Fiscal Council: Romania could exceed its deficit target
The target of budget deficit assumed by Romania for the end of 2019 could be exceeded and may oscillate in…
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Sierra Quadrant: ANRE forces ELCEN to sell energy at a price lower than the cost
Bogdan Tudorache The National Energy Regulatory Authority forces ELCEN to sell thermal and electrical energy at a price lower than…
E.ON on course for innogy transaction while 2019 renewables earnings rise
German utility E.ON has reaffirmed largely stable operating earnings of around 3 billion euros for 2019, thanks in part to…
Continental bets on e-mobility but rejects battery cell production
Continental, one of Europe’s largest automotive suppliers, is increasing e-mobility investments but has decided against entering battery cell production. “The…
IPCC land use report shows climate change threat to global livelihood
A new report by the Intergovernmental Panel on Climate Change (IPCC) on land use shows that climate change threatens the…
Rompetrol Rafinare optimizes fuel production through modernization and digitization
Rompetrol Rafinare, a member company of KMG International, announced the completion of a 3 million dollars investment, part of the…
German government parties debate new public debt to fight climate change
An increasing number of MPs from Germany’s governing parties are in favour of abandoning the target of a balanced budget…
EastMed pipeline: Energy officials from Greece, Cyprus, Israel and US meet in Athens
Officials from Greece, Cyprus, Israel and the United States are meeting in Athens Wednesday to discuss energy issues. Greek Environment…
Energy prices to fall for millions as Ofgem lowers cap
The price of energy is set to fall for millions of British households this October after the regulator, Ofgem, lowered…
CDR complains about the lack of consultations and transparency of the fiscal measures taken to complete the new budget
Bogdan Tudorache The business associations assembled within the Coalition for the Development of Romania (CDR) complain about the lack of…
Budget ammendment additionally subsidizes inefficient heating systems
According to the newly rectified budget, the local budgets increase by a total of 4.4 billion lei, the vast majority…
Renewables push oil off the market at current prices – BNP
Oil will have to be priced at USD 9-10 per barrel in the long term for gasoline to remain competitive…
Bilateral energy and trade partnerships – on the agenda of the Trump – Iohannis meeting in US
US President Donald Trump will welcome President Klaus Iohannis at the White House on August 20, according to a statement…
Hidroelectrica may take over assets of Enel and CEZ
Hidroelectrica is considering the possible acquisition of some Romanian assets of CEZ and Enel groups, most probably from the renewable…
Johann Pleininger replaces Christopher Veit in SB of OMV Petrom
Bogdan Tudorache OMV Petrom announces the appointment of Johann Pleininger as interim member of the Supervisory Board of OMV Petrom,…
Vestas up 43% of wind turbines ordered capacity, while orders in Europe decrease
Bogdan Tudorache Wind turbine orders decreased in Europe by 14%, reveals the stats presented by Wind Europe in the first…
Moldova intensifies negotiations with Ukraine for winter gas supplies
Moldova announced that it is stepping up negotiations with Ukraine on the prospect of receiving gas from the Ukrainian transport…
Companies from Russia and China among interested parties in the Belene NPP construction project
There is a strong interest in the Belene NPP construction project and the candidates are expected to submit bids by…
ANRE hires experts for its specialized Services
The National Energy Regulatory Authority – ANRE needs more experts for all specialized services. According to an announcement published on…
Maioreanu, replaced by Alexandru Vlasiu in the board of E.ON Energie
The Secretary of State of the Ministry of Energy, Andrei Petrișor Maioreanu was dismissed from the position of member of…
The government wants to collect an additional 264 million lei from the surcharge of Romgaz and OMV Petrom
The government estimates that it will collect more than 264 million lei in addition to the initial budgetary provisions from…
US cities lag in the race towards green energy
Earlier this year, Washington, D.C., approved what was then the most ambitious climate bill in the nation, requiring utility providers…
Exxon, Shell feel the pain of natural gas glut in Q2 results
The world’s oil majors are feeling the heat from steadily shifting their investments toward natural gas, as weak gas pricing…