energyobserver

information on the energy sector

EC HUNEDOARA RECEIVED ILLEGAL STATE AID / ENERGYNOMICS.RO

The European Commission has found that energy producer Complexul Energetic Hunedoara (CE Hunedoara) received around €60 million of incompatible State aid from Romania through four publicly financed loans, writes an official press release. Romania now needs to recover the illegal aid plus interest.

10.11.2018 · ROMANIA

MOL UPS EBITDA MEDIUM-TERM TARGET BY 10% / MOL UPS EBITDA MEDIUM-TERM TARGET BY 10% / ENERGYNOMICS.RO

MOL held an Investor Day in London to provide a progress report and an update on the strategic targets defined in the “MOL Group 2030” strategy announced two years ago. While retaining its resilient, integrated business model and consistently delivering strong results, MOL has embarked on a journey to transform itself to become a leading chemicals company in CEE and a truly customer centric organization, and to be the first choice of employees, customers and investors.

10.11.2018 · MOL

FRENCH OIL GIANT TOTAL STARTS THIRD DRILLING FOR GAS AND OIL OFF BULGARIAN COAST / ENERGYNOMICS.RO

French oil giant Total and its partners Austria’s OMV and Spain’s Repsol have started drilling a third well in a block off the Bulgarian coast in the Black Sea, Total’s Bulgarian business said on Wednesday, reports Reuters. It said the drilling will take place on Block 1-21 Han Asparuh, some 107 kilometres east of the Black Sea port of Varna, following two previous drilling campaigns, acording to novinite.com.

10.11.2018 · BULGARIA

US UNABLE TO BRING IRAN’S OIL TO ZERO: ROUHANI

Iranian President Hassan Rouhani said Saturday the U.S. will not be able to bring the Islamic Republic’s oil exports to zero. 

10.11.2018 · US / IRAN

GE RENEWABLE ENERGY'S LM WIND UNIT OPENS TECH CENTER

LM Wind Power, a unit of GE Renewable Energy, opened a new Technology Center Americas facility in North America to test and develop new technology for turbine blades, the company announced Thursday.

10.11.2018 · GE_RENEWABLE_ENERGY'S

EC APPROVES AID FOR GREECE-BULGARIA GAS INTERCONNECTOR

The European Commission (EC) approved public support from Greece and Bulgaria for the Greek-Bulgarian natural gas interconnector, the Commission announced on Thursday.

10.11.2018 · GREECE / BULGARIA

GROWING RESULTS FOR OMV PETROM AT NINE MONTHS – ANALYSTS / ENERGYNOMICS.RO

OMV Petrom (SNP) will report improved financial results for the first nine months of the year, analysts say, as oil prices have risen to an upward trend internationally since the beginning of the year. After the first nine months, both the Brent and West Texas Intermediate (WTI) quotations climbed by over 20%.

03.11.2018 · ROMANIA

KMGI AND SAPE LAUNCHED THE KAZAKH – ROMANIAN ENERGY INVESTMENT FUND WITH TWO PROJECTS IN PIPELINE / ENERGYNOMICS.RO

KazMunayGas International (KMGI) and Societatea de Administrare a Participațiilor în Energie (SAPE) which is owned by the Ministry of Energy have signed the association agreement for the establishment of The Kazakh – Romanian Energy Investment Fund, in accordance with the provisions of the Memorandum of Understanding signed between the Romanian State and KMGI (former Rompetrol Group).

03.11.2018 · ROMANIA

POST-MORTEM: AUDITORS ANALYSE EU’S FAILED CARBON CAPTURE PROJECTS / ENERGYNOMICS.RO

EU-funded efforts to boost the uptake of carbon capture and storage (CCS) technologies have failed largely because of a lack of coordination and long-term strategies that scared away investors, according to a report by the European Court of Auditors.

03.11.2018 · ROMANIA

CEZ SCHEDULES FOR 2019 SIMILAR INVESTMENTS TO THOSE IN THE LAST YEARS / ENERGYNOMICS.RO

Investment in the power distribution grid in Oltenia will stay at ambitious levels, said Adrian Borotea, Group Strategy and EU Agenda Division Director at CEZ Romania, at an event organized by energynomics.ro.

03.11.2018 · ROMANIA

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