RWEA: Romania may be “greener” at lower costs
According to a study by the Romanian Wind Energy Association (RWEA), the cost of achieving a 35% share of green…
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Petrom inaugurates the 65 mln euro poli-fuels plant at Petrobrazi
Petrom will open by the end of the month the plant which converts petroleum gas into gasoline and diesel, on…
Project: The United States could allocate a billion dollars to Eastern Europe
A Republican Congressman has tabled a bill that, if adopted, will require the US Government to engage, financially and diplomatically,…
The week of heated discussions on GEO 114 starts today
Even if 114 is a number that industry will not forget too soon, there are already talks about a new…
Exxon doesn’t wait: Evaluates offshore Israel energy exploration bid
American oil and gas giant ExxonMobil is considering exploring for energy off the Israeli coast, according to Reuters. Executives from…
Gazprom’s Power of Siberia gas pipeline to China is almost finished
Russia’s state-owned gas giant Gazprom will start filling the Power of Siberia (Sila Sibiri) natural gas pipeline that connects Russia…
Bitcoin’s energy consumption equalled that of Hungary in 2018
Bitcoin miners consumed as much as energy in 2018 as Hungary, according to Alex de Vries. The researcher at the…
Continental Romania invests 240 mln euro in 2018, eyes urban mobility projects
Automotive parts supplier Continental Romania said on Thursday it has invested 240 million euro ($271 million) in 2018 and will…
Energy Strategy: Romania needs 15-30 bln euros in energy investment by 2030
Romania’s energy sector needs as much as 30 billion euros ($34 billion) of investment in power, oil and gas production,…
Szijjártó: Hungarian firms have signed contracts with ExxonMobil and OMV
Hungarian Foreign Minister Péter Szijjártó said on Thursday in Târgu Mureş that Hungary wants to buy natural gas from Romania,…
Petrom offers a dividend yield of over 7%
OMV Petrom distributes a gross dividend of RON 0.0270 per share due to the net earnings it gained last year.…
The Bulgarian government extends the exploration license in the Black Sea of OMV, Total and Repsol
The exploration license for the Han Asparuh 1-18 perimeter of the Black Sea, owned by OMV, the main shareholder of…
Amonil is trying to block the bankruptcy decision
Former fertilizers company Amonil of Slobozia appealed against this decision of the bankruptcy court. Previously insolvent, it went into bankruptcy,…
Oil prices go up to the maximum of the last four months
The Brent oil price climbed to the highest level in the last four months on Thursday, backed by OPEC’s cuts…
New changes in Transelectrica’s leadership. Among the proposed, Adrian Mitroi and Mircea Coşea
The Ministry of Economy extends the interim situation and changes four of the Transelectrica supervisors. In the new supervision board…
The Finance Minister expects a favorable rating from S&P
The Standard & Poor’s rating agency (S&P) will publish a final report in a few days and will be a…
The Minister of Transport announces a new amendment to the procurement law
The Procurement Law will be amended, and one of the amendments will stipulate that a company that has not participated…
Hidroelectrica already sells energy for the year 2021 at prices above 300 lei/MWh (economica.net)
Hidroelectrica is already contracting part of the production of 2021, given that the company has to deliver regulated energy at…
ASF adapts its GDR regulation to allow Electrica, Romgaz, FP and Petrom to remain listed at LSE
The Financial Supervisory Authority (ASF) of Romania has launched a draft regulation to adapt the current regulatory framework to Brexit…
Christina Verchere keeps the helm of Petrom until 2023
The OMV Petrom SA Supervisory Board granted new mandates to the following members of the OMV Petrom Directorate for a…
Franck Neel, OMV Petrom: Liberalization takes time
As Europe’s gas reserves deplete, Romania has the highest growth potential in the regional gas market, but liberalization takes time,…
Greenpeace sums up the obstacles perceived by Romanians who want to become prosumers
The Environment Fund Administration has extended its enrollment session to validate installers as part of the program on installing photovoltaic…
Steven van Groningen: The side effects of GEO 114 worry us most
Companies have postponed their investment plans due to GEO 114/2018, and that should worry the most, says Raiffaisen Bank’s president,…