The Hungarian oil and gas company Mol has acquired the gas fields and related infrastructure of O&GD near Endrőd, SE Hungary, Mol announced on Tuesday, according to MTI. The area of about 1,000 square kilometers includes 29 wells trained for hydrocarbon production, with a daily production of about 1,000 barrels equivalent. In the longer term, […]

The energy company MVM is drilling its tenth well in the gas fields of Eastern Hungary, the Ministry of Energy (EM) said on its Facebook page on Wednesday. The ministry explained that the drilling of the fourth new well in the Sarkad area of Békés County was recently completed and is currently being tested. The […]

The Hungarian energy conglomerate MVM Group has acquired a stake in one of the world's largest deep-sea natural gas fields, following the closing of a transaction between the MVM Group and Azerbaijan's state-owned Southern Gas Corridor CJSC on Friday, MVM told MTI. With the transaction, MVM has acquired a 5% stake in the Shah Deniz […]

The first well at the hydrocarbon deposit discovered in the Sarkad region is put into operation this Monday, while drilling of the second well at the Nyékpuszta field will start in the coming days, the Ministry of Energy (EM) has informed MTI. The government is strengthening Hungary's energy sovereignty and security of supply by meeting […]