Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Energy & Environment

Reuters: Gazprom wants more than 25 percent of OMV North Sea assets

Thursday, September 22, 2016

Gazprom wants more than 25 percent of OMV's Norwegian North Sea holding company but is being prevented from taking a larger stake by Norway, the Russian company's deputy told Reuters on last Thursday. Under an asset swap plan, Austrian energy company OMV is due to get a 24.9 percent stake in a part of one of Gazprom's Siberian fields while the Russian company will in turn get a slice of OMV's North Sea assets in ...

Dan Catalin Stancu, the new elected General Director of Electrica

Thursday, September 22, 2016

The Electrica S.A. Board of Directors has appointed Dan Catalin Stancu in the position of General Manager. He will assume this responsibility as of October 24th, 2016, energynomics.ro informs. Dan Catalin Stancu succeedes as General Manager to Ms. Iuliana Andronache – CFO, who ensured the interim, since March 2016. “The selection of the ...

Romania's proven natural gas reserves will be depleted in the next 9 years, the oil reserves -in 12 years

Thursday, September 15, 2016

160915093218why_oil_production_going_down_prices_could_go_up.png

Romania's proven natural gas reserves will be depleted in the next 9 years, while the oil reserves will last for another 12 years, unless investment is made in prospecting for new resources, Chairman of the Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) Artur Stratan said at a news conference on ...

PRIMARY ENERGY RESOURCES DECREASED BY 1.7% DURING 1.I. - 31.VII.2016

Thursday, September 15, 2016

- During 1.I. – 31.VII.2016, primary energy resources decreased by 1.7%, while those of electricity increased, as compared to the same period of previous year, by 3.6%. Romania's final electric energy consumption hit 32.1 TWh, up by 9.2pct January through July 2016, as compared to the similar period of 2015, says a press release by the National Institute of Statistics (INS) sent on Monday.The highest increase, by 11.8pct was ...

Bulgaria to enhance cooperation on gas projects with Greece, Romania, Hungary

Thursday, September 15, 2016

Bulgaria signed joint statements with the governments and gas transmission operators (TSOs) of Romania, Greece and Hungary on infrastructure projects along the Vertical Gas Corridor, the European Commission said on Friday, seenews.com reports. Furthermore, a memorandum of understanding (MoU) was signed by the TSOs from Ukraine, Romania, Bulgaria and Greece on reverse flows on the Trans-Balkan pipeline, the EU executive body said in a ...

Transgaz signs to access 179 million euros for BRUA works

Thursday, September 15, 2016

160915093308608x342_343551.jpg

Romanian natural gas transmission operator SNTGN Transgaz SA initialed on Friday, the agreement on accessing the grant worth 179 million euros, part of the Connecting Europe Facility, funding the works Romanian territory on the Bulgaria-Romania-Hungary-Austrian Gas Pipeline (BRUA), reads an Energy Ministry release sent on ...

Commission set to propose deeper energy cuts

Thursday, September 15, 2016

160915093730images.jpg

EU regulators look set to propose a binding target to cut energy use by 30% by 2030, a more ambitious goal than previously discussed, EurActiv.com reads. However, the goal has already been criticised for not being ambitious enough. The European Commission is expected to publish a draft law next month that is part of a set of proposals to implement 2030 goals on cutting emissions, increasing renewable energy use and preventing energy ...

Solar, wind and hydro, an over 10% increase in the first seven months

Thursday, September 15, 2016

The consumption increased with over nine percent, and the energy-queens were the solar (almost 15% increase), wind and hydro, which registered record-increases during the period January-July 2016, according to the National Statistics Institute (INS) quoted by energynomics.ro. Thus, production from the hydropower plants was 12.575,1 million KWh increasing with 1.432,7 million kWh (+ 12.9%), in counterweight to that of the nuclear power plants, which was ...

Bulgargaz EAD, Transenergo and WIIE Romania – the first winners of the auctions for Bulgarian transit

Thursday, September 15, 2016

The companies Bulgargaz EAD, Transenergo and WIIE Romania SRL have won the capacity auction for the natural gas transit pipeline held by Transgaz for the allocation of capacities on the transit to Bulgaria and in two localities from Romania, energynomics.ro. reports. The three companies, one from Bulgaria and two from Romania, have won the tenders held on September 5th by Transgaz for the allocation of capacities at the Negru Vod? 1 – Bulgaria ...

Energy Ministry to appoint new supervisory boards for the Oltenia Energy Complex, Oil Terminal and SAPE

Thursday, September 8, 2016

The Energy Ministry will appoint this week new supervisory boards for the Oltenia Energy Complex, Oil Terminal and the Energy Shareholdings Administration Company (SAPE), Energy Minister Victor Grigorescu said Wednesday. "The lists are complete. It is a matter of procedure. We will appoint the supervisory bodies this week for SAPE, Oil Terminal and the Oltenia Complex," Grigorescu said at the end of an energy debate held by the Chamber of Deputies' Committee on Industry and ...

INTERVIEW EnergyMin: Working on reform of gas market, Hidroelectrica listing

Thursday, September 8, 2016

160908094258hqdefault.jpg

Gas producers and distributors are to trade on the stock exchange at least 40 percent of the production, starting next year, or they will be fined with significant amounts, according to their turnover, the Romanian Minister of Energy Victor Grigorescu said in an interview to AGERPRES. The Ministry of Energy is working on an emergency ordinance to amend and modify the Electricity and Gas ...

Hidroelectrica, profit of one billion lei in the first eight months of 2016

Thursday, September 8, 2016

Hidroelectrica estimates a gross profit of one billion lei in the first eight months of this year, taking into account the sales in August 2016 and the fact that in the first 7 months it recorded a gross profit of 913 billion lei. According to a press release of the company, in August the sales estimation stands at over 236 billion lei for a volume of over 1.3 TWh of energy sold. "The gross profit registered after the first 7 months end close of the current ...

Hans Bruyninckx: Green taxation ‘not really happening’ in Europe

Thursday, September 8, 2016

* Despite a “massive” body of research showing green taxation makes sense from an environmental and economic perspective, few countries are actually taking the step forward, says Hans Bruyninckx. Hans Bruyninckx is executive director of the European Environmental Agency, based in Copenhagen. He spoke to EurActiv’s publisher and editor, Frédéric Simon, on the sidelines of ...

Changes to renewables law delayed, will be implemented since 2017

Thursday, September 8, 2016

160908094402Foreground.jpg

The amendments to renewables Law 220/ 2008, which should have been published to undergo public debate this week, are further delayed, as the committee composed of members of the Ministry of Energy and the regulatory body ANRE are still discussing on the study made by a consulting company, told energynomics.ro Corina Popescu, state secretary in the Ministry. Earlier, ministry officials said it was possible that ...

PM Ciolos: Romania could become a natural gas exporter to Moldova

Thursday, September 1, 2016

160901104433NATURAL_GAS_PRODUCTION.jpg

In some years' time, Romania could become a natural gas exporter to Moldova, Romania's Prime Minister Dacian Ciolos told Prime private broadcaster of Moldova in an interview on Thursday. He added that Romania's Transgaz national natural gas transmission operator is well positioned in the country and the European markets, ready to invest in ...

Sefcovic embarks on third trilateral gas talks on Ukraine

Thursday, September 1, 2016

* Vice-President for the Energy Union Maros Sefcovicsaid he will visit Kyiv on 2 September to discuss energy reforms and lay the groundwork for trilateral talks with Ukraine and Russia that he hopes will help ensure uninterrupted gas supplies in the winter, euractiv.com informs. For a third consecutive year, the EU will mediate between Ukraine and Russia in securing Ukraine’s gas purchases from Russia, which are also needed to secure the transit of ...

An undersea cable linking Romania to Turkey will no longer be found in Romania's future energy strategy

Thursday, September 1, 2016

160901104807submarine_cable_installation.jpg

A project for an undersea cable linking Romania to Turkey will no longer be found in Romania's future energy strategy, because Turkey is no longer interested in the endeavour, State Secretary with the Romanian Energy Ministry Corina Popescu said last ...

Report: Local energy producers suffered new declines in revenues and profits in Q2 of 2016

Thursday, September 1, 2016

160901104933SBA_numbers_down.jpg

Local energy producers suffered new declines in revenues and profits, unable to capitalize on opportunities offered by the international market, where raw materials, including oil and gas, experienced a spectacular price comebacks in the second quarter, after reaching their lowest in February, Tradeville trading company ...

Official: country's energy system needs annual investments worth billions of euros

Thursday, September 1, 2016

1609011050271471376373_20160816223933.jpg

Depending on the targets Romania commits to in Brussels, the country's energy system needs annual investments worth billions of euros, Radu Dudau, advisor to the Energy minister and manager of the project for the development of Romania's draft 2016 - 2030 Energy Strategy said on ...

Mineral products drop in exports in the first five months of 2016

Thursday, September 1, 2016

Mineral products experienced the biggest drop in exports in the first five months of 2016 by 24.8 percent, according to trade data released by the Ministry of ...

Premium News

Daily

Thursday, March 23, 2017

Financial & Banking

Monday, March 20, 2017

Economic

Tuesday, March 21, 2017

Companies

Wednesday, March 22, 2017

Energy & Environment

Thursday, March 23, 2017