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Energy & Environment
Bloomberg: Mol Eyes Romanian Acquisitions in Fight for Retail Market Share
Thursday, March 26, 2015
Mol Nyrt. is looking at further acquisition opportunities in Romania as a way of expanding its network and becoming one of the country’s three largest gas station chains. The Hungarian energy group, which posted its biggest quarterly loss in more than five years at the end of 2014, seeks to reach a market share of about 20 percent in Romania by 2017, surpassing Lukoil OAO, said Lars Hoglund, the senior vice president of MOL Group Retail, in an ...
Argentina Shale Gas & Oil Summit 2015, 18th - 19th May 2015, Sheraton Buenos Aires Hotel & Convention Center
Thursday, March 26, 2015
Argentina Shale Gas & Oil Summit 2015 is a two-day conference and exhibition serving as a platform to invigorate Argentine shale gas exploration. The event will explore current and future possibilities for the Argentine shale gas industry, bringing together senior government officials and technical experts with operators and license holders. The conference will combine a series of presentations and ...
Andrei Gerea: Negotiations about Units 3 and 4 at Cernavoda are advancing slowly; investors still fearful
Thursday, March 19, 2015
Negotiations about Units 3 and 4 at Cernavoda (nuclear power plant in southeastern Romania) are advancing pretty slowly, with investors still being fearful, but we are hoping that we will be able to provide the best conditions so that these units may be finished as soon as possible,' Andrei Dominic Gerea, the Minister of Economy, said on Monday at an event organised by the Nuclear Agency and for Radioactive Waste (NAWR), in cooperation with the Deputies' ...
Glencore share price: Miner ordered to pay $40m over Romania oil fraud
Thursday, March 19, 2015
Glencore (LON:GLEN) has been ordered to pay $40.1 million to OMV Petrom SA by the UK High Court of Justice for fraudulently shipping oil of a lower-than-purported quality to Romania in the 1990s. Judge Julian Flaux said in a ruling on Friday that from 1993 to 1996, Marc Rich & Co. -- later to become Glencore International AG -- sold about 32 shipments of cheaper crude blends than agreed, and falsified documents. He ...
Gabriel Resources Ltd.: Annual Results and Fourth Quarter Report
Thursday, March 19, 2015
Gabriel Resources Ltd. ("Gabriel" or the "Company") (TSX:GBU) announces the publication of its Annual Results and Fourth Quarter Management's Discussion and Analysis Report for the period ended December 31, 2014. Summary Capitalized terms used in this summary section are defined in "Further Information" below. In 2014 political ...
Brussels toughens up on policing EU energy efficiency laws
Thursday, March 19, 2015
EU leaders will discuss strengthening the enforcement of existing energy laws at their 19 March summit, after the European Commissionsignalled it would toughen its policing of efficiency rules by launching infringement procedures against recalcitrant EU member states. The European Commission was on track to launch infringement procedures against member states that have not properly implemented EU energy ...
Romanian electricity market in ‘turmoil’ after supplier platform launch
Thursday, March 19, 2015
Romania’s new dedicated trading platform for electricity suppliers is mired in controversy after just one day of operation, with Monday’s prices on the auction-based system well above those on equivalent over-the-counter (OTC) products. This comes despite the platform’s design being intended to deliver ...
Romanian Competition Council report aims to bring Romania’s electric energy market in line with EU requirements
Thursday, March 19, 2015
The Romanian Competition Council (‘RCC’) recently published its report presenting detailed information on the specific characteristics of the electricity market between 2008 and 2013. The report follows the RCC’s electricity market sector inquiry started in 2009. Most of the RCC’s recommendations are geared at public authorities and address measures needed to ensure a ...
Enel named a new head of the companies for the supply of electricity in Romania
Thursday, March 12, 2015
The Italian group of utilities Enel nominated Michele Grassi as general manager of the Enel Energie and Enel Energie Muntenia, present on the Romanian market of electricity supply. Grassi has an ...
The energy strategy of Romania will have to be built on the concept of energy security - minister
Thursday, March 12, 2015
The energy strategy of Romania will have to be built around the concept of energy security, stated on Friday in Petrosani the minister of energy Andrei Gerea at the end of a meeting with the leadership of Complex Energetic Hunedoara (CEH) and the social partners. ‘The energy strategy of Romania has to be built around the concept of energy security. The ...
Romania, at the top of the most polluted European countries, for what it produces (EEM report)
Thursday, March 12, 2015
Romania occupies the second place in the top of European countries which pollute the most by report to what it produces, after Bulgaria and followed by Estonia and Poland says a report made up by the European Environment Agency (EEM)recently ...
Senators rejected the legislative proposal to ban fracking
Thursday, March 12, 2015
Senators have rejected, on Wednesday, the legislative proposal to ban the exploration and exploitation of non-conventional hydrocarbons through the use of drilling followed by hydraulic fracturing of rock layers. The legislative proposal was initiated by several People's Party - Dan Diaconescu ...
Consumption of electricity in the national economy stood in January 2015 at 4.25 billion kWh
Thursday, March 12, 2015
The end consumption of electricity in the national economy stood in January 2015 at 4.25 billion kWh, by 6.8% lower compared to the same period of 2014, whereas population's consumption increased by 5%, according to the data centralized by the National Statistics Institute /INS/ and made public on ...
Romanian Lighting Industry Forum 2015: Modern lighting, beyond energy efficiency, an opportunity to increase operational efficiency
Thursday, March 12, 2015
Seen as a fundamental solution to improve energy efficiency, modern lighting is also an extremely important tool to increae operational efficiency. Thus, given that Romania has committed to align to European standards in terms of energy efficiency, the implementation of modern lighting projects becomes a priority, especially in the segment of public lighting. The development opportunities in this area, both in terms of ...
British interest in investing in Romania in the nuclear field, in oil and natural gas exploitation projects
Thursday, March 12, 2015
The representatives of the two-day British mission in Romania have spoken their interest in investing here in projects in the nuclear field and also in oil and natural gas exploitation projects, all the more as new resources are about to be confirmed in the Black Sea perimeter, the Ministry of Energy informed in a release on ...
Romania supports viable alternative energy route at Black Sea
Thursday, March 12, 2015
Romania supports the promotion of an active political, commercial agenda in the Caspian Sea region for the development of a viable alternative route at the Black Sea, accomplished through projects such as AGRI-LNG, on Thursday said in Brussels the secretary of state with the Energy, SMEs and Business Milieu ministry, Bogdan Badea. The official stated the above-mentioned at the debates of the Council of the European Union ...
PM Ponta: Iasi-Ungheni gas pipeline must be continued to Chisinau
Thursday, March 5, 2015
Prime Minister Victor Ponta has stated his belief, on Wednesday, that the Iasi-Ungheni gas pipeline must be continued to Chisinau. "The most ...
Minister Gerea: Oltenia Energy Complex is able to stand on its own
Thursday, March 5, 2015
The Oltenia Energy Complex (CEO) is able to stand on its own, but Hunedoara Energy Complex may need to be divided, Energy Minister Andrei Gerea told on Tuesday the Senate's Committee for Energy and ...
The Chinese return to Romania for talks on Cernavoda nuclear plant's units
Thursday, March 5, 2015
The Chinese return to Romania to talk about the Cernavoda nuclear power plant units, after they were back to China to celebrate the wooden goat, Energy minister Andrei Gerea declared on Tuesday in the Senate's Transports and Energy Committee. "We have met with their representatives in Romania. So far, all these talks with ...
Bloomberg: Chinese Bids May Revive Three-Decade Romanian Hydropower Project
Thursday, March 5, 2015
Romania may select Chinese investors by year-end to help build a 1 billion-euro ($1.1 billion) hydropower plant that has stalled after more than three decades of development. Five groups of Chinese investors, including China Gezhouba Group, Hanergy Holding Group Ltd. and Guizhou Wujiang Hydropower Development Co. Ltd. filed preliminary bids by ...