Energy
Romanian Energy Price Liberalization Pushed Back Two Years, Until 2017
Romania will deregulate the price of energy supplied to the public between 2013 and 2017, i.e. over two extra years than initially agreed, Istvan Szekely, head of the European Commission's m...
OMV Petrom, ExxonMobil Announce Hydrocarbon Discovery In Black Sea Well
Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania have found natural gas in a test drilling at the Domino-1 deepwater well in a joint Black...
Transelectrica Has Maxed Out Its Credit Card
Romanian state-run power grid operator Transelectrica (TEL.RO) has maxed out its capacity to borrow money from banks and is looking for alternative resources to finance its planned investmen...
Economy Ministry: Romania's Gas Consumption To Drop In The Next Days
Romanian natural gas consumption is expected to drop by around 2.5 million cubic meters a day over the weekend, due to lower activity in the industry, the Economy Ministry said in a statemen...
Suppliers May Ease Costs Faced By Power Grid Operator Under Cold Weather
Increased energy consumption in this interval, caused by low temperatures, will generate an increase in costs, which will paid by consumers and possibly suppliers, Friday said Marian Cernat,...
OMV Petrom's Power Plant To Start Production In Second Half Of 2012
The thermal power plant built by oil company OMV Petrom (SNP.RO) in southern Romania will most likely start activity in the second half of 2012, after technical difficulties, according to a...
OMV Books EUR120M Provision In 4Q For Petrom Fine
Austrian oil and gas group OMV Friday said it booked a special charge of some EUR120 million in the fourth quarter of 2011, for the fine imposed by Romanian competition authorities to OMV Pe...
Basescu Cancels Visit To Black Sea Oil Platform Due To Bad Weather
Romanian President Traian Basescu has cancelled his visit scheduled for Saturday to ExxonMobil’s oil platform in the Black Sea, due to unfavorable weather conditions.
Verbund To Complete Half Of SE Romania Wind Farm By July
Austrian state-owned energy company Verbund is set to complete the first half of its Romanian EUR300 million wind farm project in June-July, Friday said Ovidiu Pop, the company’s representat...