RSS
Energy & Environment
Natgas producer Romgaz H1 net profit falls
Thursday, August 18, 2016
The net profit of Romanian natural gas producer Romgaz [BSE:SNG] fell 19.7% on the year to 615.3 million lei ($154 million/138 million euro) in the first half of 2016 due to a decline in natural gas demand, seenews.com reads. The company’s performance was mainly influenced by the decrease of natural gas demand on the Romanian market by approximately 6%, Romgaz said in its first-half financial ...
Romania imported in H1 of 2016 crude oil totalling 3.732 million tonnes of oil equivalent
Thursday, August 18, 2016
Romania imported in the first six months of 2016 a quantity of crude oil totalling 3.732 million tonnes of oil equivalent (toe), 510.500 toe (15.8%) more than the amount imported in the similar period of last year, according to data centralized by the National Institute of Statistics ...
Vast Resources encouraged by drill results from Romania
Thursday, August 18, 2016
Vast Resources PLC (LON:VAST) has reported similar ...
Romania to host inaugural natural gas transit line capacity auction
Thursday, August 18, 2016
Romania is to hold next month its first ever capacity auction on a key natural gas transit pipeline, as a legacy contract held by Russia’s Gazprom expires, icis.com reports. In one fell swoop, Turkish and Balkan shippers will be able to obtain capacity from Ukraine directly to ...
Romania’s Nuclearelectrica turns to loss in H1 on NPP
Thursday, August 18, 2016
Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant Cernavoda, said on Friday it posted a 37.8 million lei ($9.45 million/8.45 million euro) loss in the first-half of the year, as compared to a 2.9 million lei net profit in the like period of 2015, seenews.com reports. The company's first-half results were affected by the extension of the duration of the planned outage of Cernavoda NPP Unit, by lower revenues from the ...
Rompetrol Rafinare continues to increase net profit, by 23% during the first half of 2016
Thursday, August 18, 2016
Consolidated ...
KMG International, operations and results on ascending trend in the first half of 2016
Thursday, August 18, 2016
The KMG International (KMGI) Group, during the first half of this year, continued to improve its operating performances and financial results, following the outstanding performances reached in 2015 – historical records, in over 18 years after its incorporation, a statement sent to ACTMedia by the company informs. “Investments exceeding USD 1.6 billion achieved by the Group and its sole shareholder – KazMunayGas ...
Final consumption of electricity in Romania up by 10.3 pct in S1
Thursday, August 18, 2016
The final consumption of electricity in Romania stood at 27.623 billion kWh in the first six months of 2016, 10.3 percent higher year-on-year, while the population consumption went up by 1.5 percent in the period under survey, provisional data published Thursday by the National Institute of Statistics (INS), quoted by business-review.eu. According to statistics, between January-June 2016, the primary energy ...
PRIMARY ENERGY RESOURCES DECREASED BY 0.6% IN THE FIRST HALF OF 2016
Thursday, August 18, 2016
-In the first half of 2016, primary energy resources decreased by 0.6%, while those of electricity increased, as compared to the first half of 2015, by 3.3%. Romania's H1 2016 final electricity ...
Romania's OMV Petrom H1 cons EBIT down 56% y/y, to cut investments by 20% in 2016
Thursday, August 11, 2016
Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Wednesday that its consolidated earnings before interest and taxes (EBIT) dropped 56% on the year to 561 million lei ($140 million/126 million euro) in the first half of 2016 affected by the oil price drop, and that it plans 20% lower investments for this year, seenews.com informs. The company's sales fell by an annual 17% to 7.19 billion lei in the January-June ...
1,238,183 tonnes of oil equivalent (toe) the crude oil and/or petroleum products emergency stocks în 2016
Thursday, August 11, 2016
The Government adopted on Wednesday a decision setting at 1,238,183 tonnes of oil equivalent (toe) the crude oil and/or petroleum products emergency stocks that need to be set up and maintained in 2016 under the Law ...
2,281green certificates traded in the first seven months of 2016
Thursday, August 11, 2016
The number of green certificates traded in the first seven months of this year on the Centralized Green Certificates Market was 2,281, about 15.7 times down from the 35,875 units traded in the similar period of 2015, shows data released by the electricity market operator OPCOM. A number of 71 sale and just one purchase offer were launched in July, and only one green certificate was traded for 132.4045 lei. No green certificate was traded in the similar ...
Sale of greenhouse gas emissions allowances brings state budget EUR 15.8 mln in July
Thursday, August 11, 2016
The Romanian state budget has grossed over 15.8 million euros in July, after marketing greenhouse gas emissions allowances associated to stationary installations and the aviation sector on the European Union Emissions Trading System (EU ETS), business-review.eu informs. In July over 3.3 million allowances related to stationary allowances with a value of around EUR 15.7 million. A total of 14,000 ...
Kazakh investor creating major BlackSea energy hub in Romania
Thursday, August 11, 2016
* The owners of Kazakhstan’s state oil company have warned that a probe by Romanian prosecutors that has already seized $2.1 billion in assets threatens efforts to help safeguard EU energy supplies, writes Martin Banks for eureporter.co KazMunaiGas (KGMI) says it is contributing to EU energy security by helping move Romania off Russian oil and investing billions in thedeveloping Romanian ...
Rompetrol Downstream opened two new filling stations in the first half of 2016
Thursday, August 11, 2016
KMG International, through its company Rompetrol Downstream, opened two new filling stations in the first half of the year and continued the modernization of the exiting gas stations. The sum of the investments so far has amounted $7 million,energynomics.ro informs. By the end of 2016, the company has planned to expand the network in Romania with 9 other new filling stations. The two new filling stations have an average of 15 employees each, and ...
Coal production, down by 11.8pct in the first five months of 2016
Thursday, August 11, 2016
The coal net production of Romania has totaled 1.647 million tonnes of oil equivalent (toe) in the first five months of 2016, by 11.8pct (219,800 toe), smaller than the one in the similar period of 2015, according to centralized data by the National Institute of Statistics ...
Russia-Turkey rapprochement revives Turkish Stream pipeline talks
Thursday, August 11, 2016
Turkey’s President Recep Tayyip Erdogan said on Monday (8 August) that Ankara was ready to take steps towards the implementation of the Turkish Stream gas pipeline project, EurActiv.com reports. Bypassing Kyiv, and punishing Sofia for having obstructed the construction of scrapped South Stream, the new Turkish Stream pipeline will travel across the Black Sea to the Turkish city of Ipsila, close to the Greek-Turkish ...
EU allocates €187.5 million for Finnish-Estonian gas link
Thursday, August 11, 2016
The European Commission has allocated €187.5 million for building a gas pipeline, the Balticconnector, between Finland and Estonia, the Commission said Wednesday (10 August) quoted by EurActiv.com and Reuters. The pipeline across the Gulf of Finland would link the Finnish gas grid to the Baltic States, and further to Poland, helping to create a regional gas market and ending the Nordic country’s dependence on gas imports from ...
ANRE approves Development Plan of electric transport network in next 10 years; estimated investments of 5 billion lei
Thursday, August 4, 2016
Romania?s energy regulator - ANRE approved the Development Plan of the electric transport network (RET) for the following 10 years, until 2025. Planned investments amount to 5 billion lei and do not include coupling of new users to the grid, according to a press release of Transelectrica Electric Energy Transport, posted on Bucharest Stock Exchange website. RET will be extended by the construction of new lines and upgrading of existing ...
Oil&gas exploration projects worth over USD 100 mln blocked in Romania
Thursday, August 4, 2016
The head of the National Agency for Mineral Resources, Sorin Gal, says that several exploration projects in the oil and gas sectors are blocked in Romania due to the current legal framework, business-review.eu informs. He said the the Petroleum Law has to be amended because at this moment energy companies have problems doing exploration works on private land. „Unfortunately, the law in Romania is not very clear. (…) ...