Oil & Gas

Mol Group chief executive convicted of bribery

A Croatian court convicted the head of Hungary’s biggest energy group on bribery charges relating to the acquisition of the Balkan nation’s oil company, complicating what’s been one of eastern Europe’s most intractable cross-border corporate conflicts of the past decade.

Renewables/Energy Transition

Solar Wars Part VIII: Save us Hungary, you’re our only hope

Previous Solar Wars articles have noted that tribunals hearing Energy Charter Treaty (ECT) claims by an investor from one EU Member State against another EU state had consistently held that the decision of the Court of Justice of the European Union (CJEU) in Slovak Republic v Achmea did not apply to ECT claims.

Oil & Gas

MOL takes ‘fresh’ approach to petrol stations

MOL Group has been looking to boost its assets in the retail market with the development of new "fresh corners" in their petrol stations. The Hungarian company said it had looked to integrated models such as Marks and Spencers and oil major BP in the UK. More than 20 petrol stations have been piloting the scheme in a number of its premises before the idea is approved to go wider across eastern Europe.

Oil & Gas

DualEx Energy ceases production from Hungarian field

DualEx Energy has ceased natural gas production from one of its fields in Hungary. The company said production from its Peneszlek field in the north east of the country was stopped due to a natural depletion of two remaining wells.