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Energy & Environment
Oettinger feels the heat over climate remarks
Thursday, February 13, 2014
Pressure is growing on the German energy commissioner, Günther Oettinger, over remarks he made at a BusinessEurope conference last week criticising the EU Commission's 2030 climate and energy package, which he himself helped to design and ...
9th Deepwater China Convention 2014 Asia’s Premier Deepwater Conference
Thursday, February 13, 2014
According to Offshore Energy Today, CNOOC has an extensive exploration program this year and plans to drill roughly 155 exploration wells and acquire approximately 26.7 thousand kilometers of 2-Dimensional (2D) seismic data as well as approximately 19.4 thousand square kilometers of 3-Dimensional (3D) seismic data. Within the year, CNOOC will continue to strengthen the deepwater exploration. In 2014, the Company is targeted to a reserve replacement ...
2nd Asia OSV Summit 2014 will be held in June
Thursday, February 13, 2014
CDMC Events will be presenting the 2nd Asia OSV Summit 2014 on June 19, 20, 2014 in Shanghai, China. It will focus on Commercial Trends and Opportunities of Asian OSV Industry in 2014, Overview of Operating in Asia Pacific, Outlook of the New Opportunities and Challenges of Side of OSV Owners, Supply Chain Management: Global Cooperation and Subcontracting Production, New Generation of OSV Technologies Innovation and OSV Finance and ...
Eurasia Should Make the Most of Its Natural Resources, Says World Bank
Thursday, February 6, 2014
Having natural resources does not have to be a curse, it can be a blessing if the countries ensure proper management of revenues from natural resources, invest earnings in building up physical and human capital, and improve institutions, says the World Bank’s newly-released report “Diversified Development: Making the Most of Natural Resources in ...
IMF: Gas market for industrial consumers fully liberalized by midyear
Thursday, February 6, 2014
The deregulation of the gas market for industrial consumers will be completed by midyear 2014, earlier than expected, the head of the International Monetary Fund (IMF) mission in Romania Andrea Schaechter said on Tuesday at the press conference closing her visit to Bucharest.Romania has fulfilled its commitments concerning the deregulation. As regards the electricity, the market has been already deregulated since January 1 for ...
Energy minister-delegate: Romania to ship natural gas only after domestic production covers national demand
Thursday, February 6, 2014
Romania will ship natural gas only after the national demand is covered by the domestic production, Minister-delegate for Energy Constantin Nita said in an interview with Agerpres.He stressed the Romanian gas exports will be possible only depending on the demand in the domestic market and meeting the national consumption is a priority, or else Romania will be forced to get larger volumes of natural gas from import.As regards the timeframe for the ...
The government wants to give state aid of 174 million lei this year for the closing down of some mines
Thursday, February 6, 2014
The government wants to give this year to the National Company for the closing down of mines in Valea Jiului Petrosani a state aid of 173.9 million lei ( 39 million euro) to facilitate the closing down of the non-competitive coal mines The sums will be alloated completely from the state budget, according to a draft government ...
Implementation stage completed of 17-m euros worth project on building Renewable Energy Research Institute
Thursday, February 6, 2014
Timisoara-based (western Romania) 'Traian Vuia' Polytechnic University (or UPT) has recently completed the implementation stage of the project on building the first Renewable Energy Research Institute (ICER) in Romania, worth more than 17 million euros, by using European funds.'In the context in which energy is among the major problems of the humankind nowadays, of course that an institution such as the UPT cannot remain indifferent to what happens in our world. ...
Bogdan Aurescu in Georgia highlights necessity of operationalization of AGRI interconnector
Thursday, February 6, 2014
The State Secretary of the Foreign Ministry Bogdan Aurescu highlighted the necessity of the operationalization of the Azerbaijan - Georgia - Romania - Hungary Interconnector (AGRI), during consultations in Tbilisi (Georgia) with the First Deputy Foreign Minister David Zalkaliani.According to a release of the Ministry of Foreign Affairs (MAE), State Secretary Bogdan Aurescu paid a visit to Tbilisi on Wednesday and Thursday (January 29 - ...
Oltenia Energy Complex and EBRD sign funding agreement for modernising Turceni thermal plant
Thursday, February 6, 2014
Oltenia Energy Complex and the European Bank for Reconstruction and Development (EBRD) on Thursday signed the funding agreement for modernising group 6 of Turceni thermal power plant, after one-year long negotiations.The loan stands at almost 200 million euros and did not require state guarantees, Complex Managing Director Laurentiu Ciurel told the press conference organised on the occasion of the agreement signing.'The ...
Electrica, Hidroelectrica and Oltenia Complex to be listed on stock market in June
Thursday, February 6, 2014
The stock market listings calendar agreed with the International Monetary Fund has not been changed, so Hidroelectrica, Electrica and Oltenia Energy Complex (CEO) will be listed on the stock market in June, the Minister for Energy Constantin Nita declared on Thursday, upon signing a financing contract between CEO and the European Bank for Reconstruction and Development.'There is no delay in the listing schedule, but let's wait and see ...
ExxonMobil, Petrom hold exploration and production license for Midia Deep area
Thursday, February 6, 2014
ExxonMobil Exploration and Production Romania Ltd and OMV Petrom S.A. became the holders of an exploration and production license for the deep-water Midia block in the Black Sea, with Gas Plus retaining 15 percent of this perimeter, after the Government approved the transfer of the license from the Canadian company Sterling Resources, according to a joint press release.'ExxonMobil Exploration and Production Romania Limited, OMV Petrom ...
Oettinger feels the heat over climate remarks
Thursday, February 6, 2014
Pressure is growing on the German energy commissioner, Günther Oettinger, over remarks he made at a BusinessEurope conference last week criticising the EU Commission's 2030 climate and energy package, which he himself helped to design and ...
Romgaz natural gas production, withdrawals from storage exceed daily scheduled amounts
Thursday, January 30, 2014
The production of national gas company Romgaz and withdrawals from storage facilities exceeded the daily amounts programmed for this period, informs a release of the state-owned company.'As far as the situation of stored natural gas is concerned, on January 29 the volume of natural gas in Romgaz storage facilities is higher than that registered on the same date of 2013. ...
Natural gas imports, tripled these days
Thursday, January 30, 2014
Natural gas imports have tripled these days, compared to a normal winter period, for the gas supply to population and industry to remain balanced, with the Gas Dispatch Centre being currently on alert, sources with the Dispatch Centre told Agerpres on Wednesday.However, they warned that problems can occur any given moment, as the domestic gas production and extraction from ...
EC might withdraw Third Energy Package case against Romania at CJEU (official)
Thursday, January 30, 2014
The European Commission might withdraw its case against Romania at the Court of Justice of the European Union (CJEU) if the country fully implements the norms of the Third Energy Package, the Government Agent for this Court Razvan Horatiu Radu alleges. 'There are two infringement procedures against Romania brought before the CJEU for failing to implement two directives in the ...
EU sets out ‘walk now, sprint later’ 2030 clean energy vision
Thursday, January 30, 2014
The European Commission set out its goal Wednesday (22 January) of a Europe which, by 2030, emits 40% less carbon dioxide than it did in 1990, uses renewables for 27% of its energy, and employs a reserve mechanism to regulate its carbon ...
KazMunayGas head: Memorandum with Rompetrol, important step in boosting Romania-Kazakhstan ties
Thursday, January 30, 2014
The adoption of the memorandum between the Romanian State and Oil Group Rompetrol is an important step in boosting the Romania - Kazakhstan relations, said Sauat Mynbayev, the managing director of KazMunayGas, Kazakhstan's national oil and gas company, which is the sole shareholder of the Rompetrol Group.Sauat Mynbayev met in Bucharest on Monday with Romanian Prime Minister Victor Ponta.According to a release the company sent on Tuesday, Sauat Mynbayev ...
Minister Nita: Romania can play important role in providing electric energy to Southeast Europe
Thursday, January 30, 2014
Romania should play an important role in Southeastern Europe as an electric energy provider, considering that, following the shutting down of various plants and big production units, the system records an energy surplus, Minister-delegate for Energy Constantin Nita said in Cluj-Napoca (central-western Romania) on Monday. 'We have a surplus of electric energy because of the fact that both the industrial consumption and the household consumption in Romania have been ...
Romania's renewable energy capacity surges 82% in 2013
Thursday, January 30, 2014
The production of renewable energy in Romania reached record levels at the end of last year, when the overall capacity of existing projects in the energy system attained 4,255 MW, a 82% increase compared to the end of 2013, according to data of the Romanian Energy Regulatory Authority (ANRE).Namely, on December 31, 2013, wind energy projects totalling 2,503 MW, photovoltaic projects of 1,155 MW, biomass capacities of 65 MW, and hydro ...