Energy
Romania To Be Suspended From Trading Green Certificates - Sources
Romania stands to lose hundreds of millions of euro following a pending suspension from trading green certificates, since breaches were noted in the national inventory of carbon emissions, p...
Exxon Mobil Expects Neptun Block Development Costs To Reach At Least $3B
The costs of development and production on the Neptun oil block in the Black Sea will range between $3 and $10 billion, if exploration is concluded successfully, Thursday said Ian Fischer, h...
Romania Sets Up Emergency Oil Stocks To Avoid EU Penalties
Romanian government Wednesday approved an ordinance to set up the mandatory stocks of crude oil and petroleum products required in order to avoid infringement proceedings from the European C...
Upetrom 1 Mai Ploiesti To Lay Off Half Of Staff
Romanian oil machinery maker Upetrom 1 Mai Ploiesti will lay off 744 employees in September, according to data from the Prahova county employment agency.
Petrom Gets 3-Year Extension For Onshore Exploration Rights
Romania’s agency for mineral resources ANRM has agreed to extend until September 2014 a series of exploration licenses for onshore fields granted to dominant oil company OMV Petrom (SNP.RO),...
Teletrans Reports RON22.6M Sales In First Half
Telecom operator Teletrans, controlled by state-owned power grid operator Transelectrica (TEL.RO), on Wednesday reported sales of 22.6 million lei (EUR5.3 million) for the first half of 2011...
AECL Inks RON35M Consultancy Deal For Cernavoda Project
EnergoNuclear, a joint venture set up to build two additional reactors at Romania’s sole nuclear power plant in Cernavoda, awarded a contract worth 35.1 million lei (EUR8.2 million) to Atomi...
Largest Operational Wind Farms In Romania Equal A Cernavoda Nuke Capacity
The ten largest wind energy projects now operating in Romania have a total installed capacity of over 700 MW, matching that of a nuclear reactor at the Cernavoda power station. Investments i...
Enel Green Power Romania Hikes Share Capital By RON620M, To RON890M
Wind farm developer Enel Green Power Romania, part of Italian utilities group Enel, has increased its share capital by 620 million lei (EUR145.5 million), to RON890 million, through cash con...