Energy
June 30, 2015 13:05
Dentons advised the oil and gas company Petroceltic on the purchase of equity in two Black Sea exploration blocks (40% in EX-27 Muridava Block previously held by a subsidiary of Sterling Resources and 30% in the EX-28 Est Cobalcescu Block previously held by a subsidiary of Beach Energy), in the Romanian sector of the Black Sea. ...more »
June 24, 2015 23:19
The AGRI gas project, as a direct energy transport road from the Caspian Sea right to EU's Franco-German industrial core, between Energy producer Azerbaidjan, Georgia and Romania, is seen as a viable project. The feasibility study for AGRI project, that aims to transport gas from the Caspian region, on the territory of Azerbaijan and Georgia, crossing the Black Sea by vessels and involving the construction of two liquefaction terminals (on the Georgian Black Sea coast) and regasification (on the Romanian Black Sea coast ) was presented in an Inter-ministerial meeting that took place on June 22 in Bucharest. ...more »
June 05, 2015 12:32
Law 122/2015 for the approval of some measures for promoting electricity from renewable energy sources and also for amending and supplementing some normative acts was published in the Official Gazette. The purpose of this law is to revitalize the renewable energy market and support the companies owning projects from renewable energy sources with capacities smaller than 3 MW by enabling them the possibility to sign bilateral agreements....more »
May 28, 2015 11:35
Due to the nineteen ongoing processes, the exit from insolvency for Hidroelectrica is not possible says Remus Borza, the Director General of the energy producer. "The processes progressing very slowly. It will not come out of insolvency for sure this year. Hopefully next year," said Borza....more »
May 25, 2015 14:47
The National Authority for Energy Regulation (ANRE) has published on its website the monitoring report of the support scheme for promotion of cogeneration based on thermo energy demand in the first quarter of 2015, showing that the total value of contributions invoiced to consumers is lowered by 28 percent. From the comparison of 2014 to 2013 the report observed that the total amount of contributions invoiced consumers and suppliers exporters fell mainly due to lower contribution amount for cogeneration in the second half of 2014, compared to 2013....more »
May 22, 2015 11:24
The investment agreement with the Chinese company China General Nuclear Power Corporation, the investor selected for the development of units 3 and 4 at CNE Cernavoda, could be finalized by the end of the year says Energy Minister Andrei Gerea .Nuclearelectrica and China General Nuclear Power Corporation signed last year a letter of intent to proceed. The project for units 3 and 4 was evaluated in October last year, to EUR 6.45 billion, but the feasibility study which determined the investment required will be reviewed, according to Agerpres. The agreement between the two companies should have been signed in December last year, but the project is out of the schedule originally announced....more »
April 27, 2015 11:59
Bulgarian Prime Minister Boyko Borisov, in the joint press conference with the Romanian and the Serbian Prime Ministers in Craiova, said that South Stream should have been built without the EU's third energy package and that there currently isn't any contract signed by Bulgaria or Russia. The Bulgarian Prime Minister insisted on pointing out that he supports the Nabucco project, which doesn't cause any inconvenience to the South Stream project, but about which, "unfortunately, no one talks any longer."...more »
April 01, 2015 16:47
While these days modern lighting is equivalent to using LED equipment, the technology developments achieved in recent years have brought this concept a step forward: to “connected lighting”, the future in this industry, according to Bogdan Balaci, Commercial Leader of Philips Lighting for SEE, who presented the company's innovations in this area, during a media conference....more »
March 31, 2015 17:13
Romania's main natural gas producer, Romgaz, commissioned in March 2015 two new gas accumulations in the Moldavian Platform and in the Transylvanian Basin, which are currently under test....more »
March 26, 2015 15:40
Canada-based oil and gas company Sterling Resources has announced the sale of its Romanian business to Carlyle International Energy Partners, an affiliate of the global energy concern Carlyle Group....more »
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