ANRE will control the payment of compensation by distributors
ANRE has suspicions about the compensation granted by electricity distributors to consumers last year for non-compliance with the performance standard…
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Oil royalties increased by about 4%, as a result of a new methodology
The oil royalties paid by OMV Petrom increased by about 4% as a result of a new methodology published in…
Ministry of Economy: Ioan Niculae – interested in importing gas from Israel
Economy Minister Niculae Bădălău met on July 9 with representatives of Delek Drilling, a company that provides over 60% of…
PATRES: AFM program for subsidized photovoltaic panels, discriminatory
Bogdan Tudorache The last-minute changes to the Program Financing Guide on the installation of photovoltaic panels for electricity generation affect…
OMV signs agreement with Gazprom for USD 1 bln. Achimov gas field
OMV signed an agreement with Russian gas producer Gazprom setting the price at $1 billion for the potential acquisition of…
OMV closes Q2 with soaring operating results
Austrian integrated oil and gas company OMV recorded a 44% increase in second-quarter operating income, revealed in its financial results…
Gazprom assesses US sanctions bill
The Nord Stream 2 natural gas pipeline project’s operator, Gazprom, said on Thursday it was assessing a US bill passed…
First contract concluded on the Gas Forward CCP platform of the Romanian Commodities Exchange
The Romanian Commodity Exchange announces the conclusion of the first transaction on its new trading platform – “Gas Forward CCP”,…
EC approves state aid for Croatia’s 233.6 mln euro KRK LNG terminal project
The European Commission said on Wednesday it has found that Croatia’s plans to support the development of a 233.6 million…
The Minister of Energy reiterates the idea of building a single reactor at SNN
Bogdan Tudorache The Minister of Energy reiterated the idea of building a single nuclear reactor in Cernavoda, in case the…
Petrom has stored three times as much gas as last year
OMV Petrom had stored at the end of the second quarter of this 3.4 billion TWh of gas, three times…
Verchere: We need legislative stability for the Neptun Deep project
OMV Petrom continues to be extremely committed to the Neptun Deep project, but it needs clarity and legislative stability “as…
TeraPlast Group: 26% increase in margin and 23% increase in turnover during the first half of 2019
Bogdan Tudorache TeraPlast Group, the largest Romanian producer of construction materials, registered a 23% increase in its turnover during the…
OMV Petrom posted a net profit growth of 53% in H1
OMV Petrom posted a net profit increase of 53% after the first half of this year (H1), the net result…
Exxon Mobil’s second-quarter results expected to sag, explaining the giving up on Neptun Deep
Bogdan Tudorache Exxon Mobil Corp’s plan to accelerate asset sales, a way of delivering needed cash to finance shareholder returns…
Royal opening for Beatrice offshore wind farm
HRH Prince Charles of Wales officially opened the 588MW Beatrice offshore wind farm in the Moray Firth, Scotland, on Monday,…
GE posts loss, takes Boeing hit but raises forecast
General Electric Co (GE.N) raised its 2019 forecast on Wednesday, helped by improvement in its industrial businesses, even as its…
A new wave of LNG is set to hit the markets
The increased transition to natural gas in heating and electricity generation around the world will continue to drive liquefied natural…
Turkey has alternatives, Energy minister says, amid sanctions
The Salt Lake natural gas underground storage facility, the largest gas storage project in the world, is the greatest response…
Tesla has a new energy product called Megapack
Tesla has launched a new utility-scale energy storage product called Megapack modeled after the giant battery system it deployed in…
Luminița Odobescu, Romania’s candidate for the Energy Commissioner position
Five countries, including Romania, would be interested in appointing the European Commissioner for Energy, according to a document outlining possible…
Shareholders approved the variable component of the remuneration of CEO of Nuclearelectrica
Bogdan Tudorache The shareholders of Nuclearelectrica (SNN) approved, at the proposal of the Ministry of Energy, that the variable remuneration…
Transgaz has officially approved the strategic plan for 2019 – 2028, which includes investments of 4 billion euro; final approval of ANRE follows
Bogdan Tudorache Transgaz shareholders approved with 97% of the votes the Development Plan of the National System of natural gas…