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Energy & Environment
STREICHER replaces gas processing plants in Romania
Thursday, January 15, 2015
In July 2014, MAX STREICHER ROMANIA SRL, in co-operation with Bilfinger EMS GmbH, started the engineering of two turnkey gas processing plants (EPCC) for OMV Petrom. The project partners are commissioned with the realisation of standardised gas processing plants in the Romanian gas fields Burcioaia and Madulari. STREICHER is responsible for the overall project management, the realisation of all construction measures as ...
Romania’s shale opportunities and public perception
Thursday, January 15, 2015
Quite recently, in the middle of the presidential campaign, Romanian Prime Minister Ponta said that there was no shale gas in the country, despite the research not yet having been analysed or finished. Mr Ponta himself had said earlier that preliminary exploration of the reserves should take around five years. Chevron still hasn’t made any announcements regarding their exploration data so it would seem that the Prime Minister’s statement was not based on any ...
GE is considering expanding its oil industry equipment factory in Romania
Thursday, January 8, 2015
American giant General Electric (GE) is considering expanding its oil industry equipment factory in Ploiesti to include off-shore drilling equipment, a company official said in a press release on Tuesday, picked up by Mediafax. “We are currently looking into the possibility of expanding the Lufkin factory with offshore equipment, given, for example, the Black Sea’s resources”, says Cristian Colteanu, president and general ...
The price of natural gas will remain at 53.3 lei/MWh from January to June 2015
Thursday, January 8, 2015
The purchase price of natural gas from domestic production for household consumers and heating producers (only for the quantities of natural gas used to produce heating in co-generation plants and in heating plants, for population's consumption) will remain at 53.3 lei/MWh from January to June 2015, according to a draft Government Decision published ...
Hidroelectrica might go public in the first half of 2015
Thursday, January 8, 2015
Romania’s largest electricity generation company Hidroelectrica might go public in the first half of 2015, after having had to postpone its initial public offering scheduled for June 2014 due to the relapse into insolvency. Another offer that was supposed to be listed this year, that of CE Oltenia, is expected to take place in the second semester of next year, writes zf.ro. The initial public offering of electricity supplier and ...
16.715 million Mwh, the total demand of natural gas in January 2015
Thursday, January 8, 2015
The total demand of natural gas in January 2015 estimated by the national natural gas transporter Transgaz is rd 16.715 million MWh, according to proposal in the substantiation report drafted by the national operator of transport and transmission of gas system sent to the National Regulation Authority in Energy (ANRE). The ...
Solar PV Power in Romania Market Outlook to 2025 Update 2014
Thursday, January 8, 2015
Solar PV Power in Romania Market Outlook to 2025 Update 2014 - Capacity Generation Levelized Cost of Energy Equipment Market Regulations and Company Profiles" is the latest report from GlobalData the industry analysis specialists that offer comprehensive information and understanding of the solar PV market in Romania. The report provides an in-depth analysis on global renewable power market and global solar PV market with ...
The Year 2014 in Review: Energy
Thursday, January 8, 2015
The IPO of electricity supplier Electrica marked one of the most important moments of the year on the Bucharest Stock Exchange, while the renewables sector started to see the effects of last year’s green certificates deferral. Electrica makes biggest IPO in history of BVB The initial public offering of electricity supplier and ...
SOCAR opens 31st Petrol station in Romania
Thursday, January 8, 2015
State Oil Company of Azerbaijan (SOCAR) continues to expand its network of filling stations in Romania."SOCAR" brand new petrol station was opened in the northern region of Romania, Bistrita town located in the border area with Ukraine, on December 15. It is the 31st gas filling station opened by SOCAR in Romania.Employees of SOCAR in Romania, representatives of local government bodies, as well as representatives of mass media attended the opening ...
Goldwind completes 50MW supply deal in Romania
Thursday, January 8, 2015
Goldwind has connected 50MW of wind turbines to the grid in Romania. The Chinese wind group supplied Mireasa Energies with 20 of its 2.5MW turbines for the project in the Black Sea port city of Constanta. Local developer Monsson Alma will operate the project, which was completed several months behind schedule.Goldwind began installing the turbines about a year ago. The Mireasa project is its first ...
A new deposit of crude oil and natural gas discovered in the south of Buzau County
Thursday, December 18, 2014
OMV Petrom and Hunt Oil Company of Romania (Hunt Oil) have discovered in the south of Buzau County a new deposit of crude oil and natural gas, which may be the biggest discovery of its kind in the past 30 years in southern ...
PM Victor Ponta spoke in Belgrad on the organization in Bucharest of a center for dialogue and cooperation on energy
Thursday, December 18, 2014
Prime Minister Victor Ponta on Tuesday in a speech delivered at the China-Central and Eastern Europe Summit in Belgrade, Serbia, suggested the organization in Bucharest of a center for dialogue and cooperation on ...
Halliburton’s Positive Perspective on European Shale Gas
Thursday, December 18, 2014
Whilst many observers of the European shale gas industry saw the lights fading when a number of key players pulled out of Poland earlier this year the industry is far from lost. Poland still remains the leader in European shale gas exploration, there are increased investment incentives on the part of the Lithuanian government and positive movements across Germany. Major shale corporations remain positive about the status ...
Bloomberg: South Stream Flop Means EBRD to Help Wean Balkans off Russia Gas
Thursday, December 18, 2014
The European Bank of Reconstruction and Development is trying to help central and easternEurope diversify away from Russian gas after President Vladimir Putinabandoned a $45 billion South Stream pipeline to the Balkans. The EBRD will focus on reviving the construction of a gas pipeline between Serbia ...
Hidroelectrica - record profit of 1.073 bn lei
Thursday, December 18, 2014
Hidroelectrica recorded, after the first 11 months of 2014, a record profit of 1.073 billion lei, up by 28% from the same period of last year, when the company posted a profit of 841 million lei, a company's release informs on Monday.The company estimates for entire 2014 a profit of 1.2 billion lei, over three times higher than the result recorded by the company in 2010, when it ...
Romania has reduced its per capita greenhouse gas emissions by 55 percent in the past 20 years
Thursday, December 18, 2014
Romania has reduced its per capita greenhouse gas emissions by 55 percent in the past 20 years, and some 4.5 billion euros will flow into the national economy by 2030 through the wind energy sector, Minister of the Environment and Climate Change Attila Korodi told the meeting of the high-level segment of the 20th session of the Conference of the Parties (COP20) to the United Nations Framework Convention on Climate Change (UNFCCC) in Lima. "As regards ...
SME will become captive consumers following the liberalisation of the natural gas prices from Jan. 1, 2015
Thursday, December 18, 2014
The small and medium-sized enterprises (SME) will become captive consumers following the liberalisation of the natural gas prices from Jan. 1, 2015, since the laws in force do not provide for alternative solutions for the need of heating agent, the chairman of the National Council of the Romanian Private SMEs, Ovidiu Nicolescu told a news conference on Friday. 'Non-home consumers, where the SMEs also fall into benefited from the advantage of the regulated ...
Reuters: Romania extends taxes on gas producers, energy firms through 2015
Thursday, December 18, 2014
Romania's leftist government decided late on Wednesday to extend a series of taxes on energy firms by one year through 2015 to make up for a potential revenue gap as it delayed renegotiating its royalty taxes on natural resources. Last year the government said it would tax gas producers Petrom and ...
Primary energy resources in the first ten months of the year advanced 2.4 percent
Thursday, December 18, 2014
Romania's primary energy resources in the first ten months of the year advanced 2.4 percent compared to the same period of 2013, reaching a total of 26.580 million tonnes of oil equivalent (toe), shows provisional data released on Thursday by the National Statistics Institute (INS). In the same period, electricity resources advanced 8.9 percent to ...
Bulgaria, Greece, Romania to Develop Regional Gas Infrastructure
Thursday, December 11, 2014
Bulgaria, Greece, and Romania have signed a contract on cooperation in the development of regional gas infrastructure.The contract was signed Tuesday by the energy ministers of the three countries. In February 2011, the EU decided that each Member State had to have at least two sources of natural gas and electricity by 2014 in order to be able to cope with a cut-off of Russian supplies.Romania still lacks a connection to ...