MOL Hungarian Oil & Gas

Recent Articles

MOL Group Makes Commercial Discovery in Pakistan
Tuesday, May 19, 2015 MOL Group announces a new commercial discovery at the MOL operated exploration well Mardan Khel-1 in Pakistan.
Ithaca Agrees to Sell Norwegian Business to Hungary's MOL
Friday, April 24, 2015 North Sea-focused Ithaca Energy agrees to sell its Norwegian business to Hungary's MOL for $60 million.
Croatia Could Opt for Referendum on Adriatic Gas and Oil
Monday, March 16, 2015 Croatia could hold a referendum on the planned exploitation of potential gas and oil wells in the Adriatic, Prime Minister Zoran Milanovic said, responding to growing criticism from environmental groups.
Europe's BP, MOL Help Grow Young Talent with Student Competitions
Wednesday, March 11, 2015 BP holds the UK finals for its Ultimate Field Trip competition in London while Hungary's MOL Group launches its Freshhh completion, which is also aimed at university students.
MOL Swings to Loss, Even Though Downstream Performs Well
Tuesday, February 24, 2015 MOL swings to a quarterly loss partly due to one-off costs and a steep fall in crude prices.
MOL Says Shaikan Block Crude Output Reached 40,000 BPD
Monday, January 05, 2015 Hungary's MOL reports that crude production from the Shaikan block in the Kurdish region of Iraq is now over 40,000 barrels per day.
Eni, Rockhopper Give Further Details of Croatia License Award
Monday, January 05, 2015 Eni and Rockhopper Exploration provide further details of their award of Block 9 in the Adriatic Sea off Croatia.
Premier Completes North Sea Asset Sales
Monday, December 22, 2014 Premier Oil completes the sale of North Sea assets to MOL Group and Lundin Petroleum.
Shaikan Production to Increase to 40,000 Barrels per Day
Tuesday, December 16, 2014 Work is completed on Iraqi Kurdistan's Shaikan field that will see it soon produce 40,000 barrels of oil equivalent per day.
Central European Oil Firms See 3Q Profit Boost
Thursday, November 06, 2014 OMV and MOL both report upbeat results for the third quarter of 2014, driven in part by their upstream oil and gas operations.
MOL Gets Approval for Akri-Bijeel Block Development Plan
Thursday, October 30, 2014 The Kurdistan Regional Government in Iraq approves a major new oilfield development that is majority-owned by Hungary's MOL.
If RWE Unit Sale to Fridman Falters, Hungary's MOL Still Keen
Thursday, October 16, 2014 MOL Group says it is still interested in buying RWE's DEA unit which holds 190 oil and gas licenses in Europe, the Middle East and North Africa if its sale to Russian billionaire is not approved.
Hungary's MOL Holds to Production Forecast after Quarterly Downturn
Friday, August 01, 2014 Hungary's MOL expects to meet its forecasts of rising crude output through to 2018.
UAE's Dana Gas Says Wins Right to Some Payments from Iraqi Kurdistan
Sunday, July 13, 2014 An arbitration tribunal awards Dana Gas the right to receive some outstanding payments from the Kurdish government.
MOL Boosts North Sea Portfolio through Acquisition of 6 Licenses
Monday, June 30, 2014 Hungary's MOL Group buys six licenses from Premier Oil, boosting its North Sea portfolio.
Applications to MOL's Graduate Program Soar
Thursday, June 26, 2014 Hungary's MOL sees a 50% increase in applications to its 2014 Growww graduate recruitment program.
MOL Opens Middle East Regional Office in Erbil
Wednesday, June 18, 2014 MOL moves Middle East and Africa regional office to Erbil in a vote of confidence in the political stability of the Kurdistan region of Iraq.
Catcher Development Plan Gets Go-Ahead from UK Government
Thursday, June 12, 2014 The UK's Department of Energy and Climate Change approves Premier Oil's field development plan for the Catcher area of the central North Sea.
MOL Announces Significant Oil Find in Pakistan
Tuesday, June 10, 2014 Hungary's MOL makes a significant oil discovery at the Ghauri X-1 well in the Punjab province of Pakistan.
Croatian Court to Try MOL Chairman in Absentia
Tuesday, June 10, 2014 Croatia is to try the chairman of Hungary's MOL on graft charges relating to the firm's purchase of Croatian oil and gas company INA.