energyobserver

information on the energy sector

HIGH-TECH SOLUTIONS FOR ROMPETROL RAFINARE’S TRANSPORTS / ENERGYNOMICS.RO

Rompetrol Rafinare, a member of the KMG International Group, together with its main partner for domestic rail transport, Romanian Rail Group, successfully implemented a real-time monitoring and control system for oil products traffic.

11.05.2019 · ROMANIA

TRANSGAZ HAS SIGNED THE MEMORANDUM OF UNDERSTANDING TO TAKE OVER THE GAS TO BE PRODUCED BY BLACK SEA OIL & GAS / ENERGYNOMICS.RO

On Monday, May 6, SNTGN Transgaz SA signed the Memorandum of Understanding on the use and development of the natural gas transmission network for the Midia Gas Development Project (“MGD Project”) with Black Sea Oil & Gas (BSOG). This comes immediately after the Ministry of Energy has issued the decision that allows Transgaz to start the works of the Podişor pipeline, which will unite the Black Sea platforms with the national transport system as well as the future BRUA project

11.05.2019 · ROMANIA

MOL GROUP ANNOUNCES A GLOBAL PROFIT BEFORE TAX OF USD 500 MLN. AND RISING DIESEL SALES IN ROMANIA / BOGDAN TUDORACHE / ENERGYNOMICS.RO

Mol posted an EBITDA of over USD 500 million in the first quarter of 2019, the company said.

11.05.2019 · HUNGARY

NUCLEARELECTRICA – 3 MAJOR INVESTMENT PROJECTS AND THE FINANCING FOR THEM / ENERGYNOMICS.RO

At present, SNN is focusing on three major investment projects, said Cosmin Ghiță, Nuclearelectrica’s general manager, at a CNR-CME conference in Bucharest: the detritiation facility, the refurbishment of Unit 1 in Cernavodă and the project of Units 3 and 4.

11.05.2019 · ROMANIA

THE SIBIU DECLARATION – GENEROUS PRINCIPLES TO BE TESTED VERY SOON / ENERGYNOMICS.RO

EU leaders gathered in Sibiu, Romania, for a special summit on Europe Day to proclaim their unity before the European Parliament elections in two weeks (also read European elections on May 26 – 3 reasons why it is important) and amid the strong turbulences against the EU (BREXIT, asymmetric threats, stranded euro Atlantic relationship, climate vs economic competitivity. How the EU answers such challenges will define the future of the continent for the next decades (also read The EU is about to define itself a new strategic vision).  This is the official Sibiu Declaration.

11.05.2019 · ROMANIA

OMV PETROM: NOTHING HAS CHANGED IN THE DECISION ABOUT THE BLACK SEA EXPLOITATION – WE HAVE NOT TAKEN ANY NEW DECISION / BOGDAN TUDORACHE / ENERGYNOMICS.RO

OMV Petrom’s new report released last week led some analysts to interpret that the company would have taken a new decision to postpone investment in the Black Sea, a fact firmly denied by a company official for energynomics.ro.

11.05.2019 · ROMANIA

SHAREHOLDERS DO NOT AGREE FOR HIDROELECTRICA TO HIRE LAWYERS / ENERGYNOMICS.RO

Hidroelectrica’s plans to diversify and develop the production portfolio through new projects can be done, but only with its own strength. For the shareholders did not approve the acquisition of consulting advisory services requested by the company for „the company’s objective to diversify and develop its production portfolio through new projects, both through business transfer, acquisition of holdings, development of innovation centers, research, acquisition of shares of other companies or other methods”, says a document quoted by investenergy.ro.  

11.05.2019 · ROMANIA

ENEL GROUP ANNOUNCES A NET ORDINARY INCOME UP 11.3% IN Q1 / ENERGYNOMICS.RO

Enel Group announced revenues worth 20,891 million euro (as opposed to 18,946 million euro in the first quarter of 2018, marking an increase of 10.3%) and a group net ordinary income of 1,159 million euro (1,041 million euros in the first quarter of 2018, +11.3%).

11.05.2019 · ITALY

NEW ENERGY SAVING SUBSIDY PROGRAM FOR AGGREGATORS / ENERGYPRESS.EU

The energy ministry is working on a new energy efficiency subsidy program for homes and businesses to be offered alongside a new round of the ‘Saving At Home’ program, scheduled to be launched in June.

11.05.2019 · GREECE

INDUSTRY: DEMAND RESPONSE, TARGET MODEL NEEDED FOR CATS / ENERGYPRESS.EU

The implementation of the target model and demand response mechanism are necessary for the acceptance of a permanent CAT mechanism for capacity, energy-intensive industrial enterprises have underlined.

11.05.2019 · GREECE

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