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Energy & Environment
Saipem wins two contracts in Romania and Germany for overall 1.8 bln euros
Friday, August 11, 2023
Italian energy services group Saipem on last Thursday said it was awarded two contracts, in Romania and Germany, for a total value of around 1.8 billion euros ($1.97 billion). Reuters reports. The contract in Romania, which was awarded by the country's top oil and gas firm OMV Petrom, relates to the Neptun Deep Gas Development Project located in the Black ...
Romania to revive Tarnita-Lapustesti pumped hydropower plant project
Thursday, August 3, 2023
The company that manages the Romanian state’s participation in energy companies, SAPE, is carrying out consultations until August 8 in order to eventually contract a feasibility study on the Tarnita-Lapustesti reversible, pumped hydropower plant, the Ministry of ...
OMV Petrom posts 80 pct lower H1 net profit
Thursday, August 3, 2023
OMV Petrom ended H1 2023 with a net profit of 944 million RON, by 80 percent lower compared to the net result of 4.646 billion RON recorded in the same period last year, shows financial data submitted to the Bucharest Stock Exchange on Friday.In Q2 2023, OMV Petrom reported a loss of 537 million RON, as to a net profit of 2.898 billion RON in Q2 2022, and of 1.481 billion RON in Q1 2023.Total sales revenues over January - June 2023 stood at ...
Neptun Deep will have rd 20 billion euros in contribution to state budget during project
Thursday, August 3, 2023
The Neptun Deep project will contribute to the future of energy security in Romania and in the region and during the project it will have a contribution to the state budget estimated at approximately 20 billion euros, Christina Verchere, CEO of OMV Petrom, said."Neptun Deep is a strategic project both for us and for Romania. The final investment decision for Neptun Deep, made in June 2023, allows us to move to the execution phase of the project. This will be ...
ANRE: 10,509 MW renewable energy projects capacity could be put into operation by 2028
Thursday, August 3, 2023
Renewable energy projects with a total capacity of 10,509 MW could be put into operation in the next period, of which 5,911 MW wind energy and 4,598 MW solar panel, according to data provided by the National Energy Regulatory Authority.Thus, according to the data submitted to ANRE by the transmission system operator (CNTEE Transelectrica SA), based on the list of technical connection approvals (TCA) and connection contracts (CC) issued for ...
Gas stocks in warehouses exceed 2.4 billion cubic meters
Thursday, August 3, 2023
Romania's natural gas stocks in storage warehouses exceeded 2.4 billion cubic meters on Thursday, and by November 1, the 90% target set for the winter of 2023-2024 will be exceeded, announced the former Minister of Energy, Virgil Popescu."Today Romania's natural gas stocks, from warehouses, have exceeded 2.4 billion cubic meters - 2403.9 million cubic meters! The degree of filling is 76.47% and by November 1 we will exceed the 90% target, for the ...
HELLENiQ Energy enters Romania’s solar power market with 811 MW in projects
Thursday, August 3, 2023
HELLENiQ Energy has entered the Romanian renewables market through the acquisition of four photovoltaic projects totaling 211 MW from Mytilineos, https://balkangreenenergynews.com/ reads. According to the deal between the ...
Works resume on Iernut power station
Thursday, August 3, 2023
Romgaz, through the Iernut Electric Power Production branch, on Tuesday handed over to Duro Felguera SA the location for the start of works to achieve the investment objective Iernut power station, a new thermoelectric plant with a combined cycle that involves gas turbines.The Iernut thermal power station is strategically positioned at the heart of Romania's national power grid. This project is designed to cover the national electricity consumption by acting ...
Coal production down 9.4% in the first five months of 2023; imports down 59.6%
Thursday, August 3, 2023
The net coal production of Romania meant, in the first five months of this year, 1.08 million tons equivalent oil, being by 9.4% (112.000 tep) smaller than that of the similar period of 2022, according to the centralized data by the National Institute for Statistics (INS). During the mentioned period, Romania imported 101,900 53 tep coal, by 150.300 tep (59.6%) lower than the quantity imported the ...
Enel Green Power Romania has commissioned its largest photovoltaic park with capacity of 63 MW
Thursday, August 3, 2023
Enel Green Power Romania, the business line dedicated to renewable energy production of the Enel Group in Romania, has commissioned Calugareni Solar PV Park, southern Giurgiu county, and has completed its takeover from Mytilineos, the company announced on Monday in a press release.Calugareni Solar PV Park covers an area of 88 hectares and has around 120,000 photovoltaic panels."With an installed capacity of 63 MW and an annual electricity ...
Danish European Energy wants to develop green hydrogen, e-methanol production plants in Romania
Thursday, August 3, 2023
Danish European Energy is contemplating developing plants for the production of green hydrogen and e-methanol in Romania after the company announced the completion this year of the world's largest production facility for the two types of fuel."National economies must reach climate neutrality not only by improving their energy mix, but also by decarbonising heavy industry and transport, addressing process differences and facilitating the expansion of ...
Orange Romania Installs Solar Panels on Data Center in Timisoara
Thursday, August 3, 2023
Orange Romania advances towards sustainability by embracing renewable energy solutions. The telecom giant expands its solar panel installations across communication centers and telecom stations, significantly reducing its carbon footprint and contributing to environmental protection, informs. Orange Romania has announced significant advancements in its journey towards sustainability in a determined ...
Minister Burduja: We can put 735 MW of clean energy capacity into operation by the end of next year
Thursday, July 27, 2023
Romania will have access to more clean energy in the coming years, and by the end of next year, capacities of 735 MW of installed power could be put into operation, according to the Minister of Energy, Sebastian Burduja."We are building the Romania of the Future every day. Today we signed the financing contracts for 8 photovoltaic parks, strategic investments supported by 70% of the Modernization Fund. Hundreds of millions of euros for Romania's green ...
Coal imports will fall by more than 40% this year; production will fall by 12.5%
Thursday, July 27, 2023
The coal production of Romania will drop this year by 12.5% down to 2.705 million tep, while imports will diminish by 40.3% at 210,000 tep, according to the estimates of the National Commission for Strategy and Prognosis (CNSP).The latest energy balance forecast indicates that, by 2026, coal production dynamics and imports are expected to decrease as more power generation capacity ...
How Poland and Romania are using €4bn in EU funds for gas
Thursday, July 27, 2023
EU money is driving the energy transition in Europe, especially in countries still heavily dependent on fossil fuels, but some governments are still looking to use EU public money to finance new fossil gas projects, despite their climate obligations, https://euobserver.com/ ...
Romgaz total hydrocarbon production down 5 pct in first half of 2023
Thursday, July 27, 2023
The total hydrocarbon production of the National Natural Gas Company Romgaz SA decreased in the first half of this year by 5.25%, compared to the same period in 2022, to 15.41 million barrels of oil equivalent (boe), from 16.26 million, according to data submitted with the Bucharest Stock Exchange on Wednesday.In the first six months of 2023, 2.383 billion boe of natural gas were extracted, gross (minus 5.24%), with condensate production at 10,940 ...
Azerbaijan, Romania hold discussions on natural gas supply
Thursday, July 27, 2023
During his visit to Bucharest, the Minister of Energy, Parviz Shahbazov, and the Minister of Energy of Romania, Sebastian Ioan Burduja, held a meeting, Azernews reports, citing the ministry. The meeting emphasized the importance of the mutual visits of the Presidents of Azerbaijan and Romania for cooperation between the two countries and the ...
Azerbaijan, Georgia, Romania and Hungary to create joint venture for green energy transmission from Caspian Sea to Europe
Thursday, July 27, 2023
Azerbaijan, Georgia, Romania and Hungary signed a memorandum of understanding on the establishment of a joint venture for green energy transmission from the Caspian Sea to Europe, Minister of Parviz Shahbazov said on Twitter, News.Az reports. The document was ...
Georgian Deputy Economy Minister, World Bank head discuss cooperation, Black Sea submarine cable project
Thursday, July 27, 2023
Cooperation between Georgia and World Bank and the Black Sea submarine electricity cable project intended to connect the grids of the South Caucasus and European Union member states were discussed on Friday in a meeting between the Georgian Deputy Economy Minister Genadi Arveladze and Koen Davidse, the Executive Director of the Bank, ...
Eurowind Energy Starts Construction Of Pecineaga 48 MW Wind Farm
Thursday, July 27, 2023
Danish developer and operator of wind, solar and hybrid projects, Eurowind Energy, starts construction of the Pecineaga 48 MW wind farm in July this year, which is scheduled to become operational in the first quarter of 2025. The project will have a capacity of approximately 176,000 MWh/year, being able to supply up to 48,000 households with green energy. The wind farm involves an investment of 79 million ...