Loading page...

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

Subscribe|Login

Energy & Environment

Romania’s Nuclearelectrica net profit falls 27% in 2016

Thursday, February 23, 2017

170223103132nuclearelectrica_logo_700x547.jpg

Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant Cernavoda, said on Wednesday its net profit dropped 27% on the year to 108.7 million lei ($25.6 million/24.1 million euro) in 2016, seenews.com reports. The company's 2016 results were influenced by the unfavourable fluctuations in foreign currency exchange rates (EUR, USD, CAD mainly), lower regulated energy transport tariffs and lower energy sales, Nuclearelectrica said in ...

Romania's Romgaz 2016 net profit falls on lower demand, drop in prices

Thursday, February 23, 2017

Romanian natural gas producer Romgaz [BSE:SNG] said on Thursday its net profit dropped 14.2% year-on-year to 1.02 billion lei ($173 million/ 159 million euro) in  2016, seenews.com informs. The company’s performance in 2016 was mainly affected by a 17% drop in natural gas demand on the Romanian market, a fall in natural gas prices and strong competition from imported gas resulting from some unclear regulations, Romgaz said in its 2016 ...

Romania's OMV Petrom swings to profit in 2016, to invest more in 2017

Thursday, February 23, 2017

Romania's top oil and gas group, OMV Petrom [BSE:SNP], said on Thursday it posted a 1.038 billion lei ($241 million/228 million euro) net profit in 2016, recovering from a 690 million lei loss in the previous year, seenews.com reports. The group's consolidated sales for 2016 decreased by 10% to 16.24 billion lei, largely due to lower petroleum products sales, following a further decline in oil prices and slightly lower quantities sold, as well as ...

Romania's Transgaz 2016 net profit rises 22%

Thursday, February 23, 2017

Romanian gas transmission company Transgaz [BSE:TGN] said on Thursday its net profit rose 22% year-on-year in 2016, reaching 595.7 million lei ($140 million/131 million euro), seenews.com informs. Operating revenues rose 12% to 1.86 billion lei, while operating costs increased by an annual 20% to 698.8 million lei, Transgaz said in its 2016 financial report citing preliminary figures. Transgaz was planning 721.9 million lei ...

Mariana Gheorghe (OMV Petrom): Fuel market in Romania is competitive and prices are among the lowest in Europe

Thursday, February 23, 2017

Fuel market in Romania is competitive and prices in our country are among the lowest in Europe, said on Thursday, Mariana Gheorghe, CEO of OMV Petrom, in a press ...

European Institute of Romania Debate: Energy security of the EU. Romania's participation in the Energy Union

Thursday, February 23, 2017

17022310341973457.jpg

The European Institute of Romania (EIR) organized on 15 February 2017 a debate on Energy security of the EU.  Romania's participation in the Energy Union. The debate was occasioned by the presentation of the research results of the study ...

Rompetrol Rafinare, operational profit of USD 182 million in 2016 and historical production records

Thursday, February 23, 2017

170223103532rompetrol.jpg

Rompetrol Rafinare, a company member of KMG International, registered a consolidated operational result EBITDA amounting to USD 182.5 million in 2016, higher by 62% as compared to 2015, on the background of the historical operational performances registered by the two refineries operated by the company, Petromidia N?vodari and Vega Ploie?ti, the company informs in a press release sent to ACTMedia. “The operational results marked by historical ...

KMG NC and CEFC – strategic partnership for developing oil & gas activities in Europe

Thursday, February 23, 2017

KMG International salutes the today’s conclusion in Bucharest of the agreement between the National Company KazMunayGas Kazakhstan and CEFC (China Energy Company Limited) stating the commitment to pursue the transaction of buying 51% of KMGI shares, and signed a restated set of documents, thus confirming the solid partnership between the two companies, a press realease sent to ACTMedia informs. After a period in which both parties clarified ...

Mihnea Constantinescu: it is necessary to finalise the national energy strategy

Thursday, February 16, 2017

170216103031constantinescu.png

The energy diplomacy depends, firstly, on the domestic credibility of the sector, stated on Wednesday ambassador Mihnea Constantinescu, coordinator with special tasks for the energy security at the ministry for foreign affairs, who pleaded for the fast finalisation of the national energy strategy. ‘The energy diplomacy is not the beauty salon of the Romanian energy, it is an instrument through which the strategic objectives which we propose on ...

Romania was this winter a factor of balance in the whole region from the point of view of energy ( state secretary)

Thursday, February 16, 2017

170216103148corina_popescu_fosta_sefa_pe_energie_a_petrom_actual_secretar_de_stat_in_ministerul_energiei_a_castigat_anul_trecut_354_000_de_lei_193776.jpg

This winter, Romania was a factor of balance in the whole region, from the point of view of energy and at a certain moment, 12% of the energy produced in the country assured the balance for all the other states around us, stated on Wednesday Corina Popescu state secretary in the ministry of energy, in a debate on the issue of energy security of the European Union. ‘Romania is at the border of the European Union, from the perspective of energy. ...

Former minister of energy: Romania prefers to buy cheaper energy rather than produce it dearly

Thursday, February 16, 2017

Romania has started to import electricity, the consumption being over production. The former minister for energy Razvan Nicolescu said for Mediafax that it is about small quantity of electricity, imported at a lower price than that on the domestic market. ‘The fact that we import more electricity than we export does not mean that we have a problem with ensuring the energy consumption. We are talking about small quantity under 3% 350MW reported to ...

Transelectrica net profit falls 21% in 2016

Thursday, February 16, 2017

Romanian power grid operator Transelectrica [BSE:TEL] said on Wednesday its net profit fell 21% on the year to 286 million lei ($67.4 million/63.4 million euro) in 2016, seenews.com informs. Transelectrica's financial results in 2016 were influenced by diminished transmission tariff and lower power exports, it said in a filing to the Bucharest Stock Exchange, BVB. Operating revenues fell by 9% to 2.72 billion lei, while ...

Enel ordered to pay EUR 401 mln to Romania in international arbitration case

Thursday, February 16, 2017

Italian utility Enel has been ordered to pay over EUR 400 million for a minority stake in Electrica Muntenia Sud, the supplier and distributor of electricity that is split today in E-Distribute Muntenia and Enel Energie Muntenia, following a decision taken by the Arbitration Court in Paris, business-review.eu informs. The Romanian state had asked for EUR 550 million, but the Arbitration Court in Paris ruled out that Enel will pay EUR 401 million for ...

ANRE's Havrilet: Gas prices might grow up by 10 percent on 1 April

Thursday, February 16, 2017

Natural gas prices might increase by up to 10 percent starting with 1 April, after liberalising the domestic market's gas prices, Chairman of the National Energy Regulation Authority (ANRE) Niculae Havrilet said on Wednesday. "We'll have a price modification in the natural gas sector from 1 April. We'll also have finalised market regularisation for natural ...

Black Sea Oil & Gas will kick off Romania's Black Sea natural gas production in mid-2018

Thursday, February 16, 2017

Black Sea Oil & Gas will kick off Romania's Black Sea natural gas production in mid-2018, when Romania is expected to become a natural gas exporter as well, Chairman of Romania's National Energy Regulatory Authority (ANRE) Niculae Havrilet said ...

Ministry of Energy: Romania can cover its own consumption

Thursday, February 16, 2017

Romania doesn’t have issues in supplying the energy from internal production and the imports from Monday morning were made in the final consumer’s interest, said the Ministry of Energy, according to a statement, business-review.eu reports.   „There are enough production units and fuel stocks to cover the entire consumption demands of the country (for example last night Romania exported around 483 Mwh/H). The energy import ...

Energy bill of Romanian households to post slight growth over renewable reform

Thursday, February 16, 2017

The energy bill of households will go up by RON 0.30/ month in 2017 due to the renewable energy reform, according to the data from the Energy Ministry regarding the outlook for 2017 of green energy, business-review.eu reads. „The impact over the household consumers bills means a growth from RON 42/MWh to RON 47 /MWh at the level of 2017. This measure aims to bring a balance between the effort of the final consumer and the support given to the ...

Gas imports shot up 629 percent in 2016

Thursday, February 16, 2017

Romania's gas imports shot up 629 percent in 2016 compared with 2015, reaching 1.185 million tonnes of oil equivalent (toe), shows data released on Friday by the National Institute of ...

Net coal output of Romania in 2016 has totaled 4.217 million toe

Thursday, February 16, 2017

The net coal output of Romania in 2016 has totaled 4.217 million toe, down by 10.1 pct (475,700 toe) against 2015, according to the data released by the National Institute of Statistics (INS). In 2016, Romania has imported 521,200 toe net coal, by 33,200 toe (6 pct) less as compared to the imports of 2015. According to the Energy Strategy project, ...

Almost 90% of new energy in Europe came from renewable sources in 2016

Thursday, February 9, 2017

By Adam Vaughan | The Guardian Renewable energy made up nearly nine-tenths of new power added to Europe’s electricity grids last year, in a sign of the continent’s rapid shift away from fossil ...

Premium News

Daily

Thursday, April 27, 2017

Financial & Banking

Monday, April 24, 2017

Economic

Tuesday, April 25, 2017

Companies

Wednesday, April 26, 2017

Energy & Environment

Thursday, April 27, 2017