Energy
Romgaz Ponders Funding Mix, Including Bond Issue, To Buy Exxon's Stake in Neptun Deep Black Sea Project
In order to acquire Exxon's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, Romanian state-owned natural gas producer Romgaz is considering a funding mix,...
Romania Energy Regulator Approves Investments Of At least RON1.665B In Natural Gas Systems In 2021
Romania’s energy regulator ANRE has approved the annual investment plans for 2021, worth a total RON1.3 billion, for the system and transmission operator and natural gas distribution operato...
Hidroelectrica Seeks To Distribute RON1.3B Dividends From Its 2020 Net Profit
Romanian state-owned hydropower producer Hidroelectrica proposes the distribution of RON1.3 billion as dividends from its 2020 accounting net profit of RON1.45 billion, which means a distrib...
Rompetrol Well Services Receives Dividend Distribution Request From Its Majority Holder, KMG International
Rompetrol Well Services (PTR.RO), the oil services division of Rompetrol Group, said in a stock market report Friday that it had received from KMG International NV, as its majority sharehold...
OMV Petrom Hydrocarbon Output Drops 7.5% YoY in 1Q/2021
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Thursday in a report its total hydrocarbon production stood at 138,900 boe/day in the first quarter of 2021, down 7.5% com...
Romgaz Suspends Termination of Iernut Power Plant Construction
Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) said Friday it has suspended for two weeks its notice of termination for the construction of the Iernut power plant.
Working from Home Drives Household Power Consumption to Record Levels in 2020
Household consumers became the stars of the energy system in 2020, as working and learning from home or the newfound love of cooking took the residential demand for power to record volumes.
Transgaz, Natural Gas Distribution Operators Carried Out RON1.7B Investments In 2020
Romania’s energy regulator ANRE has announced that state-owned gas natural transmission company Transgaz and natural gas distribution operators in Romania carried out investments worth a tot...
Max Boegl Resumes EUR150M Wind Farm Project
Energia Mileniului III, a company equally owned by Germany’s Max Boegl International and BTG Wide Consulting, will resume construction of a 99 MW wind farm in Tulcea, having recently receive...