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Big Oil flush with cash again, but no party yet
The world’s top oil companies are expected to generate more cash in 2018 than at any other time this decade…
Workers at risk from cuts at Croatian refinery to get other jobs at INA
Workers whose jobs are affected by the closure of some activities at a loss-making oil refinery in the central town…
Methodology for gas royalties calculation gets under scrutiny again
A draft order of the National Agency for Mineral Resources (NAMR), published on January 19th, establishes that the royalties for…
ABB and City of Davos, partnership for mobility for e-vehicles
For this year’s annual World Economic Forum (January 23–26, 2018), the city of Davos and ABB have teamed up in…
EximBank: 23 million dollars collateral for a Hidroconstrucția Jordan deal
EximBank issued two bank guarantee letters totaling more than $ 23 million for Hidrocontrucția, one of the largest Romanian private…
Audi testing its own Smart Energy Network home battery system
Tesla may have made waves with its Tesla Energy home batteries, but more luxury car makers are looking to do…
Saudi Energy minister urges oil producers to extend cooperation beyond 2018
Saudi Arabia’s energy minister urged global oil producing nations to extend their cooperation beyond 2018, but said this might mean…
Electrica Group recruits general managers for its electricity distribution companies Transilvania Sud and Muntenia Nord
Creativity, technical competence, commitment and high ethical standards – these are the main requirements for the managers to be recruited…
EY: EVs to reach price and performance parity with internal combustion engine vehicles by 2025
By 2022 in Europe and 2021 in Oceania, the cost of autonomous power generation and storage will be similar to…
Transelectrica, maintenance contract of 1 mln euro with its subsidiary, Teletrans
Transelectrica has concluded a contract worth 4.56 million lei without VAT with one of its subsidiaries – Society for Telecommunication…
Naftogaz says purchase of 5 billion cubic meters of gas from Gazprom is cost-efficient
National joint-stock company Naftogaz Ukrainy believes that purchase of 5 billion cubic meters (bcm) of natural gas from Russia’s Gazprom…
IEA sees oil markets tightening as Venezuelan output collapses
Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017’s biggest unplanned output fall and could…
Norway’s $1 trillion fund curbs holdings in biggest CO2 emitters
Norway’s sovereign wealth fund has trimmed the proportion of its $1 trillion (720.79 billion pounds) fortune that is invested in…
Chemical industry in bid to harness Germany’s green power overload
Evonik (EVKn.DE) has become the latest German chemical maker seeking to convert excess renewable power into chemical building blocks that…
Gigi Dragomir, removed in December by PM Tudose, comes back as the Chairman of NAMR
Gigi Dragomir, dismissed by Prime Minister Mihai Tudose at the end of last year from the position of the Chairman…
After 20 years in Romania, LUKOIL announces investments of more than 30 million dollars in Petrotel
Petrotel LUKOIL announces new investments in their refinery in Ploiesti, over 30 million dollars by 2020, for improving environmental footprint.…