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Energy & Environment

Romgaz ponders loan and bonds for Neptun Deep offshore project

Thursday, April 15, 2021

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Romgaz considers a mix of financing to include a syndicated loan and bond issuance, in addition to own resources, to finance the takeover of the 50% stake in Neptun Deep offshore project from ExxonMobil and subsequent investments, said the company's economic director, Razvan Popescu.   He added that "the appetite for financing Neptun Deep [project] was unexpectedly high, even for us, both from the ...

Romgaz committed to complete 430MW power plant this year

Thursday, April 15, 2021

Romgaz is ready to complete on its own the 430MW gas-fired power plant that it develops at Iernut, unless the contractor comes up with a viable solution, Aristotel Jude, the general manager of the Romanian natural gas company, stated at a press ...

KMG International wants higher dividends from RO oil services subsidiary

Thursday, April 15, 2021

KMG International, a subsidiary of Kazakhstan’s state oil company KazMunayGas, has asked its Romanian oil services subsidiary Rompetrol Well Services (PTR) to also distribute some of its reserves as dividends.   KMG International, which holds 73% of Rompetrol Well Services, wants the company to distribute RON 29.2 mln (EUR 5.95 mln) from its reserves to shareholders. This would result in a dividend ...

OMV Petrom’s output, down 7,5% yoy in Q1

Thursday, April 15, 2021

The largest company on the Bucharest Stock Exchange (BVB) by capitalization, OMV Petrom (SNP, EUR 5 billion), published its key operational indicators for the first quarter of the year (Q1), indicating a 7.5% year-on-year decline of its total hydrocarbon production to 138,900 barrels of oil equivalent (boe) per day.   The total volume of hydrocarbon sales was 131,000 boe per day, down 7.35% yoy, of which ...

Total investments of over 1.6 billion lei in gas networks, for 2021

Thursday, April 15, 2021

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Romanian gas distribution and transmission companies will invest a total of 1.6 billion lei under 2021 projects, according to a press release of the National Energy Regulatory Authority (ANRE), sent on Monday.In order to fulfill their obligations in accordance with the legal provisions, the transmission and system operator and the natural gas distribution operators submitted, and ANRE approved, the annual investment plans for 2021 in total amount of 1.3 ...

ANRM: Romania's interest is in Black Sea natural gas investment to start in 2022, or deposits will devalue

Thursday, April 15, 2021

Romania's interest is for investment in the Neptune Deep field in the Black Sea to start in 2022, otherwise the natural gas there will lose its value, said on Thursday Director of the National Mineral Resources Agency (ANRM) Sorin Gal.He participated in an online debate on decisions for the new economy: better public policies for the oil and gas sector, organised by Sustainable Romania and EM360 Group.Gal was asked what will happen if Black Sea ...

ENEL INTRODUCES THE HOMIX SMART HOME SOLUTION TO THE ROMANIAN MARKET

Thursday, April 15, 2021

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Enel introduces Homix, a smart home solution that helps families save energy and simplifies their life while respecting the environment, to the Romanian market.   Homix is a single smart home solution that allows for easy management, even remotely, of heating, security, lighting and all other devices of the smart home ecosystem. Homix starts with the features of a smart thermostat, Homix Home, which is ...

Siemens Romania is driving changes in our energy systems with innovative technologies at the #GridEdge

Thursday, April 15, 2021

The crisis caused by the coronavirus has increased the response capacity of companies, which are now much better prepared to cope with shocks, said Cristian Secosan, CEO Siemens Romania and Moldova, at the 8th annual edition ...

Start in the evaluation of the projects registered in the ElectricUp financing program

Thursday, April 15, 2021

The Ministry of Energy announced on April 9 that the evaluation phase of the applications in the ElectricUp Financing Program has started. Applicants are urged to monitor the messages received through the dedicated platform and to respond in time to any requests for clarification or completion.   Launched in December 2020, the financing program for small and medium enterprises and HORECA is meant to support the installation ...

Europe builds 87 bln. euro worth of fossil gas assets

Thursday, April 15, 2021

Europe is already building or planning to build €87 billion worth of fossil gas infrastructure in a continued expansion of pipelines and LNG terminals, despite the need to halve emissions by 2030, according to a new report published on Thursday (8 April).   Fossil gas consumption needs to decline 36% from 2020 to 2030, according to the European Commission, but the planned public and private investment would see ...

Energy ministers urge for regulatory framework on hydrogen

Thursday, April 15, 2021

European energy ministers have highlighted the need to create a stable regulatory framework for hydrogen in the European Union, capable of attracting private investors into a competitive and predictable market.   Speaking at the conference “Hydrogen in Our Societies – Building Bridges” on Wednesday (7 April), a number of national politicians expressed the same ...

Govt. to spend another EUR 20 mln for closing down mines

Thursday, April 8, 2021

Romania's Government will disburse another RON 97 million (EUR 20 mln) of state aid to the coal and power complex CE Hunedoara, currently under insolvency. The company will use the money to finance the closure of two coal mines: Lonea and ...

Photon Energy envisages EUR 100 mln portfolio in Romania

Thursday, April 8, 2021

Photon Energy, a Dutch group focused on the development and operation of solar projects, envisages developing a local portfolio of solar parks that could be valued at about EUR 100 ...

ENEL X ROMANIA INSTALLS OVER 2,800 PHOTOVOLTAIC PANELS FOR PENNY RETAILER

Thursday, April 8, 2021

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Enel X Romania, part of Enel X, the advanced energy services division of the Enel Group, implements two projects for the development of photovoltaic systems for retailer PENNY Romania in Turda and StefAnesti, with an installed capacity of 1,250 kWp, a statement sent to ACTMedia informs.    The project in Turda involves the turnkey delivery of a ...

Chimcomplex Borzesti shares are advancing rapidly amid remarkable results

Thursday, April 8, 2021

  The shares of Chimcomplex Borzesti, a company that owns the Oltchim (Vâlcea) and Borzesti platforms, registered an advance of 23.3% on Friday afternoon, amid transactions of 59,730 lei, the issuer reaching over 820 million lei capitalization, according to the calculations made by ZF. On Monday, the company gained another 18%, based on data analyzed by energynomics.ro, while the advance from the beginning of the year was about ...

Hidroelectrica wants to be part of the offshore wind project on the Black Sea

Thursday, April 8, 2021

2020 was a challenging year for Hidroelectrica, one of the companies responsible for ensuring energy security in Romania, said Bogdan Badea, CEO Hidroelectrica, at the 8th annual edition of Spring ...

ANRE: Standards of performance for energy delivery and distribution

Thursday, April 8, 2021

In April, we will approve the standards of performance for power and natural gas supply, Zoltan Nagy-Bege, Vice-President of the Romanian Energy Regulatory Authority – ANRE, announced ...

E.ON to deliver 145 small-sized turnkey PV projects for EUR 13 mln in Romania

Thursday, April 8, 2021

Electricity and gas supplier E.ON Energie Romania has recently concluded contracts with 145 local customers for delivering turnkey photovoltaic power plants. The customers will operate the facilities as prosumers - meaning that they will deliver part of the electricity to the public power grid.   On-grid solar power plants, with a power between 33 and 100 KW, will provide E.ON's clients with renewable energy for their own ...

Romgaz officially fires contractor for 460MW power plant

Thursday, April 8, 2021

Romanian state-controlled natural gas producer Romgaz (SNG) has officially terminated the contract for the development of the Iernut gas-fired power plant, signed in ...

Romgaz is sole bidder for ExxonMobil’s stake in Black Sea project

Thursday, April 8, 2021

Romgaz (SNG), backed by the Government, is the only bidder for the 50% stake held by the US group ExxonMobil in local offshore gas perimeter Neptun Deep, Ziarul ...

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