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Mol

Norway

One in three success rate for Norwegian explorers so far in 2021

Westwood Global Energy reports that there were five exploration well programmes active on the Norwegian Continental Shelf as of February 24. A total of three exploration wells have completed to date in 2021, from which one commercial discovery was made with total resources of c. 57 mmboe, giving a 33% commercial success rate.

Oil & Gas

MOL boosts downstream business despite oil price decline

A global decline in the oil price since last year may have hindered upstream business in regions such as the UKCS. But for Hungary's MOL Group, the lower oil price has prompted an unexpected boost in its downstream operations. David Pullan, group downstream development senior vice president for the company, told delegates at the Central Eastern Europe and Turkey Refinery Summit in Budapest his side of the business had seen "very good" results. In the third part of our week long series from MOL's headquarters in Hungary, we look to its successes in its downstream business.

Oil & Gas

MOL looks for future success in the Middle East as it moves to exit Cameroon

MOL Group's Brian Glover said the company does not see any "great future" for itself in Central Africa as it eyes further success in the Middle East. In the second part of Energy Voice's week-long series looking at the Hungarian company's operations, the exploration and business development senior vice president spoke about ongoing operations. MOL has had a 40% working interest in the Ngosso Block in Cameroon since 2007.