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Energy & Environment
Juncker says South Stream pipeline can still be built
Thursday, December 11, 2014
European Commission President Jean-Claude Juncker has insisted the €32 billion South Stream natural gas pipeline can still go ahead, and accused Russia of holding EU-member Bulgaria for ransom when it said it had abandoned the project. Speaking after talks with Bulgarian Prime Minister Boiko Borissov, whose country South Stream would traverse making it a major beneficiary, Juncker rebutted Russia's ...
Bloomberg: Romania Bets on Own Gas, New Pipeline as South Stream Scrapped
Thursday, December 11, 2014
Romania plans to build a new pipeline to transport future gas output from the Black Sea after projects preparing alternative transportation routes, Nabucco and South Stream, where ...
Serinus Energy makes oil discovery in Romania
Thursday, December 11, 2014
Serinus Energy has spudded a second exploration well in Romania.The Moftinu 1001 well has been drilled within the 765,000 acre exploration block known as Satu Mare Concession.Logs indicated a net pay of 17 metres at depths ranging from 730 to 900 metres. The original planned total depth for Moftinu-1001 was 1,900 metres, intended to test the possibility of gas in pre Miocene (Eocene & Basement) structures, but ...
VIKOIL LTD Kiev wants to win next year at least three contracts in geophysical prospecting services
Thursday, December 11, 2014
The Ukrainian geophysical prospecting company VIKOIL LTD Kiev wants to win next year at least three contracts in the public tenders for geophysical prospecting services, Gryshanenko Vladimir, the manager of the Bucharest subsidiary of the company, told Agerpres on Tuesday. 'Our company is already participating in a tender and we ...
Mariana Gheorghe, OMV Petrom: “Black Sea is back on oil & gas map”
Thursday, December 11, 2014
Huge discoveries of oil and gas in the Black Sea off Romania have thrust the country back into the heart of the region’s energy market, according to Mariana Gheorghe, OMV Petrom’s CEO, recently interviewed ...
Hidroelectrica wants to retool the Stejaru Hydroelectric Plan for 78.75 million euros
Thursday, December 11, 2014
Hidroelectrica wants to retool the Stejaru Hydroelectric Plant in the village of Pangarati, Neamt County, for 78.75 million euros, VAT excluded, according to a participation announcement posted in the Electronic System of Public Acquisitions /SEAP/. According to the announcement, the estimated total value of the works contract ...
Romania LNG project decision in January
Thursday, December 11, 2014
The partners in the first LNG project to be developed in the Black Sea will decide in January whether to press on with the €4.5bn investment after the feasibility study has been already completed, Ziarul Financiar daily reported. The study was submitted by the consultant Penspen Limited (a UK registered company) to the project company Azerbaijan–Georgia–Romania-Hungary (AGRI), ...
The new draft law on royalties will be put up for public debate early next year
Thursday, December 11, 2014
Prime Minister Victor Ponta announced on Friday on his Facebook page that the new draft law on royalties will be put up for public debate early next year, adding that it would have been a "proof of irresponsibility" to launch the draft in an election year. "The new draft [on royalties] will be put up for public debate at the ...
President Basescu: Romanian state has not received 200 million dollars from Oil Company Rompetrol debt
Thursday, December 11, 2014
President Traian Basescu said last Thursday that the Romanian state has not received 200 million dollars from Oil Company Rompetrol debt up until now and stressed Prime Minister Victor Ponta must take responsibility for this case. The incumbent Romanian head of state underscored that, given that the 2015 budget was being drawn ...
Unit 1 of the Nuclear Plant in Cernavoda was disconnected
Thursday, December 4, 2014
Unit 1 of the Nuclear Plant in Cernavoda was disconnected, on Wednesday, from the National Energy System, due to some problems encountered in the conventional part of the plant, Nuclearelectrica informs through a ...
Domestic gas prices will not increase before July 1, 2015
Thursday, December 4, 2014
Domestic gas prices for household consumers in Romania will not increase before July 1, 2015, while the Government and the National Energy Regulatory Authority (ANRE) will draw up a new schedule for the liberalisation of gas prices for July 1, 2015 - July 1, 2021 that will take into account a falling trend in regional hydrocarbon prices as well as a ...
Russian Money Suspected Behind Fracking Protests
Thursday, December 4, 2014
Gazprom, a state-controlled energy giant, has a clear interest in preventing countries dependent on ...
Eustream Aims to Link Slovak Gas Networks Across Europe
Thursday, December 4, 2014
*Pipeline Operator Looking for European Partners to Counter Reliance on Russian Natural Gas Slovak pipeline operator Eustream AS said Tuesday it has launched talks with potential partners to connect Western ...
White Stream, is currently being considered, bringing gas through Romania and Bulgaria
Thursday, December 4, 2014
Russian president Vladimir Putin on Monday scrapped the South Stream pipeline project to supply gas to southern Europe, accusing the European Commission of a ''counterproductive'' attitude after the project was suspended following sanctions over the crisis in Ukraine.The Commission said on Tuesday that it was ''never against South Stream'', according to the spokesman of Vice President Maros Sefcovic, but that EU consumer protection regulations would have to be ...
Romania’s oil royalties system will remain unchanged in 2015
Thursday, December 4, 2014
The royalty system for the oil industry will remain unchanged next year and a new formula will be created later, minister-delegate for the Budget Darius Valcov said Wednesday.“The current system will be extended for next year”, Valcov answered when asked. The decision will be made through a Government order. In September, prime minister Victor Ponta said that the project regarding the new royalties for the oil industry will be placed in ...
Argentina Shale Gas and Oil Summit 2015 Sheraton Buenos Aires Hotel & Convention Center, Buenos Aires, 18th – 19th May 2015
Thursday, December 4, 2014
A-SGOS 2015 is a two-day conference and exhibition serving as a platform to invigorate Argentina shale gas exploration. The event will explore current and future possibilities for the Argentina shale gas industry, bringing together senior government officials and technical experts with operators and license holders. The conference will incorporate numerous case studies covering existing experience within the Argentina shale gas sector, with ...
Central and Eastern Europe Shale Gas and Oil Summit 2015 , 9th and 10th of March, Radisson Blu hotel, Warsaw
Thursday, December 4, 2014
Central and Eastern Europe Shale Gas and Oil Summit 2015 is a two-day conference and exhibition aiming to help reinvigorate Polish and Central European shale gas exploration. The event will explore current and future possibilities for the shale gas industry, bringing together senior government officials and technical experts with operators and license holders. Speakers - Among others, we will ...
Security of gas supply: ROMANIA is asked to comply with EU rules
Thursday, November 27, 2014
The Commission has formally requested Romania to ensure full compliance with EU rules on security of gas supply. The EU Security of Gas Supply Regulation (EU) ...
Prices for domestic natural gas will stay unchanged as from January 1, 2015
Thursday, November 27, 2014
Household prices for domestic natural gas will stay unchanged as from January 1, 2015, at their current levels, the Department of Energy reported on Monday in a press ...
Romania must become energy producer in Black Sea region
Thursday, November 27, 2014
Romania has extraordinary local energy resources and that is why it is very important that it should no longer remain merely a transit country in the Black Sea region, but it should also become an energy producer, the Energy Department director general Elena Popescu told an international specialised conference on ...