Energy Trade

Energy Trade

Exxon, BHP approve $1.3 billion Australia Turrum project

US energy giant ExxonMobil Corp and partner BHP Billiton Ltd approved their $1.35 billion Turrum oil and gas project off...

Energy Trade

Exxon, BHP approve $1.3 billion Australia Turrum project

US energy giant ExxonMobil Corp and partner BHP Billiton Ltd approved their $1.35 billion Turrum oil and gas project off...

Energy Trade

US says Arctic holds 90 billion barrels of oil

The area north of the Arctic Circle has an estimated 90 billion barrels of undiscovered, technically recoverable oil, according to...

Energy Trade

US says Arctic holds 90 billion barrels of oil

The area north of the Arctic Circle has an estimated 90 billion barrels of undiscovered, technically recoverable oil, according to...

Energy Trade

Ascent to start gas production in Hung

UK-based oil and gas exploration and production company Ascent Resources said it will begin production of natural gas at the...

Energy Trade

Ascent to start gas production in Hung

UK-based oil and gas exploration and production company Ascent Resources said it will begin production of natural gas at the...

Energy Trade

After fuel and power price rises, eyes on China gas

China may raise natural gas prices as soon as September in its latest effort to normalize cheap domestic energy rates,...

Energy Trade

After fuel and power price rises, eyes on China gas

China may raise natural gas prices as soon as September in its latest effort to normalize cheap domestic energy rates,...

Energy Trade

Hess says makes second gas discovery off Australia

US energy firm Hess Corp said it has found natural gas off western Australia, its second discovery on Australia's gas-rich...

Energy Trade

Hess says makes second gas discovery off Australia

US energy firm Hess Corp said it has found natural gas off western Australia, its second discovery on Australia's gas-rich...

Energy Trade

Large gas field found in northeast Romania

Romanian gas company Romgaz has discovered a gas field with a storage capacity of 200,000 cubic meters in the northeast,...

Energy Trade

Large gas field found in northeast Romania

Romanian gas company Romgaz has discovered a gas field with a storage capacity of 200,000 cubic meters in the northeast,...

Energy Trade

Russia’s Stroytransgaz completes gas pipeline section in India

Stroytransgaz, one of Russia’s largest engineering and construction companies, said on Thursday it had completed the construction of the first...

Energy Trade

Russia’s Stroytransgaz completes gas pipeline section in India

Stroytransgaz, one of Russia’s largest engineering and construction companies, said on Thursday it had completed the construction of the first...

Energy Trade

Analysis: Gazprom on a shopping spree for gas

Gazprom has embarked on a grand shopping tour for gas. Although Russia is the world’s largest gas producer and exporter,...

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...

Energy Trade

Hungary’s Energy Import Dependence Rises

Hungary increased its domestic energy production by 2.2% in 2025, reaching 486,246 TJ, while national energy consumption grew 1.1%, yet...

Energy Trade

Deadline for MOL Talks on NIS Acquisition Extended Again

MOL has announced an extension by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury...

Energy Trade

MOL Arbitration Claim Against Croatia Over INA Gas Business Dismissed

A commercial arbitration tribunal has dismissed Hungarian oil and gas company MOL’s claim against the state of Croatia, Croatia’s State...

Energy Trade

Analysts: Russian Gas Prices Don’t Determine Hungary’s Utility Price Cuts

An investigation by news outlet G7 concludes that even with discounted import prices, the price gap between Russian and non‑Russian...

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...

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...

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...

Heatwave Drives Surge in Hungary Searches for Cooling, Solar and Backup Power

Hungary’s summer heatwave is reshaping consumer searches, with interest in portable air conditioners nearly quadrupling and searches for solar products...

Hungary’s Energy Import Dependence Rises

Hungary increased its domestic energy production by 2.2% in 2025, reaching 486,246 TJ, while national energy consumption grew 1.1%, yet...

MOL, Serbia Sign Shareholders’ Agreement on Governance of NIS

Hungarian oil and gas company MOL on Tuesday said it signed a shareholders' agreement with the government of Serbia on...

Deadline for MOL Talks on NIS Acquisition Extended Again

MOL has announced an extension by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury...

MOL Arbitration Claim Against Croatia Over INA Gas Business Dismissed

A commercial arbitration tribunal has dismissed Hungarian oil and gas company MOL’s claim against the state of Croatia, Croatia’s State...

U.S. Grants MOL 2-Week Extension to Close NIS Deal

The U.S. Treasury's Office of Foreign Assets Control has given MOL an extra 2 weeks to conclude negotiations with Gazpromneft...

Independent Gas Stations Flag Diesel Shortage; MOL Says Supply Secure

Independent gas stations in Hungary warned that "serious motor fuel supply problems" could arise in the coming 2-3 weeks, or...

Analysts: Russian Gas Prices Don’t Determine Hungary’s Utility Price Cuts

An investigation by news outlet G7 concludes that even with discounted import prices, the price gap between Russian and non‑Russian...

Repairs on Druzhba Completed; Crude Deliveries Set to Resume

Repair work on the Druzhba pipeline, Hungary's main source of delivery for Russian crude, has been completed, MOL said in...

Independent Gas Stations Warn of Supply Disruptions

The Independent Gas Stations Association (FBSZ) warned of possibly motor fuel supply disruptions in a statement sent to Hungarian state...