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…
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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…
Georgios Stassis leaves Enel Romania for Greece’s PPC
Enel Romania’s CEO Georgios Stassis will leave the company to take over one of the Greek utilities, the state-controlled Public…
Minister of Energy, about the possibility of expensive gas for industrial customers: ”Engie makes this propaganda every year”
The Minister of Energy, Anton Anton, listed as propaganda the recent announcement of the company Engie regarding the increase of…
Schneider Electric: Corporations’ long-term success hinges on their business model supporting humanity’s prosperity
In the context of Earth Overshoot Day this July 29, Schneider Electric announced its commitment to promote one-planet compatibility as…
Voith, Romelectro, Gulsan and GE vie for Vidraru 82 mln. euro contract
Bogdan Tudorache The consortia formed by Voith Hydro, Romelectro, Gulsan-Zhefu and GE-Elecnor are the main rivals for obtaining the 82…
The competition authorized the acquisition of R&R Oil and RIG by the Rohrer group
The Competition Council authorized the operation by which the Rohrer Group takes over the R&R Oil Service – R.O.S. SRL…
Gas price and CO2 certificates drove heating companies to the limit of survival
The gas price has driven heating companies to the limit of survival, Doru Vișan, state secretary at the Ministry of…
Yemen urges oil companies to restart production – document
Yemen’s internationally recognised government has called on oil companies to restart production and exploration in the country, the Ministry of…
TurkStream second line will pass through Bulgaria and not Greece
The second line of the export gas pipeline TurkStream will pass through the territory of Bulgaria, not Greece, Russia’s Energy…
Anton: We have managed to provoke an investment dynamics that the energy system has not known in the last 10 years; Exxon had no discussions with the ministry
Energy investments have accelerated and new premises for new investments have been created, Energy Minister Anton Anton said, at a…
Transgaz and Itochu, a new memorandum on cooperation in large gas projects
Transgaz and Itochu Corporation signed a Memorandum of Understanding (MoU) on Friday, 26 July, which establishes a joint collaboration for…
CFA Romania: Depreciation of the national currency could reach 4.82 lei/ euro in the next year
CFA Romania analysts anticipate a depreciation of the national currency over the next 12 months to an average exchange rate…