Power and Utilities Q2 Global Deals Reached USD 33 billion
Q2 2013 emerged as an exciting quarter for the global power and utilities (P&U) sector. While volume remained flat, there…
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The largest US bank is being investigated for manipulating power prices
US Department of Justice decided to investigate JP Morgan bank under the accusation it gamed the prices in the electricity…
Increased Profits for the State Energy Giants Ahead Stock Exchange Listings
Only three of the energy companies entered the top 10 most profitable companies listed on Bucharest Stock Exchange, based on…
Transgaz and OMV lend 7.5 million euros to Nabucco
Romanian state-run natural gas transporter Transgaz and Austrian oil and gas company OMV AG will provide a loan of up…
OMV pays a record 2.65 billion dollars for Statoil North Sea oil fields
Norway’s Statoil has sold to OMV 19 percent of Gullfaks oil field, 24 percent of Gudrun and agreed optional cooperation…
Exports of U.S. oil,gas and coal have doubled in the last three years
US exports of petroleum and petroleum derivatives, natural gas and coal have doubled in the last three years, reaching 110.2…
Atlas Copco Buys British Vacuum-Pump Maker Edwards for $1.2 Billion
Swedish engineering group Atlas Copco said on Monday it would acquire British industrial technology firm Edwards Group for up to…
Romania may use its relationship with Poland for the regional integration of its gas market
###author### Romania has the benefit of having a balanced energy mix, and the perspectives for development of an enlarged pool…
energynomics.ro Enters Partnership with BRIDGE to Encourage British-Romanian Businesses
All the editorial content available on www.energynomics.ro will be even more accessible for the British companies after partnership that will…
OMV Petrom to turn into oil storage facilities a part of Arpechim storage installations
OMV Petrom CEO Mariana Gheorghe said the company will transform a part of Arpechim Pitesti refinery in an oil deposit.…
Coal-based power plants remain the preferred power producers for the world’s major economies
###author### States and international organizations have recently made announcements that they decided to withdraw their support for the operation or…
OMV Petrom’s First-Semester Net Income Increases 18 Percent; Sales fall 5 Percent
OMV Petrom SA, Romania’s biggest oil company, said its first-semester profit rose 18 percent because of stable production. Net income…
OMV Petrom close to start preliminary works at Skifska field
A Ukrainian senior official says that a production sharing agreement (PSA) could be signed in the next three months to…
Over 4 million RON loss for Oil Terminal in the first semester
The state-own company Oil Terminal Constanța ended first semester with a turnover of RON 48.9 mln, down 7,2% compared with…
Work in Progress for TAP and the Shah Deniz Consortium
Trans Adriatic Pipeline (TAP) has submitted its Environmental and Social Impact Assessment (ESIA) to the Ministry of Energy, Environment and…
Petroceltic to spud exploration well offshore Romania
Beach Energy announced that its partner Petroceltic is planning to spud the 01RX Cobălcescu South exploration well in Block EX-28, offshore Romania, during…
Energy for the next generation – a meeting with young Romanian experts in energy
[one_half]Energy strategy, renewable resources, independence and energy security are dominant themes nowadays and they are here to stay for long…
David Cameron pushes on shale gas’ benefits for communities
Britain would be “making a big mistake” if it did not seriously consider fracking and the prospect of cheaper gas…