China opens up oil and gas exploration, production for foreign firms
For the first time, China will this year allow foreign companies to explore for and produce oil and gas in…
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Climate activists up pressure on Siemens over Australian coal mine contract
Germany’s Fridays for Future student climate protest movement has increased the pressure on engineering conglomerate Siemens for its involvement in…
Volume of Germany’s climate package climbs to 62 billion euro
German Chancellor Angela Merkel’s climate package to reach 2030 targets has a total volume of about 62 billion euros by…
The transition to green energy generates multiple opportunities
After the first historical stage of collective efforts towards decarbonization and diversification of the energy mix, Romania is one of…
Electroputere does not close – the decision was not taken
Bogdan Tudorache Although only one of the Electroputere sections is still operational, the one of electric transformers, the company announces…
Bulgartransgaz set to acquire 20% interest in Greek LNG terminal
Bulgaria’s government said on Wednesday that it has issued approval to gas transmission system operator Bulgartransgaz to acquire 20% interest…
Cîţu: We do not enjoy Exxon’s decision to leave Romania; this Government came in too late
The liberal (PNL) government came too late for ExxonMobil’s interests, which were already in the starting point, and their decision…
Former director of Electrica, Ioan Folescu, resigns from the mandate of Transelectrica
Bogdan Tudorache Former director of Electrica, Ioan Folescu, criminally investigated for possible damages to Electrica company, resigned from the Transelectrica…
OMV Petrom signs agreement to transfer 40 fields to Dacian Petroleum
Bogdan Tudorache OMV Petrom has announced on Wednesday that it has reached an agreement for the transfer of 40 onshore…
The government has launched a new program for the reconversion of miners in the Jiu Valley
The government launched on Wednesday a new program of projects regarding the reconversion of the Jiu Valley miners. About two…
The program for electric and classic cars subsidizing will start in March
The government will continue to fund the Rabla and Rabla Plus programs, which will most likely be resumed in March,…
Russia and Turkey officially inaugurate TurkStream
President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan met in Istanbul to inaugurate TurkStream pipeline in a ceremony…
ExxonMobil confirms may exit Romanian offshore gas project
U.S. energy major ExxonMobil confirmed late on Tuesday it is weighing an exit from a long-stalled Romanian natural gas venture…
Green Deal: Orban asks EC to maintain the competitiveness of Romanian companies
Romania calls on the European authorities to introduce provisions that will allow the competitiveness of European companies to be maintained…
New PNIESC at the end of the month: Changes the target for renewables, speeding up the coal exiting process
The new government plans to change the target for renewables and accelerate the coal exiting process, told energynomics.ro Alin Tanase,…
CE Oltenia plan comprises two new hydropower plants in Oltenia, Turceni and Ișalnița
The decarbonisation program of the Oltenia Energy Complex, subject to the attention of the Government and part of the memorandum…
PwC: All forecasts for Romania indicate a slowdown in economic growth
All the forecasts for Romania, including the most optimistic one, of 4.1%, belonging to the Government, indicate a slowdown of…
Minister of Energy: I recommend Exxon that the license transfer be made by Government decision
The transfer of the license that ExxonMobil holds for the Neptun Deep perimeter of the Black Sea should be made…
Sierra Quadrant: Reorganization, the buzzword in business in 2020
The year 2020 will be, for many of the Romanian companies, one in which the reorganization of the business will…
The Ikea-Vestas deal, among the biggest local M&As of the year 2019
Bogdan Tudorache The transaction by which Ingka Group (which owns IKEA stores) has taken over an 80% package in seven…
The Minister of Economy has sent the Control Body to the Hunedoara Energy Complex
The Minister of Economy, Energy and Business Environment, Virgil Popescu, sent the Control Body to the Hunedoara Energy Complex and…
ExxonMobil negotiates with Lukoil and PGNiG to sell the stake in the Neptun Deep perimeter
ExxonMobil officials are negotiating with the Russians from Lukoil and the Polish company PGNiG to sell the 50% stake in…
Oil prices top $70 a barrel amid fears over Suleimani retaliation
Oil prices climbed above $70 a barrel for the first time in four months on Monday amid fears that the…