Oil and gas industry needs investments worth anually a billion euro
Maintaining the current level of oil and gas production in Romania requires annual investments of one billion euros, given the…
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Greece exports first natural gas to Bulgaria
Greek independent gas company M&M Gas exported first natural gas to Bulgaria on 1 July, a source familiar with the…
CEZ Vanzare signs new delivery deal with Renault Groupe
CEZ Vânzare became, from July 1st, the electricity supplier of Renault Group Romania – the leading carmaker in Romania, shows…
Renewables: a new appeal for the subsidy increase
Three leading green energy industry associations appeal again the authorities to up the green certificates rate for next year and…
Oil Terminal shareholders to choose a new President of the board on August 11
The harbour operator Oil Terminal Constanta (OIL) organized its shareholders for August 11th to elect a new administrator of the…
Gold climbed to highest value of the past two years – a Brexit effect
The price of gold rose to the highest price of the last two years in Asian markets, as investors headed…
Iancu: Coal will never compete with other energy sources
Coal is uncompetitive and this aspect was known when the previous energy sector legislation was drafted , in the early…
Repower gets out of Romania after giving up investments worth 200 mln. CHF
After last year Repower announced that it had give up to invest 200 million Swiss francs in Romania due to…
EC investigation on Transgaz is caused by the lack of investments needed for exports to Hungary
The European Commission initiated the investigation against Transgaz because, for many years, it has delayed all the investment that would…
Lins, REN21: Europe must stop prioritising coal and nuclear plants
The EU is no longer leading the global energy transition. To reclaim this position, it must stop prioritising fossil fuels…
Moise, Patres: Who wants the bankruptcy of the renewables industry?
The decision of the Regulatory Authority (ANRE) to reduce the share of subsidies to 8.3% of the energy produced for…
South Korea to invest 36 billion USD in renewable energy by 2020
South Korea’s government unveiled a plan Tuesday to invest about 42 trillion won ($36.6 billion) in developing renewable energy industries,…
Energy Breakfast Club dedicated to support companies for the Romanian energy industry
Wednesday, July 6, energynomics.ro organized its first Energy Breakfast Club dedicated to support companies for the Romanian energy industry. Bogdan…
EximBank finances Romelectro with 14 mln. euro for a project in Egypt
EximBank has granted to Romelectro SA, one of the biggest general contractors in energy projects, a multi level financing facility…
Russians, Americans and Kazahs inject 37 billion USD at Tengiz oilfield
Kazakhstan and a group of oil companies led by Chevron have approved a $36.8 billion plan to boost production at…
GSP wins new contract in Tunis
Grup Servicii Petroliere (GSP), the offshore drilling company controlled by the Constanta businessman Gabriel Comanescu, won a contract for the…
Competitive Romania: a development plan with 16.9 billion euros worth measures, in five years
The Romanian Government launched public debate the strategic document: “Competitive Romania: a project for sustainable economic growth”. The assumed objective…
US oil reserves surpass those of Saudi Arabia and Russia
The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by…