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Energy & Environment

EY Romania: The Romanian energy sector enters on the map of big investments funds in infrastructure

Thursday, June 22, 2017

Mergers and acquisitions (M&A) demand from energy and utilities reached the peak since the last seven years, as 59 percent of the executives from energy and utilities at global level expect to make an acquisition in the next 12 months, a growth by 12 percent in demand compared with the former report, according to the bi-annual report EY Power & Utilities Capital Confidence Barometer, business-review.eu informs. „The acquisition of ...

Florina Sora (NAMR): The development of offshore resources is a priority for the NAMR

Thursday, June 22, 2017

The law under which oil concessions were granted is not specific to the offshore field, so improvements need to be made, said Florina Sora, senior advisor at the National Agency for Mineral Resources (ANRM), at the Energy Strategy Summit 2017, quoted by Agerpres. “We have a law that has proven viable and, based on it, oil concessions were granted, but this law does not address ...

E-Distributie Muntenia invests almost EUR 1.1 mln in grid upgrade in Giurgiu

Thursday, June 22, 2017

E-Distributie Muntenia invests almost EUR 1.1 million to upgrade the electricity distribution network in Giurgiu, business-review.eu informs. “Through the modernization of the networks, we succeed to automatize and simplify the company’s operations, while the final consumers will feel the considerable diminish of interventions’ discomfort, as well as a significantly more reduced length of breakdowns,” said Federico Panone, ...

OMV Petrom invested EUR 13 bn in the past decade

Thursday, June 22, 2017

OMV Petrom, the largest oil and gas producer in Southeastern Europe, has invested EUR 13 billion in the last 10 years, romaniajournal.ro reads. “In our field, if you don’t invest, you can’t actually survive. The essence of our investment is that we do it on commercial principles. (…) It is true, if some taxes would have left more money, we could have invested even more because we have the capacity to develop strategies that are ...

Romania imported 2.307 million toe of crude oil în Q1 of 2017

Thursday, June 22, 2017

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In Q1 2017 Romania imported 2.307 million toe of crude oil, by 115.400 toe (4.8 pct) lower than Q1 2016, according to data centralized by the National Institute of Statistics (INS). The crude oil production totaled 1,141 million toe, by 5 pct (60,100 toe) ...

Proper Energy Union governance is essential to delivering the EU’s Paris Agreement promises

Thursday, June 22, 2017

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Transparency and long-term planning are the only ways to reduce the cost of the transition and align climate and energy policies, argues Quentin Genard of E3G. The EU’s Governance Regulation can do that, EurActiv.com reads.( Quentin Genard is a policy advisor at E3G, an independent climate change think tank.) Donald Trump’s decision ...

B. Klauser : One trading place for gas producers in Romania will have a very detrimental effect on market functioning

Thursday, June 22, 2017

Before we talk about regional cooperation in terms of security of supply or even gas hubs, “it’s important to get our own house in order”, said Benedikt Klauser, DG Energy (European Commission) at 2017 Energy Strategy ...

Gazprom taking measures to prevent gas quality problem from affecting European consumers

Thursday, June 22, 2017

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* Poland has suspended reverse supplies of Russian natural gas from Germany over Yamal - Europe gas pipeline earlier, TASS agency  reports Gazprom Export is undertaking measures to prevent the problem with gas quality in the Yamal - Europe gas pipeline from affecting fulfillment of European consumers’ requests, the export arm of the Russian gas holding told reporters on Wednesday."A short-time technical ...

The Oltenia Energy Unit reports growing business by 30% and gross profit of 260 million lei in 5 months

Thursday, June 15, 2017

The turnover of the Oltenia Energy Unit grew by approximately 30% in the first five months of this year, against the similar period of last year, and the gross profit was 260 million lei, against losses of 20 million lei during the same period of last year, according to a press release of the company. In the period  January – May of this year, CE  Oltenia worked with an ...

Romania's OMV Petrom invests 5 mln euro in Petrobrazi fuel testing lab

Thursday, June 15, 2017

Romania's top oil and gas group, OMV Petrom [BSE:SNP], said on Wednesday it has invested 5 million euro ($5.6 million) in the modernisation of the fuel quality test centre at its Petrobrazi refinery, seenews.com informs. Following the upgrade, the centre now has three laboratories for testing of petroleum products and one laboratory for water environment tests, OMV said in a press release. Other quality tests performed by the ...

Energy consumption, down 3pct in Jan.-April 2017

Thursday, June 15, 2017

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Final energy consumption in Romania stood at 18.567 kWh in the first four months of 2017, down 3 percent from the same period of 2016, according to data published on Wednesday by the National Institute of Statistics (INS). Household consumption dropped in the same period by 0.2 percent, and street lighting reduced by 6.9 percent. The technological ...

E.ON to invest RON 450 M in Romania this year

Thursday, June 15, 2017

E.ON has budgeted for this year investments of over RON 450 million, the largest since the entry on the Romanian market, and plans to install about 600,000 smart meters by 2020, Frank Hajdinjak, CEO E.ON Romania announced in a press release informs, romaniajournal.ro reports. Last year, the investments of E.ON companies in Romania amounted to about RON 438 million (EUR 97 million) and were mainly to finance the revamping and upgrading works of natural ...

SAPE sues Electrica for damages of EUR 800 mln over post-privatization obligations

Thursday, June 15, 2017

The Administration Company for State Energy Stakes (SAPE) sues Electrica group, the electricity supplier and distributor, for damages of EUR 800 million due to post-privatization obligations unfulfillment, business-review.eu informs. „On June 8, Electrica received a lawsuit request submitted by SAPE against Electrica, with the former administrators and directors of the company, with the Ministry of Economy and the Energy Ministry,” ...

SOCAR commissions another filling station in Romania

Thursday, June 15, 2017

Azerbaijan’s state oil company SOCAR increased the number of its filling stations in Romania to 37, the company said June 8 quoted by http://news.az/. SOCAR commissioned the 37th filling station under its brand name in Romania’s Brasov, Trend reports. “NANO 95 and NANO 98 gasoline brands, NANO Diesel and NANO Super Diesel fuel are being sold at the filling station,” SOCAR said, adding Azerbaijani products ...

CNP: Romania's natural gas production will increase in the next three years

Thursday, June 15, 2017

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Romania's natural gas production will increase steadily in the next three years, up to 9 million tons of oil equivalent (toe) in 2020, while imports will steadily decrease, to 700,000 toe also in 2020, shows the Prognosis of the energy mix published recently by the National Prognosis Commission (CNP). Thus, gas production will go up from 7.48 million toe in 2016 to 7.8 million toe in 2017 (+4.2 pct) to 8.2 million toe in 2018 (+5.1 pct), 8.6 million toe in ...

Commission passes the Nord Stream 2 buck to member states

Thursday, June 15, 2017

The Commission asked the member states on Friday (9 June) for a mandate to negotiate with Russia an agreement on the Nord Stream 2 gas pipeline project, Activ.com reads. The company in charge of the Gazprom-favoured pipeline reacted with dismay, saying the procedure is unnecessary. The European Commission announced that it is seeking a mandate to negotiate with the Russian Federation on the operation of the Nord Stream 2 gas pipeline ...

European energy security – under debate at the Romanian Energy Center, in Brussels

Thursday, June 15, 2017

Political and business leaders have recently met in Brussels for the sixth annual edition of the Romanian Energy Day, organized by the Romanian Energy Center, in collaboration with the European Parliament and with the support of the Permanent Representation of Romania to the European Union, energynomics.ro informs. Running over two days, talks focused on renewable energy sources and the fight against energy poverty, Brussels ...

Renewable energy grows 10% in 2016, due to smaller costs

Thursday, June 15, 2017

The new renewable energy capacity installed worldwide in 2016 was 161GW, a 10% rise on 2015 and a new record, according to REN21, a network of public and private sector groups covering 155 nations and 96% of the world’s ...

Competition Council investigates ENEL for possible abuse of dominant position

Thursday, June 8, 2017

The Competition Council has announced that it has carried out unannounced inspections at E-Distributie Muntenia (formerly Enel Distributie Muntenia) and at the offices of four companies that design and execute electrical connection systems: Electrical Power Consulting SRL, Simco International Impex SRL, the Institute for Studies and Power Engineering – ISPE SA and Servicii Energetice Muntenia SA, romaniajournal.ro reads. The inspections were conducted within the framework of ...

EC opens probe into suspected restrictions on Romanian gas exports

Thursday, June 8, 2017

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The European Commission said on last Thursday it has opened a formal investigation to assess whether Romania's majority state-owned gas transmission system operator Transgaz [BSE:TGN] has abused its dominant market position to restrict gas exports, seenews.com informs. “The Commission's antitrust investigation will focus on indications that Transgaz has devised a strategy to restrict gas exports from Romania to other Member States,” the Commission said in a ...

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