build solar park with batteries for its Thessaloniki refinery
19 June 2023 - Within its decarbonization efforts, HELLENiQ Energy is planning a solar power project with batteries to supply a refinery with green energy
Oil companies in Southeastern Europe accelerate renewable energy investments
30 May 2023 - INA, OMV Petrom, Motor Oil and MOL revealed a series of investments that indicate a shift in the sector toward renewables in the region
Greece and Bulgaria agree to boost energy ties
17 February 2023 - The two countries have signed memoranda of understanding on natural gas storage and the construction of a new oil pipeline
Romania rolls out windfall profit tax for fossil fuel sector
29 December 2022 - Romania introduced a 60% tax on excess profits for companies that are operating in the areas of oil, gas and coal
Serbia to import gas, electricity from Azerbaijan, get oil via Croatia
22 December 2022 - A Serbian delegation led by President Aleksandar Vučić and including ministers of energy and finance has visited Azerbaijan
How much does Qatar World Cup cost in crude oil
01 December 2022 - Qatar spent USD 220 billion for the World Cup. To cover the tournament's cost, the country will have to sell three billion barrels of oil.
Rystad Energy: Investments in renewables in Europe set to surpass oil, gas in 2022
17 October 2022 - The surge in spot electricity prices in Europe decreased the payback period of wind and solar power projects, according to Rystad Energy
Hellenic Petroleum becomes HELLENiQ Energy to move into sustainability era
21 September 2022 - Hellenic Petroleum changed its name to HELLENiQ Energy, saying it wants to leave behind a legacy structure and clear the way for renewables
EU to cap revenue for electricity producers at EUR 180 per MWh
14 September 2022 - Ursula von der Leyen presented measures to bring down power prices including and decouple the dominant influence of gas in the sector
Big Oil’s climate PR strategy is greenwashing, study finds
10 September 2022 - The new Influence Map report shows that the five largest oil companies continue to disseminate...
While Kremlin vows to restore gas supply if sanctions are scrapped, energy traders are reaping record profits
09 September 2022 - The severe dispute between Russia and the West, as always in similar situations, is being used by other countries
Subsidies for fossil fuels doubled in 2021 and continue to increase
05 September 2022 - Support for fossil fuels doubled in 2021 compared to the year before to nearly USD 700 billion, slowing progress toward climate goals
IEEFA: Relying on carbon capture in fossil fuel sector will not work
01 September 2022 - The Carbon Capture Crux – Lessons Learned studies 13 flagship large-scale carbon capture and storage (CCS)/carbon capture utilization and storage (CCUS) projects
Energy crisis reality check – petroleum companies make huge profits while others face growing uncertainty
08 August 2022 - Oil companies reported huge profits, and UN Secretary-General Antonio Guterres described such high earnings as "immoral"