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Energy & Environment

Romania's OMV Petrom to invest 70 mln euro in new offshore drilling campaign

Thursday, September 21, 2017

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Romania's top oil and gas group, OMV Petrom [BSE:SNP], said on Monday it plans to invest 70 million euro ($83.5 million) into a new drilling campaign in the shallow waters of Istria block in the Black Sea, seenews.com informs.  The campaign includes the drilling of two wells by the end of this year and a further two by mid-2018, OMV Petrom said in a press release. The wells are planned to be drilled to depths of up to 2,000 ...

Romania imported from January to July 2017 as many as 4.168 million toe

Thursday, September 21, 2017

Romania imported from January to July 2017 as many as 4.168 million tonnes oil equivalent (toe), by 118,500 toe (2.8 pct) smaller than in the same period of 2016, according to data aggregated by the National Statistics Institute ...

Prospectiuni to sign contracts worth 250 mln lei in 2017

Thursday, September 21, 2017

Insolvent Romanian geophysical services provider Prospectiuni will sign contracts worth 250 million lei ($65 million/54 million euro) in 2017, its court-appointed administrator Euro Insol said on Tuesday quoted by seenews.com. In the first eight months of the year, Prospectiuni concluded contracts with an aggregate value of over 120 million lei for acquisition of geophysical 2D and 3D geophysical data and logging services with natural gas producer ...

Hidroelectrica invests 24 mln lei (5 mln euro) in upgrading Calimanesti plant

Thursday, September 21, 2017

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Romanian hydro power producer Hidroelectrica said on Tuesday it is investing 23.69 million lei ($6 million/ 5 million euro) in the modernization of its plant in Calimanesti, central Romania, seenews.com informs. The work was awarded through a tender opened by S.S.H. Hidroserv Bucharest and will be financed exclusively from Hidroelectrica's development funds. The designated equipment supplier is UCM Resita, Hidroelectrica said in a press ...

Competition Council OKs Forte Gaz GN taking over by Premier Energy

Thursday, September 21, 2017

The Competition Council had authorized the transaction through which Premier Energy takes over Forte Gaz GN, a press release informs quotd by romaniajournal.ro. Premier Energy has operations in gas supply and distribution markets. It was established in 2007 under Petrom Distributie Gaze SRL name, at that time being controlled by OMV Petrom SA. In 2013, Ligatne Limited, Cyprus, took over this company from OMV Petrom SA by signing a share transfer ...

Net coal output totalled 2.667 million tones of oil equivalent January through July this year

Thursday, September 21, 2017

Romania's net coal output totalled 2.667 million tones of oil equivalent January through July, up 14.4 per cent (336,600 toe) y-o-y, according to data centralized by the National Institute of Statistics (INS). Romania imported 249,900 net toe of coal, down 26,900 toe (9.7pct) from the same period of the year before. According to Romania's Energy Strategy project published on the Website of the Energy Ministry, Romania is said to have total ...

The “how-to” guide on renovating shopping centres launched by CommONEnergy during a high-level event in Brussels

Thursday, September 21, 2017

CommONEnergy, a research project funded by the European Union, developed these past 4 years new strategies and solutions to retrofit existing shopping centres to reduce consumptions, increase energy efficiency and comfort. The project, coming soon to an end, presented its landmark publication, Guidelines on how to approach the energy-efficient renovation of shopping centres and awarded innovative shopping centres during a full day event in Brussels. A ...

The ministry of energy resumed the negotiations with the Chinese who want to build the reactors 3 and 4 from Cernavoda

Thursday, September 14, 2017

The ministry of energy resumed the negotiations with the Chinese from CGN interested  to build the reactors 3 and 4 in Cernavoda, the Romanian party having a new mandate for  more flexible negotiaitons, stated on Thursday the minister of energy Toma Petcu at the conference ‘  Plugged energy’ organised by the Bursa newspaper. ‘Recently there was a new meeting with the Chinese. We have a new mandate with multiple ...

Gov't requests Romgaz to pay 2017 dividend early

Thursday, September 14, 2017

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Romanian natural gas producer Romgaz [BSE:SNG] said it has received a request from the government, its majority shareholder, for an early distribution of 750 million lei ($196 million/163 million euro) in dividend for 2017, seenews.com informs. Romgaz board will now convene to decide on a date for the ordinary general meeting of the company shareholders, which will have the approval of the request as the main item on the agenda, Romgaz said in a ...

OMV Petrom fined by Environment Guard

Thursday, September 14, 2017

OMV Petrom Romania company was fined with 60,000 lei by Olt County Commission of the National Environment Guard for the operation of 25 wells without the necessary documents. According to a press release of Tuesday, issued by Olt Environment Guard, the company did not observe article 94, paragraph 1 of government decision 195/2005 on environment protection. Environment commissioners applied a fine of 60,000 lei for the operation ...

Hidroelectrica's gross profit grew by 6% in first 7 months to 971.8 million lei

Thursday, September 14, 2017

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Hidroelectrica, the energy producer, one of the most profitable state companies, recorded a gross profit of 971.88 million  lei in the first 7 months of the year, on the rise by 6% compared to the same period of 2016,according to data published by the company on Facebook. The business figure made in the first 7 months amounted to 1.948 billion lei, while the net profit margin grew from 38% in July 2016 to 43% in July ...

Romania will host Group meeting on interconnection of gas networks in central and south eastern Europe

Thursday, September 14, 2017

Romania will host this year the CESEC summit over September 27-28, 2017, according to a government draft decision initiated by the Energy Ministry. “In order to accelerate the integration of gas markets in Central and South Eastern Europe and diversify natural gas supply sources, Romania next to Austria, Bulgaria, Croatia, Greece, Italy, Slovakia, Slovenia and Hungary initiated in 2015 a work group called CESEC (Central and South Eastern Europe ...

Michele Abbate, the new GM of Enel Energie and Enel Energie Muntenia

Thursday, September 14, 2017

Michele Abbate is the new general manager of Enel Energie and Enel Energie Muntenia, the two energy providers owned by Enel Group in Romania, a press release informs quoted by romaniajournal.ro. Michele Abbate has 25 years experience within the Enel group, with a large expertize on sales and customer care. His career started in 1992 in the business area dedicated tot he customer management. He has held various key positions, such as Head of Center ...

Rovinari Mining Exploitation will be activated as of September 15, 2017 until April 30, 2018

Thursday, September 14, 2017

The Rosia Lignite warehouse within the Rovinari Mining Exploitation will be activated and partially used as of September 15, 2017 until April 30, 2018, according to a Government Decision adopted at the sitting on Wednesday. This thing will allow the ...

Final energy consumption down 1.2 pct in first seven months

Thursday, September 14, 2017

The final electricity consumption dropped by 1.2 pct in the first seven months of this year as compared to the same period in 2016, to almost 31.8 billion kWh, reads a press release of the National Institute of Statistics (INS) sent on Tuesday  "The final electricity consumption during this period was 31.796 billion kWh, 1.2 pct lower than in the ...

Competition Council is scrutinising the acquisition by Transeastern Power B.V. of OMV Petrom Wind Power S.R.L

Thursday, September 14, 2017

The Competition Council is scrutinising the acquisition by Transeastern Power B.V. of OMV Petrom Wind Power S.R.L. Transeastern Power B.V. is a holding Dutch company owning shares in various other entities. It operates ...

Prospex Oil and Gas raises £650,000 to fund Romanian drilling project

Thursday, September 14, 2017

UK-based Prospex Oil and Gas said on Friday it has raised £650,000 (709,175 euro) to fund a drilling project in Suceava county, in northeastern Romania, seenews.com informs. Prospex has raised the sum via an oversubscribed placing of 185.7 million ordinary shares of 0.001 GBP each at a price of 0.35 pence per new ordinary share, the AIM-quoted investment company said in a press release. The net proceeds of the placing will ...

Romanian Pavilion at EXPO Astana hosted a conference on energy and bio-based economy clusters

Thursday, September 14, 2017

 The energy and bio-based economy clusters, the Danube Energy Hub concept and a series of innovative energy solutions were presented at the "Bioeconomy, sustainability and economic cooperation in the Eurasian area and implications for the EU strategy for the Danube region" conference, hosted by the Romanian Pavilion at EXPO Astana, informs ...

ANRE representative criticized the Government for failing to take measures to protect vulnerable consumers

Thursday, September 14, 2017

Minister of Energy Toma Petcu's statements on the functioning of the market represent a manipulation and the politicization of the National Energy Regulatory Authority (ANRE) will surely attract an infringement procedure against Romania from the European Commission, Florin Tobescu, ANRE head of service stated at the "Energy Plugged-in" conference, organized by the Bursa ...

MEPs agree to bolster EU’s draft renewable energy target for 2030

Thursday, September 7, 2017

The European Parliament’s energy committee confirmed on Monday (4 August) that MEPs want renewable energy targets to be more ambitious than the proposal put forward by the Commission, euractiv.com reads. Monday’s meeting of the Committee on Industry, Research and Energy (ITRE) saw MEPs debate 1,300 amendments to the European Commission’s initial proposal for a new directive on promoting renewable energy sources. ITRE is the lead ...

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