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Energy & Environment
Hidroelectrica’s privatization, blocked until the autumn of 2022
Thursday, August 20, 2020
The President of Romania, Klaus Iohannis, approved on Thursday the law on ”some measures to protect national interests in economic activity,” despite the fact that the Liberals had previously challenged the draft in the Constitutional Court, which, however, rejected their referral. According to the normative act, from the date of entry into force of the law, for a period of two years, the alienation of state participations in national ...
Dacian Petroleum buys 40 perimeters from OMV Petrom for almost USD 18 mln
Thursday, August 20, 2020
Dacian Petroleum will buy 40 OMV Petrom fields located in the south of Romania and with a cumulative oil and gas production of approximately 1,700 barrels equivalent of oil (boe)/ day. The value of the transaction is of $17.8 million for 190 active wells, representing about 1% of OMV Petrom’s production in 2019. The transaction includes the transfer of the wells and the oil infrastructure related to the respective perimeters, as well as of a ...
Pewete chose Romania in order to create a hub of services for Europe
Thursday, August 20, 2020
Pewete Evo Europe SRL appeared on the Romanian well services market in 2018, but the General Manager, George Capatina is far from being a newcomer to this industry. Likewise, the company group of Pewete Evo Europe is a well-known and appreciated player in the Oil & Gas industry, listed on the Frankfurt stock Exchange, with a solid portfolio in Russia, Kazakhstan and Middle East – Petro Welt Technologies AG. Energyeconomics.com discussed with George Capatina about ...
Financial results of Rompetrol Rafinare Semester 1 2020
Thursday, August 20, 2020
Rompetrol Rafinare, a member company of the KMG International Group, recorded declining financial results in the first half of 2020, due to unprecedented volatility in the oil market, but also the impact generated by the influences of COVID-19 on the demand for petroleum products. In the context of the restrictive measures imposed with the onset of the pandemic that led to very low market demand, as well as the prolonged ...
CEZ in talks with best bidder for assets in Romania
Thursday, August 13, 2020
Czech energy group CEZ said on Tuesday that it is holding negotiations with the potential buyer who has submitted the best bid in the process for the sale of the group's assets in Romania. "On June 25, 2020, CEZ Group received binding offers for assets in Romania. Mainly the distribution and sales companies and the Fantanele and Cogealac wind power plants are subjects of the sale," CEZ Group said in a presentation of its first-half financial ...
Romania's electricity consumption down 7.1 pct in H1, exports double
Thursday, August 13, 2020
Romania's electricity consumption in H1 2020 amounted to 25.7 TWh, by 7.1 percent less from the same period of the year before, while imports were twice as high, the National Institute of Statistics (INS) informed today.Electricity consumption in the economy, ie of industrial consumers, registered the steepest decline of 10 percent, while household consumption was by 2 percent higher.The total power output was 11.7 percent down, with the most severe ...
Enel X opens network of car charging stations in Bucharest, surrounding areas
Thursday, August 13, 2020
Enel X Romania, a subsidiary of the Enel Group’s advanced energy services division Enel X, has installed and put in operation a network of 34 charging points for electric vehicles in Bucharest and surrounding areas, the company announced. The installation of Enel X charging points will continue with other units in Bucharest, Timi?oara, Sibiu, and Constan?a. The plan covers all ...
“Donate blood, save a life!” campaign launched by Rompetrol
Thursday, August 13, 2020
KMG International is launching a campaign to support blood donation at the national level, between August 10 and October 10, in partnership with the National Institute of Hematology and Transfusion and the SMURD Foundation. Through its retail division, Rompetrol Downstream, the Group will provide donors, free of charge, with products from its Rompetrol hei fuel distribution network. “The pandemic imposes physical distance on ...
PM Orban: Ungheni - Chisinau gas pipeline is ready
Thursday, August 13, 2020
Prime Minister Ludovic Orban said on Friday that the Ungheni - Chisinau gas pipeline is completed, and once this investment is completed, there is the possibility of supplying natural gas from Romania to the Republic of Moldova."I have good news for you. Even though an extremely important investment for Romania has not been inaugurated, this investment is ready, it is the Ungheni - Chisinau gas pipeline. The investment made by Transgaz is completed and once ...
Nova Power & Gas, part of the E-INFRA Group, develops a natural gas network in Huedin
Thursday, August 13, 2020
Nova Power & Gas, company member of the E-INFRA group, develops the natural gas network in Huedin (Cluj county). The project, worth RON 8.5 million, continues the E-INFRA group strategy to develop Romania’s critical infrastructure, through private investments in essential public utility projects. „Following the inauguration of the distribution network in Moara, Suceava, in June, we have already started a new project for the development ...
Investors in renewable energy warn about side effects of land sale ban in Romania
Thursday, August 13, 2020
The draft law that restricts the sale and use of agricultural land, passed by the Romanian Parliament, will hinder the planned investments in renewable energy projects, the two associations of renewable energy producers, PATRES and RWEA, warned in a letter to president Klaus ...
PM Orban: Jiu Valley must be viewed with realism
Thursday, August 13, 2020
The government is concerned about the problems in the Jiu Valley and is looking to find the best solutions so that the region has a future, said Prime Minister Ludovic Orban. This region was heavily industrialised and the main activity was coal mining, but due to low efficiency, most of the mines were closed down in the years following the collapse ...
ELECTRICA Time of change
Thursday, August 13, 2020
The Electrica Group is going through major transformations, meant to modernize companies, to unify them digitally, to increase efficiency and to optimize costs, for the benefit of shareholders, but especially of final consumers. In addition to the strategic investment programs, Electrica is preparing the merger of the three distribution operators, intends to participate in the acquisition of CEZ assets that fit the group’s core business and diversify its service ...
ENEL X ROMANIA INSTALLED A PHOTOVOLTAIC SYSTEM AT LTA MONDIAL EDIBLE OIL FACTORY
Thursday, August 6, 2020
Enel X Romania, part of Enel X, the advanced energy services division of Enel Group, has installed a photovoltaic panels system on the edible oil factory of LTA Mondial company located in Baia, Tulcea County, which will help the plant to reduce its annual grid energy consumption by almost 8%, as well as to prevent the emissions of about 86 tonnes of greenhouse gases per year, the company informs. The project involved the delivery of a turnkey PV system ...
KMG International (Rompetrol) continues the "Career Ready" internship program
Thursday, August 6, 2020
KMG International (Rompetrol) has launched the 20th edition of the “Career Ready” internship program, aimed at young people who want to pursue a career in the oil and gas industry, the company informs. This year, 55 students and recent graduates were selected to participate in a special edition of the training program. For two months, the youngsters will benefit from the expertise of over 35 mentors, who will use their experience to guide ...
GAZ Romania Trade Unions Federation: BRUA, a project with strategic value for Romania and EU
Thursday, August 6, 2020
The BRUA gas pipeline is a project with strategic value for both Romania and the European Union, say representatives of the GAZ Romania Trade Unions Federation, who totally disapproves of the opinions recently launched in the public space by various people and organizations in reference to its so-called lack of utility."The GAZ Romania Trade Unions Federation, a nationally representative organization that represents the interests of employees in the gas industry - ...
CEZ Group implementing long-term teleworking system in Romania
Thursday, August 6, 2020
The CEZ Group is implementing a long-term teleworking system in Romania as more than half of the employees of CEZ companies in Romania have been teleworking since the beginning of the state of emergency, the company announced on Friday."Since the beginning of the state of emergency, over 50% of the employees of CEZ companies in Romania have carried out their activity remotely. The proven operational efficiency and the safety priority of CEZ employees and ...
Delayed Coking unit efficiency project, implemented by Rompetrol Rafinare
Thursday, August 6, 2020
Rompetrol Rafinare, a member company of KMG International, has completed a new investment project to increase the degree of crude oil processing and optimize operational flows. With a value of over 1.4 million dollars, the project was recently implemented during the general turnaround of the Petromidia refinery and aimed at installing a new light gas oil recovery system at the fractionation column within the Delayed Coking ...
Romanian gas transporter starts testing Iasi-Chisinau pipeline
Thursday, August 6, 2020
Romania's natural gas transport system operator Transgaz started the technical tests on the Iasi - Ungheni - Chisinau gas pipeline that would facilitate the exports of Romanian natural gas to ...
C. Ghita, Nuclearelectrica: Romania needs a coherent and integrated plan of investments in new capacities
Thursday, August 6, 2020
Nuclearelectrica will soon initiate a feasibility study to establish concrete data for the development of new electricity generation capacities and to respond to the National Energy Climate Plan (NECP). No truly robust energy system can really work only on the basis of renewable sources, said Cosmin Ghita, the CEO of ...