MOL Group: 2020 Results – A Solid Performance in a Very Challenging Year
Today, MOL Group announced its financial results for 2020. Despite the challenging pandemic and economic crisis, MOL Group generated USD 464mn Clean CCS EBITDA in Q4, bringing full-year Clean CCS EBITDA to USD 2.05bn, above the updated guidance. In a year of disruption, volatility and uncertainty, all segments generated positive …
MOL: Get Top Sustainability Ranking
MOL has again qualified for inclusion in the Dow Jones Sustainability World Index (DJSI) in the Upstream & Integrated Oil & Gas category following the 2020 assessment process. This is the fifth consecutive year that MOL has been recognized for its corporate sustainability leadership and made it into the DJSI. …
MOL GROUP Russia: Implementing the ‘Technical Limit’ System to Improve Efficiency in Workover Operations
Russian oil and gas companies have been implementing the Technical Limit methodology for about 10 years to improve the efficiency of various operational stages of well construction and workover, from drilling to production. Gazprom Neft has already written about their experiences of implementing this solution to improve their efficiency within …
MOL Group 3rd Quarter EBITDA Bounced Back Despite the Crisis, Challenges Ahead
Today, MOL Group announced its financial results for the third quarter of 2020. During the pandemic and economic crises, Clean CCS EBITDA strongly rebounded from the Q2 lows and came in at USD 610mn in Q3 2020, only 12% lower than in the same period last year. This result brought …
RDCR & KDR Combine and Go Virtual in 2020!
Join us Online for a Combined RDCR & KDR on the 4th December 2020 Due to the current worldwide travel restrictions, the organising committee will combine RDCR and KDR in 2020 to host what will be the largest virtual gathering of Russian and Kazakh drilling and production experts yet seen …
MOL Group Q2 Results Hit Hard by Crisis, Free Cash Flow Remains Positive
Clean CCS EBITDA declined by 44% in Q2 2020 to USD 353mn, bringing H1 Clean CCS EBITDA to USD 975mn, 15% lower than last year’s result Upstream EBITDA declined to USD 112mn in Q2, affected by the collapsing oil and gas prices, despite increased production volumes Downstream Clean CCS EBITDA …
MOL Group Reported USD 152mn Net Loss in Q1
USD 152mn net loss reported for Q1 on the back of large foreign exchange losses and inventory losses caused by weaker HUF and the plunging oil prices Underlying operations were running strong until mid-March, when the pandemic-related lockdown started to seriously affect all business lines Upstream EBITDA declined by 35% …
Slovakia-Based GA Drilling Receives Significant Funding from Lead Ventures and Signs Service Agreement with MOL Group
GA Drilling signed a EUR 4.2 million funding agreement with Lead Ventures and a service agreement with MOL Group. Lead Ventures, a Budapest based venture capital firm invested funds provided by MOL Group, and Hungarian Eximbank. The deal gives GA Drilling access to onshore production wells to test its disruptive …
MOL Group 2018 Results: Highest EBITDA Since 2011
Clean CCS EBITDA reached USD 2.69bn, up 10% versus previous year Upstream’s contribution jumped by 49% y-o-y, Consumer Services increased by 18% Net profit reached again USD 1.1bn, equaling previous year’s result Budapest, 22 February 2019 – Today, MOL Group announced its financial results for 2018. MOL increased its EBITDA …
6th RDCR 2018 – Date, Venue & Sponsors Announced
TMG Worldwide are pleased to announce that the 6th RDCR will be returning to the Kempinski Baltschug Hotel for the 5th year running on the 12th April, 2018. Now in its 6th year, the RDCR 2018 will see an expanded format that includes not only the traditional focus areas of …