News
Volkswagen CEO says sees case for building own battery factory
Europe’s largest carmaker Volkswagen sees building its own factory to make electronic vehicle batteries as a logical move as it…
Victor Grigorescu: Renewable production will increase, but without support schemes
The energy strategy strenghtens some clear lines of action for the next 15 years, said Minister Victor Grigorescu. “We say…
Cătălin Dumitru promoted as as Vice President for Corporate Development and Strategy of the KMGI Group
KMG International (which owns the former Rompetrol) changed the Group’s management structure, appointing Catalin Dumitru as senior vice president for…
Legal obligations – decisive factor in companies’ strategies for HS&E (Nov 16, EBC)
Concerns about work safety are determined mostly by legal obligations imposed on companies through normative acts and regulations. Although Romania…
Black Sea Oil & Gas SRL advances on its Black Sea Midia Gas Development
Black Sea Oil & Gas SRL (“BSOG”) has announced that it has awarded to Xodus Group, together with its co-venture…
Investments in renewable energy must also continue after 2020 (Daniela Dinescu)
Daniela Dinescu Managing Director, PNE Wind România Representative of the Group of Wind Farms Developers “Energy for the Future” In…
The first consequences of the insolvency exit: CE Hunedoara water was cut
One of the immediate consequences of exiting the insolvency procedures for Hunedoara Energy Complex (CEH) is the immediate exigibility of…
Electromagnetica turns into black, despite revenue falling by 40%
Electromagnetica posted profit in the first nine months of this year, showing a positive net result of 5.440 million lei,…
General manager Virgil Metea was removed from Romgaz BoDs
On Tuesday’s meeting, the Ordinary General Meeting of Shareholders of ROMGAZ has decided the exercise of cumulative voting to elect/reconfirm…
Electrica: Operating profit up 12% at 9M, in spite of 7% cut in supply price
The amount of electricity supplied by Electrica increased by 6.7% in the first nine months of the year (9M), and…
Oil Terminal, net profit down 5% at 9M
Oil Terminal, the company that operates the oil terminal in Constanta, recorded in the first nine months of this year…
Secosan, Romelectro: Iernut will weigh up to half of revenue
Romelectro will begin next summer the construction of Romgaz natural gas power plant in Iernut, together with Spanish company Duro…
Rompetrol Rafinare, net profit amounting to 20.8 million USD in the first 9 months of 2016
Rompetrol Rafinare, member of KMG International, registered a consolidated net profit amounting to 20.8 million USD in the first 9…
Oil at near three-month lows as gloom grows over OPEC
Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak…