26 iun 2018

MOL Romania, the local subsidiary of Hungary’s oil group MOL, ended last year with more than 5.4 billion lei (EUR1.2 billion) revenue, a result that includes the revenue of the 42 Agip stations it more

21 iun 2018

The year 2017, one of the most delicate years for the energy market, took a toll on the results of Tinmar Energy, an electricity trader held by businessman Augustin Oancea, which had become the second more

7 iun 2018

Oscar Downstream, a fuel distributor which mostly sells diesel to commercial customers, ended last year with 2.04 billion lei (EUR431 million) revenue, up 20% on 2016. more

15 mai 2018

Electroalfa, a group specializing in manufacturing of low and medium-voltage equipment and in delivering turn-key projects in the energy sector, believes one quarter of the revenue it budgeted for more

16 apr 2018

French-held utilities group Engie Romania Group, the largest natural gas distributor in Romania, posted consolidated revenue of EUR1.062 billion in 2017, up 7% from the EUR989 million in 2016. more

12 mar 2018

Early in 2020, Romania’s largest natural gas producer Romgaz will complete a EUR268.8 million investment in a new gas-fired power plant in Iernut (Mures County, central Romania). more

27 feb 2018

Romania’s largest electricity generation company Hidroelectrica ended last year with about 1.5 billion lei (EUR322 million) gross profit, close to the record high of 2016 and 20% more than budgeted more

23 feb 2018

Cristian Colteanu, who became General Electric’s chief executive officer for Romania, Bulgaria and the Republic of Moldova in 2007, left the US group at the beginning of this year, ending one of more

21 feb 2018

The Romanian government could collect EUR2.8 billion royalties over twenty years from the natural gas drilled in the Black Sea and natural gas production is expected to double by 2025, when the more

20 feb 2018

Investments are the keyword on the energy market this year and companies in the sector are ready to bring new gas and electricity generation facilities online. more

15 feb 2018

Romanians bought 44.3 billion lei (some EUR9.6 billion) worth of gas and diesel from the 2,100 filling stations in the country in 2017. This is the highest spending ever, higher than the 2008 level more

22 feb 2017

Everyone wants the government to give the market free rein but no investment in energy generation gets made without the government getting involved. The market wants long-term bilateral contracts to more

21 feb 2017

The time of big projects has passed; the changes that come with the digitalization of the energy sector make it impossible to freeze significant amounts of money into facilities that will take more more

15 feb 2017

The verdict of the International Court of Arbitration in Paris in the former Electrica Muntenia Sud case, requiring Italy’s Enel to pay EUR401 million to the Romanian government for 13.57% in the more

13 feb 2017

Moldavia could be the region for the development of new gas storage facility, as it has none at the moment. The new investment is also intended to help exports to the Republic of Moldova and Ukraine more

30 ian 2017

The surge in electricity rates on the day-ahead (spot) market from EUR30 to EUR300 to EUR400 per MWh has created a lot of trouble for traders and will show in the January bills of all consumers – more

26 ian 2017

MOL Romania, the local subsidiary of Hungary’s oil group MOL, says it plans have the Fresh Corner concept implemented in 100 of its gas stations by the end of the year. more

18 ian 2017

Romelectro, one of the largest energy project contractors in Romania, expects a significant rise in revenue this year because of the contracts it won in 2016, when it estimates its revenue reached more

17 ian 2017

Electroalfa, a group specializing in low and medium voltage equipment and turnkey energy products, says it ended last year with 122 million lei (EUR27 million) revenue and this year’s budget is more

12 ian 2017

Hidroelectrica, the crown jewel of Romania’s energy system, posted record gross profit of 1.5 billion lei (EUR334 million) in 2016, the year it exited insolvency, according to preliminary data from more

11 ian 2017

Telecom operator RCS&RDS’ Digi Energy, a company that operates on the local energy market, has grown to about 3.6% share of the competitive market in one year, the highest rise by a newcomer ever. more

19 dec 2016

The energy sector has been a thrill to watch in 2016, peppered with complex investigations, insolvencies and exit therefrom, major deals and unusually many changes at the top of the sector more

29 nov 2016

Augustin Oancea, the man behind the Tinmar energy group, wants it to have about 3 million household customers in five years, which is one third of the local market. Italy’s Enel, for instance, has more

27 oct 2016

The tax-exclusive fuel prices in Romania were higher than the European average this summer. more

25 oct 2016

Edward van Kersbergen and Mazarine Energy, the company whose majority shareholder the Dutch businessman is, became the newest oil producer in Romania last week after taking over 19 oil and gas fields more