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Coal-Fired Power Plants See Highest Costs In Romania, Unlike European Trend
Energy

Coal-Fired Power Plants See Highest Costs In Romania, Unlike European Trend

The coal sent from the US, a country that is now relying on the cheap shale gas, have caused some of the state-of-the-art European gas-fired thermoelectric power plants to lose ground to tho...

Oana Gavrila · 14.10.2013 · 00:00 · 5 min
Romania Fares Well In EU Energy Production Rankings, But Has No Strategy
Energy

Romania Fares Well In EU Energy Production Rankings, But Has No Strategy

Romania features high in the rankings of energy production in the European Union -- it is number 5 in terms of oil and gas production and boasts major growth prospects given the recent Black...

Tudor Ioana Raluca · 07.10.2013 · 00:00 · 4 min
Romanian Gas, Energy Suppliers Are Owed EUR1B In Unpaid Utility Bills
Energy

Romanian Gas, Energy Suppliers Are Owed EUR1B In Unpaid Utility Bills

Unpaid utility bills due to price increases caused some of energy and natural gas suppliers in Romania to enter insolvency, Thursday said Silvia Vlasceanu, general manager of the association...

Ioana Tudor · 19.09.2013 · 15:12 · 1 min
Romania To Renegotiate Oil, Gas Royalties Next Year
Energy

Romania To Renegotiate Oil, Gas Royalties Next Year

The ten-year contract between oil and gas company OMV Petrom (SNP.RO) and the Romanian state on royalties expires in 2014 and the question is what the new royalties will be, after the renego...

Tudor Ioana Raluca · 18.09.2013 · 08:21 · 4 min
CE Oltenia Feels Petrom And Romgaz Access To Cheaper Gas Unfair Competitive Edge
Energy

CE Oltenia Feels Petrom And Romgaz Access To Cheaper Gas Unfair Competitive Edge

Romanian power producer Complexul Energetic Oltenia (CE Oltenia) says the power it generates from coal could be cheaper than the electricity OMV Petrom (SNP.RO) and Romgaz generate from gas...

Tudor Ioana Raluca · 16.09.2013 · 08:00 · 2 min
Petrom CEO: Romania Has Priority For Black Sea Gas
Companies

Petrom CEO: Romania Has Priority For Black Sea Gas

Mariana Gheorghe, CEO of Romania’s largest oil company OMV Petrom (SNP.RO), said Petrom and US ExxonMobil, its partner for deepwater Black Sea exploration, set off talks with Transgaz to ana...

Ecaterina Craciun · 19.08.2013 · 00:00 · 5 min
Deepwater Drilling, Shale Gas Exploration Entice Halliburton Into Expanding Business In Romania
Energy

Deepwater Drilling, Shale Gas Exploration Entice Halliburton Into Expanding Business In Romania

U.S. giant Halliburton, one of the world’s largest oilfield services providers with turnover of $28.5 billion, employs 67 people in Romania and plans to increase staff to 100 people in the m...

Ioana Tudor · 06.08.2013 · 11:28 · 1 min
GDF Suez: No Divestment Contemplated In Romania
Energy

GDF Suez: No Divestment Contemplated In Romania

Romania is a key country for GDF Suez and the group is not contemplating any asset sale in this market despite the EUR11 billion divestment program conducted to reduce debt, said Jean-Franco...

Tudor Ioana Raluca · 15.07.2013 · 00:00 · 3 min
Grup Servicii Petroliere Bidding For Black Sea Contract
Energy

Grup Servicii Petroliere Bidding For Black Sea Contract

Grup Servicii Petroliere, an offshore drilling company part of the Upetrom group of businessman Gabriel Comanescu, is bidding in what could be the tender of the year to get a contract with E...

Tudor Ioana Raluca · 15.03.2013 · 00:00 · 2 min