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Energy & Environment
Claren Energy starts drilling Bobocu side-track well in Romania
Thursday, December 15, 2016
Canadian oil and gas group Claren Energy Corp, former Terra Nova Energy, said on Monday it has commenced drilling operations at Bobocu gas field in Buzau county, in eastern Romania, seenews.com informs. Bobocu gas field is located in the foreland basin of the Carpathians and has an area of 25 km. It was discovered by Romania's natural gas producer and main supplier of gas Romgaz in the 1980s. Historical production at ...
PRIMARY ENERGY RESOURCES DECREASED BY 1.9% DURING 1.I. - 31.X.2016
Thursday, December 15, 2016
- During 1.I. – 31.X.2016, primary energy resources decreased by 1.9%, while those of electricity decreased, as compared to the same period of previous year, by 0.5%. The final electricity consumption grew in January-October 2016 by 3.6pct, and the population's consumption advanced 0.4pct, the data released on Monday ...
Gas Flow via Bulgaria-Romania Link Hindered Until 2019
Thursday, December 15, 2016
The flow of gas through the interconnector between Romania and Bulgaria will not be fully enabled for the next two years, outgoing Energy Minister Temenuzhka Petkova said on Friday quoted by novinite.com. The lack of a compressor station on the Romanian side of the Danube (which serves as a natural border between the countries) impede the daily flow from Romania into Bulgaria, Petkova told ...
Romania's OMV Petrom, Hunt Oil start experimental gas production from Padina field
Thursday, December 15, 2016
Romania's top oil and gas group OMV Petrom [BSE:SNP] and U.S.-based Hunt Oil have started experimental gas production from the Padina North field, located in Buzau county, in southern Romania, OMV said on Thursday, quoted by seenews.com. 'With an average gross gas and condensate production stabilized at approx. 1,900 barrel of oil equivalent (boe) per day, in line with initial estimations, Padina North 1 well currently ranks among top wells in OMV ...
Romania imported 3.732 million toe of oil în the first nine months of 2016
Thursday, December 15, 2016
In the first nine months of 2016, Romania imported 3.732 million toe of oil, up 380,000 toe, or 7.2 percent, from the same period of the year before, according to data with the National Statistics Institute ...
Elsaco Electronic and Itron will collaborate for water smart metering
Thursday, December 15, 2016
Itron and Electronic Elsaco signed, in November, a contract under which Elsaco Electronic will provide, based on Itron specifications, the software platforms for advanced solutions for detection of losses in water networks. The initiative is a key part in the Itron’s development strategy at international level. Itron and Elsaco are in close collaboration since 1995. For more than 10 years, the Romanian company is a key partner of reference of ...
EU countries near compromise on countering Russian gas supply risks
Thursday, December 15, 2016
EU nations are edging toward a compromise on a proposal to guard against gas supply disruptions, agreeing to share details on contracts and cooperate across borders, the Slovak presidency said monday, 5 December quoted by EurActiv.com with ...
European founds to close two uncompetitive coal mines by 2018
Thursday, December 8, 2016
The European Commission on Thursday found Romania's plans to provide 447.8 million lei of support to alleviate the social and environmental impact of closing two uncompetitive coal mines by 2018 to be in line with EU state aid rules. It also concluded the support would not unduly distort competition, according to a press statement released on Thursday by the Commission. Following the decision taken by Romania to close two uncompetitive coal mining units, in ...
Coal production, January-September, 2016 totalled 3.022 million toe
Thursday, December 8, 2016
Romania's net coal production, January-September, 2016 totalled 3.022 million toe, down 11 percent (374,600 toe) from the same period of 2015, according to data with the National Statistics Institute (INS). In the same period, Romania imported ...
Romanian and Belgian gas grid operators show interest in DESFA
Thursday, December 8, 2016
A few hours after the breakdown in talks between Athens and Azeri state company Socar concerning the acquisition of a 66 percent stake in DESFA by the latter, it became known that Greece’s gas grid operator has attracted the interest of its Romanian peer Transgaz, while the interest of Belgian operator Fluxys remains unchanged, ekathimerini.com reads. This creates expectations for a successful new tender. At the same time ...
After the BRICs, it's time to focus on the VARPs
Thursday, December 8, 2016
* Emerging market equities were mostly wrong-footed by the US presidential election result, Tim Love, investment director for emerging market equities at GAM, said in a commentary for cnbc.com . If President-elect Donald ...
Report: EU on track to meet 2020 target for renewable energy
Thursday, December 8, 2016
By EurActiv.com with AFP EU countries are on track to meet their 2020 targets for renewable energy and emissions cuts but could fall short of ambitious longer-term goals, the European Environment Agency (EEA) said on ...
RWEA: Wind industry salutes the new law, which remains, yet perfectible
Thursday, December 8, 2016
Romanian Association for Wind Energy (RWEA) announced in a statement that it welcomes the decision of the authorities to take steps to amend renewables legislation and thw support schemes for manufacturers, severely affected by legislative changes in the last three years. “RWEA supports rational decisions aimed at finding a reasonable compromise between ensuring the financial performance of producers in the renewables industry and minimizing the ...
EU unveils Winter Package of power market reforms
Thursday, December 1, 2016
EU regulators unveiled reforms on Wednesday (30 November) to promote a greater share of renewables in Europe’s grid by 2030, with plans to cut energy use by 30%, phase out subsidies for coal-fired plants and enforce greater cross-border trade, euractiv.com informs. The European Commission’s draft, seen by Reuters, seeks to meet goals on cutting emissions and adapt Europe’s grid to a roll out of digital technologies and growth of wind ...
Iran, Romania sign $700 million energy deal
Thursday, December 1, 2016
* Iran and Romania have signed an initial agreement to build a 1,000-megawatt power station near the Iraqi border, IRNA says. The agreement was signed during a recent trip by Iranian Foreign Minister Mohammad Javad Zarif to several east European states, the news agency reported. “The MoU for the construction of a 1,000-megawatt power station in Mehran was signed by Iranian and Romanian ...
New player Rottco starts pump installations
Thursday, December 1, 2016
New Romanian fuel retailer Rottco Synergy will install the first 30 pumps this week, petrolplaza.com reports. After announcing plans to create a network of independent gas stations in Romania last May, Bucharest-based Rottco is rolling out its first 30 fuel pumps, with a further 30 planned for December and January. Rottco Synergy is a new gas station operator created in Romania through the affiliation of several individual fuel retailers, reports ...
Allianz to acquire 30 pct of the E.ON Distribution Romania’s shares
Thursday, December 1, 2016
Allianz group announced today the agreement closing between Allianz Capital Partners and E.ON Group to acquire 30 percent of the shares of EON Distribution Romania, the energy network and distribution of natural gases operator, which covers the counties from the Northern Romania, business-review.eu reads. The transaction is expected to be closed until the end of this year. As a result of the transaction, E.ON will own 56.5 ...
China investment in Romania oil production: Greater energy security for the EU
Thursday, December 1, 2016
One of the largest announced Chinese investment projects in the EU, between the private CEFC China energy group, and Romania’s Rompetrol Group, now controlled by KazMunaiGas International (KMGI), totalling around 700 million US dollars, looks like it could be back on track for 2016 conclusion after productive meetings this month between the Chinese and Romanian prime ministers, followed up by a visit to Bucharest by a Chinese energy team, writes ...
State aid: Commission clears RON 447.8 million Romanian support for closing coal mines
Thursday, December 1, 2016
According to a press release issued în Brussels, 24 November 2016, the European Commission has found Romania's plans to provide RON 447.8 million of support to alleviate the social and environmental impact of closing two uncompetitive coal mines by 2018 to be in line with EU state aid rules. The Commission concluded the support would not unduly distort competition. Following the decision taken by Romania to close two uncompetitive coal mining ...
Lulache: Nuclear energy will play a constant and substantial role in the future
Thursday, December 1, 2016
Nuclear energy will play a constant and substantial role in the future, and Nuclearelectrica annual investments stand at 50 - 100 million euro, Nuclearelectrica CEO Daniela Lulache told the conference "Investments for Romania's energy safety" this ...