The first consequences of the insolvency exit: CE Hunedoara water was cut
One of the immediate consequences of exiting the insolvency procedures for Hunedoara Energy Complex (CEH) is the immediate exigibility of…
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Electromagnetica turns into black, despite revenue falling by 40%
Electromagnetica posted profit in the first nine months of this year, showing a positive net result of 5.440 million lei,…
General manager Virgil Metea was removed from Romgaz BoDs
On Tuesday’s meeting, the Ordinary General Meeting of Shareholders of ROMGAZ has decided the exercise of cumulative voting to elect/reconfirm…
Electrica: Operating profit up 12% at 9M, in spite of 7% cut in supply price
The amount of electricity supplied by Electrica increased by 6.7% in the first nine months of the year (9M), and…
Oil Terminal, net profit down 5% at 9M
Oil Terminal, the company that operates the oil terminal in Constanta, recorded in the first nine months of this year…
Secosan, Romelectro: Iernut will weigh up to half of revenue
Romelectro will begin next summer the construction of Romgaz natural gas power plant in Iernut, together with Spanish company Duro…
Rompetrol Rafinare, net profit amounting to 20.8 million USD in the first 9 months of 2016
Rompetrol Rafinare, member of KMG International, registered a consolidated net profit amounting to 20.8 million USD in the first 9…
Oil at near three-month lows as gloom grows over OPEC
Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak…
How does the Bradu station look like, upgraded by 29 mil. Euro
The high voltage station in Bradu, near Pitesti, is being upgraded under a project worth 29 million euros led by…
Rumen Radev seems to have won the presidency in Bulgaria; PM to resign & early elections possible in Spring
Bulgaria’s Prime Minister Boiko Borisov has said he will resign as promised after his centre-right party’s candidate lost the race…
IEA sees global market awash with oil in 2017 if no OPEC cut
The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating…
ConocoPhillips trims 2017 capex
ConocoPhillips, the largest U.S. independent oil producer, said it would reduce its capital expenditure budget by 4 percent to $5…
