Romgaz: 2018 net profit declined by 22%, production and investment grew
Romgaz recorded a net profit of 1.4 billion lei in 2018, 22% less than in 2017, with a turnover of…
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Black Sea Oil ready to sue Romania over offshore gas field development
Despite announcing last week that it would invest USD 400 million to start natural gas extraction at its offshore field…
Bogdan Badea: Hidroelectrica has nothing to win from GEO 114/2018
Bogdan Badea, Chairman of the Hidroelectrica Directorate, announced the withdrawal of the 5-years investment plan worth more than 5 billion…
Clean Energy Accelerates As Global Investment Hits USD 428 Billion
While the 2018 figure is down 8% on 2017, the collapse in capital costs for wind and solar power suggest…
Macedonia to construct a solar power plant on the site of an exhausted coal mine with EBRD money
Macedonian plans to move decisively forward with decarbonization are making a big leap forward, as the EBRD is lending €5.9…
Energy projects in rural areas must consider willingness to pay
Despite at least a decade of global attention, private sector initiatives to provide electricity in rural communities have had little…
Francois-Regis Mouton (IOGP): If everything is set right, investors will come
With over 80 members around the world, the International Association of Oil and Gas Producers – IOGP – represents most…
Up to Jan 28, Transgaz is waiting bidders for the 400 mil lei Onesti-Lețcani gas pipeline
The bid for realization of the gas pipeline between Onești-Gherăeşti-Leţcani was launched on the Electronic Procurement System. Transgaz’ committed amount…
VW embarks on $50 billion electrification plan
Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass…
Google invests US 700 million in Danish datacentre, secures green energy
Google will invest almost US$700mil (RM2.93bil) in a Danish data centre powered by the abundant green energy that underpins power-intensive…
AmCham: Romania’s energy security, affected by lack of investments in power generation
The American Chamber of Commerce in Romania (AmCham Romania) closely monitors the investment flows in the Romanian economy, and in…
Hidroelectrica announces record profit, 5.6 billion lei worth investments, renewables included
Bogdan Badea, Chairman of the Hidroelectrica Directorate, expects the profit in 2018 to exceed 2 billion lei, despite the drought…
Delgaz Grid to install 10,000 smart meters in Iasi, in a 45 million lei worth project
A new Delgaz Grid project has been co-financed by European funds for an investment of over 45 million lei. The…
Offshore Law was adopted by the Senate; interesting mechanism for investment deductions
The Senate Plenary adopted on Monday the new draft of the Offshore Law with the changes introduced last week by…
Russia’s Gazprom to raise 2018 investment by 16%
Russian gas producer Gazprom will raise its investment program for 2018 to 1.49 trillion rubles (USD 22 billion) from an…