MOL Group | Oil & Gas Feed

MOL Group has announced the launch of its new "Low Carbon and New Energies" branch within its Exploration & Production division with the goal of developing sustainable energy solutions.

MOL Group has received the ISCC Plus certificate for its chemical recycling activities at its Tiszaújváros site. The certificate verifies that the plant complies with the regulations and enables the company to create a comprehensive value chain that includes the entire life cycle of plastic waste.

MOL Group announced its financial results for the first quarter of 2024. The company delivered 382 million USD in profit before tax, amidst continued government takes and turnarounds in the downstream, the unfavourable effect of lower gas prices and so on.

Hungary's MOL Group has updated its long-term strategy SHAPE TOMORROW, aiming to make the region greener, more self-sufficient and more competitive.

MOL Group has successfully concluded the acquisition of OMV Slovenija, solidifying its position as the second-largest player in Slovenia.

Hungary’s MOL Group has concluded an agreement with German energy company BayWa to acquire the Szarvas biogas plant.

Hungarian integrated oil and gas company, MOL Group delivered USD 714mn Clean CCS EBITDA in Q1 2023, despite regulatory headwinds and decreasing oil and gas prices. Upstream EBITDA decreased due to decreasing oil and gas prices, the extra royalty in Hungary and the regulated gas price scheme in Croatia, said the company.

Hungary's MOL Group will acquire a majority stake and joint control in Alteo, a Hungarian-owned energy service and trading company with a diverse portfolio of renewables energy generation capacity.