July 13, 2011, 11:43 amA joint venture including Austrian energy group OMV is to spend around EUR 3 billion on the re-development of the Schiehallion oil field to the West of Shetlands, OMV has announced on Wednesday. The...
July 12, 2011, 8:37 amThe pressure on the share price of Hungarian fuels group MOL will remain until the bribery allegation case related to its chief is resolved, but longer term MOL remains the top pick of Bank of America...
July 11, 2011, 1:47 pmHungarian energy group MOL is to raise the wholesale list price of gasoline and diesel by HUF 7 and HUF 5 per litre, respectively on Wednesday, Portfolio.hu has learned on Monday. The price hike is primarily...
July 8, 2011, 4:59 pmThe Croatian government wants to review some of the regulations that govern internal processes at INA and not the shareholders’ agreement with Hungarian fuels group MOL, Davor Stern, Chairman of...
July 8, 2011, 11:49 amPetrom, the largest oil and gas producer in Southeastern Europe, has announced on Friday the successful result of the exploration well 4539 Totea. During testing, a maximum stabilized flow rate of about...
July 8, 2011, 10:56 amINA, Croatia’s energy company controlled by Hungarian fuels group MOL, proposed spending 20 billion kunas (EUR 2.7 bn, USD 3.85 bn) on developments and investments by 2015, two-thirds of which would...
July 6, 2011, 10:19 amThe market would not be happy if Zsolt Hernádi, Chairman-CEO of Hungarian fuels group MOL, stepped down, while a majority of analysts and portfolio managers polled by Portfolio.hu believe his departure...
July 6, 2011, 9:23 amHungarian fuels group has turned to local daily with a request for rectification over an article that it claims contained false information and caused substantial damages to the company. MOL is considering...
July 5, 2011, 2:36 pmIt is the firm proprietary standpoint of the Hungarian state that it will not consent to any amendment of the shareholder agreement between MOL and INA, said Prime Minister Viktor Orbán in Strasbourg on...
July 5, 2011, 11:01 amCroatia has requested the preliminary extradition of Zsolt Hernádi, Chairman-CEO of fuels group MOL in an alleged case of bribery that involves former Croatian Premier Ivo Sanader, local daily Népszabadság...
July 5, 2011, 8:52 amHungary supports the realisation of every gas infrastructural project that brings route or source diversification to the country, said Development Minister Tamás Fellegi, after meeting his Italian counterpart...
June 27, 2011, 4:20 pmHungarian energy group MOL is to cut the wholesale list price of gasoline and diesel by HUF 6 and HUF 9 per litre, respectively on Wednesday, Portfolio.hu has learned on Monday. The reduction is primarily...
June 27, 2011, 11:32 amGerman utility giant E.ON has on Monday inaugurated its new combined-cycle gas turbine (CCGT) power plant in Gönyü, western Hungary. The CCGT has a gross capacity of 433 megawatts (MW), with which it can...
June 21, 2011, 12:52 pmCroatia state prosecutor is investigating allegations that former Prime Minister Ivo Sanader was paid a EUR 10 million bribe by Zsolt Hernádi, chief executive of Hungarian fuels group MOL for the management...
June 20, 2011, 5:26 pmA fire broke out at the Sisak refinery operated by Croatia’s INA on Monday and it took nearly three ours to extinguish the blaze. The company said there were no injuries. INA said in a statement...
June 20, 2011, 1:11 pmHungarian energy group MOL is to raise the wholesale list price of gasoline and diesel by HUF 2 and HUF 3 per litre, respectively on Wednesday, Portfolio.hu has learned on Monday. The price hike is primarily...
June 18, 2011, 2:50 pmWhile the average price of crude has not changed markedly this week, Hungary’s forint eased a lot versus the US dollar. As a result gasoline and diesel quotations rose in forint terms, which may...
June 17, 2011, 4:35 pmHungarian oil and gas group MOL has requested a court review and annulment of a ruling by Croatia’s financial services supervision HANFA on 18 May, in which it said MOL manipulated the market shares...
June 17, 2011, 11:17 amErste Bank has on Friday reiterated its ‘Accumulate’ recommendation for MOL, while it raised its 12-month target price for the Hungarian fuels group to HUF 27,500 per share from HUF 24,400...
June 16, 2011, 2:25 pmPoland has shortlisted four bidders for a EUR 1 billion 53% stake in refiner Lotos , the treasury ministry said on Thursday. The deadline for submitting binding offers is 16 November, the ministry added...
