MOL Hungarian Oil & Gas Company News

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Transocean Wins Drilling Contracts
Transocean has garnered several new drilling contracts and contract extensions during the past quarter.
7:00 PM EST | February 16, 2021
European Refiner Looks 'Beyond the Fuel Age'
MOL Group carving niche in sharing economy.
8:00 PM EST | March 11, 2018
MOL Group Acquires New Licenses in Hungary
MOL Group expands its exploration portfolio by acquiring new licenses in Hungary.
7:00 PM EST | February 06, 2017
MOL Makes Oil, Gas Discoveries in Pakistan
MOL Pakistan Oil and Gas Company B.V and joint venture partner OGDCL make 2 new onshore discoveries in Pakistan's Tal Block.
8:00 PM EST | July 12, 2016
MOL Finds Condensate, Gas at Makori East-05 Well in Pakistan's TAL Block
MOL encounters condensate and gas at the Makori East-05 development well in the TAL Block in Pakistan.
8:00 PM EST | July 11, 2016
MOL Group Makes Pakistan Gas Discovery
MOL Group makes a new gas discovery in its operated TAL Block in Pakistan, marking the company's 13th find in the country.
8:00 PM EST | June 23, 2016
Hungary's MOL Reports Oil Discovery In Pakistan
Hungary's MOL group makes a new oil and gas discovery in Pakistan, its eighth discovery in the TAL block.
8:00 PM EST | June 16, 2016
Gulf Keystone Delays Bond Payments as Oil Drop Hits Finances
Gulf Keystone Petroleum will delay about $26 million of bond payments as low oil prices and disruptions in Iraq press its finances.
8:00 PM EST | April 13, 2016
Mari Petroleum Makes Oil, Gas Discovery in Pakistan's Karak Block
Mari Petroleum makes an oil and gas discovery at the Halini Deep-1 well in Pakistan's Karak Block.
8:00 PM EST | March 30, 2016
MOL Upstream Boosts Production amid Operating Loss
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.
7:00 PM EST | February 23, 2016
MOL, Gulf Keystone Hand Back Akri-Bijeel Stake to KRG
MOL Group and Gulf Keystone Petroleum decide to relinquish their interests in the Akri-Bijeel Block in the Kurdistan Region of Iraq.
7:00 PM EST | January 10, 2016
Hungarian University Students Win MOL Group UPPP Competition
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.
7:00 PM EST | December 08, 2015
University of Manchester Students Reach UPPP Top 10
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.
7:00 PM EST | November 26, 2015
MOL Wants Change In Croatia Before Taking Bigger INA Stake
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.
7:00 PM EST | November 12, 2015
MOL Signs Agreement to Acquire Eni Slovenia
MOL signs an agreement with Eni International B.V. for the acquisition of the entire share capital of Eni Slovenia.
7:00 PM EST | November 10, 2015
MOL's Upstream Segment Posts 99% Reduction in Operating Profit YOY
MOL's upstream segment posts a 99% year on year reduction in operating profit in its 3Q results.
7:00 PM EST | November 05, 2015
MOL Launches Second Annual Student Competition
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.
8:00 PM EST | September 23, 2015
MOL, Mari Petroleum Hit Oil, Gas in Pakistan
MOL Group announces that a new crude oil, condensate and natural gas discovery has been made in the Karak Block, located in Pakistan.
8:00 PM EST | September 17, 2015
MOL Recruits 200 New Graduates to its GROWWW Program
Hungary's MOL Group recruits 200 graduates from Eastern Europe, Italy and Pakistan.
8:00 PM EST | September 15, 2015
MOL Scales Back Investment in Kurdistan Region of Iraq
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.
8:00 PM EST | September 07, 2015
MOL Achieves Best-Ever Quarterly Result
Hungary's MOL Group achieves its best-ever quarterly result thanks to a strong contribution from its downstream operations.
8:00 PM EST | August 04, 2015
MOL Group Acquires Ithaca Petroleum Norge
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.
8:00 PM EST | July 08, 2015
Freshhh 2015 Winners: Focus, Critical Thinking and Hard Work Pays Off
The winning team members of MOL Group’s Freshhh 2015 competition share their experiences with Rigzone.
8:00 PM EST | June 04, 2015
MOL Group Announces Freshhh 2015 Winners
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.
8:00 PM EST | May 28, 2015
MOL Group Makes Commercial Discovery in Pakistan
MOL Group announces a new commercial discovery at the MOL operated exploration well Mardan Khel-1 in Pakistan.
8:00 PM EST | May 18, 2015
Ithaca Agrees to Sell Norwegian Business to Hungary's MOL
North Sea-focused Ithaca Energy agrees to sell its Norwegian business to Hungary's MOL for $60 million.
8:00 PM EST | April 23, 2015
Croatia Could Opt for Referendum on Adriatic Gas and Oil
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.
8:00 PM EST | March 15, 2015
Europe's BP, MOL Help Grow Young Talent with Student Competitions
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.
8:00 PM EST | March 10, 2015
MOL Swings to Loss, Even Though Downstream Performs Well
MOL swings to a quarterly loss partly due to one-off costs and a steep fall in crude prices.
7:00 PM EST | February 23, 2015
MOL Says Shaikan Block Crude Output Reached 40,000 BPD
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.
7:00 PM EST | January 04, 2015
Eni, Rockhopper Give Further Details of Croatia License Award
Eni and Rockhopper Exploration provide further details of their award of Block 9 in the Adriatic Sea off Croatia.
7:00 PM EST | January 04, 2015
Premier Completes North Sea Asset Sales
Premier Oil completes the sale of North Sea assets to MOL Group and Lundin Petroleum.
7:00 PM EST | December 21, 2014
Shaikan Production to Increase to 40,000 Barrels per Day
Work is completed on Iraqi Kurdistan's Shaikan field that will see it soon produce 40,000 barrels of oil equivalent per day.
7:00 PM EST | December 15, 2014
Central European Oil Firms See 3Q Profit Boost
OMV and MOL both report upbeat results for the third quarter of 2014, driven in part by their upstream oil and gas operations.
7:00 PM EST | November 05, 2014
MOL Gets Approval for Akri-Bijeel Block Development Plan
The Kurdistan Regional Government in Iraq approves a major new oilfield development that is majority-owned by Hungary's MOL.
8:00 PM EST | October 29, 2014
If RWE Unit Sale to Fridman Falters, Hungary's MOL Still Keen
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.
8:00 PM EST | October 15, 2014
Hungary's MOL Holds to Production Forecast after Quarterly Downturn
Hungary's MOL expects to meet its forecasts of rising crude output through to 2018.
8:00 PM EST | July 31, 2014
UAE's Dana Gas Says Wins Right to Some Payments from Iraqi Kurdistan
An arbitration tribunal awards Dana Gas the right to receive some outstanding payments from the Kurdish government.
8:00 PM EST | July 12, 2014
MOL Boosts North Sea Portfolio through Acquisition of 6 Licenses
Hungary's MOL Group buys six licenses from Premier Oil, boosting its North Sea portfolio.
8:00 PM EST | June 29, 2014
Applications to MOL's Graduate Program Soar
Hungary's MOL sees a 50% increase in applications to its 2014 Growww graduate recruitment program.
8:00 PM EST | June 25, 2014
MOL Opens Middle East Regional Office in Erbil
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.
8:00 PM EST | June 17, 2014
Catcher Development Plan Gets Go-Ahead from UK Government
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.
8:00 PM EST | June 11, 2014
MOL Announces Significant Oil Find in Pakistan
Hungary's MOL makes a significant oil discovery at the Ghauri X-1 well in the Punjab province of Pakistan.
8:00 PM EST | June 09, 2014
Croatian Court to Try MOL Chairman in Absentia
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.
8:00 PM EST | June 09, 2014
Hungary's MOL Makes Oil/Gas Discovery in Kazakhstan
Hungary's MOL makes an oil and natural gas discovery at Rozhkovskoye field in the Fedorovsky Block, Kazakhstan.
8:00 PM EST | May 26, 2014
MOL Closes North Sea Deal with Wintershall
Hungarian oil and gas producer MOL closes its deal with Wintershall to acquire interest in 14 licenses in the North Sea.
8:00 PM EST | March 24, 2014
MOL Launches 2014 Graduate Recruitment Program
Hungary's MOL is seeking 250 new graduates from around the world to join its 'Growww' graduate recruitment program.
8:00 PM EST | March 10, 2014
MOL Sees Crude Output Declining In 2014
Hungary's MOL says its crude output will decline in 2014 before growing again next year.
7:00 PM EST | February 24, 2014
Turkey's TPAO Says In Talks With Exxon, OMV, MOL For Joint Oil Exploration
Turkey is holding talks with international oil companies for joint oil exploration in Black Sea, the head of state-owned exploration firm TPAO says.
7:00 PM EST | February 18, 2014
MOL Eyes More North Sea Deals - Chairman In Paper
Hungary's MOL plans to buy more North Sea assets after announcing its first deal in the region last week.
7:00 PM EST | December 15, 2013