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Romania among EU states with most significant decline in energy use in 2015

Energy February 21, 2017 11:59 0 comments

The Baltic states, Romania and Bulgaria recorded the most significant decline in the energy consumption in 2015, compared with 1990, shows data published on Monday by the European Statistics Office (Eurostat). In 2015 the energy…more »

E.ON_

Paris Arbitrage Court orders E.ON to pay RON 4 mln to Romanian state

Energy February 21, 2017 10:30 0 comments

The Paris Arbitrage Court has ruled out that German utility E.ON, an important gas supplier on the local market, has to pay RON 4 million and interest to the Administration Company of Energy Shares (SAPE),…more »

corina popescu

Romanian energy strategy might be approved in the H1 2017, says state secretary

Energy February 20, 2017 15:20 0 comments

The Romanian energy strategy 2017-2035 might be approved in the second part of 2017, after receiving environment clearance, said on Monday the state secretary in Energy Ministry Corina Popescu in a press briefing. „The energy…more »

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Romania’s biggest deals in 2016: Energy/Oil&Gas

Energy February 20, 2017 11:49 0 comments BR Exclusive

Here are the main deals in the food and beverages sectors that were registered last year. For a forecast regarding the M&A market in 2017, you can read this exclusive article. ENERGY Allianz Capital Partners…more »

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Romania imported over 7.4 mln tep oil in 2016

Oil & Gas February 20, 2017 10:44 0 comments

Romanian imported in 2016 over 7.4 million tep oil, with 872,800 tep (13.2 percent), more than in 2015, according to the National Institute of Statistics (INS). The oil production amounted to 3.57 million tep,  4.3…more »

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ANRE withdraws licenses of energy suppliers Arelco Energy SRL and Arelco Power SRL

Energy February 17, 2017 14:32 0 comments

ANRE withdrew on Thursday the licenses of the energy suppliers Arelco Energy SRL and Arelco Power SRL for the supply activity of energy, according to a press release. “Through the letter ANRE no 5522/27.01.2017, the…more »

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Romgaz profit down by 14 pct in 2016

Oil & Gas February 17, 2017 12:39 0 comments

Romgaz posted a 14 percent year-on-year decrease in 2016 to RON 1.02 billion, according to the initial report regarding the financial results. „Due to the sales volume drop by around 17 percent mainly because of…more »

Romania Oil & Gas Summit

Black Sea Oil and Gas could start offshore gas production in Romania in 2019

News February 16, 2017 15:50 0 comments

Black Sea Oil & Gas (BSOG), owned by Carlyle International Energy Partners, could start the gas production from one of its concessions in the Black Sea in 2019, but this target depends on the approval…more »

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Rompetrol Rafinare’s consolidated net profit to USD 49.8 mln in 2016

Oil & Gas February 16, 2017 12:55 0 comments

Rompetrol Rafinare, member of KMG International, recorded a consolidated operational EBITDA of USD 182.5 million in 2016, up by 62 percent compared with 2015, according to the data transmitted by the company. The net consolidated…more »

Mark Wagley

Romanian gas production down by 12.5 pct in 2016, imports up by 629 pct

Oil & Gas February 16, 2017 11:33 0 comments

The Romanian gas production went down by 12.5 percent in 2016 to 7.48 million tones oil equivalent, while imports went up by 629 percent compared with 2015, amounting to RON 1.185 million tones oil equivalent,…more »