Energy
OMV Petrom Signs Contract To Acquire Stake In Han Asparuh Exploration License In Bulgaria
OMV Petrom, the largest energy company in South-Eastern Europe, aims to acquire the participation held by OMV Offshore Bulgaria GmbH in the Han Asparuh exploration license in Bulgaria, by ac...
OMV Petrom Acquires Art Petrol Filling Stations; Reaches 558 Units In Romania
Romania’s Competition Council on Monday said it has approved a transaction whereby OMV Petrom Marketing is acquiring the filling stations held by Art Petrol SRL in Romania. Following the dea...
Romgaz Seeks 20% Stake in Black Sea Neptun Deep Exploration
Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) seeks to acquire a 20% stake in the deep-water exploration block Neptun Deep, company general manager Adrian Volintiru said...
E.ON Invests Over EUR90M in Distribution Network in 2019
Delgaz Grid, E.ON's natural gas and electricity distribution company in Romania, invested RON428 million (over EUR90 million) in 2019, mostly in upgrading gas and electricity distribution ne...
Hidroelectrica Gets Go-Ahead to Pursue Acquisition of CEZ and Enel Assets
Shareholders of state-owned power company Hidroelectrica on Friday approved the company's plan to hire consultants for the acquisition of CEZ and Enel assets in Romania.
Romania’s Chance in Energy Sector: Small Projects and Efficient Use of Existing Facilities Via Smart Solutions
As the Western countries are tending towards optimal use of green power via smart solutions, tomorrow’s consumer is no longer the traditional one but one that is involved, who considers envi...
Hidroelectrica CEO Says Regulated Prices Hinder IPO Plans
The stock market listing of a stake in state-owned power producer Hidroelectrica is uncertain since an obligation to sell its electricity output at regulated prices impacts its profitability...
Romgaz Shareholders Reject Establishment of Joint Venture for Energy Supply
Shareholders of state-owned natural gas producer Romgaz (SNG.RO) on Wednesday rejected the establishment of a joint venture with SAPE for the supply of natural gas and electricity.
ArcelorMittal Hunedoara Temporarily Halts Production Citing High Energy Prices
ArcelorMittal Hunedoara, part of the ArcelorMittal Europe - Long Products division, announced it has temporarily suspended production as of December 1, citing high prices for gas and electri...