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.
Maersk Drilling has announced the award of a multi-million exploration deal with Hungarian firm MOL in the Southern North Sea.
Hungarian oil firm Mol Group has confirmed today that it will buy up Chevron's mid-stream interests in Azerbaijan for more than £1.2 billion.
Deloitte has further boosted its Aberdeen-based practice with the announcement that Sarah McGavin has rejoined the firm as an audit director.
Production from the UK North Sea’s Catcher area helped Hungarian oil firm Mol Group lift its upstream earnings by almost 50% last year.
Budapest-based MOL Group has today announced an agreement to buy Eni Croatia BV.
Hungarian oil firm MOL Group said it owed an upsurge in 2017 profits to “strong financial and operational delivery” across the business.
Hungarian oil firm MOL Group is weighing up the sale of its UK North Sea business, just four years after its arrival in the basin, a news report said.
Hungarian oil firm MOL Group has expanded its footprint in Norway with the acquisition of four licences.
EnQuest has announced that first oil from the North Sea Scolty/Crathes development was today achieved under budget and ahead of schedule.
An international arrest warrant which had been put out for the head of Hugary's MOL Group has not been renewed.
A former senior vice president at MOL Group has joined private equity-backed Azimuth to lead commercial aspects of the company's global upstream drive.
North Sea firm MOL Group increased its profits by a fifth in the first half of 2016 thanks to a record return from its downstream business. MOL, based in Budapest, Hungary, said the segment achieved earnings before interest, taxes, depreciation, and amortization (Ebitda) of 209billion Hungarian forints (£570million) on the back of strong petrochemicals and retail performance. But low oil prices saw MOL suffer a 20% drop in its upstream income – despite an 8% rise in average daily hydrocarbon production.
MOL Group said it has completed its acquisition of Eni's downstream business in Hungary.
MOL Group said it has successfully started its test production in two of its gas fields in Croatia.
Hungary's MOL Group announced a new gas discovery in the MOL operated TAL block in Pakistan, the company’s 13th discovery in the country and the ninth discovery in the TAL block.
North Sea firm MOL Group more than doubled first quarter profits after its global oil and gas production surged to its highest level since the final quarter of 2012.
Oil and gas producer MOL posted a big jump in first-quarter profit, despite a big drop in its E&P (exploration and production) business performance.
Hungarian energy group Mol said it will scale back investment and target lower earnings after plunging oil prices caused a revaluation of its assets and led to a fourth-quarter loss.
Take a look back at some of Energy Voice’s most watched videos from the past year.
MOL Group has achieved its best ever quarterly results led by the demand in its downstream sector. The Hungarian company said its net profit for the nine months of the year was $583million which was more than double the result from the same time last year. MOL said it was on track to reach its upgraded target for 2015 of $2.2billion. Despite the decline in oil price the company said its upstream segment decreased by a much smaller extent of 23%.
MOL Group said it aims to be in the "top 25%" in the refinery business across Europe. The Hungarian company, which has seen a boom in its downstream production amid the oil price decline, saw the creation of its Danube refinery 50 years ago. During that time like much of Eastern European the country was under a socialist regime.
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.
MOL Group will be continuing its focus on the UKCS and Norway after snapping up assets in both regions since last year. Brian Glover, exploration and business development senior vice president for the company, spoke exclusively to Energy Voice as it visited the firm's headquarters in Hungary. Everyday this week Energy Voice will be briefing from Hungary on the latest developments in MOL's operations across the globe.
MOL Group has launched the second year of its talent acquisition programme inviting students to compete for a main prize and kick-start their careers. The UPPP programme allows students to compete via an online simulation game where they take part in virtual scenarios over the internet and solve industrial and strategic tasks. This year young female students in particular are being asked to take part.