Loading page...

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

Subscribe|Login

Energy & Environment

Sterian (Transgaz): The BRUA  pipeline has no connection with the gas in the Black Sea

Thursday, November 29, 2018

181129103731download__1_.jpeg

The BRUA  gas pipeline will be finalised on 31 December 2019and it will have no connection with the gas in the Black Sea but it will transport resources coming from the Caspian area through the trans-Adriatic pipeline and through the vertical corridor, stated on Wednesday the general manager ofTransgaz Ion Sterian,present at Aspen Energy Summit which took place in Ploiesti.‘On 31 December 2018 we will have the first finalised station, that in Jupa, one ...

Bucharest will host next year the Conference for the Strategic Plan regarding technologies in energy

Thursday, November 29, 2018

181129104331CkLZv_Gj_400x400.jpg

Bucharest  will be between 12-14 June 2019 the host of the Conference for the Strategic plan regarding technologies in the domain of energy (SET)where almost 650 local and regional leaders, one of the objectives of the event being to improve the visibility of the Energy Union,announced on Friday the European Commission. Other objectives are the exchange of ideas and good innovative practices  for the development of sustainable solutions for ...

Wind energy secures a quarter of national electric production; Romania exports approx. 600 mw

Thursday, November 29, 2018

181129104415wind.jpg

Wind turbines accounted for 23.5 percent of total national production on Wednesday morning at 11.30 am, being ranked first among the top electricity sources, while country exports approached 600 MW, according to data on the state of national energy system state, posted in real time on the Transelectrica website.At that time, wind power generation in the wind turbines was 2,242 MW.The coal takes the second place in the ranking of production resources ...

Rompetrol, a new filling station in Filiation

Thursday, November 29, 2018

181129104736Filiasi.jpeg

Rompetrol Downstream – the retail division of the KMG International Group in Romania, has opened a new filling station under the Rompetrol Partener franchise in the town of Filia?i, Dolj county. The station was built and is operated by the company Azalis, which also holds 6 Rompetrol Partener units in the region. “Together with our partners, we continue to grow and offer our customers quality products and services. This is the 114th filling ...

Eurostat: Romania – highest increase of electricity prices

Thursday, November 29, 2018

In the first half of 2018, average household electricity prices in the European Union (EU) were stable compared with the first half of 2017, standing at €20 per 100 kWh. Average gas prices in the EU were also stable and stood at €6 per 100 kWh in the first half of 2018, Eurostat informs on Tuesday. Taxes and levies accounted for more than a third (37%) of the electricity bills charged to households in the EU in the first half of 2018. For gas ...

Black Sea Oil & Gas signs EPCIC contract for Midia project with GSP Offshore

Thursday, November 29, 2018

Black Sea Oil & Gas (BSOG), operator of the Black Sea Midia block, announced the signing of the framework contractor agreement with GSP Offshore, a company owned by businessman Gabriel Comanescu, BSOG said in a release last Friday.The scope of the contract covers engineering, procurement, construction, installation and commissioning services (EPCIC), as well as the drilling of the development wells for the implementation of the Midia Gas Development Project ...

Transelectrica estimates investment of 4.1bn lei in grid development by 2027

Thursday, November 29, 2018

Romania's National Power Grid Company Translectrica will propose to the shareholders, at the meeting on 20 December, the approval of the Plan for the development of the power transmission network for the period 2018 - 2027, the Shareholders' General Assembly informs on the company's website.The projects proposed during this period will require a total financing of approximately 4.1 billion lei, the company's documents show.This funding will be provided ...

New gas resources unearthed in Valcea County by OMV Petrom

Thursday, November 29, 2018

OMV Petrom unearthed new gas resources in the vicinity of the southern Valcea County's existing infrastructure, the crude oil rig, drilled nearby the Mamu well being due to start operations at the end of October with an initial amount of over 190,000 cubic meters/day (rd 1,100 barrels of oil equivalent/day), according to a release sent on last Thursday.The investment in drilling and for the connection of the Mamu 4317 well to the current infrastructure cost rd 10 ...

EU talks on car CO2 curbs risk stalling

Thursday, November 29, 2018

181129104957images.jpeg

  European Union negotiators are locked in talks about new rules meant to cut carbon emissions from light vehicles but the complexity of the proposed regulation threatens to bog down the negotiations. After the European Council brokered a late-night deal on CO2 rules for light vehicles in early October, national representatives met behind closed doors with Commission officials and MEPs in order to hash out a final ...

Deloitte: the Romanian energy system is not ready for transition

Thursday, November 22, 2018

181122104625energy_systems.jpg

Razvan Nicolescu, senior expert at Deloitte harshly criticized on Tuesday the situation of the Romanian energy system, which, he said in a conference, is affected by a lot of nonsense and is not ready to go in the future. "I tell you very candidly: Romania is absolutely unprepared for what follows,it is absolutely unprepared to manage the energy transition. In the last six months I talked to several ministers, prime ministers, heads of companies and know what ...

Black Sea Oil & Gas, ENGIE sign gas sales agreement for Midia offshore project

Thursday, November 22, 2018

181122104717platforma_gsp_1050x788.jpg

Black Sea Oil & Gas SRL and its co-venture partners, Petro Ventures Resources SRL and Gas Plus International B.V. announced in a press statement the signing of the gas sales agreement with ENGIE through its subsidiary Engie Energy Management Romania S.R.L. for the supply of natural gas from the Midia Gas Development Project ('MGD Project').Under this agreement, which is subject to Final Investment Decision, ENGIE will purchase gas from the Ana and Doina gas ...

Over 6 M crude oil imported in first 9 months of 2018

Thursday, November 22, 2018

Romania imported in the first nine months of 2018 rd 6.138 million crude oil (toe), 554,000 toe (9.9pct) higher than the one imported in the similar period of 2017, the data released by the National Statistics Institute (INS) say.The crude oil production totalled in the above-mentioned period 2.526 million toe, down 1.9pct (48,400 toe) than the one in 2017.The official data estimate that the crude oil production will continue to slowly curtail by 2030 ...

Hidroelectrica Bogdan Badea: "Sly guys" from energy haven't vanised, they're still lurking at turning point

Thursday, November 22, 2018

The "sly guys" in energy who in the past were having huge profits with the cheap electricity from Hidroelectrica have not vanished, they are lurking at turning point and try to regain the lost privileges, the managing director of Hidroelectrica Bogdan Badea told Agerpres in an interview.Badea said that Hidroelectrica, the biggest energy producer of Romania is having tough battles on all fronts with the interest groups that are trying to blood-suck again the ...

Coal production declines 11.1pct in first nine months of 2018, imports advance 9.8pct

Thursday, November 22, 2018

 Romania's net coal production in the first nine months of the year totalled 3.097 million tonnes of oil equivalent (toe), down 11.1 percent (386,100 toe) from the same period last year, according to data with the National Institute of Statistics (INS).In the reference period, Romania imported 428,700 toe of net coal, by 38,400 toe (9.8 percent) more than the imported coal in January - September 2017.Under the country's draft energy strategy ...

Wind energy: Production costs will increase. 10% of the energy produced in Romania comes from the wind energy

Thursday, November 22, 2018

181122104808download.jpeg

Alongside other renewables, wind energy has experienced a strong growth since the mid-2000s across the world, spurred on by strong support from governments, its favorable cost-competitiveness ratios (compared to nuclear plants or coal facilities) and a less damaging environmental impact, argues a Coface study. In contrast to the solar panel industry, with wind energy China hasn’t been able to outperform Europe because Chinese turbine makers are ...

AmCham Romania : Private investment in electricity dramatically curtailed, next to zero

Thursday, November 22, 2018

Private investment in electricity generation is lacking, and this could endanger Romania's energy security, the representatives of AmCham Romania say in a press release."AmCham Romania is carefully following the evolution of the investment flows in the Romanian economy, a situation in which it draws attention upon the lack of private investment in one of the economy's main strategic pillars - the electricity generation. Basically, in the past years the private ...

EU’s Sefcovic: Real risk that ‘raw materials become the new oil’

Thursday, November 22, 2018

Europeans have to be “very vigilant” that today’s dependency on imported oil and gas is not replaced by dependency on lithium, cobalt, copper and other raw materials that industries need for the green transition, Maros Sefcovic told EURACTIV. “I really think that, when it comes to the issue of dependency, we could end up in a situation where raw materials become the new oil,” the European Commission vice-president warned ...

USD 4.1 billion gross turnover, up 44 percent, for Rompetrol Rafinare in the first 9 months

Thursday, November 22, 2018

Rompetrol Rafinare, a member company of KMG International, registered in the first nine months of the year an increase of over 44 percent in its gross turnover, to USD 4.1 billion, http://business-review.eu reports. This evolution was mainly influenced by the ascending trend of the international quotations for oil products. At the same time, the operational result – EBITDA ...

President Klaus Iohannis promulgated the Offshore law which regulates the exploitation of gas in the BlackSea

Thursday, November 15, 2018

181115120606oil_platform_465x390.jpg

President Klaus Iohannis promulgated on Monday the Offshore law which regulates the exploitation of gas in the Black Sea. According to the presidential administration, the president signed ‘the decree for the promulgation of the law regarding some measures necessary for the implementation of the oil operations by the owners of oil agreements which refer to offshore oil areas (PL-x33/19.02.2018)’. The law was passed ...

EC : Romania needs to recover around 60 million euros of incompatible aid from energy producer CE Hunedoara

Thursday, November 15, 2018

The European Commission has found that energy producer Complexul Energetic Hunedoara (CE Hunedoara) received around 60 million euros of incompatible state aid from Romania through four publicly financed loans, according to the European Commission Representation in Bucharest."Romania now needs to recover the illegal aid plus interest," reads a press statement released by the representation office on Thursday.Commissioner Margrethe Vestager, in charge of ...

Premium News

Daily

Monday, June 17, 2019

Financial & Banking

Monday, June 17, 2019

Economic

Tuesday, June 11, 2019

Companies

Wednesday, June 12, 2019

Energy & Environment

Thursday, June 13, 2019