Alro: Share of green certificates increased by 17%, leads to production and staff cuts
###author### Following the increase of green certificates quota by 17%, the aluminum producer Alro will develop a plan for the…
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General Interest
Panfora Oil & Gas: no shale gas operations, no hydraulic fracturing at Curtici
###author### Panfora Oil & Gas, a MOL group company, reaffirms it will not explore, or exploit shale gas in the…
EC: OPCOM and Transelectrica fined by 1 mln. euro for discriminating the energy traders
###author### The European Commission (EC) has fined energy exchange OPCOM and Transelectrica by 1 million euros for abusing of dominant…
Gas producers in US will export to Europe to reduce dependence of Russia
Russia’s military intervention in Ukraine is bolstering the case for easing restrictions on exports of the U.S.’s booming natural gas…
Erste, BCR and EBRD finance by 76 mln. euro the 200 mln. euro STEAG wind project
###author### Erste Group, together with the Romanian Commercial Bank (BCR) and EBRD announced that they will provide the funds needed…
NIS invests 15-20 mln. euro into stations, conventional exploration may reach 160 mln.euro
###author### NIS, a Gazprom Neft subsidiary, will invest 15-20 million this year into the local network of filling stations, while…
R. Nicolescu (Department for Energy): From Production towards Energy Efficiency
Romania must change the paradigm based on electricity production with one focused on energy efficiency and reduced consumption, said Răzvan…
Ukraine demands int`l help for nuclear plants while Gazprom warns on changing gas price
###author### Ukraine’s parliament called for international monitors to help protect its nuclear power plants as tension mounted with Russia, Reuters…
CIR demands the natural gas ”basket” removal for the eligible consumers
###author### More than 96% of the gas import quota is ensured by industrial consumers, a fact that led to a…
Nuclearelectrica reported a profit of 417.37 mln. lei for 2013, under the estimated earnings
###author### Nuclearelectrica (SNN ), the sole operator of nuclear power plants in Romania, reported last year a preliminary profit of…
Prospecţiuni revenues increased by 20.5% last year to 415.4 million lei
###author### Geophysical and geological services company Prospecţiuni Bucharest, controlled by the businessman Ovidiu Tender , reported revenue last year of…
Romgaz sales rose 1.5% last year to 881 mln. lei, profit fell 17% to 211 mln.euro in 2013
Natural gas producer Romgaz (SNG ) turnover increased by 1.5 % last year to 3.89 billion lei (881.2 million euro…
Hidroelectrica is back in insolvency
Hidroelectrica reenters insolvency after several energy traders have won their appeals in the Bucharest Court of Appeal. The energy traders…
Britain creates new oil and gas regulator to tackle falling output
Britain said it would create a new oil and gas regulator which will help UK explorers speed up their search…
GfK: CEZ, the most rapid operators, GdF Suez, appreciated for the quality of the response
###author### CEZ call center operators are most rapid in answering customers, GdF Suez occupies the first place in the quality…
Lungu, AFEER: The OTC launched on March 3, closer to western standards
###author### The centralized market with dual continuous negotiation PC OTC (over- the- counter) will become operational on March 3, 2014,…
Ciurtin&Associates represented a photovoltaic project worth 105 mln. euro
The legal and consulting firm Ciurtin&Associates has successfully provided all of the legal procedures involving the development of one of…
Tesla to raise money for car cell factory
Elon Musk, chief executive of Tesla Motors, indicated that he is planning to use the electric car company’s soaring share…
EBRD finances GIR by 5 mln. euro, confirms 20% buy in TEL bonds
###author### European Bank for Reconstruction and Development (EBRD) confirms it bought 20% of the first bond issuance of Transelectrica (TEL),…