Energy
Petrom’s CFO About The Crisis: That’s The Interesting Part Of Our Job
Daniel Turnheim is the youngest member of the management of Petrom (SNP.RO). He took over as chief financial officer a year ago. The 36-year old executive’s appointment came at a time when t...
Rompetrol Drills 2 Wells In Satu Mare Block
Romania’s second largest oil group Rompetrol is drilling two exploratory wells in the northwestern region of Satu Mare, in a total investment estimated at over $5 million, the company said i...
Hidroelectrica Goes To Court To Keep Force Majeure
Romanian hydropower producer Hidroelectrica went to court in a bid to maintain its drought-sparked force majeure status, challenging the force majeure acknowledgment withdrawal by the Chambe...
FIC: Romania Needs To Draw More Investments To Energy
Romania has major potential for growth on the energy segment, but exploitation requires large investment, which will be not drawn from private investors as long as policies are not consisten...
Hidroelectrica IPO Depends On Market Conditions - GM
Romanian state-run hydropower generator Hidroelectrica could be floated on the Bucharest stock exchange in three to six months, once the technical details of the offering are completed, but...
Hidroelectrica Asks Regulator For 50% Hike In Electricity Price
Romanian hydropower producer Hidroelectrica asked energy regulator ANRE to allow a price increase of up to 50%, starting January 1, on the electricity it delivers, since costs have increased...
Rompetrol To Launch Six Gas Stations In Moldova By End-November
Rompetrol Moldova, a member of oil group Rompetrol, will launch six new gas stations in Moldova by the end of November, reaching a total 43 gas stations nationwide.
Cora To Operate As Energy Trader In Romania
Romania Hipermarché, operator of Cora chain of hypermarkets, Monday said it has received authorization to act in capacity of electric energy trader on the local market.
Romania Allows Sterling Resources To Share Stake In Black Sea Blocks
Romania’s mineral resources administrator ANRM approved the transfer of a 35% stake in two Black Sea oil blocks from Sterling Resources to two firms partnered with the Canadian company.