Tag: oil

Government appointed JANAF interim CEO – Croatia, 24 September 2020

Croatian Government appointed Stjepan Adanic as interim CEO of oil transportation company JANAF. He replaced former CEO Dragan Kovacevic who has been arrested last week under corruption charges. Croatian Minister of Economy Tomislav Coric said that JANAF should continue doing business and continu Full article available for subscribers of Energy NEWS service (PDF publications, energy […]

Offshore hydrocarbon explorations to start next year – Montenegro, 23 September 2020

Although the entire process has been slowed down due to coronavirus pandemic, preparations are underway for the first exploratory drilling in the Adriatic Sea, which, according to current estimates, will begin in the first quarter of next year. According to Montenegrin Hydrocarbon Agency, the fir Full article available for subscribers of Energy NEWS service (PDF […]

OMV Petrom reports non-cash net impairment under revised oil price forecast – Romania, 24 September 2020

The largest Romanian oil and gas company OMV Petrom, a part of Austrian OMV Group, estimates non-cash net impairments of around 72 million euros after tax, triggered by the revision of price assumptions. In Upstream segment, the company expects total non-cash net impairments of around 164 million Full article available for subscribers of Energy NEWS […]