Industry Committee approves final changes to renewables law
UPDATE June 8: Draft Law approving Government Emergency Ordinance no.24 / 2017 amending and completing the Law no.220 / 2008…
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C. Crețu (ELCEN): The reorganization plan shows that a large portion of the debts will be paid to the creditor
The authorities in charge, ELCEN, having as main shareholder the Ministry of Energy, and RADET Bucharest, owned by the City…
The Cernavoda reactor 1 was restarted after a month of maintenance
SN Nuclearelectrica SA (“SNN”) announces that the works related to the planned outage of Cernavodă NPP Unit 1 were completed…
House tax bill trims wind tax credit, extends nuclear provision
Tax credits cherished by the wind and solar industry remain under a rewrite of the tax code revealed by House…
Record amount of renewable energy installed in 2017
A record amount of renewable power capacity was installed worldwide last year as the cost of wind and solar became…
OMV pulls out of electricity generation in Turkey
Austrian gas and oil group OMV has agreed to sell its gas power plant Samsun in Turkey to Turkish investment…
Naftogaz asks Swiss courts to force Gazprom to pay $2.6 bln. settlement
Ukraine’s state energy group Naftogaz said it has asked Swiss courts to enforce a ruling that states it should receive…
Gazprom’s net profit rose 11% in the first quarter
Russia’s Gazprom’s net profit rose 11% in the first quarter of this year, to 371.6 billion rubles (six billion dollars),…
The global number of electric and hybrid vehicles on road increased by 57% in 2017
The number of electric vehicles reached a record level of 3.1 million units worldwide in 2017, but research, policies and…
OMV Petrom: Franck Neel joins directorate, Neil Anthony Morgan leaves Downstream Oil
OMV Petrom announces a new director for Downstream Gas, in the person of Franck Neel, replacing Lacramioara Diaconu – Pintea.…
Azerbaijan inaugurates Southern Gas Corridor key terminal
Azerbaijan inaugurated a terminal that is planned to be the starting point of the first pipeline to transport gas from…
Trilogue time for EU clean energy laws
EU negotiators will hope that this week is the breakthrough everyone has been waiting for in two crucial energy files…
Gazprom files to cancel $4.7 billion arbitration ruling, claiming outside interference
The Stockholm arbitration ruling ordering Gazprom to pay $4.7 billion to Naftogaz Ukrainy was interfered with by an outsider, the…
Siemens-Gamesa turns attention to energy storage
The head of Siemens-Gamesa, Marcus Tacke says the company is to put more emphasis on developing battery storage technology, in…
Transelectrica appoints new temporary members in the Supervisory Board
The shareholders of the National Power Grid Company Transelectrica appointed Tuesday seven provisional members in the Supervisory Board, starting May…
Lukoil’s profit is up 75% on the back of rising oil prices
Lukoil, Russia’s second-largest oil producer, says net profit grew 75% in the first quarter, amid world oil prices increase, according…
Hajdinjak: Black Sea gas will ensure Romania’s energy security
The gas to be extracted from the Black Sea will be more expensive, but will strengthen the country’s energy security…
Conpet’s General Manager mandate, extended by four months
The board of the Conpet Petroleum National Petroleum Transporter decided to extend the term of office of the General Director,…