Loading page...

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


Energy & Environment

Eurowind gets permit for 66MW wind farm in eastern Romania, seeks financing

Thursday, July 1, 2021

Danish group Eurowind has obtained the permits, including from the grid operator, for a 66MW wind farm worth almost EUR 100 mln in Galati, in the eastern part of Romania.   EWE Frumusita, the project company that develops the wind farm, obtained the network connection contract from Distributie Energie Electric? România (DEER), part of the Electrica group - the manager of the network where the investment would be ...

ROMATOM welcomes ratification by Parliament of Romania - US nuclear cooperation agreement

Thursday, July 1, 2021

   The Romanian Atomic Forum ROMATOM, the representative body of the Romanian nuclear industry, welcomes the adoption by Romania's Senate of the bill on the ratification of the Agreement between the Government of Romania and the Government of the United States of America on cooperation in the Romanian civil nuclear energy sector, specifically for carrying out the refurbishment project of Cernavoda NPP Unit 1 and the construction of Units 3 and 4.This step proves ...

Wind industry installed a record 93 GW of new capacity in 2020, up 53%

Thursday, July 1, 2021

The wind industry installed a record 93 GW of new capacity in 2020, a 53% year-on-year increase, demonstrating the sector’s strong resilience despite the impacts of the COVID-19 pandemic. This was the best year for onshore wind in history and the second-best year for offshore wind, according to WindEurope.   Last year 87 GW of onshore (75% from China and the US) and 6 GW of offshore wind power was installed (75% from ...

Transgaz CEO: Construction of Tuzla - Podisor Black Sea gas pipeline to start in fall

Thursday, June 24, 2021


Transgaz will start this fall building the Tuzla - Podisor pipeline which will be completed in about two years and will transport the Black Sea offshore gas production, the company's general manager Ion Sterian told a specialist conference today."As of March 1, the entire BRUA capacity is booked and between 4.2 and 4.7 million cubic meters of gas transit Romania daily via Arad-Szeged, Nadlac-Csanadpalota. I look forward to the Black Sea leaseholders making ...

Energy Minister: Exploitation of Neptun Deep Black Sea gas block to start towards end 2025-2026

Thursday, June 24, 2021

Extraction of the Black Sea natural gas will most probably start towards the end of 2025-2026, Energy Minister Virgil Popescu declared on Tuesday, mentioning that state-owned oil and gas company Romgaz is currently negotiating the acquisition of the 50 percent Neptun Deep stake."Back in 2008 ExxonMobil acquired 50 percent of the Black Sea Neptun Deep block. It still explores it in a joint venture with OMV Petrom. The operator is ExxonMobil. Romgaz is ...

Romgaz enters exclusive negotiations with ExxonMobil for Black Sea project

Thursday, June 24, 2021

Romanian state-controlled gas producer Romgaz (SNG) has entered exclusive negotiations with US oil group ExxonMobil for its stake in the Neptun Deep offshore gas project in the Black Sea. The exclusivity agreement is valid for four months, until October 15, 2021, Romgaz said in ...

OMV Petrom enters market for sale of liquefied natural gas

Thursday, June 24, 2021

OMV Petrom has obtained the license for the sale of liquefied natural gas, thus diversifying its activities on the market for the sale of gas and related products, according to a company's release issued on Monday.LNG (liquefied natural gas) offers a cleaner mobility alternative, with up to 15% lower CO2 emissions, 50% less nitrogen oxide emissions and 50% noise reduction compared to diesel trucks."OMV Petrom's entry into this market is a natural ...

Hidroelectrica begins "ample" modernization of hydropower plant on the Danube

Thursday, June 24, 2021

Romania's biggest power producer, state-controlled group Hidroelectrica, announced "ample and difficult" modernization works under a EUR 57 mln (EUR 11 mln) project at Iron Gates hydropower plant on the ...

Romgaz finally fires contractor for 430MW power plant

Thursday, June 24, 2021

The Romanian gas company Romgaz (SNG) informed investors about the termination of the contract for the 430MW Iernut gas-fired power ...

Electrica to set up renewable energy subsidiary

Thursday, June 24, 2021

Romanian electricity distribution and supply group Electrica (EL), where the Government is the biggest shareholder (48.8%), will set up a subsidiary to handle the group’s investments in the renewable energy generation and storage ...

Gross energy consumption in metallurgical industry down by 3.9 pct in 2020

Thursday, June 24, 2021

 Gross energy consumption in the metallurgical industry was 55,643.5 TJ in 2020, down 3.9% from the previous year, according to data centralized by the National Institute of Statistics (INS).By field of use, the following consumptions were registered: for the furnace loading preparation section - 53.7%, for other uses - 17.1%, for the production of cast iron - 11.9%, for the production of steel - 6.1%, for electricity production - 5.9% and for rolling ...

Ambassador of Turkmenistan proposes organization of event dedicated to presenting potential of his country's energy sector

Thursday, June 24, 2021

 Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Romania Annamammet Annayev proposed to President of the Bucharest Chamber of Commerce and Industry (BCCI) Iuliu Stocklosa, the organization of an event dedicated to the presenting the potential of his country's energy sector and the possibilities of bilateral cooperation in the field, informs CCIB, in a press release.The visit takes place in the context in which the high diplomat accepted the ...

PM Citu: There is a plan to gradually close uncompetitive collieries by 2030

Thursday, June 24, 2021


Prime Minister Florin Citu told a news conference in Alba Iulia on Thursday that there is a plan for the gradual closure of Romania's collieries by 2030 that will be unveiled transparently when the emergency ordinance amending and supplementing Emergency Ordinance (OUG) 69/2019."There is a plan to phase out the collieries by 2030 (...) It is an emergency ordinance that was first read in the government meeting last week; it will be approved next week with a plan ...

Neel (OMV Petrom): Romania can become largest gas producer in Europe

Thursday, June 24, 2021

Romania has the opportunity to become the largest gas producer in Europe, especially through the advantages offered by the resources of the Black Sea, Franck Neel, member on the OMV Petrom Board told on Thursday a specialized debate."OMV Petrom is based in Eastern Europe, where we want to develop the company, in terms of energy transition. In Greece we have a natural gas plant that wants to shift from the coal to the natural gas area. We have seen this in ...

Romania needs production capacities from clean sources to cover energy deficit

Thursday, June 24, 2021

Romania needs production capacities from clean sources to replace especially coal power plants in as short a time horizon as possible, being thus the only way by which the energy deficit can be covered and prices would drop, said, on Thursday, at the 7th edition of the Energy Strategy Summit 2021, Zoltan Nagy-Bege, the deputy chair of the National Authority for Energy Regulation (ANRE)."From an investment point of view, both the electrical energy production, as ...

Energy minister discusses with ExxonMobil officials on collaboration with Romgaz in carbon storage area

Thursday, June 17, 2021


Energy Minister Virgil Popescu met on Wednesday with the representatives of the US company ExxonMobil, and one of the topics of discussion was the collaboration with Romgaz in the field of carbon storage, according to a post on the minister's Facebook page."Today we had a meeting with the new management of ExxonMobil Romania, a meeting in which we discussed possible investments and collaborations in the field of Energy. At the same time, we discussed a possible ...

Competition body screens outsourcing of well services by OMV Petrom

Thursday, June 17, 2021

The Romanian Competition Council analyzes the transaction through which OMV Petrom outsources some well intervention and repair services, operations related to oil and natural gas extraction and production activities, together with servicing assets and employees, to the consortium formed by Christof MB Well (RO), J. Christof E&P Services (RO)and MB Well Services (Germany).   The consortium of the three firms submitted a ...

Building energy renovation in Romania gets 2.2 billion euros under recovery, resilience plan

Thursday, June 17, 2021

The Romanian government has allocated 2.2 billion euros for the building energy renovation under the country's National Recovery and Resilience Plan (PNRR) submitted to the European Commission in early June, according to a press statement from the Energy Policy Group (EPG) released on Monday.The funds, which must be spent by 2026, are a great opportunity to have buildings that are more energy-efficient, healthier and more resilient to climate change. ...

Energy Minister: EIB can finance up to 75 pct of Romanian eligible energy project costs

Thursday, June 17, 2021

Romanian Energy Minister Virgil Popescu and counselor Niculae Havrilet had a working meeting today in Luxembourg with European Investment Bank (EIB) Vice President responsible for Romania, Christian Kettel Thomsen, with talks focusing on the increase in EIB's financial and technical support for investments in the Romanian energy sector and support for major projects in this field, the Energy Ministry informed in a release."Speeding up investments to increase ...

Government to spend another EUR 185 mln for miners’ severance payments

Thursday, June 17, 2021

The Ministry of Economy has put up for public debate the draft normative act by which the people fired following the collective redundancies will receive compensatory payments.   The companies most affected by future layoffs are the Hunedoara and Oltenia coal and power energy complexes.   The schema provides for the allocation of total compensation of about RON 916 mln ...

Premium News


Friday, January 21, 2022

Financial & Banking

Monday, January 17, 2022


Tuesday, January 18, 2022


Wednesday, January 19, 2022

Energy & Environment

Thursday, January 20, 2022