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 »

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 »

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 »

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 »

Romania's net electricity exports totaled 7.1 Twh in 2014, 3.5 times higher compared to the previous year, according to the results presented by Transelectrica, the domestic system and transmission operator....more »

Romania's attractiveness in terms of investment destination for renewable energy projects is still declining according to EY’s latest Renewable energy country attractiveness index (RECAI) which ranks our country the 35th, down three positions compared to the previous report....more »

ArcellorMital Galati has invested over 7 million euro to refurbish a set of turbine blowers as part of ArcelorMittal Europe’s "Energize" Project, aimed at reducing energy consumption by 15 percent over the next five years....more »

Seen as a fundamental solution to improve energy efficiency, modern lighting is also an extremely important tool to increase operational efficiency. Thus, given that Romania has committed to align to European standards in terms of energy efficiency, the implementation of modern lighting projects becomes a priority, especially in the segment of public lighting....more »

The five preliminary offers submitted during the pre-qualification stage for the 1-billion euro hydropower project located in Tarnita-Lapustesti belong to Chinese investors. ...more »

Chevron announced it is giving up the shale gas operations in Romania, after a similar decision was taken with respect to Poland, thus exiting the European shale gas market, reads the Wall Street Journal....more »