MOL Hungarian Oil & Gas

Recent Articles

Gulf Keystone Delays Bond Payments as Oil Drop Hits Finances
Thursday, April 14, 2016 Gulf Keystone Petroleum will delay about $26 million of bond payments as low oil prices and disruptions in Iraq press its finances.
Mari Petroleum Makes Oil, Gas Discovery in Pakistan's Karak Block
Thursday, March 31, 2016 Mari Petroleum makes an oil and gas discovery at the Halini Deep-1 well in Pakistan's Karak Block.
MOL Upstream Boosts Production amid Operating Loss
Wednesday, February 24, 2016 MOL Group's upstream business boosts its production by almost 7% year-on-year in 2015, posting an operating loss of $1.65 billion in the process.
MOL, Gulf Keystone Hand Back Akri-Bijeel Stake to KRG
Monday, January 11, 2016 MOL Group and Gulf Keystone Petroleum decide to relinquish their interests in the Akri-Bijeel Block in the Kurdistan Region of Iraq.
Hungarian University Students Win MOL Group UPPP Competition
Wednesday, December 09, 2015 Three students from the University of Miskolc in Hungary have won MOL Group's UPPP competition, beating over 1,000 other teams from all over the world.
University of Manchester Students Reach UPPP Top 10
Friday, November 27, 2015 A team of students from the University of Manchester in the UK reaches the top 10 of MOL Group's global oil and gas student competition, UPPP.
MOL Wants Change In Croatia Before Taking Bigger INA Stake
Friday, November 13, 2015 Oil group MOL publicly raises the prospect of increasing its stake in Croatian peer INA for the first time in years, but said it will not do so until Zagreb adopts a more investor-friendly approach to foreign firms.
MOL Signs Agreement to Acquire Eni Slovenia
Wednesday, November 11, 2015 MOL signs an agreement with Eni International B.V. for the acquisition of the entire share capital of Eni Slovenia.
MOL's Upstream Segment Posts 99% Reduction in Operating Profit YOY
Friday, November 06, 2015 MOL's upstream segment posts a 99% year on year reduction in operating profit in its 3Q results.
MOL Launches Second Annual Student Competition
Thursday, September 24, 2015 MOL Group invites students to take part in the company's second international UPPP competition, which will see applicants solve exploration, field development and production related tasks.
MOL, Mari Petroleum Hit Oil, Gas in Pakistan
Friday, September 18, 2015 MOL Group announces that a new crude oil, condensate and natural gas discovery has been made in the Karak Block, located in Pakistan.
MOL Recruits 200 New Graduates to its GROWWW Program
Wednesday, September 16, 2015 Hungary's MOL Group recruits 200 graduates from Eastern Europe, Italy and Pakistan.
MOL Scales Back Investment in Kurdistan Region of Iraq
Tuesday, September 08, 2015 MOL scales back investment in the Akri-Bijeel Block, located in the Kurdistan Region of Iraq, due to payment issues associated with the block and the area's geological complexity.
MOL Achieves Best-Ever Quarterly Result
Wednesday, August 05, 2015 Hungary's MOL Group achieves its best-ever quarterly result thanks to a strong contribution from its downstream operations.
MOL Group Acquires Ithaca Petroleum Norge
Thursday, July 09, 2015 MOL Group successfully completes a deal to acquire 100% ownership of Ithaca Petroleum Norge from Ithaca Petroleum Ltd, for a price that could reach up to $90 million.
Freshhh 2015 Winners: Focus, Critical Thinking and Hard Work Pays Off
Friday, June 05, 2015 The winning team members of MOL Groupís Freshhh 2015 competition share their experiences with Rigzone.
MOL Group Announces Freshhh 2015 Winners
Friday, May 29, 2015 MOL Group announces the winners of the Freshhh 2015 competition, which sees students from all over the world compete in technology and business strategy simulations related to the oil and gas industry.
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.