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Energy & Environment
Hollande boosts COP21 climate finance efforts
Thursday, October 1, 2015
The French leader has promised an extra €2 billion per year to finance the fight against climate change in the Global South. EurActiv France reports. France has pulled out all the stops in its effort to boost the level of international ambition ahead of the United Nations Climate Conference, which will take place ...
EurActiv: America is leading the CO2 reduction game
Thursday, October 1, 2015
Europe needs to incentivise carbon capture and storage technology if it to keep up with the Americans on CO2 emissions reduction, argues Chris Davies.(Chris Davies is a British Liberal Democrat politician and a former MEP.) When you are doing as well as the European Union is in curbing CO2 emissions, it's easy to mock the Americans. EU negotiators representing 500 million people will go to December's UN climate change conference in ...
Searches at companies in field of wind energy
Thursday, September 24, 2015
The National Anticorruption Directorate (DNA) Suceava prosecutors started to make searches at headquarters of two companies in Bacau county with activities in the field of wind energy in a case about suspicions on embezzling European funds with prejudices of 2 ...
Electrica schedules investments of 715 million euros until 2018
Thursday, September 24, 2015
Electrica scheduled investments of 121 million euros for this year and over 715 million euros until 2018, the company announced on Tuesday. “On one hand we need important investments in the distribution segment, while on the other hand we already have modernization projects for improved efficiency and increasing service quality,” said the general manager of the company, Ioan Rosca in a press release. Electrica ...
First Biogaz completed a biogas station in Ardud Romania
Thursday, September 24, 2015
First Biogaz SRL, a member of Biogest Austria, completed a biogas station in Ardud, Satu-Mare county Romania, using a loan obtained from the Romanian Commercial Bank (BCR), shows a press release from energynomics.ro. “The biogas station – an investment worth about EUR5.3 million – has an installed capacity of 1.5 MW and the electricity generated can cover energy needs for approximately 4,500 households. From the leadership of ...
GDF Suez Romania changes name to Engie
Thursday, September 24, 2015
French energy group GDF Suez changes its name to Engie in Romania, part of the international rebranding process announced in April this year. In Romania, GDF Suez Romania will first change the name of its own products and services, and will later apply the rebranding process to all the group’s subsidiaries in Romania, such as Distrigaz Sud Retele, Distrigaz Confort, Braila Winds, and Alizeu Eolian. Engie has almost 152,000 ...
Reuters: Romgaz steps up conventional gas, no shale hunt for now
Thursday, September 24, 2015
Romania's biggest gas producer Romgaz does not plan to tap shale gas exploration in the next few years, but will invest heavily in conventional wells using its existing financial resources, it said on Tuesday. "We always stressed our base activity is conventional exploration, there are many things to do here, on the other hand as a perspective, it would be good to find out (the country's) non-conventional potential," Romgaz's ...
OMV Petrom, listed on the London Stock Exchange
Thursday, September 24, 2015
OMV Petrom's listing on the London Stock Exchange can favour and even speed up the process of cutting the stake held by Fondul Proprietatea (FP) in Petrom, given that the proposal came from the Fund, Ovidiu Dumitrescu, deputy managing director of broker Tradeville told Agerpres on ...
Chinese company to hold 51% of the joint-stock company to build Units 3 and 4 of Cernavoda nuclear plant
Thursday, September 24, 2015
Romania's state-owned Nuclearelectrica Company (SNN) will contribute two million euros to get 49 percent of the joint-stock company (JVCo) that will build Units 3 and 4 of the nuclear power plant in Cernavoda; China General Nuclear Power Corporation (CGN) will have 51pct, according to a Memorandum of Understanding on the development, building, operation and decommissioning these ...
Prahova County Court cut Lukoil frozen assets by 800 million euros
Thursday, September 24, 2015
Prahova County Court on Tuesday cut by more than 800 million euros the value of the assets seized in the Lukoil case, after having admitted the claims lodged by Ploiesti-based SC Petrotel Lukoil and the Netherlands-based SC Lukoil Europe Holdings Bvatrium; the ruling is ...
Investments in biomass represent a great opportunity for Romania
Thursday, September 24, 2015
Investments in biomass represent a great opportunity for Romania, and the efforts of relevant authorities will focus on encouraging such investments, especially since there are no more requests for investments in wind energy, the National Energy Regulatory Authority (ANRE) President Niculae Havrilet told a Thursday's conference on energy ...
Price of natural gas could drop on July 1 2016 by up to 10pct
Thursday, September 24, 2015
The price of natural gas could drop on July 1 2016 by up to 10pct, following the international evolution of the tariffs, National Energy Regulation Authority (ANRE) President Niculae Havrilet said on Thursday. "For now, as consumption has ...
Deloitte study: Increasing differences in royalties and similar taxes applied to the oil sector in Romania vs the European average
Thursday, September 24, 2015
Deloitte has updated, at the request of Oil and Gas Employers’ Federation, the comparative study of royalties and similar taxes applied in Europe to upstream activities (crude oil and natural gas exploration and production) to include legislative and market developments during 2014. Similar to the first edition of the study, which compiled figures for 2013, Deloitte calculated the effective level of royalties and similar taxes based on publicly available data, ...
Inaugural Romania Oil & Gas Summit to Take Place March 2016
Thursday, September 24, 2015
Dates have been announced for the first Romania Oil & Gas Summit (ROGS), which will be patronised, hosted and developed in conjunction with Romania’s Ministry of Energy, Small and Medium-Sized Enterprises and Business Environment. ROGS which will take place 16-17th March 2016 in Bucharest, will be the only event to focus entirely on the role Romania is currently playing and more importantly, can potentially play in the regional ...
Minister Gerea: The memo for the reactors 3 and 4 in Cernavoda, finalised in a few weeks
Thursday, September 17, 2015
The Romanian authorities and the Chinese investor selected for the building of reactors 3 and 4 at the nuclear power station in Cernavoda will finalise in two-three weeks the memorandum which supports the contract, stated in an interview for Mediafax the minister of energy, Andrei Gerea. Seven years ago, Nuclearelectrica had six foreign investors interested in the construction of the reactors 3 and 4 in the nuclear power station in Cernavoda. At ...
Andrei Gerea: the Hunedoara Energetic complex can get into insolvency at moment
Thursday, September 17, 2015
The Hunedoara energy complex can get into insolvency any moment, taking into consideration the difficult situation of the company and the high number of requests stated in an interview for Mediafax the minister of energy Andrei Gerea who says that this should not worry anybody. He also says that a consultant was employed for a plan of restructuring and to find solutions for the coming back of the company. ‘Let’s see ...
Hidroelectrica completes longest water transport tunnel after 1984
Thursday, September 17, 2015
Hidroelectrica has completed the longest water transport tunnel after 1984, of 16.7 km that starts at Basca Mare and ends at Nehoiasu that will generate an additional 171.8 GW of power a year Hidroelectrica's official receiver Remus Borza said Thursday, when the last front of the canal was drilled.'This is the third water transport canal in Romania after the Lotru Ciunget of nearly 18 km and Raul Mare Retezat, 17.6 km. Works started here in 1981 and, after so many years of ...
The national energy system might face its most serious crisis in the past two decades
Thursday, September 17, 2015
Romania's national energy system might face its most serious crisis in the past two decades because of market distortions as a result of unfair competition among producers who, in their quest for market share, use unorthodox methods, Director General of the Oltenia Energy Complex Laurentiu Ciurel said ...
ANRE : a minimum storage level of 1.7 billion cubic meters of natural gas for this winter
Thursday, September 17, 2015
The National Energy Regulatory Authority (ANRE) has set a minimum storage level of 1.7 billion cubic meters of natural gas for this winter, ANRE president Niculae Havrilet announced at a specialized conference on ...
Primary energy resources rose in the first seven months of 2015 by 3.2pct
Thursday, September 17, 2015
The primary energy resources rose in the first seven months of 2015 by 3.2pct and electricity ones increased by 6.9pct year on year, the National Institute of Statistics (INS) informed on ...