Conpet has budgeted for 2020 revenues of 460 million lei and a profit of 55.4 million lei
Conpet Ploieşti, a national oil carrier owned by 58.7% of the Romanian state, has budgeted a net profit of 55.4…
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OMV Petrom will pay 27 mln. euro to the parent company for participation in the Han Asparuh perimeter in Bulgaria
OMV Petrom will pay OMV Exploration & Production about 27 million euro for the acquisition of the shares held by…
APIA: A third of the cars registered in 2019 were Euro 6, electric and hybrid
Over one third (35%) of the total number of new and used cars entered in the national car park in…
In respect to the Neptun Deep project, OMV Petrom moves from “when” to „if” – changes to offshore law are urgent
The extraction of natural gas from the Neptun Deep perimeter of the Black Sea has become uncertain, as the offshore…
Seele: OMV does not expect Nord Stream 2 construction to resume soon
Austria’s OMV does not expect construction of Nord Stream 2 gas pipeline to resume soon, the oil and gas company’s…
EU power plant emissions in 2019 see record decline
In 2019, the EU electricity sector emitted 12 per cent less CO2 than in the previous year. At the same…
The national gas and electricity transmission system operate under normal parameters
The national gas and electricity transmission system is operating under normal parameters, and Romania is not facing any particular problems…
Romgaz asks the government to approve his participation in the Neptun Deep auction
Bogdan Tudorache Romgaz convened for March 11 the extraordinary meeting of the shareholders asking for “approval of the acquisition of…
Gov’t approved the program for introducing gas to villages, worth 500 mln. euro
The government approved, in its Tuesday meeting, a national program for the introduction of natural gas in the rural area,…
It’s official: EC Oltenia receives state aid of 251 million euros, through Ordinance
The Romanian Government approved, in the meeting on Tuesday, the Emergency Ordinance by which the Oltenia Energy Complex receives 1.2…
Alstom signs first contract for battery-electric regional trains in Germany
Alstom will manufacture, deliver and maintain until 2032 eleven Coradia Continental battery-electric trains for regional traffic on the Leipzig-Chemnitz route…
E.ON: Most online users do not think about energy consumption
Two thirds of Germans do not consider a major problem for the environment the high electricity consumption of data centers,…
Hapag-Lloyd to lower CO2 emissions using biofuel
Hapag-Lloyd is bunkering “bio”: To reduce the CO2 emissions generated by operating ships, one of its ships recently refuelled in…
EU carbon border tax would come with risks – opinion
The carbon border adjustment mechanism envisioned by the European Commission as part of its landmark Green Deal package is problematic…
Lukoil injects over 23 million euro into the Romanian wind business
Lukoil, through a subsidiary registered in the Netherlands, is increasing with over 23 million euro (110 million lei) the share…
Orban government was dismissed; Romania must continue its energy projects – reactions
The dismissal of the Orban government could bring about a new set of changes in the state apparatus and state-owned…
Exxon will not be able to sell its stake in Neptun Deep without Government approval
Bogdan Tudorache Exxon will not be able to sell its stake in Neptun Deep without the consent of the Romanian…
The Government confirms the takeover of the CNU Feldioara branch by Nuclearelectrica
Bogdan Tudorache The Ministry of Economy (MEEMA) will take all legal steps to assist Nuclearelectrica in the procurement process of…
CNU will be able to conclude contracts with Nuclearelectrica at a different price than the one approved by the MFP
Bogdan Tudorache The National Uranium Company (CNU) will be able to raise the price beyond the limits set by the…
EU ETS rules are changing, public debates end on March 10
Bogdan Tudorache The state aid guidelines for indirect costs compensation in the EU ETS are ”up for revision – not…
Five companies in the race for Belene NPP
Five companies have confirmed their offer for building the new Bulgarian nuclear plant from Belene. The deadline was January 31st.…
CE Oltenia: EC received the request for over 250 million euro worth state aid
The Oltenia Energy Complex claims that the requirements regarding the formal transmission of the state aid of approximately 251.5 million…