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Energy & Environment
Prosecutors close criminal case related to historic debt of Petromidia refinery
Thursday, December 12, 2019
Romania’s Directorate for Investigating Organized Crime and Terrorism (DIICOT) has closed the criminal investigation against Romanian company Rompetrol Rafinare, which operates the country’s biggest refinery – Petromidia, and its parent-group KazMunayGas International (KMGI). The case was related to a historic debt of EUR 571 million (USD 603 million) that the Petromidia refinery had to repay to the Romanian state, dating back from ...
ENEL X LITHIUM-ION BATTERY INNOVATION PROJECT APPROVED BY EUROPEAN COMMISSION WITHIN IPCEI
Thursday, December 12, 2019
Enel X is one of the 17 industrial players of the pan-European project IPCEI, under which up to 3.2 billion euros of funding approved by the European Commission will be provided to support the development of a sustainable value chain for lithium-ion batteries Under the project, Enel X will develop tools for fault prediction and degradation modeling for lithium-ion batteries to increase their useful life and ...
Pre-accelerator programme for start-ups in clean energy InnoEnergy PRIMER of EC to start in Bucharest in January
Thursday, December 12, 2019
The start-ups which develop products or services in the areas of clean energy, smart city, mobility, smart electric grids, nuclear instrumentation will be able to participate in January 2020 in Bucharest and in February in Brasov in the InnoEnergy PRIMER, a pre-accelerator programme of InnoEnergy, a European Commission initiative.According to a press release of InnoEnergy Romania, the main objective of this programme is to support innovative people in developing ...
Rompetrol Well Services, offshore oil services in the Black Sea
Thursday, December 12, 2019
This year Rompetrol Well Services (RWS) resumed and expanded the range of oil well services provided for upstream operations in the Black Sea through the recent contribution to the extensive decommissioning project of the Gloria platform. RWS completed the works for securing and preserving the wells related to the marine platform - owned by OMV Petrom in safe conditions and subsequently their cementing. The works were completed successfully with ...
Official says investors call for re-consideration of classified info on mineral and oil resources
Thursday, December 12, 2019
Romania's government would push for a re-consideration of categories of classified information regarding mineral, oil and gas resources. This comes at the request of investors in these sectors, which was made during working sessions with representatives of the government, a top government official said .Ionel Danca, head of the chancellery, said that players in mining, gas and oil sectors have complained about difficulties in attracting investment due to the ...
The state to buy CEZ group’s local assets
Thursday, December 12, 2019
The company that manages the Romanian state’s minority stakes in former state energy companies privatized to foreign investors - SAPE has submitted a non-binding offer to purchase the assets of Czech utility group CEZ in Romania, according to unofficial sources quoted ...
MET interested in CEZ’s Romanian wind farm
Thursday, December 12, 2019
Swiss-owned energy and gas supplier MET Romania Energy, one of the largest energy suppliers on the free market, is interested in the acquisition of assets put up for sale by CEZ Romania, particularly the Fântânele-Cogealac wind farm. In this regard, the company has sent a non-binding letter to the Czech group, MET general director Petre Stroe said in a meeting with the media. "We are interested in CEZ assets, especially the wind farm. We ...
US readies sanctions against Nord Stream 2 and Turkish Stream
Thursday, December 12, 2019
The US House and Senate agreed on Monday (9 December) a defence bill that would force Donald Trump’s administration to impose sanctions on companies involved in the Russian-sponsored gas pipelines Nord Stream 2 and Turkish Stream, euractiv.com reads. The text agreed by the House and Senate defence committees concerning the sanctions is part of the $738 billion 2020 draft US defence budget. It reads that sanctions are introduced in defence of the ...
ANRE ready to implement any transition measure on energy market once Ordinance 114 repealed
Thursday, December 5, 2019
The Romanian Energy Regulatory Authority (ANRE) is ready to implement any transition measure the gov't will take after the abrogation of the Emergency Ordinance (OUG) 114 provisions in the energy sector, on Wednesday night said this energy watchdog's Vice President Zoltan Nagy-Bege."I hope we will start the year 2020 with a repealed OUG 114, with transition measures that can be enforced in the shortest time possible. As the energy regulatory authority, we are ...
Micula brothers manage to seize 67 M shares owned by the state at Nuclearelectrica
Thursday, December 5, 2019
Micula brothers and their companies have managed to seize 67 million shares owned by the Romanian state at domestic energy giant Nuclearelectrica, with a nominal value of RON 10 per share. This means that the seizure was set on 27% owned by the Economy Ministry at ...
The Romanian-Kazakh Energy Investment Fund, 20 fuel station in Romania
Thursday, December 5, 2019
The Romanian-Kazakh Energy Investment Fund inaugurated in Timis county a new fuel station, an investment of approximately 1.3 million USD ensuring the creation of 16 new jobs. Recently, the fund opened another unit in Targu Mures locality. The new station is located at Ghiroda, an important road junction for the traffic in the area – the connection to the Timisoara airport and ring road, highway A1, as well as to the European road E70 to ...
Alik Aidarbaev introduced the new CEO of the KMG International Group
Thursday, December 5, 2019
The Chairman of the Management Board of JSC NC KazMunayGas, Alik Aidarbayev, during a working visit to Bucharest, introduced the new CEO of KMG International N.V. (“KMGI”) - Beimbet Shayakhmetov, who succeeded Zhanat Tussupbekov in this position. Alik Aidarbayev said that changes in the management of KMGI are carried out as part of the management rotation procedure. Zhanat Tussupbekov was invited to work in the central office of ...
Reuters: Romania's Petrom ready to develop Black Sea gas field once government lifts barriers
Thursday, December 5, 2019
Romania’s OMV Petrom is ready to press on with a multi-billion euro investment in the giant Black Sea gas project it holds with ExxonMobil once Bucharest’s new government lifts regulatory barriers to doing so, it said on Monday. A final investment decision on tapping the Neptun deepwater block after a decade of exploration was stymied last year by changes to offshore laws and new taxes that a former, socialist-led cabinet levied on the ...
EnvirMin: Reaching emissions reduction target for 2030 requires a deep chance in the Romanian society
Thursday, December 5, 2019
Reaching the emissions reduction target for 2030 requires a deep chance in the Romanian society, in terms of the economic behaviour and model, and we are going to initiate this change as soon as we get back home, by convoking the National Committee for Climate Change, the Minister of Environment, Waters and Forests, Costel Alexe, said in the official opening of the works of the UN Climate Change Conference - COP25.According to a press release of the Ministry, the ...
Kazakhstan's ambassador: KazMunayGas International has special contribution to strengthening Romania's energy security
Thursday, December 5, 2019
KazMunayGas International has "a special contribution to strengthening Romania's energy security", and this company "will continue to operate in strict compliance with the Romanian law," the new ambassador of the Republic of Kazakhstan in Bucharest, Nurbakh Rustem told a news conference on Thursday.According to the ambassador, the activity of the largest investment of the Republic of Kazakhstan - the company KazMunayGas International, which has a special ...
European Parliament declares climate emergency
Thursday, December 5, 2019
The European Parliament voted by a large majority on Thursday (28 November) in favour of a resolution declaring climate emergency in Europe, piling pressure on the EU’s new Commission to deliver an ambitious European Green Deal after it takes office next month, euractiv.com reads. The resolution was adopted by 429 votes in ...
The BRUA pipeline, among the priority projects in the domain of energy of the Initiative of the Three Seas
Thursday, November 28, 2019
The project of the BRUA pipeline,phase 1 and 2, and the transport infrastructure the Black Sea – Podisor are the priority projects of the Initiative of the Three Seas (I3M) in the domain of energy and for the future, there will also be the retechnologisation of the storage houses according to the ministry of energy and economy.‘Today the 27th November, there was the reunion between the representatives of the ministry of energy, economy and business ...
PM Orban: The situation which energy area got to risks creating serious damages to Romanian economy
Thursday, November 28, 2019
The situation which the energy area got to, because of the "aberrant measures of the Social Democratic Party (PSD) governments, risks creating serious damages to the Romanian economy," Prime Minister Ludovic Orban has stated on Wednesday.When asked, at the end of an event which took place at the Bucharest University of Economic Studies (ASE), when would the Government eliminate the price ceilings for gas and electricity, Orban showed that it's possible to have a ...
ENEL X LAUNCHES HOMIX, THE SMART HOME ECOSYSTEM WITH AMAZON ALEXA BUILT-IN
Thursday, November 28, 2019
The new Smart Home system for managing heating, home security and lighting is available in Amazon's online stores and through Enel X and Endesa Energia sales channels The new Enel X smart home solution that helps families save energy and simplifies their life while respecting the environment is now available in Italy and in the coming days in Spain. A single smart home solution that allows for easy management, even ...
Implico acquires Dutch cloud specialist Brainum Bundled expertise for the digitization of the oil and gas industry
Thursday, November 28, 2019
The international software and consulting company for the oil and gas sector, Implico, further expands its leading position in the tank storage market. Implico acquires the Dutch IT solutions provider Brainum. The merger brings together the innovation programs of both companies, especially in the future-looking areas of cloud and digitization. The acquisition of Utrecht-based Brainum marks a big step in the global growth strategy of Implico. ...