31 mar 2015

Litigation with the thousands of employees who left the company, the lower-than-expected results of some investments and the failure of some exploration and production projects were the elements that more

26 mar 2015

Mariana Gheorghe, Romania’s most powerful executive, will remain at the helm of Petrom until 2019, after she got another four-year term, the third one after she was appointed in this position in more

19 mar 2015

The sale of fuels in filling stations is the most important segment by value of the energy sector, but power generation remains the biggest employer in the EUR30 billion industry, as revealed by ZF more

17 mar 2015

The ten largest natural gas consumers connected directly to the Transgaz (TGN.RO) transmission network used about 3.3 billion cubic meters of gas last year or 27.5% of the entire amount of gas used in more

13 mar 2015

Romania’s diesel oil exports reached EUR2.4 billion last year, with 1.47 million tons shipped abroad in January-November, the highest level since 2008 and 70% more than in 2013. more

12 mar 2015

From 2008 to 2013, Romania lost 10,000 jobs in the refining industry, a period during which oil processing capacity halved as Arpechim and Rafo Onesti, some of the biggest local refineries were shut more

10 mar 2015

Four energy companies in Romania employing 14,000 people are speaking about a steep shortage of personnel from among secondary education graduates in the technical field and are mentioning a true more

9 mar 2015

Cristian Secosan, member of the OMV Petrom board responsible for gas and power, is about to end his term almost two and a half years after taking the position. The gas and power unit performed below more

4 mar 2015

Romania’s power generation business had its best year since 2003 last year, exporting a record amount of electricity. Green power generation hit an all-time high, too. more

3 mar 2015

In 2014, the almost 2,000 filling stations of Romania generated sales of 40.9 billion lei (EUR9.3 billion), including station store sales, around 4% higher than in 2013. The slightly declining volumes more

2 mar 2015

“To me, Petrom is more than just a company. It is a passion”. These are the words of Mariana Gheorghe, who became chief executive officer of OMV Petrom (SNP.RO), the only oil and gas producer in more

2 mar 2015

Romania has lost the price advantage it had through the local natural gas production once it completed market deregulation for non-household consumers, according to Frank Hajdinjak, the general more

27 feb 2015

From an extremely rigid market, where consumers were captive to suppliers’ satisfaction, energy is now starting to undergo deep changes, compared by people in the field to those of the telecom more

26 feb 2015

NIS Petrol, the Romanian subsidiary of Serbian oil group NIS controlled by Russia’s Gazprom, ended 2014 with 18 filling stations in Romania, after a year when investments reached EUR8 million, and more

23 feb 2015

Romanians now pay more than Germans for a fill-up, but earn 5 times less more

18 feb 2015

OMV Petrom (SNP.RO), Romania's largest oil and gas company, and US’ ExxonMobil have found a new gas deposit, following the drilling of the third exploration well in the Neptun block in the Black more

12 feb 2015

Investors may file binding bids for Enel's supply and distribution operations in Romania by the end of March, according to people close to the process. more

6 feb 2015

The start of the EUR1 billion investment in a new coal-based station in Rovinari is still being delayed as the project company is not due to be set up earlier than April. According with initial more

5 feb 2015

A US-held company registered in the Cayman Islands opened an office in Romania in 2013 with the minimum share capital required, 200 lei (almost EUR50). In December 2014 it operated the highest capital more

3 feb 2015

The cheaper crude oil will lead to better operating figures for Petromidia refinery, Romania’s biggest oil processing unit, says Catalin Dumitru, vice-president of KMG International, the former more

28 ian 2015

Investors in solar park projects got most of the green certificates awarded under Romania's government-backed clean energy support scheme last year. more

27 ian 2015

After investments of EUR380 million in wind projects, Verbund will no longer expand in Romania, says Ovidiu Pop, general manager of Verbund Romania, the local subsidiary of Austria’s biggest energy more

19 ian 2015

Major traditional utilities suppliers in Romania are “learning” how to become complex services providers as they prepare for the complete deregulation of the household energy market scheduled for more

15 ian 2015

Romania’s energy consumption reached the highest level of the past three years at the end of last week amid the low temperatures, with coal as the main production source, doubled by hydropower more

14 ian 2015

The price of energy traded on the spot market, a barometer of Romania's power market, soared in the last months of 2014, so that last year’s average was close to the 2013 one. more