ABB to exit solar inverter business
ABB and the Italian company FIMER announced that they have signed an agreement for FIMER to acquire ABB’s solar inverter…
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Sarasin cuts Shell stake, criticising its climate strategy
London-based asset manager Sarasin & Partners has sold nearly 20% of its holdings in Royal Dutch Shell, saying the oil…
RAR: The number of hybrid and electric vehicles in Romania increases
Bogdan Tudorache The number of new electric vehicles that have been submitted to the Romanian Car Registry (RAR) to obtain…
Adina Vălean will lead the Committee on Industry, Research and Energy of the European Parliament
MEP Adina Vălean will be the president of the European Parliament’s Industry, Research and Energy Commission. Adina Vălean is the…
Oil royalties may increase, Competition urges oil companies to come up with property papers and pay rent to the state
Bogdan Tudorache The Competition Authority considers that the increase in the oil royalties level will intensify the competitive pressure in…
Reverse taxation to be introduced for gas supply, at the initiative of OPCOM
The Government intends to extend the reverse charge in the field of natural gas supplies, according to the model applied…
Competition Council: Fuel price rises should be displayed simultaneously
Bogdan Tudorache The Competition Council supports the implementation of a rule whereby all operators display simultaneous increases in fuel prices…
New shutdown at the Kozloduy NPP, after the one from last week
Bogdan Tudorache NPP Kozloduy’s sixth block was shut down from the country’s energy system after the electrical protection was triggered,…
Exxon to begin drilling development wells for Liza Phase 2
ExxonMobil Guyana will begin drilling development wells for the 220,000 barrels per day Liza Phase 2 Development project early 2020…
Second Turkish drillship arrives off Cyprus coast, Nicosia protests
A second Turkish ship planning to drill for oil and gas off Cyprus arrived off the Mediterranean island’s northeastern coast…
Slovenia’s renewable energy output grows 5% each year
According to a recent report by Slovenia’s national regulator, the Energy Agency, the country’s share of electricity coming from renewable…
New electric cars in Europe have to make artificial noises
As of July 1st, new four-wheeled EV models in the European Union require a noise-emitting device (Acoustic Vehicle Alert System,…
KMG injects 25 million USD into the Kazakh-Romanian fund
KMG will increase the share capital of the Kazakh-Romanian Energy Investment Fund set up in November last year as part…
Germany’s coal phase-out bill to be ready by end 2019
The federal economic ministry has followed the German coal commission’s recommendation by preparing a draft bill to phase-out coal power…
Official EU petition calls for minimum carbon price
The European Commission registered an official petition on Wednesday (July 3) that calls on the EU executive to set up…
Concrete measures missing in German national climate plan – report
Germany, Finland, France and Portugal’s National Energy and Climate Plans (NECPs) drafts include ambitious goals but “lack details and concrete…
Global listings are down, while Europe’s IPOs are doubling in Q2
The trend of unicorn IPOs coming to market and pushing their proceeds to historic levels continued in Q2 2019 despite…
CES today endorsed the ordinance to write off the debt of state companies, especially for CE Hunedoara
Bogdan Tudorache The Economic and Social Council (CES) endorsed on Friday the ordinance that passes some assets of state energy…
Five actions for a stronger Europe
Joe Kaeser, president and CEO of Siemens AG Europe has so much to offer: diverse cultures, excellent educational systems, a highly…
EC: Romania had the highest increase in wholesale electricity prices in the EU, by 54%, in Q1
Bogdan Tudorache Romania recorded the largest increase in electricity prices in the first quarter of this year (T1), 54%, on…
Cristina Pruna: Romania paid the highest price in the European Union for natural gas imports; production in T1 – lower by 3%
Bogdan Tudorache In the first three months of this year, Romania paid the highest price in the European Union for…
Carasol: Romanian 400 kV ring is ready in a 64% ratio
Transelectrica has 28 major investment projects undergoing, focusing on 4 main areas, and Romania’s 400 kV ring is done in…
Electricity and heat supply in the coming winter will cost 4.37 billion lei
The provision of electricity and heating will require a total financing of 4.37 billion lei for the period November 1…