7 mai 2015

OMV Petrom, the only local oil and gas producer, plans to introduce combined electricity and gas offers and thus operate as an integrated utility supplier. It is also trying to protect its fuel sales more

6 mai 2015

The three companies whereby Czech-held CEZ operates the giant wind farm complex Fantanele-Cogealac posted almost one billion lei (EUR226 million) losses last year, according to the data the group more

5 mai 2015

Romania’s largest oil and gas producer, OMV Petrom (SNP.RO), appointed Mihaela Urzica as strategy, corporate development and investor relations director this March. more

4 mai 2015

Back in 2008, aluminum smelter Alro Slatina (ALR.RO), Romania’s largest electricity consumer, accounted for 7% of the country’s consumption. Last year, it accounted for only 5.7%, following a 25% more

29 apr 2015

State-run Romgaz (SNG.RO), the largest local gas producer, says it will step up exploration efforts to identify new gas deposits, so it will drill 40 exploration wells this year, double as many as in more

27 apr 2015

GDF Suez Energy Romania, the largest local natural gas supplier, will become ENGIE by yearend, following a group-wide decision to rebrand. more

23 apr 2015

Lukoil Energy&Gas Romania, controlled by Russia’s oil group Lukoil, cashed in the first million euros from solar energy after the company in mid-2014 completed investments in a 9-MW photovoltaic more

22 apr 2015

OMV Petrom (SNP.RO), the largest company in the local oil industry, is introducing a new product in the 153 OMV gas stations in Romania, after having gradually turned them into genuine services more

22 apr 2015

April 23 is the last day participation intentions and non-binding bids can be field for the acquisition of Crisana refinery, with around 10 companies being interested in taking over this asset located more

20 apr 2015

Romania’s industrial sector used 29 TWh of electricity last year, 18% more than in 2013 and also more than in 2008, when consumption reached 22.4 TWh. One reason for the increase is the move of some more

1 apr 2015

Lukoil Overseas, the international exploration and production division of Russia’s oil group Lukoil, says it plans to spud two new wells in the Trident offshore block, one of the two it leases in more

1 apr 2015

The bill Romania paid in 2014 for Russian gas imported through intermediaries from Gazprom stood at $117 million, over four times lower than in 2013 and 14 times less than in 2008, a year when Russian more

31 mar 2015

Litigation with the thousands of employees who left the company, the lower-than-expected results of some investments and the failure of some exploration and production projects were the elements that more

26 mar 2015

Mariana Gheorghe, Romania’s most powerful executive, will remain at the helm of Petrom until 2019, after she got another four-year term, the third one after she was appointed in this position in more

19 mar 2015

The sale of fuels in filling stations is the most important segment by value of the energy sector, but power generation remains the biggest employer in the EUR30 billion industry, as revealed by ZF more

17 mar 2015

The ten largest natural gas consumers connected directly to the Transgaz (TGN.RO) transmission network used about 3.3 billion cubic meters of gas last year or 27.5% of the entire amount of gas used in more

13 mar 2015

Romania’s diesel oil exports reached EUR2.4 billion last year, with 1.47 million tons shipped abroad in January-November, the highest level since 2008 and 70% more than in 2013. more

12 mar 2015

From 2008 to 2013, Romania lost 10,000 jobs in the refining industry, a period during which oil processing capacity halved as Arpechim and Rafo Onesti, some of the biggest local refineries were shut more

10 mar 2015

Four energy companies in Romania employing 14,000 people are speaking about a steep shortage of personnel from among secondary education graduates in the technical field and are mentioning a true more

9 mar 2015

Cristian Secosan, member of the OMV Petrom board responsible for gas and power, is about to end his term almost two and a half years after taking the position. The gas and power unit performed below more

4 mar 2015

Romania’s power generation business had its best year since 2003 last year, exporting a record amount of electricity. Green power generation hit an all-time high, too. more

3 mar 2015

In 2014, the almost 2,000 filling stations of Romania generated sales of 40.9 billion lei (EUR9.3 billion), including station store sales, around 4% higher than in 2013. The slightly declining volumes more

2 mar 2015

“To me, Petrom is more than just a company. It is a passion”. These are the words of Mariana Gheorghe, who became chief executive officer of OMV Petrom (SNP.RO), the only oil and gas producer in more

2 mar 2015

Romania has lost the price advantage it had through the local natural gas production once it completed market deregulation for non-household consumers, according to Frank Hajdinjak, the general more

27 feb 2015

From an extremely rigid market, where consumers were captive to suppliers’ satisfaction, energy is now starting to undergo deep changes, compared by people in the field to those of the telecom more