23 oct 2013

Independent gas stations hold 10% of Romania’s gasoline and diesel oil market, estimated by ZF at $5.5 billion (EUR4.5 billion) last year. more

17 oct 2013

Oil giant Saras, a business of around EUR12 billion chaired by Massimo Moratti, says it has suspended the authorization process for a EUR200 million wind project it planned to build in Constanta, more

14 oct 2013

Gabriel Comanescu, the businessman who controls offshore drilling company Grup Servicii Petroliere (GSP), say he wants to double his offshore rig fleet from the current six units and add two vessels, more

14 oct 2013

The coal sent from the US, a country that is now relying on the cheap shale gas, have caused some of the state-of-the-art European gas-fired thermoelectric power plants to lose ground to those running more

10 oct 2013

Romania’s National Mineral Resources Agency (ANRM) says it will hold a new auction for exploration, development and drilling licenses for about 28 onshore and 8 offshore oil blocks in the Black Sea more

9 oct 2013

South-Korean giant Samsung has become the biggest investor in solar parks in Romania after completing a EUR100-million project in Slobozia, Giurgiu county. more

7 oct 2013

Romania features high in the rankings of energy production in the European Union -- it is number 5 in terms of oil and gas production and boasts major growth prospects given the recent Black Sea more

3 oct 2013

Romania has lost about 10% of its fuel demand in five years of crisis (2008-2012), one of the most serious declines in Europe out of nine members countries analyzed by ZF based on Euromonitor, CBRE more

30 sep 2013

Investments in photovoltaic parks in Romania were 3.5 times lower in July compared with the previous month after Romanian authorities changed an aid scheme supporting green power producers. more

27 sep 2013

Wind energy has been one of the few sectors to record a major boom in the years of crisis after the crash of Lehman Brothers in 2008. more

27 sep 2013

Romania needs to invest in a new uranium mine in central Romania if the country wants to use internally-made, cheaper uranium for its nuclear power plant at Cernavoda. Otherwise Romania will have to more

26 sep 2013

The power price increase by almost 38% in the years since the collapse of Lehman Brothers, according to Eurostat data, is hurting industrial consumers. more

26 sep 2013

The five years of crisis led to an accelerated increase in utility prices, which places Romania again on the top spot in Europe in terms of price hikes, according to Eurostat data. more

25 sep 2013

Businessman Vladimir Cohn, owner of corrugated cardboard maker Ecopaper Zarnesti, selected Italian company to build a 6.65 MW photovoltaic park which might engulf EUR10 million, considering the more

19 sep 2013

Romanian company Oil Energy Trading, part of Tiriac Holdings, owned by businessman Ion Tiriac, says its revenues will reach EUR30 million this year. more

18 sep 2013

The ten-year contract between oil and gas company OMV Petrom (SNP.RO) and the Romanian state on royalties expires in 2014 and the question is what the new royalties will be, after the renegotiation of more

16 sep 2013

Romanian power producer Complexul Energetic Oltenia (CE Oltenia) says the power it generates from coal could be cheaper than the electricity OMV Petrom (SNP.RO) and Romgaz generate from gas if the more

13 sep 2013

Grup Servicii Petroliere (GSP), the offshore drilling company of Upetrom group owned by businessman Gabriel Comanescu, won a contract to drill four wells for Greece’s Energean Oil&Gas. more

9 sep 2013

The initial public offering of 10% in Romania’s state-run nuclear power producer Nuclearelectrica starts Monday and its purpose is not to raise money, but to revive a gloomy Bucharest Stock more

5 sep 2013

The temporary reduction of state support for renewable energy producers starting July 1 is showing its first effects and the sum investors will have to recover for July reaches about EUR14 million. more

2 sep 2013

One of the most important electricity producers in Romania, Hidroelectrica, has spent more than EUR260,000 excluding VAT on contracts with international recruitment firms to find private sector more

28 aug 2013

Smart Electric Design, a company controlled by Cyprus-based Renovatio group, could start work on a 450 MW power plant running on gas in Satu Mare (northern Romania) worth about EUR300 million. more

26 aug 2013

Telecom operator RCS&RDS held by businessman Zoltan Teszari, continues to buy solar power companies and its latest acquisition Novitas Electro is developing a 4 MW solar park in Bihor County (NW more

23 aug 2013

Nuclear power producer Nuclearelectrica, which covers around 20% of Romania’s energy consumption, has lost 23 energy sale contracts since the beginning of the year after the buyers decided to more

22 aug 2013

EDP Renovaveis, the renewable energy division of Energias de Portugal, one of the biggest investors in green energy in Romania, continues the development of wind and solar parks and currently has more