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Energy & Environment

Alik Aidarbaev introduced the new CEO of the KMG International Group

Thursday, December 5, 2019

The Chairman of the Management Board of JSC NC KazMunayGas, Alik Aidarbayev, during a working visit to Bucharest, introduced the new CEO of KMG International N.V. (“KMGI”) - Beimbet Shayakhmetov, who succeeded Zhanat Tussupbekov in this position. Alik Aidarbayev said that changes in the management of KMGI are carried out as part of the management rotation procedure. Zhanat Tussupbekov was invited to work in the central office of ...

Reuters: Romania's Petrom ready to develop Black Sea gas field once government lifts barriers

Thursday, December 5, 2019

Romania’s OMV Petrom is ready to press on with a multi-billion euro investment in the giant Black Sea gas project it holds with ExxonMobil once Bucharest’s new government lifts regulatory barriers to doing so, it said on Monday. A final investment decision on tapping the Neptun deepwater block after a decade of exploration was stymied last year by changes to offshore laws and new taxes that a former, socialist-led cabinet levied on the ...

EnvirMin: Reaching emissions reduction target for 2030 requires a deep chance in the Romanian society

Thursday, December 5, 2019

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Reaching the emissions reduction target for 2030 requires a deep chance in the Romanian society, in terms of the economic behaviour and model, and we are going to initiate this change as soon as we get back home, by convoking the National Committee for Climate Change, the Minister of Environment, Waters and Forests, Costel Alexe, said in the official opening of the works of the UN Climate Change Conference - COP25.According to a press release of the Ministry, the ...

Kazakhstan's ambassador: KazMunayGas International has special contribution to strengthening Romania's energy security

Thursday, December 5, 2019

KazMunayGas International has "a special contribution to strengthening Romania's energy security", and this company "will continue to operate in strict compliance with the Romanian law," the new ambassador of the Republic of Kazakhstan in Bucharest, Nurbakh Rustem told a news conference on Thursday.According to the ambassador, the activity of the largest investment of the Republic of Kazakhstan - the company KazMunayGas International, which has a special ...

European Parliament declares climate emergency

Thursday, December 5, 2019

The European Parliament voted by a large majority on Thursday  (28 November) in favour of a resolution declaring climate emergency in Europe, piling pressure on the EU’s new  Commission to deliver an ambitious European Green Deal after it takes office next month, euractiv.com reads. The resolution was adopted by 429 votes in ...

The BRUA pipeline, among the priority projects in the domain of energy of the Initiative of the Three Seas

Thursday, November 28, 2019

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The project of the BRUA pipeline,phase 1 and 2, and the transport infrastructure the Black Sea – Podisor are the priority projects of the Initiative of the Three Seas (I3M) in the domain of energy and for the future, there will also be the retechnologisation of the storage houses according to the ministry of energy and economy.‘Today the 27th November, there was the reunion between the representatives of the ministry of energy, economy and business ...

PM Orban: The situation which energy area got to risks creating serious damages to Romanian economy

Thursday, November 28, 2019

The situation which the energy area got to, because of the "aberrant measures of the Social Democratic Party (PSD) governments, risks creating serious damages to the Romanian economy," Prime Minister Ludovic Orban has stated on Wednesday.When asked, at the end of an event which took place at the Bucharest University of Economic Studies (ASE), when would the Government eliminate the price ceilings for gas and electricity, Orban showed that it's possible to have a ...

ENEL X LAUNCHES HOMIX, THE SMART HOME ECOSYSTEM WITH AMAZON ALEXA BUILT-IN

Thursday, November 28, 2019

The new Smart Home system for managing heating, home security and lighting is available in Amazon's online stores and through Enel X and Endesa Energia sales channels The new Enel X smart home solution that helps families save energy and simplifies their life while respecting the environment is now available in Italy and in the coming days in Spain. A single smart home solution that allows for easy management, even ...

Implico acquires Dutch cloud specialist Brainum Bundled expertise for the digitization of the oil and gas industry

Thursday, November 28, 2019

 The international software and consulting company for the oil and gas sector, Implico, further expands its leading position in the tank storage market. Implico acquires the Dutch IT solutions provider Brainum. The merger brings together the innovation programs of both companies, especially in the future-looking areas of cloud and digitization. The acquisition of Utrecht-based Brainum marks a big step in the global growth strategy of Implico. ...

Rompetrol Rafinare, increasing results in the jet fuel segment

Thursday, November 28, 2019

Rompetrol Rafinare, a member company of KMG International, has continued to constantly increase its production of Jet A1 - the special fuel for civil and military aviation. In the last 12 years, the volumes realized and delivered in Romania and in the region have tripled, from 95 thousand tons in 2007, to 317 thousand tons, last year. "The efficiency and optimization of the production generated by the reliable installations, together with the expertise ...

ExxonMobil looking to sell its 50 pct stake of Neptun Deep project in the Black Sea

Thursday, November 28, 2019

US giant Exxon Mobil is reportedly looking to sell its participation in the Neptun Deep project, which involves exploring and exploiting Black Sea gas, valuing this asset at USD 250 million, according to sources cited by Reuters. The company currently holds a 50 percent stake in the Neptun Deep project, while the remaining 50 percent is owned by OMV Petrom. So far, Exxon has invested over USD 750 million in the project. Exxon is ...

PGNiG among prospective bidders for Exxon’s Black Sea operations in RO

Thursday, November 28, 2019

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Polish state-owned oil and gas group PGNiG is among the prospective bidders interested in US group ExxonMobil’s 50% stake in the Neptun Deep offshore perimeter, in Romania’s Black ...

ANRE: Domestic consumers must change energy consumption habits

Thursday, November 28, 2019

Achieving energy efficiency does not require huge investments in industry or in people's homes, but it can be achieved by changing the energy consumption habits and behavior of residential consumers, given that the planet is dying, the deputy chairman of the National Energy Regulatory Authority (ANRE), Zoltan Nagy-Bege, said on Thursday."The most important thing in the context of energy efficiency, especially in the case of domestic consumers, is the change of ...

Intraday electricity market in Romania, coupled to 20 other European countries

Thursday, November 28, 2019

 The intraday energy market of Romania was coupled on Tuesday afternoon with the similar markets of twenty other European countries, and the first quantities of energy were already delivered last night, stated Victor Ionescu, the director of market operator OPCOM.The countries in question are Bulgaria, Hungary, Croatia, Czechia, Poland, Slovenia, Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, Sweden, the Netherlands, ...

Economy Minister: gas storage are full, with about 3 billion cubic meters  in store

Thursday, November 21, 2019

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The Minister of Economy, Energy and Business, Virgil Popescu said on Friday that gas storage are full, the stored amount of about 3 billion cubic meters, but the maximum that can be extracted is 28 million cubic meters daily, which  can be a problem. The official noted, however it was good that  enough gas is stored, but on the other hand, Depogaz should lay down a clear program of investment so as to increase extraction ...

Energy Minister: I would like Romgaz to take Exxon stake in the project in the Black Sea

Thursday, November 21, 2019

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Romgaz should consider the opportunity to take stake of  the ExxonMobil project Neptun Black Sea, where the Americans will withdraw, said on Friday the Minister of Economy, Energy and Business, Virgil Popescu, in a conference ."Obviously, if we had more gas, the price would be lower. We'll have a talk next week with Romgaz separately, to be more  active on the market, more active in the Black Sea. As there rumors of withdrawal of Exxon I wish Romgaz ...

Energy Ministry wants revocation of Romgaz administrators

Thursday, November 21, 2019

The Ministry of Economy, Energy and Business Environment requests  the summoning of Romgaz General Shareholders' Assembly to revoke members of the Administration Board and appoint new ones, according to a report sent to Bucharest Stock Exchange on Tuesday. The present provisional administrators are Manuela Stan Olteanu (chairperson), Niculaw Havrilet, Romeo Cristian Ciobanu, Caius Mihai Parpala, Tudorel Harabor, Nicolae Campeanu and Petrus ...

Nicolae Turdean appointed as President of National Agency for Mineral Resources

Thursday, November 21, 2019

Nicolae Turdean has been appointed as President, in rank of state secretary, of the National Agency for Mineral Resources (ANRM), through a decision of Prime Minister Ludovic Orban, published in the Official Journal of Romania on Friday.Furthermore, the PM also ordered, through another decision, the release from office of ANRM President Gigi Dragomir. Both decisions were made Thursday, 14 ...

Nuclearelectrica net profit up 29.6pct after first nine months of 2019

Thursday, November 21, 2019

The National Company Nuclearelectrica SA (SNN) posted a profit which increased by 29.6 percent after the first nine months of this year, with the net result reaching 415.946 million lei, according to a release of the company."In the nine months period which concluded on 30 September 2019, the SNN obtained a net profit worth 415,946 thousand lei, increasing by 29.6 percent compared to the similar period of last year. The earnings before interest and taxes (EBIT) ...

E-DISTRIBU?IE MUNTENIA INVESTS 66 MILLION LEI IN THE HIGH VOLTAGE NETWORKS IN 2019 

Thursday, November 21, 2019

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E-Distributie Muntenia is undergoing by the end of the year investments projects worth 66 million lei in the high voltage networks in Bucharest, Ilfov and Giurgiu counties, in order to improve the quality of the electricity distribution service and the security of supply for over 405,000 customers, the company said în a statement sent to ACTMedia. Over 29 million lei are scheduled for the modernisation of the high voltage (110 kV) power lines. ...

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