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Oil and gas industry

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For a Low-Carbon Circular Economy in Central Europe

Sándor Laczkó
Apr 13, 2021

The Hungarian oil and gas company MOL is not only one of the best-known Hungarian brands, but has been expanding in the region for a good quarter of a century, followed by the acquisition of positions in Asia and a role in the North Sea. Keeping up with the times, the company diversifies its operations […]

MOL Group: Solid Performance in 2020

D&T
Feb 19, 2021

MOL Group has announced its financial results for 2020 that shows operating earnings without one-off special effects and adjusted by the current cost of supply decreasing but still a bit above USD two billion. Despite the much challenging pandemic and economic crisis, MOL Group generated USD 464 million Clean CCS EBITDA in the fourth quarter, […]

MOL Group's Danube refinery

MOL Group Announces Third Quarter Results

D&T
Nov 9, 2020

During the pandemic and economic crises, Clean CCS EBITDA at the Hungarian oil and gas group MOL strongly rebounded from the second quarter lows and came in at USD 610 mn in Q3 2020, only 12% lower than in the same period last year. According to a press release by the Group, this result brought […]

MOL Petrochemocals plant in Tiszaújváros

MOL Group Cash Flow Remains Positive

D&T
Aug 8, 2020

Hungary's MOL Group announced its financial results for the first half and second quarter of 2020. In the first six months, the Group delivered USD 975 mn EBITDA while Q2 EBITDA significantly declined compared to last year, due to the pandemic and economic crisis. The 2020 capex guidance of up to USD 1.5 bn was […]

MOL Discovers Oil and Gas in the North Sea

D&T
Mar 19, 2020

MOL Norge AS, a wholly owned subsidiary of Hungary' MOL Group, and its joint venture partners have discovered oil and gas in an offshore field located about 200 kms west of Stavanger in the Norwegian part of the North Sea. A statement by the company says the exploration well in the 820S licence area was […]

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