Energy
Romania’s PM Meets Chevron Officials For Gas Drilling Talks
Romanian Prime Minister Mihai Razvan Ungureanu on Tuesday met with representatives of oil group Chevron, for talks on the group’s intention to start drilling for unconventional gas in the Ea...
Enel Green Power Invested EUR330M In Romania Wind Farms In 2011
Enel Green Power, the renewable energy division of Italian utilities group Enel, has invested EUR330 million to build wind farms in Romania last year, the company said in its financial repor...
Government Approves 2012 Layoff Plan At Coal Company CNH Petrosani
The Romanian Government on Monday approved the layoff of over 250 employees of national coal company CNH Petrosani by the end of the year.
Erste: Petrom To Get Boost From Brent Oil Price Hikes
The average price of Brent oil will rise to $123 per barrel this year, compared to $111 per barrel last year, which is good news for oil companies such as OMV Petrom (SNP.RO), an Erste Group...
Romanian Miners Protest Over Pay, Call For Observance Of Protocol
Almost 450 miners at coal mines Paroseni, Vulcan, Lupeni and Lonea protested Monday in front of the national coal company CNH Petrosani, disgruntled that the company management has failed to...
Government To Ease Township Heating Debts With Treasury Money
Romanian local authorities will be able to take out treasury loans to pay off debts to heat suppliers amassed by December 31, 2011, according to a bill drafted by the Government.
Basescu: Black Sea Find Means Romania Is Looking At Energy Independence
Romanian president Traian Basescu on Monday said that gas drilling in the Black Sea should start in 2015-2017, which is when Romania will gain energy independence.
Cameron Says Only Part Of C Romania Plant Was Sold To Tenaris
US Cameron on Monday announced it has only sold a part of its Campina (central Romania) plant to the Tenaris group, not the entire unit, and it will continue to manufacture various items at...
Bourse Head: Foreign Funds Have The Ability To Buy Transelectrica's Entire Offering
After returning to Romania for just a few days from the European roadshow to promote Transelectrica’s (TEL.RO) offering, Lucian Anghel, chairman of the Bucharest Stock Exchange (BVB.RO), tel...