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Energy & Environment
Gloria Offshore Oil Platform, drilling gas for 43 years, to be decommissioned on 1 May
Thursday, April 18, 2019
The Gloria Offshore Oil Platform, which has been drilling gas from the Black Sea since 1976, will close its activity on 1 May and will be decommissioned and scrapped, said on Wednesday Sorin Gal, Director General of the National Agency for Mineral Resources (ANRM) at the Energy Forum, organized by Financial Intelligence."The first [oil] explorations in the Black Sea began in the 70's. The drilling in the Istria perimeter, at the renowned Gloria oil rig started in ...
OMV Petrom opens new Polyfuel unit at Petrobrazi, producing gasoline and diesel
Thursday, April 18, 2019
OMV Petrom has opened the new Polyfuel unit within Petrobrazi refinery, using an innovative technology to convert LPG and low-grade light gasoline into high-value petroleum products – gasoline and diesel. This unit is the third of its kind worldwide and the first to convert low-grade light gasoline, as well, not just LPG. ”The new Polyfuel unit brings the state-of-the-art technologies used in the petrochemical and refining industry to the ...
EU Council approves stricter carbon dioxide emission standards for cars, vans
Thursday, April 18, 2019
The Council of the European Union approved stricter carbon dioxide emission standards for cars and vans on Monday, thus being closer to achieving its climate targets, the Ministry of Transport announced on Monday."The EU makes road transport cleaner by setting new strict carbon dioxide emissions standards for cars and light commercial vehicles. Thus, the EU will be closer to achieving its climate goals and ensuring that car makers contribute to efforts to reduce ...
BSOG receives Gov’t approval for the Field Development Plan for the Ana and Doina gas fields
Thursday, April 18, 2019
Black Sea Oil & Gas SRL (BSOG) together with its co-venture partners, Petro Ventures Resources SRL and Gas Plus International B.V. announce that, following the taking of FID on February 6, 2019, they have now received the approval from the Romanian Government through the National Agency for Mineral Resources (ANRM) for their Field Development Plan (FDP) for the development of the Ana and Doina natural gas fields which make up the Midia Gas Development Project (MGD ...
MOL Group to acquire Aurora, a recycled plastic compounder with production plants for the automotive industry
Thursday, April 18, 2019
MOL Group singed a sales-purchase agreement to acquire Aurora Group, a recycled plastic compounder with production plants located nearby automotive plants and plastics conversion clusters in Baden-Wurttemberg, Germany. The acquisition is in line with the company’s 2030 Strategy to extend petrochemical portfolio with higher value-added products. Aurora is a medium-size German company, headquartered in Neuenstein, with a unique and lean closed loop ...
PRIMARY ENERGY RESOURCES DURING 1.I.–28.II.2019
Thursday, April 18, 2019
During 1.I – 28.II.2019, primary energy resources increased by 0.5%, while those of electricity decreased by 6.0% as compared to the same period of previous year. The main primary energy resources during 1.I.-28.II.2019 amounted to 5866.7 thousand tonnes oil equivalent1 (toe), increasing with 26.7 thousand toe as against 1.I.-28.II.2018. Domestic production amounted to 3346.1 thousand toe, decreasing with 141.0 ...
Gazprom-owned company finds oil in Romania, aims to begin production later this year
Thursday, April 18, 2019
Nis Petrol Romania, a company indirectly owned by Russian giant Gazprom, has confirmed for e-nergia.ro that it has found oil in western Romania. Nis has already signed an agreement with Conpet to retrieve and deposit the oil for testing and will begin experimental ...
Government: state aids for closing down the non-competititve mines in the CE Hunedoara and Valea Jiului
Thursday, April 11, 2019
The government approved on this Wednesday the granting of state aids for the closing down of the non-competitive coal mines in the Complex Energetic Hunedoara and the Societatea Nationala de Inchideri Mine Valea Jiului SA announced on Wednesday the spokesperson of the government Nelu Barbu. ‘The government approved two government decisions, at the proposal of the ministry of energy, regarding the approval of granting state aids to ...
11 EU countries snub Romanian Presidency’s gas declaration
Thursday, April 11, 2019
The European Commission, backed by 11 EU member states, refused to sign a declaration on “sustainable and smart gas infrastructure” tabled by the Romanian Presidency earlier this week because the text wasn’t ambitious enough on climate change, EURACTIV.com has learned. The declaration was inked by 17 EU member states plus Norway, Switzerland and Lichtenstein, at the conclusion of a two-day informal meeting of EU energy ministers in ...
Total group supports 3 Romanian startups selected through national challenge
Thursday, April 11, 2019
The local subsidiary of the French energy group giant Total has selected 3 Romanian startups through a national competition and will support them financially. The jury of local experts selected the winners of the 2018-2019 Startupper of the Year by Total Challenge in Romania. The three winners of the Startupper of the Year by Total Challenge in Romania that were awarded in a dedicated ceremony held last month ...
Frank Hajdinjak, E.ON Romania: Not enough calculation and selling methods have been developed on the market
Thursday, April 11, 2019
Frank Hajdinjak, the CEO of E.ON Romania, took part in the Energy panel of BR’s Tax & Law Conference on Tuesday and talked about the functioning of the natural market: “After April 1 2017 we saw a price liberalization, not a market liberalization. The acquisition price was affected.” Speaking about OUG 114 and the effects it has in the gas industry players, he said that the main consequences will be not be o the profit side, ...
Rompetrol refinery plans to reach profit in 2019
Thursday, April 11, 2019
Rompetrol Rafinare, the company that operates the largest oil refinery in the country - the Petromidia refinery on Romania’s Black Sea coast, expects to break even and move in the black this year, amid new operational records that will lead to higher sales mainly driven by exports. Rompetrol Rafinare targets USD 5 billion sales, USD 192 million EBITDA and USD 51.2 million net profit from refining and petrochemicals at both refineries, Petromidia ...
Energy security at risk due to lack of investment, says unqualified motion against energy policies
Thursday, April 11, 2019
The opposition National Liberal Party (PNL) has tabled with the Chamber of Deputies an unqualified motion called "SOS energy sector! PSD and ALDE lead Romania to darkness!" that reads the party's concern about the situation in this area, arguing that energy prices have increased, with the country's energy security being at risk mainly due to a lack of investment."PNL is deeply worried about the situation of the energy sector. Energy prices have increased a lot in ...
Rompetrol Rafinare moves to Industry 4.0, on investment estimatated at 4mln US dollars
Thursday, April 11, 2019
Rompetrol Rafinare is close to finalizing the implementation of the first phase of Advanced Process Control (APC), a digital solution with an estimated cost of about 4 million US dollars, which will allow for the improvement of the production activities of the Petromidia Navodari refinery, according to a company report sent on Tuesday to the Bucharest Stock Exchange."It is an important step in the processing of crude oil in Romania, the alignment with ...
Engie-led consortium buys Petrobras’s pipeline unit TAG for USD 8.6 bn
Thursday, April 11, 2019
Engie has won a bid for TAG, the pipeline unit of Brazil’s Petrobras, with an offer of USD 8.6 billion, boosting Engie’s presence on a fast-growing sector and helping Petrobras cut its debts, according to Reuters. Engie’s offer for a 90 percent stake in TAG was made through a consortium that includes Engie and Canada’s Caisse de Dépôt et Placement du Québec (CDPQ). TAG accounts for 47 ...
ENEL ROMANIA APPOINTS VALERIU BINIG AS REGULATORY AND ANTITRUST AFFAIRS DIRECTOR
Thursday, April 11, 2019
Enel Romania appoints Valeriu Binig as Director of the Regulatory and Antitrust Affairs Department Claudia Brandus is moving to Brussels, in the European Affairs Department of the Enel Group Enel Romania appointed Valeriu Binig as Regulatory and Antitrust Affairs Director, while Claudia Brandus, who previously coordinated the regulatory activities, joined Enel ...
Servicii Energetice Muntenia closed the insolvency proceedings
Thursday, April 11, 2019
Electric Power Company announces the closure of the insolvency proceedings of Servicii Energetice Muntenia, part of the Electrica Group. The decision was taken by the Civil Division of the Bucharest Court, which on April 3, 2019, found the closure of the insolvency proceedings. Also, the court ordered all measures for the company’s re-entry into business activity, according to the graft certificate issued on 4 April 2019 by the Bucharest ...
Energy Union ‘completed’, as Commission’s final stocktake debuts
Thursday, April 11, 2019
EU officials are satisfied with how the bloc’s internal energy market has taken shape over the last five years, but will acknowledge in a final stocktake due later on Tuesday (9 April) that energy efficiency and renewables targets still need work. Hundreds of hours of negotiations and nearly five years later, the Energy Union is “completed” according to EU climate boss Miguel Arias Cañete, who told EURACTIV that it is now the ...
The Competition Council started an investigation regarding the possible rigging of bids organized by the Oltenia Energy Unit
Thursday, April 4, 2019
The Competition Council announced on Wednesday that they started an investigation regarding a possible rigging of the bids organized by the Oltenia Energy Unit. ‘The Competition Council started an investigation regarding a possible rigging of some bids organized by the Oltenia Energy Unit for the acquisition of rolls and skates for conveyor belts for coal’ the press release says., The authority suspects that the ...
ANRE: Romania aims renewable energy target of 27.9pct by 2030
Thursday, April 4, 2019
Romania's target for renewable energy sources for 2030 is 27.9pct and we hope that the European Commission accepts a target below the average level of Europe, said Zoltan Nagy-Bege, Vice President of the Energy Regulatory Authority (ANRE), at the WindEurope Conference & Exhibition, in Bilbao."Our number one priority, as a country, is to finalize the Integrated National Energy and Climate Plans and to negotiate with the European Commission the target for ...