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

21 aug 2013

The largest oil companies in Romania, Petrom, Rompetrol, Lukoil and MOL Romania, together control around 1,400 gas stations, according to data provided by the companies. more

19 aug 2013

Mariana Gheorghe, CEO of Romania’s largest oil company OMV Petrom (SNP.RO), said Petrom and US ExxonMobil, its partner for deepwater Black Sea exploration, set off talks with Transgaz to analyze the more

15 aug 2013

Major power companies in Romania are among the most sought-after customers by various service providers because they have many employees and large budgets. more

9 aug 2013

OMV Petrom, the largest company on the Romanian market by turnover, has annual sales of around EUR200 million from non-oil products sold through the country-wide network of 546 gas stations. On the more

7 aug 2013

A new addendum with classified content has been added to the concession agreement for oil exploration, development and exploitation in the Neptun block of the Black Sea, with the main explanation more

5 aug 2013

ExxonMobil and Romania’s largest company Petrom, have awarded contracts of almost $850 million since the start of deep-sea works in the Romanian section of the Black Sea, according to data more

1 aug 2013

The ten largest contracts awarded by Romgaz in the first half of 2013 stood at over 556 million lei (EUR126 million), almost three times higher than the value of the top ten contracts granted in the more

31 iul 2013

More than EUR1 billion were invested in wind and solar farms in the first half of the year, and EUR288 million were paid as subsidies to producers. Renewable energy accounted for 12% of total more

30 iul 2013

Photovoltaic parks operated at higher capacity than wind farms at certain hours in the first part of Monday, the hottest day of the year so far, even though the installed capacity of the latter is more

29 iul 2013

Sales of non-oil products sold at gas stations exceeded EUR600 million last year, according to ZF calculations based on data provided by oil companies, which say such products generated 10% of their more

24 iul 2013

No other European country has experienced such an extensive refinery closing process as Romania, which lost seven oil-processing facilities in 2007-2012. The last in the line of seven closures was more

22 iul 2013

Energy Holding, one of the best-known private energy traders on the Romanian market, says it had losses of 110 million lei (EUR25 million) last year. It explains this through the loss of its contract more

17 iul 2013

Forty-two major wind projects, which have attracted investments of almost EUR3.3 billion, were operational or in the final testing stage at the beginning of this month. They have a total capacity of more

2 iul 2013

State-controlled Romgaz, Romania’s largest gas producer, recorded a net profit of 473.4 million lei (EUR108 million) in the first quarter of this year, up by around 84% against the similar period of more

1 iul 2013

Serbian oil group NIS, controlled by Russian giant Gazprom, will have its first Bucharest filling station this autumn under the Gazprom brand. more

26 iun 2013

Fuel demand is showing signs of a rebound after all companies in this business had been expecting the market to be flat at best at the beginning of the year after the 2% decline in 2012. more

20 iun 2013

The revenues of the 10 largest oil companies in Romania rose by over EUR1 billion last year to almost EUR14 billion, on a market where fuel demand fell by around 2%-3%. more

18 iun 2013

MOL Romania, the local subsidiary of Hungarian oil group MOL, last year obtained a net profit of EUR17 million (76.1 million lei), after an over EUR3 million loss in 2011, caused by a fine by the more

17 iun 2013

An average wind farm in Romania has a capacity of 50 MW, way above the European average, due to the low population in rural areas in Dobrogea (SE Romania), the region boasting the best wind in more