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Energy & Environment
The Romanian Energy Efficiency Forum 2017: Energy efficiency projects developed in Romania, favoured sectors and available financing solutions
Thursday, October 19, 2017
The Romanian Energy Efficiency Forum, the most important annual event dedicated to the development of sustainable energy programs, reached its fourth edition on Thursday, October 12. At the discussion table came key people in this sector, from Government representatives, specialists from project developers, large profile companies, and banks that can fund this sector. Organized by the Romanian Association for the Promotion of Energy Efficiency ...
Vast Resources posts record quarterly ore output at Romanian mine
Thursday, October 19, 2017
UK-based Vast Resources said on Monday that it has posted record ore output at its Manaila Polymetallic Mine in Romania in the third quarter of the year, seenews.com informs. This result has been unsurpassed since commissioning of the mine by Vast in August 2015, the company said in a press release. In the July-September period, the quantity of ore mined at Manaila jumped by 46% on the quarter to 40,462 dry tonnes, while ...
Havrilet: Romania does not have enough capacity for energy production
Thursday, October 19, 2017
Romania does not have enough electricity production capacities, so that when consumption increases, there are problems with ensuring the supply and security of the national energy system, romaniajournal.ro informs, Niculae Havrilet, President of the National Authority for Energy Regulation (ANRE), stated on Thursday at the hearings of the commission established to investigate the activity of the Authority. He was asked by the President of the Committee ...
Hravilet: EC warns Romania for blocking gas exports
Thursday, October 19, 2017
The European Commission sent the Romanian authorities a letter to warn that the infringement procedure against Romania for blocking gas exports could move to a new stage if Parliament approves the mandatory trading of 70 percent of gas volumes on the exchange, president of the National Energy Regulatory Authority (ANRE) Niculae Havrilet said on Thursday during hearings in the ...
Hydropower output dropped 27.3 percent in the first eight months of 2017
Thursday, October 12, 2017
Romania's hydropower output dropped 27.3 percent in the first eight months of this year to 10.19 billion kWh, while the output of thermal power plants advanced 12 percent to 18.46 billion kWh, and nuclear power output inched up 2.7 percent to 7.47 billion kWh, shows data released on Wednesday by the National Institute of Statistics ...
20 British nuclear companies chose Romania to promote their expertise in Central and Eastern Europe
Thursday, October 12, 2017
A delegation composed of 20 nuclear companies participated in Bucharest at the largest promotional event organized by the British Department for International Trade outside the UK, energynomics.ro informs. Representatives of the British Nuclear Industry Association and of the British Nuclear Decommissioning Authority have presented collaborative opportunities argued by the long tradition of the companies from the Kingdom in the commercial exploitation of nuclear ...
SOCAR launches its 39th filling station in Romania
Thursday, October 12, 2017
The Eastern Europe bureau of Report News Agency was informed in the SOCAR Petroleum SA that this is the second filling station to be launched under SOCAR brand in Brasov city, one of the Romanian tourism centers, http://news.az/ informs. Three ...
Canada's Euro Sun Mining gets $8.6 million financing for Romanian ops
Thursday, October 12, 2017
Canadian exploration and development company Euro Sun Mining said on Monday it has secured an $8.6 million (7.32 million euro) financing mainly for Romanian operations, seenews.com reads. Euro Sun closed a non-brokered private placement financing of 6,144,291 common shares at a price of $1.40 per share, it said in a press release. The company intends to use the funds for the advancement of its wholly-owned Rovina Valley project ...
Enel: consumers will control the energy market, investments în digitalisations needed
Thursday, October 12, 2017
In the future, consumers will control the energy market and companies will be able to facilitate this by investing in digitalisation, head of Enel Romania's Sustainability and Public Affairs Alessio Menegazzo said on Friday, attending the Aspen Bucharest ...
First stage of Vast Resources drilling in Carlibaba, completed
Thursday, October 12, 2017
The first 1,000 m from a total of 2,200 m of the drilling program implemented by Vast Resources in Carlibaba has confirmed the development of a new surface mine close to the mine in Manaila, romaniajournal.ro informs. The drilling of Carlibaba confirms the presence of extensive resources of polymetallic ore (copper, zinc, lead, silver and gold), which can extend the life of the Manaila mine by more than 10 years. Thus, the company can develop a new ...
Buildings law gets preliminary stamp of approval from European Parliament
Thursday, October 12, 2017
* MEPs on Wednesday (11 October) backed a revision of the Energy Performance of Buildings Directive (EPBD) after a draft report managed to win broad support from across the political spectrum in a key Parliament committee, euractiv.com reads. Members of the European Parliament’s Committee on Industry, Research and Energy (ITRE) yesterday formally adopted their position on the revised EPBD, which includes long-term national renovation ...
BSE’s largest energy companies get excellent scores in the Whitebook on Communication
Thursday, October 12, 2017
Nuclearelectrica got the maximum score in the quality of communication with investors as assessed by the Bucharest Stock Exchange marketing team, energynomics.ro informs. Except for those in insolvency or in judicial reorganization (e.g. Energopetrol, Condmag, Dafora), the energy companies have scored excellent, with Conpet, Electrica, OMV Petrom, Transelectrica, Romgaz and Transgaz getting at least 9 out of 10 points. PetrolExportImport and Oil ...
Central-Eastern European pipeline gets go-ahead
Thursday, October 5, 2017
An ambitious gas pipeline project connecting Bulgaria, Romania, Hungary and Austria received a shot in the arm on Thursday (28 September), when all of the involved parties signed a memorandum of understanding for the project, a vital part of Europe’s efforts to wean itself off Russian gas, euractiv.com reports. The four countries pledged to get the BRUA pipeline off the ground as soon as possible during the fourth Central and South ...
EC: Strengthening solidarity between Central and South-Eastern European Countries
Thursday, October 5, 2017
Commission Vice-President responsible for the Energy Union Maros Sefcovic Commissioner for Climate Action and Energy Miguel Arias Cañete and Energy Ministers from 9 EU Member States and 8 Energy Community Contracting Parties met in Bucharest and agreed to reinforce their regional cooperation, a statement released by EC reads. Cooperation under the Commission Initiative on Central and South-Eastern European Energy Connectivity (CESEC), launched ...
Vice-President of EC Sefcovic: Enhancing efficiency, best measure against energy scarcity
Thursday, October 5, 2017
Energy efficiency is the best measure in the fight against energy scarcity and will lead to curbing energy bills as well as to protecting the environment, stated on Thursday Maros Sefcovic, Vice-President of the European Commission, present in Bucharest at the CESEC (Central and South Eastern Europe Gas Connectivity) meeting. According to him, all our countries should learn how to use public budget money, from the European Union's budget, to add to ...
Commissioner Canete: independence of regulators in the energy field is essential for markets to function
Thursday, October 5, 2017
Regulatory authorities in the energy field must be independent and autonomous, in accordance with the European legislation, and the European Commission will take all the necessary measures to make sure that member states comply with their obligations in this area, European Commissioner for Energy Miguel Arias Canete told a press conference held on Thursday in ...
Reuters: OMV Petrom/Exxon to unveil Black sea gas decision next year
Thursday, October 5, 2017
Romania’s top oil and gas group OMV Petrom and Exxon Mobil are expected to announce a decision over a Black Sea offshore gas investment in early 2018, Energy Minister Toma Petcu said on Thursday, Reuters correspondent reports. “I understand they’ll unveil their decision early next year,” Petcu said. OMV Petrom currently has exploration, development and production operations in shallow water, in the ...
MOL Group Seeks Startups Offering Innovative Solutions
Thursday, October 5, 2017
Selected companies could be given an opportunity to access parts of MOL’s retail infrastructure and extensive customer base to test their innovative solutions In line with its 2030 strategy, tapping external potential will support MOL in becoming the primary source of mobility solutions in the CEE region According to the statement sent to ACTMedia, MOL ...
Official: Romania will have a national data base on mineral resources
Thursday, October 5, 2017
Romania will have a national data base on mineral resources, with the approval of the Geological Research Programme by the Government, Anca Magdalena Chiser, Secretary of State in the Ministry of Economy, told a Monday's relevant forum. "In recent years, the exploitation of Romania's resources has become the most important topic on the public agenda. The exploitation and the use of these exhausting natural resources must be done taking into account the fact ...
East West Petroleum encouraged by test results in Romanian oil and gas field
Thursday, October 5, 2017
Canada's East West Petroleum Corp said that its joint venture partner and operator in Romania, Serbian oil and gas group NIS, has reported 'encouraging' testing results for oil and gas in the Pannonian Basin of Western Romania, seenews.com informs. Naftna Industrija Srbije (NIS) has reported that testing of multiple intervals on the first well in EX-7 Periam block has been completed with encouraging results for oil and natural gas, East West Petroleum ...