Energy
Lukoil, ERG Buy 84MW Wind Project In Romania
Lukerg Renew, a joint venture between Russia's Lukoil and Italian energy group ERG, has acquired an 84MW wind project in Romania from Italian renewable developer Inergia, Windpower Monthly r...
Vulcan Faces Working Capital Shortage Following Demand Increase
Romanian steam generator and pump manufacturer Vulcan Bucuresti (VULC.RO) Tuesday said it faces difficulties in ensuring working capital, following an increase in demand.
Hidroelectrica Obtains Big Debt Relief From German-Austrian Consortium
Romania’s insolvent power producer Hidroelectrica has obtained a significant debt reduction from one its main creditors, the Voith Hydro-Andritz Hydro German-Austrian consortium, the energy...
Ponta: Shale Gas Talks With U.S. Chevron Stay On Front Burner For Romania’s New Cabinet
Prime Minister Victor Ponta said negotiations with U.S. oil and gas Chevron regarding the exploration and exploitation of shale gas will remain a priority for Romania’s future Government.
Businessman Ovidiu Tender Happy With 2012 Performance
The year 2012 was very good, says businessman Ovidiu Tender, because it was a year when he made acquisitions and signed deals for geological exploration.
OMV Petrom Starts 3D Shallow Water Seismic Survey In Black Sea
Romania’s dominant oil and gas group OMV Petrom (SNP.RO) has started its first 3-D seismic campaign in the shallow water sector of Neptun block in the Black Sea, the company said in a statem...
Hidroelectrica Expects EUR6M From Carbon Trading
Romania’s insolvent energy producer Hidroelectrica estimates it will raise EUR6 million from selling greenhouse gas allowances power companies can use to offset their emissions.
Artego Expects To Pay RON5M Dividends From 2012 Profit, Double On Year
Romanian rubber bands maker Artego Targu Jiu (ARTE. RO) on Monday said it estimates to pay its shareholders gross dividends of about 5 million lei (EUR1.1 million) from this year’s profit, m...
Dafora Signs $12M Contract For Oil Drilling Works In Israel
Romanian drilling company Dafora Medias (DAFR.RO) on Monday said it concluded a contract worth $12 million for oil drilling works in Israel.