18 aug 2014

The takeover of the 42 Agip gas stations that Italy’s ENI had in Romania helped Hungarian-held MOL consolidate its position in the south of the country and expansion plans will continue, says Kinga more

8 aug 2014

Rooftop photovoltaic panels and the small biomass power plants that can turn agricultural waste into electricity will be the ones to generate the new renewable energy investment boom, after more

5 aug 2014

The 15 largest companies managing wind projects in Romania generated total revenue of more than EUR400 million last year, operated with a 24% profit margin, among the best in the local economy, and more

1 aug 2014

CEZ Romania will stay on the local market, as it believes Romania has potential, but will not pursue any major development plans for the time being, says chief executive officer Martin Zmelik. more

31 iul 2014

Stefan Bucataru, who filled the position of general manager of Transelectrica for ten months, took over the reins of Agricover SRL, the most important company of agribusiness group Agricover. Bucataru more

30 iul 2014

OMV Petrom (SNP.RO), the only local oil and gas producer, will step up exploration efforts to discover new oil and gas reserves. To that end it has completed a EUR0.5 million investment in a 3D more

29 iul 2014

In early 2014, Romania’s energy watchdog ANRE launched several estimates about the capacities set to be installed in green energy projects this year, with the latest one indicating EUR2.4 billion more

25 iul 2014

US giant General Electric will operate exports worth $110 million from Romania this year, almost 60% higher than last year’s, with the main growth driver being the takeover of Lufkin group’s oil more

23 iul 2014

“We export nice quantities,” says Octavian Lohan, member of Transelectrica managing board and the one who runs Romania’s Energy Center, the brain of the domestic electricity grid. more

23 iul 2014

Austria’s OMV, which controls Romania’s leading oil and gas company Petrom (SNP.RO), invested EUR41 million to start activities at the OMV Petrom Global Solutions service center of Romania. more

21 iul 2014

Hidroelectrica, Romania’s largest energy producer which went insolvent for the second time in early 2014, ended the first half of 2014 with gross profit of 509 million lei (EUR115.6 million), a more

16 iul 2014

Complexul Energetic Oltenia reported revenue of around 1.25 billion lei (EUR284 million) and net profit worth RON15 million for the first half of this year. One of 1H’s novelties was the setting up more

15 iul 2014

The decision of Italy’s Enel to sell its Romanian energy distribution and supply operations is likely to strengthen the position the Romanian state has in this field should Electrica be interested more

2 iul 2014

Five years after launching the Litro gas station brand, KazMunayGas is dropping the branding experiment conducted at only four Rompetrol gas stations on the A2 highway connecting Bucharest to more

1 iul 2014

Jan Veskrna, the man who had run CEZ’s Romanian operations since the company entered the local market in 2005, when it bought former Electrica Oltenia, decided to leave as of July 1. more

29 iun 2014

Grup Servicii Petroliere, the flagship company of the Upetrom group of Constanta businessman Gabriel Comanescu, is consolidating its position in Mexico, where it sent three offshore drilling rigs to more

23 iun 2014

Germany’s Linde group, one of the world’s largest industrial gases supplier, has started the recruitment of 300 people who will work in its regional services center Linde Global Services in more

20 iun 2014

The Romanian state is already owing almost EUR200 million to renewable energy investors, representing the value of green certificates investors should have received between July 2013 and April 2014 more

19 iun 2014

Biomass or biogas-fired power plants, which use vegetal or animal waste to generate electricity might turn from Cinderella into the queen of the renewable energy ball, people in the industry say. more

18 iun 2014

Deprived of access to hydropower at preferential prices and exposed to a falling demand, Romania’s ten largest private energy traders ended last year with revenue of around EUR1.1 billion, down 20% more

10 iun 2014

Romania’s 20 largest state-owned companies, monopolies in energy production, gas or rail transport, reported cumulated net profit of around EUR350 million in 2013, according to data centralized by more

9 iun 2014

The European Bank for Reconstruction and Development (EBRD), one of the largest institutional investors present in Romania, is likely to invest at least EUR50 million in the initial public offering more

5 iun 2014

The Black Sea depths have ‘swallowed’ more than $1.3 billion since the beginning of exploration works carried out by ExxonMobil in partnership with Romania’s largest company OMV Petrom (SNP.RO) more

4 iun 2014

Romanian energy holding CE Oltenia says it’s trying to set up an electricity trading company but it is facing difficulty as Fondul Proprietatea (FP.RO), the company’s minority shareholder, is more

3 iun 2014

Transeastern Power Trust, a Canadian investment vehicle recently listed on the Toronto stock exchange, completed the acquisition of 11 small hydropower stations with installed capacity of 5.1 MW in more