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Energy & Environment
Energy guru lifts the veil on first Putin-Trump meeting
Thursday, July 20, 2017
Energy guru Igor Yusufov shared his views with EURACTIV.com on the first bilateral meeting between Russian President Vladimir Putin and his US President Donald Trump at the G20 summit, as well as on the global gas and oil business. Igor Yusufov has more than 30 years’ experience in the oil and gas industries. In 2001–2004 Mr Yusufov served as minister of energy for the Russian Federation. In 2011 Mr Yusufov started private ...
FORMULA E TO MAKE HISTORY IN NEW YORK WITH FIRST ZERO-EMISSION ePRIX
Thursday, July 20, 2017
The FIA Formula E Championship - the world’s first fully-electric single-seater racing series - is joining forces with Enel to offset the emissions of the inaugural race in New York, making it the first-ever zero-emission event in the championship’s history, a press release sent to ACTMedia informs. Ahead of the eagerly-anticipated event making its debut at the Brooklyn Cruise Terminal in Red Hook on July 15 & 16 - Alejandro Agag, ...
ELCEN obtained in H1 2017 a gross operational profit of 165 million lei
Thursday, July 20, 2017
Electricity and heat producer Electrocentrale Bucharest (ELCEN) obtained in H1 2017 a gross operational profit of 165 million lei from electricity and heat producing activities, the company said in a release. In the first half of 2016 this indicator was 90 million lei. "We started maintenance (servicing and repair) activities for 2017 and funding was provided for the installations to be ready to work optimally and under top safety conditions ...
Length of natural gas distribution pipelines extended by 428.1 km in 2016
Thursday, July 20, 2017
The length of natural gas distribution pipelines extended by 428.1 km in 2016, compared to the previous year, reaching 39,668.8 km, out of which 22,406.9 km in cities and towns, the National Institute of Statistics (INS) informed on Tuesday. The INS data revealed that the volume of natural gas distributed at the end of 2016 stood at 8.39 billion cubic meters, by 107.7 million cubic meters higher than the previous year. Out of the overall volume of natural gas ...
Romania's Electrica, Fondul Proprietatea sign 752 mln lei (165 mln euro) MoU for minority stakes buyout
Thursday, July 20, 2017
Romanian power distributor and supplier Electrica [BSE:EL] signed a 752 million lei ($188 million/ 165 million euro) memorandum of understanding (MoU) for the buyout of minority stakes in four of its subsidiaries from investment fund Fondul Proprietatea [BSE:FP], seenews.com reports. "The parties plan to execute the transactional documents pertaining to the envisaged transaction after obtaining the necessary corporate and shareholding approvals at ...
Roughly one third of Romanians would invest in energy-saving solutions to increase their home's energy efficiency
Thursday, July 20, 2017
Roughly one third of Romanians (34 percent) would invest in energy-saving solutions to increase their home's energy efficiency if they had a considerable amount of money, while 16 pct would rather replace their furniture with a more stylish one, and 11 percent would buy high-tech electronic equipment, found a Europe-wide survey conducted by E.ON and Kantar ...
Natural gas traded on the Romanian Commodities Exchange in H1 2017 exceeded 44 TWh
Thursday, July 20, 2017
The volume of natural gas traded on the Romanian Commodities Exchange (BRM) in H1 2017 exceeded 44 TWh, representing over 70 percent of the national consumption, BRM Chairman Septimiu Stoica said on Monday. "We have an impressive increase in ...
FONDUL PROPRIETATEA URGES THE MANAGEMENT OF ENGIE ROMANIA TO REVISIT THEIR CORPORATE GOVERNANCE POLICIES
Thursday, July 20, 2017
Franklin Templeton Investment Management Limited UK Bucharest Branch, in its capacity of Investment Manager of Fondul Proprietatea S.A. (“the Fund”), announces that the Fund, acting as shareholder of ENGIE Romania SA, previously named GDF Suez Energy Romania (“Company”), has requested the convening notices of the Ordinary General Shareholders Meetings of ENGI Romania SA, a press release sent to ACTMedia informs. The agenda of ...
OMV Petrom reduces production of oil, gas and electricity in Q2, increases refinery margin
Thursday, July 20, 2017
Oil and gas company OMV Petrom reduced in the second quarter its production of oil, gas and electricity, but increased its refinery margin and refined products sales, business-review.eu. The company obtained a lower price per oil barrel than in the first three months of the year and the total closing of the electric station Brazi, after the partial one, affected the energy production and implicitly, the possibility of ...
Competition Council analyses takeover of Forte Gaz GN supplier by Premier Energy
Thursday, July 20, 2017
The Competition Council announced on Thursday that it analyses the transaction by which Premier Energy, former Petrom Distribution will take over single control over the supplier of Forte Gaz GN. The concentration operation consists of the purchase by Premier Energy of all social parts of Forte Gaz GN from the present associates, Trade Invest Capital and Mihai Ionut Vilt. “According to provisions of competition law no. ...
KMGI plans to invest billions of dollars in Romania, funded by China Energy Company
Thursday, July 20, 2017
KazMunayGas International plans to make billions of dollars worth investments to improve assets in Romania, but also to acquire new assets, said Alexey Golovin, VP for Corporate Development and Strategy at KMGI, at 2017 Energy Strategy ...
Iohannis: I don't believe that anyone should worry about new liquefied gas offering
Thursday, July 13, 2017
President Klaus Iohannis on Thursday said that as far as energy security is concerned, countries must benefit from all energy offerings, US liquefied gas included. "In my opinion, we must be very realistic and think about our economies in the first place. If we wish to have energy security, we must have energy availability, that is we ...
The state received over 18 million euro out of certificates for greenhouse gas emissions in June
Thursday, July 13, 2017
The state got in June over 18.6.million euro as a result of the trading on the joint bidding platform of the EU of the certificates for greenhouse gas emissions for the stationary installations, according to a document published on the site of the ministry of public finances (MFP). According to the quoted source, there were traded 3,76million certificates for stationary installations. Last year, the state got almost 195 million ...
MOL and E.ON will open in Romania 40 charging stations for electrical cars until 2020
Thursday, July 13, 2017
The E.ON company with business in the utilities sector and MOL, producer and distributor of fuel will open in a regional partnership 40 charging stations for electrical cars in Romania until 2020 with funds received through the mechanism for interconnection of Europe, announced on Friday the Hungarian oil company. On 23 June, the European Commission announced that the project NEXT-E was selected to receive funds through the mechanism for Europe ...
Consumption of energy from renewable sources last year went down 6 percent
Thursday, July 13, 2017
Romania's consumption of energy from renewable sources last year went down 6 percent, to 2 million tonnes of oil equivalent (toe), and represented 0.5 percent of the global consumption, according to the data centralised by British ...
The major objective of CONPET is regional interconnection with EU Member States
Thursday, July 13, 2017
Conpet, the National Transport System Operator (NTS) through oil pipelines of oil, condensate and gasoline, represents Romania at the World Petroleum Congress, which takes place between July 9 and July 13, in Turkey, energynomics.ro informs. The official delegation of Romania is led by the Secretary of State at the Ministry of Energy, Iulian-Robert Tudorache and it includes Liviu Ilasi, general manager ...
PRIMARY ENERGY RESOURCES INCREASED BY 1.8% DURING 1.I – 31.V.2017
Thursday, July 13, 2017
- During 1.I – 31.V.2017, primary energy resources increased by 1.8%, while those of electricity decreased by 0.5% as compared to the same period of previous year. The primary energy resources increased by 1.8 percent in the first five months of 2017, and the electricity resources declined by 0.5 percent compared to the same period of 2016, according to data released on Wednesday by the National ...
Armax Gaz Medias enters insolvency with debts worth 24 mln. euro
Thursday, July 13, 2017
On July 3rd, the Sibiu Court admitted Armax Gaz Media?’s application for insolvency, energynomics.ro reports. The company with a history of 100 years is specialized in the production of gear and equipment for the oil and gas industry. Despite the increase of almost 55% in turnover, at 75,47 million lei, Armax Gaz registered losses last year and failed to reduce its debts. Thus, the company reported a loss of almost 13 million lei, while the debts ...
Romania's hydropower consumption rose 7.4 percent în 2016
Thursday, July 13, 2017
Romania's hydropower consumption rose 7.4 percent last year to 4.1 million tonnes of oil equivalent (toe), and accounted for 0.4 percent of world consumption, according to data centralized by the British Petroleum. Over the past ten years, the highest hydropower consumption was recorded in 2010, namely 4.5 million toe, and in 2006 and 2014, when it reached 4.2 toe. Worldwide, the hydropower consumption amounted to 910.3 million toe. The ...
Gabriel Resources accused ANAF assessing an abusive liability for VAT
Thursday, July 13, 2017
The decision served to Rosia Montana Gold Corporation S.A. (RMGC) by the Romanian National Agency for Fiscal Administration (ANAF) assessing a liability for value added tax (VAT) in the principal amount of approximately RON 27 million, related to VAT previously claimed and received by RMGC in respect of its purchase of goods and services from July 2011 to January 2016, is ...