News
ABB announces changes in business model
ABB has announced major changes to its business model. First, Hitachi will acquire ABB’s Power Grids business, an expansion of…
Proposed fiscal measures are a ticking bomb for the Romanian economy
Fondul Proprietatea is highly concerned by the draft Government Emergency Ordinance (GEO) regarding fiscal and budgetary measures, published on 18…
Oil steady after sell-off but oversupply still drags
Oil stabilized on Wednesday after one of its biggest falls for years, but remained under pressure from oversupply and concern…
ROPEPCA: Capping of the price for natural gas from domestic production is a counter-competitive measure
The Romanian Petroleum Exploration and Production Companies Association – ROPEPCA is deeply concerned about the intention to cap the domestically…
TeraPlast and E.ON Energie Romania sign a 1.9 million euro agreement for energy efficiency solutions
E.ON Energie Romania will build a photovoltaic power plant in TeraPlast Industrial Park, part of a strategic partnership estimated at…
Gazprom Neft Sees 2019 Investment at $5.6 Bln
Russian oil producer Gazprom Neft said on Monday that it expected its 2019 investment excluding joint ventures to total 374…
Coal demand will remain steady through 2023, International Energy Agency says
Coal consumption is expanding after two years of decline, but miners should brace for another period of sluggish growth, according…
Industry rejects the rumored turnover tax on energy companies; ACUE warns about devastating consequences
The Federation of Associations of Energy Utility Companies (ACUE) expresses its deep concerns following the latest political statements stigmatizing energy…
EC fines BEH Group € 77 million for blocking access to key natural gas infrastructure in Bulgaria
The European Commission has fined Bulgarian Energy Holding (BEH), its gas supply subsidiary Bulgargaz and its gas infrastructure subsidiary Bulgartransgaz…