FP: Tarnita and the submarine cable insufficiently founded, Romgaz delays participation
###author### Franklin Templeton, the manager of Fondul Proprietatea (FP) considers that Tarnita and the Romania – Turkey submarine power cable…
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General Interest
Russians take over for 5 billion euro RWE`s oil and gas division
L1 Energy, the investment vehicle of Russia’s fourth-richest man Mikhail Fridman, agreed to buy RWE AG (RWE)’s Dea oil and…
Romania and Europe`s alternatives to Russian gas
###author### It will take at least three or four years to explore Romanian shale gas, professors in charge with a…
Donations worth EUR30 mln., used for three environment protection programs
Three environmental programs will be developed in Romania through a grant of 30 million euros obtained in the Financial Mechanism…
Need to accelerate hydrocarbons exploring: Chevron, Exxon, OMV held talks with presidency
President Traian Basescu yesterday’s meeting with leaders of Western oil companies – Chevron , ExxonMobil and OMV is not at…
The changes are changing: Economy wins partially the control on Department of Energy
According to an Executive Ordinance (EO) approved Wednesday, the Economy Minister, Constantin Niță, will coordinate the economic policies of the…
Public debate for the Romanian national energy strategy
The new Minister for Energy, Razvan Nicolescu, launched a public debate on the development of the national energy strategy of…
President Băsescu meets today the management of Chevron Europe , ExxonMobil and Petrom
President Băsescu meets today the general manager of Chevron Exploration and Production Europe , Derek Magness , head of state…
Dobra, Alro: Provision of decreasing the aquisition of GCs by 85% affects 200 companies
###author### The aluminum producer Alro Slatina (ALR) is losing USD 15,000 per hour and will last only a few months…
Băsescu: new excise on fuel is useless, the pole tax will be reformulated, it brings 1.5 bln. lei
###author### President Traian Băsescu reiterated the view according to which the additional excise duty on fuel is unnecessary, since the…
Government presents IMF an unrealistic term for Hidroelectrica`s IPO
###author### The last scenario of the government’s 15% stake listing of Hidroelectrica is overly optimistic or unrealistic, as it presents…
FP`s SPO in London by the year-end, the Fund sells shares in Petrom and Conpet
###author### Fondul Proprietatea (FP) will have its SPO (secondary public offering) on the London Stock Exchange (LSE) by the end…
CE Oltenia did not succeed selling energy of 20 mln. euro on exchange due to lack of demand
###author### The coal and electricity poroducer Complexul Energetic Oltenia (CEO) on Wednesday failed to sell energy of 90.67 million lei…
Transelectrica: Renewable energy production capacity reached 4,412 MW
Renewable energy projects reached a total capacity of 4,412 MW at the end of January 2014 , according to Transelectrica.…
Fondul Proprietatea will sell at least 4% more of OMV Petrom for a minimum of 216 mln. euro
###author### Fondul Proprietatea will possibly sell more than 4% of OMV Petrom, a similar transaction at the end of last…
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…
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…