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Energy & Environment

Romgaz will supply 50% of the gas production at capped price and OMV Petrom -35%

Thursday, April 25, 2019

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The National Authority for  Regulation in Energy (ANRE) established the quantities of gas which have to be supplied by the producers at capped ;price of 68 lei/MWh to household consumers and thermo power units which deliver thermal agent to the population between 1 May 2019 and 31 March 2020.Thus, according to the decision ANRE, Romgaz will deliver at a regulated price of 24.2TWh ouf of which 16 TWh to the population and 8.,2 TWh to CETs.At the ...

ANRM: between 2008-2017 the state lost 3 billion dollars due to the lack of updating the price of natural gas

Thursday, April 25, 2019

The maintenance of the key price for natural gas by the National Agency for Mineral Resources (ANRM) at a level which was not updated for a period of 10 years, between 2008 and 2017 led to losses in the state budget worth 3 billion dollars, stated on Thursday DorinUrsarescu, the adviser of the ANRM chairman.‘In October 2017, when the new leadership of ANRM took over the position, we noticed things which were very serious. The first thing was the fact that ...

The minister of energy: Closing down the non-competitive mines is a programme assumed by Romania

Thursday, April 25, 2019

Closing down the non-competitive mines is a programme assumed by Romania eight years ago and aims at the mines which raise important issues for the environment and  economic efficiency, consider the representatives of the ministry of energy (ME).‘Closing down the non-competitive mines in Romania is a programme assumed by our country eight years ago, namely in 2011 and altered by the Ciolos cabinet (2016)through the inclusion of two new mines on the list ...

OMV Petrom, investments of RON 4.17 billion in 2019

Thursday, April 25, 2019

OMV Petrom shareholders approved an investment budget of RON 4.17 billion for 2019, from which a large part will go to the upstream segment. “The Ordinary General Meeting of Shareholders approved OMV Petrom SA’s budget for 2019. It is estimated that the investments in 2019 will reach approximately RON 4.17 billion. Most of the allocated amount of about RON 3.42 billion, 82 percent of the upstream investment will partially offset the natural ...

Nuclearelectrica approved dividends of RON 378.9 million from 2018 financial results

Thursday, April 25, 2019

Nuclearelectrica shareholders approved the distribution of dividends totaling RON 378.9 million, the gross dividend per share being RON 1.2567, according to a press release sent to the Bucharest Stock Exchange (BVB). The gross dividend value is RON 378.914 million and the gross dividend per share is RON 1,25670615, with the dividend payment date of June 28, 2019. However, the shareholders rejected the proposal to distribute the amount of RON 438.625 ...

Construction site of BRHA gas pipeline, blocked by archaeological find

Thursday, April 25, 2019

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Works on the Bulgaria-Romania-Hungary-Austria (BRHA) pipeline that will supply the four countries with the Black Sea gas risk being blocked in Gorj county, Romania, where several archaeological sites have been uncovered. Transgaz, the operator of the national natural gas transmission system in Romania, announced ...

Energy Complex Oltenia signs financing contracts for RON 500 million with 6 banks

Thursday, April 25, 2019

The Energy Complex Oltenia signed financing contracts with six banks for loans totaling RON 500 million, necessary for the payment of the pollutant emission certificates, said Sorin Boza, president of the company’s Directorate at the Energy Forum. “We signed the contracts on Friday, and I think it’s a success because the process was very difficult due to the fact that we negotiated with each of the six banks. Funding applications have ...

Gloria Offshore Oil Platform, drilling gas for 43 years, to be decommissioned on 1 May

Thursday, April 18, 2019

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The Gloria Offshore Oil Platform, which has been drilling gas from the Black Sea since 1976, will close its activity on 1 May and will be decommissioned and scrapped, said on Wednesday Sorin Gal, Director General of the National Agency for Mineral Resources (ANRM) at the Energy Forum, organized by Financial Intelligence."The first [oil] explorations in the Black Sea began in the 70's. The drilling in the Istria perimeter, at the renowned Gloria oil rig started in ...

OMV Petrom opens new Polyfuel unit at Petrobrazi, producing gasoline and diesel

Thursday, April 18, 2019

OMV Petrom has opened the new Polyfuel unit within Petrobrazi refinery, using an innovative technology to convert LPG and low-grade light gasoline into high-value petroleum products – gasoline and diesel. This unit is the third of its kind worldwide and the first to convert low-grade light gasoline, as well, not just LPG. ”The new Polyfuel unit brings the state-of-the-art technologies used in the petrochemical and refining industry to the ...

EU Council approves stricter carbon dioxide emission standards for cars, vans

Thursday, April 18, 2019

The Council of the European Union approved stricter carbon dioxide emission standards for cars and vans on Monday, thus being closer to achieving its climate targets, the Ministry of Transport announced on Monday."The EU makes road transport cleaner by setting new strict carbon dioxide emissions standards for cars and light commercial vehicles. Thus, the EU will be closer to achieving its climate goals and ensuring that car makers contribute to efforts to reduce ...

BSOG receives Gov’t approval for the Field Development Plan for the Ana and Doina gas fields

Thursday, April 18, 2019

Black Sea Oil & Gas SRL (BSOG) together with its co-venture partners, Petro Ventures Resources SRL and Gas Plus International B.V. announce that, following the taking of FID on February 6, 2019, they have now received the approval from the Romanian Government through the National Agency for Mineral Resources (ANRM) for their Field Development Plan (FDP) for the development of the Ana and Doina natural gas fields which make up the Midia Gas Development Project (MGD ...

MOL Group to acquire Aurora, a recycled plastic compounder with production plants for the automotive industry

Thursday, April 18, 2019

MOL Group singed a sales-purchase agreement to acquire Aurora Group, a recycled plastic compounder with production plants located nearby automotive plants and plastics conversion clusters in Baden-Wurttemberg, Germany. The acquisition is in line with the company’s 2030 Strategy to extend petrochemical portfolio with higher value-added products. Aurora is a medium-size German company, headquartered in Neuenstein, with a unique and lean closed loop ...

PRIMARY ENERGY RESOURCES DURING 1.I.–28.II.2019

Thursday, April 18, 2019

During 1.I – 28.II.2019, primary energy resources increased by 0.5%, while those of electricity decreased by 6.0% as compared to the same period of previous year. The main primary energy resources during 1.I.-28.II.2019 amounted to 5866.7 thousand tonnes oil equivalent1 (toe), increasing with 26.7 thousand toe as against 1.I.-28.II.2018. Domestic production amounted to 3346.1 thousand toe, decreasing with 141.0 ...

Gazprom-owned company finds oil in Romania, aims to begin production later this year

Thursday, April 18, 2019

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Nis Petrol Romania, a company indirectly owned by Russian giant Gazprom, has confirmed for e-nergia.ro that it has found oil in western Romania. Nis has already signed an agreement with Conpet to retrieve and deposit the oil for testing and will begin experimental ...

Government: state aids for closing down the non-competititve mines in the CE Hunedoara and Valea Jiului

Thursday, April 11, 2019

The government approved on this Wednesday the granting of state aids for the closing down of the non-competitive coal mines in the Complex Energetic Hunedoara and the Societatea Nationala de Inchideri Mine Valea Jiului SA announced on Wednesday the spokesperson of the government Nelu Barbu. ‘The government approved two government decisions, at the proposal of the ministry of energy, regarding the approval of granting state aids  to ...

11 EU countries snub Romanian Presidency’s gas declaration

Thursday, April 11, 2019

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The European Commission, backed by 11 EU member states, refused to sign a declaration on “sustainable and smart gas infrastructure” tabled by the Romanian Presidency earlier this week because the text wasn’t ambitious enough on climate change, EURACTIV.com has learned. The declaration was inked by 17 EU member states plus Norway, Switzerland and Lichtenstein, at the conclusion of a two-day informal meeting of EU energy ministers in ...

Total group supports 3 Romanian startups selected through national challenge

Thursday, April 11, 2019

The local subsidiary of the French energy group giant Total has selected 3 Romanian startups through a national competition and will support them financially. The jury of local experts selected the winners of the 2018-2019 Startupper of the Year by Total Challenge in Romania. The three winners of the Startupper of the Year by Total Challenge in Romania that were awarded in a dedicated ceremony held last month ...

Frank Hajdinjak, E.ON Romania: Not enough calculation and selling methods have been developed on the market

Thursday, April 11, 2019

Frank Hajdinjak, the CEO of E.ON Romania, took part in the Energy panel of BR’s Tax & Law Conference on Tuesday and talked about the functioning of the natural market: “After April 1 2017 we saw a price liberalization, not a market liberalization. The acquisition price was affected.” Speaking about OUG 114 and the effects it has in the gas industry players, he said that the main consequences will be not be o the profit side, ...

Rompetrol refinery plans to reach profit in 2019

Thursday, April 11, 2019

Rompetrol Rafinare, the company that operates the largest oil refinery in the country - the Petromidia refinery on Romania’s Black Sea coast, expects to break even and move in the black this year, amid new operational records that will lead to higher sales mainly driven by exports. Rompetrol Rafinare targets USD 5 billion sales, USD 192 million EBITDA and USD 51.2 million net profit from refining and petrochemicals at both refineries, Petromidia ...

Energy security at risk due to lack of investment, says unqualified motion against energy policies

Thursday, April 11, 2019

The opposition National Liberal Party (PNL) has tabled with the Chamber of Deputies an unqualified motion called "SOS energy sector! PSD and ALDE lead Romania to darkness!" that reads the party's concern about the situation in this area, arguing that energy prices have increased, with the country's energy security being at risk mainly due to a lack of investment."PNL is deeply worried about the situation of the energy sector. Energy prices have increased a lot in ...

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