4 ian 2013

EDP Renovaveis (EDPR), the renewable energy division of Energias de Portugal, set off EUR50 million investments in solar photovoltaic systems in September 2012. more

31 dec 2012

Hidroelectrica's insolvency was the most important item on the list of state-run energy sector "achievements" in 2012, while the major energy projects are yet to materialize as no one was interested more

28 dec 2012

Prospectiuni (PRSN.RO), the geological prospecting company owned by Romanian businessman Ovidiu Tender, has won a EUR79.8 million contract for 2D and 3D onshore prospecting works for OMV Petrom more

28 dec 2012

Gazprom, the world’s largest natural gas producer, wants to open 50 filling stations in Romania by the end of next year, after the recent opening of its first station on the local market, in the more

24 dec 2012

Rompetrol, the second largest local oil company, says it could open about 30 new gas stations built from the ground up in 2013. It also does not rule out acquisitions. more

20 dec 2012

Green power producers got more than EUR260 million via the support scheme of the Romanian government in the first eleven months, according to the data published by national grid company Transelectrica more

17 dec 2012

Increasing the refining capacity of Petromidia will render the local market more ‘Romanian’ in terms of supply, considering that imports of oil products and especially of diesel oil make up about more

13 dec 2012

ExxonMobil, which is conducting the most extensive deepwater exploration campaign in the Black Sea ever together with OMV Petrom (SNP.RO), is expected to buy about $1 billion in equipment and services more

7 dec 2012

A number of 21 large wind farms were either operating or undergoing testing in Romania at the beginning of December, following investments of over EUR2.5 billion, according to the latest data released more

30 nov 2012

Gabriel Comanescu, the owner of the Upetrom group, bets on production of green energy equipment at Upetrom 1 Mai and tries to consolidate the position of Grup Servicii Petroliere, the leading company more

28 nov 2012

OMV Petrom (OMV.RO), the largest company in Romania, will have a new chief financial officer as of next year after its current CFO Daniel Turnheim stepped down before the end of his term on April 17, more

28 nov 2012

The biggest of the 9,000 wells that OMV Petrom (SNP.RO) drills in 240 commercial oil and gas fields can be found in the Black Sea, an area that already generates 20% of the company’s hydrocarbon more

21 nov 2012

Romanian power holding Oltenia expects over 2 billion lei (EUR440 million) in revenue this year. more

20 nov 2012

RCS&RDS, one of the largest local telecom groups, has bought 90% in two companies developing solar power projects in Braila County. The two projects are worth about EUR20 million and are the more

20 nov 2012

The year 2012 will be the best of the last 22 years in terms of new investments in electricity generation facilities, with projects of about 2,200 MW, three times the capacity of a nuclear reactor of more

19 nov 2012

Solar energy was seen as the new boom in renewable energy after the wind power sensation. But after the first ten months of 2012, things don’t look very encouraging and some market specialists even more

16 nov 2012

Money has been sucked out of Hidroelectrica through 500 overvalued commercial contracts, and the company’s ten contracts for selling electricity were only the tip of the iceberg. more

9 nov 2012

Romania’s largest natural gas producer Romgaz might see revenue reach EUR1 billion this year if it keeps the same growth pace as in the first half. The company is also getting ready to expand into more

8 nov 2012

The Romanian energy sector has been at a crossroads for a long time and in order for it to get out of this gridlock investors unanimously ask for a good strategy and real competition, otherwise more

10 oct 2012

Romania will boast the largest onshore wind farm in Europe at the end of 2012, after Czech-based CEZ has announced it would finish works on its EUR1 billion investment in Fantanele and Cogealac near more

28 sep 2012

Sales of residential solar panels went down by as much as 20% in the first half of 2012, the worst affected being the cheaper systems. more

26 sep 2012

Energias de Portugal (EdP), one of the most active investors in the wind power business in Romania, has also expanded into solar energy after buying a portfolio of projects that might be worth as much more

21 sep 2012

Romania’s most ambitious energy project, the reactors 3 and 4 of the nuclear plant in Cernavoda (south-east of the country) remains frozen as no company showed any interest in developing the EUR4 more

20 sep 2012

Chinese ReneSola, the world’s largest photovoltaic manufacturer, entered the Romanian market through the acquisition of a photovoltaic park, after it bought the entire stake in local company Lucas more

14 sep 2012

Gazprom Neft, the integrated oil group controlled by Gazprom, is close to striking a deal with Unicom Holding, to take over the bunkering operations in the Constanta Harbor. more