Economy of Vojvodina

East West Petroleum Provides Operational Update for Romania

Retrieved on: 
Friday, February 26, 2021
Economy of Vojvodina, Naftna Industrija Srbije, NIS, Economy of Serbia, SERBIA

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2021) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to provide the following operational update for Romania.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - February 26, 2021) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to provide the following operational update for Romania.
  • As previously reported, the Company's joint venture partner and operator, NIS Petrol ("NIS"), subsidiary of NIS a.d., suspended all operational activities on March 25th 2020 when a national lockdown was declared in Romania.
  • About East West Petroleum Corp.
    East West Petroleum Corp. ( www.eastwestpetroleum.ca ) is a TSX Venture Exchange listed company established in 2010 to invest in international oil & gas opportunities.
  • In Romania the Company has exploration rights in four exploration concessions covering 1,000,000 acres in the prolific Pannonian Basin of western Romania with Naftna Industrija Srbije ("NIS").

BiondVax Announces Fourth Quarter and Full Year 2019 Financial Results and Provides Business Update

Retrieved on: 
Friday, June 12, 2020
Economy of Vojvodina, Naftna Industrija Srbije, Directory services, Network management

Total operating expenses were NIS 32.5 million (approximately $9.4 million) compared with NIS 27.9million for the fourth quarter of 2018.

Key Points: 
  • Total operating expenses were NIS 32.5 million (approximately $9.4 million) compared with NIS 27.9million for the fourth quarter of 2018.
  • R&D expenses for the fourth quarter amounted to NIS 31.6million ($9.1 million) compared with NIS 26.6million for the fourth quarter of 2018.
  • As of December 31, 2019, BiondVax had cash and cash equivalents of NIS 72.4million ($20.9 million) compared to NIS 75.8 million as of December 31, 2018.
  • $20 million rights offering:In June and July 2019, BiondVax raised approximately US$20 million in a rights offering to existing shareholders.

McDermott Awarded Technology Contract by Naftna Industrija Srbije in Serbia

Retrieved on: 
Tuesday, December 17, 2019
Chemistry, Physical sciences, Natural sciences, Oil refining, Economy of Vojvodina, Naftna Industrija Srbije, Fluid catalytic cracking, Lummus, NIS, Cracking, Pančevo

HOUSTON, Dec. 17, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by Naftna Industrija Srbije(NIS) for the modernization of its existing Fluid Catalytic Cracking (FCC) unit to be implemented at their refinery in Pancevo, Serbia.

Key Points: 
  • HOUSTON, Dec. 17, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by Naftna Industrija Srbije(NIS) for the modernization of its existing Fluid Catalytic Cracking (FCC) unit to be implemented at their refinery in Pancevo, Serbia.
  • "We are extremely pleased that NIS has again selected Lummus Technology to upgrade their refinery," said Leon de Bruyn, Senior Vice President of Lummus Technology.
  • "This award represents the first license of the Indmax FCC technology in Europe, demonstrating the increasing interest in Indmax FCC globally.
  • Previously, NIS has also selected the hydrocracking technology from Lummus Technology's joint venture, Chevron Lummus Global (CLG), as well as, more recently, Lummus Technology's delayed coking technology.