Tag: gas production

OMV Petrom expects 32 % higher profit in 2021 – Romania, 23 March 2021

The largest Romanian oil and gas company OMV Petrom, a part of Austrian OMV Group, estimates a 32 % rise of its net profit in 2021 to 370 million euros or approximately half of the net profit posted in 2019. Last year, the company’s profit dropped by almost two-thirds (64 %) to 266 million euros. […]

1,786 GWh of electricity produced in January – Croatia, 19 March 2021

According to short-term indicators of energy statistics published by Croatian Bureau of Statistics, net electricity production in Croatia in January 2021 amounted to 1,786 GWh, which is 50 % higher compared to January last year, when the production amounted to 1,190 GWh. During January, 1,037 GWh Full article available for subscribers of Energy NEWS service […]

TPAO to start with 10 wells production wells at Sakarya field – Turkey, 19 March 2021

General Manager of Turkish Petroleum Corporation (TPAO) Melih Han Bilgin said that Turkey has set an initial aim to extract 10 million cubic meters of natural gas per day in 2023 from the Sakarya field in the Black Sea and deliver it to the system for domestic use. According to him, this can be achi […]