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PORTFOLIO.HU - Online Financial Journal - 20 latest news (Energy)

Last Build Date: Mon, 22 Jan 2018 16:16:36 +0100


Slovak unit of Hungary's MOL to embark on EUR 300 m investment

Thu, 01 Dec 2011 15:54:00 +0100

Slovnaft, a Slovak refinery controlled by Hungary’s MOL Group, plans to implement three large investment projects in Bratislava refinery in next 42 months with total value more then 300 million...

Hungarian MOL's Slovakian unit seeks to grab quarter of Czech retail market - paper

Tue, 22 Nov 2011 09:09:00 +0100

Slovakian energy company Slovnaft, a member of Hungary’s MOL Group, is aiming to obtain a 23-25% market share in the Czech retail segment, CEO Oszkár Világi told daily E15 on Tuesday. Asked...

ANALYST VIEW - Gulf Keystone seeks to sell stake in Kurdistan block operated with Hungary's MOL

Thu, 15 Sep 2011 12:16:00 +0200

Gulf Keystone Petroleum Ltd., an oil and gas explorer focusing on Iraq’s Kurdistan region, plans to exit a project with Hungarian fuels MOL to concentrate on three other fields in the area....

ANALYST VIEW - Raiffeisen cuts Hungary MOL TP, says some risks are exaggerated

Thu, 15 Sep 2011 09:30:00 +0200

Raiffeisen has lowered its target price for Hungarian fuels group MOL by 20% to HUF 23,150, but even this implies an upside potential of 58%. The cut comes after MOL’s share price has fallen...

Hungary MOL's Slovak unit to pump up Adria pipeline capacity with EUR 80 m investment

Tue, 13 Sep 2011 12:18:00 +0200

Hungarian fuels group MOL and Slovak unit Slovnaft will invest around 80 million euros boosting the capacity of the Adria oil pipeline between Hungary and Slovakia, Reuters cited Slovnaft as saying...

Hungary MOL retains position in the Dow Jones Sustainability Index

Mon, 12 Sep 2011 09:09:00 +0200

Hungarian oil and gas group MOL has been included into the Dow Jones Sustainability Index, based on the evaluation of the leading company specialized in global corporate sustainability analysis, the...

Hungary MOL, CEZ proceed with power plant project as planned

Fri, 09 Sep 2011 11:08:00 +0200

Hungarian oil and gas group MOL and CEZ, the largest utility of the Czech Republic, have started preparations for the construction of a joint power plant in Hungary, local business daily...

Croatian watchdog may keep blocking trading in INA shares

Thu, 08 Sep 2011 11:08:00 +0200

Croatia’s market regulator Hanfa may indefinitely block trading of shares in national energy company INA, a subsidiary of Hungarian oil and gas group MOL, local news portal Business.Hr reported...

EU sanctions do not affect operations of Hungary's MOL in Syria

Tue, 06 Sep 2011 11:04:00 +0200

The Council of the European Union imposed a ban on the import of Syrian oil to the EU last Friday, but INA, the Croatian interest of Hungarian fuels group MOL, said on Tuesday that the sanctions...

Fuel rates to be raised markedly this week in Hungary

Mon, 05 Sep 2011 14:37:00 +0200

Hungarian energy group MOL is to hike the wholesale list price of gasoline and diesel by HUF 7 and HUF 5 per litre, respectively on Wednesday, has learned on Monday. The price rise is...

ANALYST VIEW - ING downgrades Hungary's MOL to 'Hold', cuts target price dramatically

Thu, 01 Sep 2011 16:40:00 +0200

ING has on Thursday slashed its target price for Hungarian fuels group MOL to HUF 18,000 from HUF 28,000 previously and downgraded the stock to ‘Hold’ from ‘Buy’ over worsened...

Hungary PM wants to keep MOL stake, structural measures may change

Fri, 19 Aug 2011 14:10:00 +0200

Hungary’s Prime Minister Viktor Orbán would not like the recently purchased MOL package to serve as a lifebelt in case of a crisis, local daily Népszabadság learned on Friday. “We did...

Hungary MOL maintains momentum in Q2 (2)

Tue, 16 Aug 2011 09:00:00 +0200

(Adds details, charts) The second-quarter operating profit of Hungarian fuels group MOL came in somewhat below the market’s call, while its net profit overshot expectations substantially, the...

Croatia revokes INA's licences in three local exploration areas

Mon, 08 Aug 2011 11:05:00 +0200

The Croatian government has revoked exploration licences of its national oil and gas group INA Industrija Nafte in three sites in the northwest of the country. The move causes INA, controlled by...

Antitrust authority upholds EUR 9 m fine for Hungarian MOL’s Slovakian unit Slovnaft

Fri, 22 Jul 2011 16:20:00 +0200

Slovakia’s Anti-Monopoly Office upheld a EUR 9 million fine for Slovnaft, the Slovakain unit of Hungarian oil and gas group MOL, for price discrimination. The antitrust regulator rejected an...

Hungary will tap MOL package for financing if needed - Deputy PM Varga

Fri, 22 Jul 2011 11:29:00 +0200

Hungary may sell part of its 21.2% stake in national fuels group MOL at the right price if it comes to the country’s safe financing, said Mihály Varga, state secretary of the Prime Minister's...

EcoSolifer to build EUR 50 m solar modul plant in Hungary

Tue, 19 Jul 2011 17:20:00 +0200

EcoSolifer AG, a Hungarian-owned and Switzerland-based photovoltaic module maker, is to start a cc. EUR 50 million investment project in Csorna, northwest Hungary. In the new plant, which will create...

E.ON starts four biomethane feed-in projects in northern Germany

Tue, 19 Jul 2011 12:14:00 +0200

German energy giant E.ON has announced on Tuesday that it is launching projects across northern Germany to feed biogas into the natural gas networks. By the end of this year, E.ON Hanse plans to...

GDF Suez launches new 405MW CCGT power plant in Hungary

Fri, 15 Jul 2011 08:38:00 +0200

GDF Suez has inaugurated a cutting edge 405 megawatt combine cycle gas turbine (CCGT) power plant on the Dunamenti site, in Százhalombatta, Hungary. Dunamenti Erőmű Zrt, the operator of the...

Hungary MOL rejects Croatian allegations in paid ad

Wed, 13 Jul 2011 19:14:00 +0200

Hungarian oil and gas group MOL published an open letter in the form of paid advertisement in the Croatian press, in response to a series of attacks it was subject to over Croatian’s energy...