Hungary

Austria's OMV has reported significant increases in its Q108 results. The company's net earnings have increased 34% to EUR446mn (US$692.2mn), with revenues rising by 30% to EUR5.96bn,... 2008-05-07

The companies developing Hungary's Makó Trough area have said that the fields may hold enough reserves to allow Hungary to start exporting gas to its European neighbours.

US major ExxonMobil has struck a deal with Canadian independent Falcon Oil and Gas to take operatorship of 75% of the Makó Trough production licence in Hungary.

AIM-listed Matra Petroleum has been awarded the Mezőcsokonya exploration licence in Hungary. The licence, which covers 383sq km, is surrounded by the Inke concession.... 2008-03-17

Such is the desperation of Hungarian oil and gas group MOL to avoid a takeover by Austrian rival OMV that it has now lined up an Omani company as a significant shareholder. This... 2008-03-11

Austrian energy group OMV has cranked up the pressure on Hungarian acquisition target MOL in an attempt to reinvigorate its takeover bid for the company.

Hungary's MOL and Romania's Transgaz have agreed a deal to construct a new natural gas pipeline connecting the two countries. According to a statement from MOL, the pipeline will... 2008-01-25

Austria's OMV has made a direct approach to the shareholders of Hungary's MOL , offering HUF32,000 per share in a hostile bid to acquire the company and create a new central... 2007-09-25

Hungarian oil and gas company MOL is employing various strategies to ward off a hostile takeover from Austrian rival OMV, including investigating a possible tie-up with Russia's... 2007-07-19

Reuters has reported that German utility RWE is in discussions to become the sixth partner in the Nabucco pipeline project, that the European Union (EU) hopes will provide the infrastructure... 2007-07-19