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Energy & Environment
US energy firm Hunt Oil looking to buy oil drilling services in Romania
Thursday, October 31, 2013
Texas-based energy company Hunt Oil plans to buy oil drilling services worth up to EUR 5.6 million in eastern Romania. The drilling will be performed in Adjud, Vrancea, and the costs are estimated to be between around EUR 4.8 million and EUR 5.5 million, according to reports. Hunt Oil is a large private oil company focused on the exploration and production of oil and natural gas in America and ...
NIS wants to reach 25 gas stations in Romania’s capital by end-2015
Thursday, October 31, 2013
NIS Petrol Romania, indirectly controlled by Russian group Gazprom, plans to have between 20 and 25 gas stations in Bucharest and its surrounding regions by end-2015. The company also plans to increase the number of filling stations in Romania to 120 by the end of 2015, said Vadim Smirnov, general manager of NIS Petrol Romania, according to local publication Wall-street.ro. NIS Petrol Romania is the subsidiary of Serbian company ...
Romanian Romgaz’s nine-month gas sales down 10%, to over EUR 580 mln
Thursday, October 31, 2013
Romanian state-owned gas producer Romgaz reported total gas sales revenues of EUR 586 million (RON 2.58 billion) in the first nine months of the year, down 10 percent compared to the same period in 2012. The company’s revenues from domestically produced gas sales went up 2.8 percent in the first nine months of 2013 against the same period the previous year, to some EUR 424 million (RON 1.86 billion). However, the revenues ...
Toshiba Transmission and Distribution builds solar parks in Brasov
Thursday, October 31, 2013
Toshiba Transmission and Distribution, a subsidiary of Japanese corporation Toshiba, will build two solar parks in Brasov county, Romania, for Luxembourg-based company Energreen Investment Group. The total investment amounts to some EUR 37 million and the projects are conducted through two companies, namely Vis Solaris and Elisolar, both controlled by Energreen Investment Group, according to local news agency Mediafax. Elisolar ...
EU presidency proposes new weakening of car emissions rules
Thursday, October 31, 2013
Lithuania, holder of the EU presidency, has made a new proposal to weaken rules on how much carbon new cars can emit from 2020, in line with demands from Germany and its luxury manufacturers, EU diplomats said. The proposal is stoking anger in Brussels, where Germany's negotiating tactics are regarded as heavy-handed. The latest compromise would allow a phase-in of a 95 grams per kilometre (g/km) limit on auto carbon dioxide ...
Azerbaijani Industry and Energy Minister, to come to Romania; Oltchim privatisation, among discussion topics
Thursday, October 24, 2013
A delegation headed by Azerbaijani Industry and Energy Minister Natiq Alyev, accompanied by the SOCAR President (the oil and natural gas company owned by the Azerbaijani state) is going to pay a visit to Romania this autumn for talks on the topic of the privatisation of Oltchim plant, as well as for the assessment of other investment opportunities in Romania, shows a release the Economy Ministry sent on Wednesday.The Economy Minister ...
President Basescu files constitutionality objection with CCR over law approving Rompetrol memorandum
Thursday, October 24, 2013
President Traian Basescu has notified the Constitutional Court of Romania (CCR) about what he believes is the unconstitutional law approving a memorandum of understanding between the Romanian Government and The Rompetrol Group NV signed in Bucharest on February 15, 2013.The Presidential Administration reports that Basescu on Wednesday sent a constitutionality objection to CCR Chairman Augustin Zegrean over the controversial ...
President Basescu: Gazprom, Russian Gov't interested in Romania not exploiting its energy resources
Thursday, October 24, 2013
Russia's gas giant Gazprom and the Government of the Russian Federation are interested in Romania not exploiting its energy resources, Romania's President Traian Basescu argues. 'Gazprom is highly interested in Romania not exploiting its Black Sea natural gas or shale gas. Why? Because assessments indicate far higher quantitates than Romania needs. So, Romania could become a gas exporter and can stand for Gazprom in some markets. It is clear that ...
Romanian and Bulgarian governments support building of a third bridge and hydropower plant on the Danube
Thursday, October 24, 2013
Romanian and Bulgarian governments support the objectives of building together a third bridge and a hidropower plant on the Danube, Vice Prime Minister Liviu Dragnea told AGERPRES on Thursday, October 17, after meeting in Sofia, where he is currently paying an official visit, the Bulgarian Prime Minister, Plamen Oresarski, Vice Prime Minister and Minister of Justice and European Funds, Zinaida Zlatanova, and also the Bulgarian Minister of Regional ...
MOL Romania opens 142nd filling station in Brasov, following EUR1 million investment
Thursday, October 24, 2013
* MOL Romania opened its 8th filling station in Brasov County * The company invested approx. 1 million euros in the new station * MOL Romania retail network expanded to 142 filling stations MOL Romania ...
Romgaz natural gas reserves to bring it 16.7 bln dlrs in net revenues
Thursday, October 24, 2013
Natural gas company Romgaz has proved and probable gas reserves that will bring it 16.7 billion dollars in net revenues, according to a basic scenario cited in the report on the evaluation of the company's resources worked out by U.S. company DeGolyer and MacNaughton.On this June 30, Romgaz had proved net gas reserves totalling 62 billion cubic meters and probable net reserves of 13.1 billion cubic meters of natural gas.The ...
Romania spends 3 pct of 2012 GDP to protect environment
Thursday, October 24, 2013
Romania spent 3.95 billion euros (around 17.6 bln lei) for the environmental protection nationwide in 2012, accounting for 3 percent of GDP, as compared to 3.2 percent in 2011, the National Institute for Statistics said in a release.The non-specialized producers' investments accounted for 57.2 percent of overall investments in the protection of the environment, with the public administration accounting for 30.7 percent of such ...
Romgaz will pay over 12 mln dollars to be partner of Petrom and Exxon in Black Sea block
Thursday, October 24, 2013
ROMGAZ will pay over 12 million dollars if it enters ExxonMobil - OMV Petrom partnership for exploration and development of Midia block in the Black Sea , but has this right only if commercial deposits are discovered there, Romgaz floating prospectus informs.On February 13, 2013 Romgaz signed an agreement with OMV Petrom and Exxon, according to which the state-held company has the option to acquire 10 percent in the deep-water ...
Shale gas firms face EU methane emissions regulation
Thursday, October 24, 2013
Shale gas companies operating in Europe will soon have to monitor, log and account for methane emissions at drill sites or else face regulation, the EU’s top climate officer has said. The amount of methane released into the atmosphere during shale gas drills is disputed, with one new industry-funded report suggesting it could be less than previously ...
Ponta: Through strategy including use of all resources Romania can change as development level
Thursday, October 24, 2013
Romania can change as development level through a strategy that should include the use of all resources, said Premier Victor Ponta on last Thursday, October 17.'One single project will not change Romania, but a strategy using all resources will,' the Premier told the Antena 3 TV station when asked if Romania became a country that should make progress, namely a reasonable living standard, although people feared that it was only ...
“Unconventional Oil & Gas. Eastern Europe & CIS”, October 30, 2013, Kyiv (Ukraine).
Thursday, October 24, 2013
On October 30, 2013, the International Conference “Unconventional Oil & Gas. Eastern Europe & CIS” will take place in Kyiv, the organizers ...
Senate rejects President's re-examination request of Memorandum between state and Rompetrol Group
Thursday, October 17, 2013
Romania's Senate rejected on Wednesday, in its plenum, Romania's President, Traian Basescu, request referring to the re-examination of the Memorandum of Understanding concluded between the Romanian state and Rompetrol Group N.V., signed in Bucharest on February 15, 2013.As such, the Report on admission of the bill was adopted, as well as the rejection of the re-examination request, with 79 votes in favor, 17 votes against and 8 ...
Five-mln euro solar park commissioned at Magurele
Thursday, October 17, 2013
A photovoltaic power station - or solar park - having 3.4 megawatt (MW) installed power was commissioned at Magurele, the southern Prahova county, with the nearly five million euros investment being made by a Danish company.The Prahova County Council said in a release on Wednesday the project meets the average demand of 2,200 families of four each and entailed the setting up 13,800 photovoltaic modules of 245 W each and 200 converters ...
Romania ranks 10th in EU by wind power output
Thursday, October 17, 2013
Romania ranks 10th in the European Union by the output of wind power, representatives of the Employers Association 'New Sources of Energy - SunE' told a press conference on Wednesday.'Wind turbines currently installed in the EU have a total capacity of 106,000 MW. Germany has the highest output, with more than 30,000 MW, followed by Spain with over 20,000 MW. The UK, Italy and France are next. Romania is ranked 10th, we are among the ...
GE and GDF SUEZ Energy Romania Fuel Wind Energy Growth in Romania
Thursday, October 17, 2013
GE to Support GDF SUEZ Energy Romania with 10-Year Service Agreement 20 GE 2.5-103 Wind Turbines Would Generate Power to Help Meet the Energy Needs of Approximately 50,000 Homes in the Country According to the press release sent to ...