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Energy & Environment
New uranium mine could open in northeastern Romania
Thursday, August 29, 2013
Romania could open a new uranium mine in Suceava County (northeast), said Maricel Popa, Secretary of State with the Ministry of Economy, cited in a release of the institution sent on Monday to Agerpres.Attending in Suceava an event organized by the National Uranium Corporation, Popa said that in the current international context, Romania definitely needs to develop this sector.'So I tell you chances are high that we find ...
Ministry of Economy sends European Commission pre-notification of postponing green certificates
Thursday, August 29, 2013
The Department for Energy within the Ministry of Economy on August 2 sent a pre-notification of the amendments to the legislation on renewable energy, but did not get any request from Brussels referring to any complaint made by investors, the representatives of the above-mentioned department told Agerpres.'On August 2 we sent the EC the simplified preliminary notification (pre-notification) of Law No 220/2008 with the subsequent ...
Czech utility company reports Romania to European Commission for cutting renewables subsidies
Thursday, August 29, 2013
Romania’s decision to stop paying renewable energy subsidies for seven years has been reported to the European Commission by Czech utility company ?EZ. In a policy change announced in early June, effective from 1 July 2013, the Romanian government has deferred payments to renewable energy producers, as well as suspending the issue of green energy certificates which renewable energy facilities must ...
l Ukraine expects to sign agreement on supplies of gas from Romania in October
Thursday, August 29, 2013
In October Ukraine expects to sign an agreement on supplies of natural gas from Romania, minister of energy and coal industry Eduard Stavytsky told a briefing.He reiterated that now gas from Europe to Ukraine comes via two routes: from Poland and from Hungary. "From August 15 of this year Hungary has increased the volume of gas supplies at ...
Sutech, Condmag and Inspet got contracts of more than 58 million lei for SNGN Romgaz
Thursday, August 22, 2013
The association made up of SC Sutech SRL Medias, SC Condmag SA and SC Inspet SA will make and put to work the unit for natural gas compression in Roman for SNGN Romgaz – Medias, the value of the contract being 58.4 million lei, according to an announcement of Condmag Brasov published on the site of the BVB. The duration of the work execution is 15 months ...
Sterling Resources wants to give up its stakes in the offshore oil blocks in Romania
Thursday, August 22, 2013
The Canadian oil company Sterling Resources is currently considering the opportunities and the right time to sale its stakes in the offshore oil blocks in Romania, according to the company's Q2 2013 report. Sterling owns in Romania the Pelican ...
Nabucco Consortium, to spend 20 million euros for controlled close down
Thursday, August 22, 2013
Transgaz, national gas transporter, convened the Extraordinary General Meeting of Shareholders on September 23 to approve the controlled close down of Nabucco Gas Pipeline International GmbH Austria and of Nabucco national companies, a close down for ...
Photovoltaic panel capacity in Romania increases over seven times in S1
Thursday, August 22, 2013
The installed capacity in the photovoltaic power plants registered a spectacular leap in the first half of 2013, being 7.6 times higher compared with the end of last year, according to Transelectrica data.Thus, if on December 31, 2012, in Romania there were photovoltaic ...
Green certificates discarded for sun power producers if host land still for agricultural purpose
Thursday, August 22, 2013
Romania's sun power producers will lose their certification and no longer receive green certificates, unless they produce proof that the land hosting the sun panels is not for agricultural purpose, and do so by January 15, 2014, according to an order of the chairman of the National ...
Zeta Petroleum announces successful production test at Jimbolia-100 well, Romania
Thursday, August 22, 2013
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to announce that the Jimbolia-100 well, ('Jimbolia-100' or 'the Well'), an appraisal well on the ...
Turkmenistan to build Caspian energy port
Thursday, August 22, 2013
Energy-rich Turkmenistan last Thursday (15 August) launched a $2 billion project to build a new port on the Caspian Sea designed to boost ...
Natural resource use ‘in the red’ for 2013
Thursday, August 22, 2013
Monday (August 20) humanity’s use of renewable natural resources has already “overshot” the amount the planet can produce in one year, say environmental ...
Petrom could be interested in shale gas after 2021
Thursday, August 15, 2013
Shale gas is part of this century and Petrom will examine entering this market after 2021, the oil company's CEO Mariana Gheorghe said on this Tuesday.She explained the natural decline of 10 percent per year in the Romanian oil and gas production could be offset by three directions.'Firstly, it is about ...
Fuel, gas and electricity consumption will continue to drop
Thursday, August 15, 2013
Fuel, gas and electricity consumption will continue to drop this year, after it already recorded decline in the first six months of the year, Mariana Gheorghe, Petrom general manager told a press conference on Tuesday.Estimated consumption ...
Petrom CEO: Addendum to Black Sea exploration agreement enables us to expedite exploration works
Thursday, August 15, 2013
The addendum to the Agreement regarding the Neptun Black Sea block which Petrom and Exxon have recently signed with the Romanian authorities allows investors to expedite exploration works in that block, Petrom CEO Mariana Gheorghe told a press ...
Petrom asks for authorization to continue its activity at Arpechim refinery
Thursday, August 15, 2013
Petrom will continue to operate some of the installations of Arpechim as deposits, said on Tuesday Mariana Gheorghe, general manager of the company, in a press conference.'We will reposition some assets there as a storage terminal. Even ...
Petrom Group announces more than 1.2 bln euros in 2013 investments
Thursday, August 15, 2013
Petrom Group has planned more than 1.2 billion euros in investments this year and it also plans to continue the consultations with the Romanian authorities so as to outline a fiscal and regulatory framework that should be stable on the long-term and ...
Cernavoda Nuclear Plant's units put out mil. 6.6 MWh, in first seven months of 2013
Thursday, August 15, 2013
The two units of the Cernavoda Nuclear Power Plant put out over 6.66 million MWh electricity, during the first seven months of 2013, and 6.133 million MWh of them were delivered to Romania's National Power Grid, informs Nuclearelecrica web ...
MOL: Half year results 2013 affected by difficult market environment in Europe
Thursday, August 15, 2013
In Q2 2013, MOL Group generated a clean CCS EBITDA of HUF 112bn, 21% below the previous quarter. The lower result is mainly attributable to weaker Upstream contribution, while Downstream and Gas Midstream delivered flattish results, the company said in a press release to ACTMedia. In Upstream, the lower price of ...
Romania's final electricity consumption down 7.5 pct in H1 2013
Thursday, August 15, 2013
The final consumption of electricity in the first half of the year reached 24.881 billion KWh, 7.5 percent down compared with the first half of last year, according to data made public on Thursday by the National Institute of Statistics ...