Energy

Energy Trade

Currency gains boost Norway fuel giant Statoil pre-tax profits

Norwegian oil and gas giant Statoil on Monday reported an increase in Q3 pre-tax profits, which it attributed partly to...

Energy Trade

Currency gains boost Norway fuel giant Statoil pre-tax profits

Norwegian oil and gas giant Statoil on Monday reported an increase in Q3 pre-tax profits, which it attributed partly to...

Energy Trade

Nabucco trans-Caspian gas pipe project unrealistic – EU official

The Nabucco project to build a trans-Caspian natural gas pipeline to Europe bypassing Russia is impracticable, the general secretary of...

Energy Trade

Nabucco trans-Caspian gas pipe project unrealistic – EU official

The Nabucco project to build a trans-Caspian natural gas pipeline to Europe bypassing Russia is impracticable, the general secretary of...

Energy Trade

Agreement to sell Spanish oil assets and farm-out of first Swiss Project

Ascent Resources Plc, the AIM-traded oil and gas exploration and production company, has entered into an agreement to sell its...

Energy Trade

Agreement to sell Spanish oil assets and farm-out of first Swiss Project

Ascent Resources Plc, the AIM-traded oil and gas exploration and production company, has entered into an agreement to sell its...

Green Energy

Fossil fuel-fired power generation

Many coal-fired units all over the world currently operate at efficiencies well below 30%. “This is a significant waste of...

Green Energy

Fossil fuel-fired power generation

Many coal-fired units all over the world currently operate at efficiencies well below 30%. “This is a significant waste of...

Energy Trade

MOL, Srbijagas in gas-supply deal – extended

Serbia’s Srbijagas and Hungary’s MOL Group signed a deal under which MOL will sell 500,000 to 1 million cubic meters...

Energy Trade

MOL, Srbijagas in gas-supply deal – extended

Serbia’s Srbijagas and Hungary’s MOL Group signed a deal under which MOL will sell 500,000 to 1 million cubic meters...

Energy Trade

Srbijagas, Hungarian MOL in natural gas deal

Head executives from Serbia’s public gas enterprise Srbijagas and MOL Group signed a contract in Budapest yesterday....

Energy Trade

Srbijagas, Hungarian MOL in natural gas deal

Head executives from Serbia’s public gas enterprise Srbijagas and MOL Group signed a contract in Budapest yesterday....

Energy Trade

Norwegian Statoil Hydro to also develop Shtokman gas field

Recently merged Norwegian energy group Statoil Hydro on Thursday said it had been awarded a 24% stake in the development...

Energy Trade

Norwegian Statoil Hydro to also develop Shtokman gas field

Recently merged Norwegian energy group Statoil Hydro on Thursday said it had been awarded a 24% stake in the development...

Green Energy

Italy’s Enel raises its stake in Russian power generator OGK-5 to 37%

Enel SpA, Italy’s largest power company, said on Thursday it had increased its stake in Russian wholesale power generator OGK-5...

Energy

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

Energy

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

Green Energy

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

Energy

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Green Energy

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

Energy Trade

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Green Energy

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Green Energy

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

Hungary Still EU’s Largest Buyer of Russian Pipeline Gas

Despite reducing its Russian pipeline gas purchases by 10%, Hungary remained the European Union's largest buyer in the first eight...

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Naftogaz, MOL Sign MoU on Fuel Storage in Hungary for Ukraine

Ukraine’s Naftogaz has signed a memorandum of understanding with Hungary’s MOL to explore developing petroleum product storage facilities near the...

Hungary Can Secure Gas Supply Without Russian Imports, Kapitány Says

Hungary could secure its gas supply without Russian imports by October 2027 if current conditions hold, Economy and Energy Minister...

E.ON Installs Four Battery Storage Systems to Support Solar Power and Grid Stability

E.ON Hungária Group has installed four battery storage systems with a combined output of 4 MW and storage capacity of...

MVM Introduces Dynamic Electricity Tariff

From Sep. 1, households and microbusinesses under universal service can voluntarily switch to energy company MVM's new dynamic tariff, which...

Paks Output Tops 800 MW as Record Drought, Heatwave Ease

Output at Hungary's Paks nuclear power plant rose above 800 MW on Sunday as conditions began to improve following the...

Hungary Targets Tenfold Expansion in Wind Power Capacity by 2030

Hungary’s long-stagnant wind energy sector could be set for significant expansion under a government package aimed at increasing installed capacity...

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...