Energy
OMV Petrom, Third Biggest Decline In Revenue Among Region’s Heavyweights
No company in the oil business was able to escape the fallout of the decline in oil price in 2015, so the ten largest energy industry actors in Central and Eastern Europe ended 2015 with EUR...
Radical Change In Romania’s Energy Generation Sector In Ten Years
In 2006, coal was used to generate 42% of the electricity Romania used. Last year, coal accounted for only 27%, while green energy stood at 12.5%.
Euro Insol Wins Trial Against Alpiq Romindustries
Bucharest Court of Appeals rejected the appeal of energy trader Alpiq Romindustries to Bucharest Court's ruling, which rejected the trader’s appeal against the measure taken by legal adminis...
Romania’s Major Energy Companies Not Too Bullish About 2016
The largest companies in the oil, natural gas and electricity industry that are either listed on the Bucharest Stock Exchange or aspiring to believe, with a few exceptions, that they will en...
ENGIE Romania Sees EUR975M Revenue in 2015
ENGIE Romania, the former GDF SUEZ Energy Romania, the largest local natural gas distributor, ended last year with EUR975 million revenue, 2.5% higher than in 2014, according to the consolid...
Romania And Bulgaria Seal Deal With Habau Company To Build Gas Link Across Danube
Transgaz and Bulgartransgaz, the gas transmission operators of Romania and Bulgaria, will sign a contract with Austria company Habau PPS Pipeline Systems SRL for the construction of the sect...
Prospectiuni SA Goes Insolvent
Bucharest Court has admitted the insolvency request of Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO), according to Euro Insol company, which was appointed judicial adminis...
Hidroelectrica To Auction Off The Last Lot Of Micro Power Plants In May 2016
Romania's state-owned hydropower producer Hidroelectrica, undergoing insolvency, on Monday said it would put up for sale, through open outcry auctions, the last lot of 20 micro hydropower pl...
Grup Servicii Petroliere Looks For Contracts In Russia And Iran
Businessman Gabriel Comanescu is negotiating contracts in Iran, Egypt and Russia to put his Grup Servicii Petroliere (GSP) offshore drilling rigs to work.