The Agreement's key priority is the expansion of the existing exploration and production cooperation and the application of MOL technology in Kazakhstan.
Project will be co-financed from an EU program run by the Romanian Ministry of Energy.
The AADMS Integrated Platform, with the power grid analysis and modeling modules, will be realized through European fund.
Rompetrol Rafinare announces a turnover of 3.57 billion dollars and losses of 66.7 million dollars in the first 9 months of the year.
The Group's management updates the Strategic Plan targets for the period 2025-2027.
In terms of operational highlights, the owned renewable energy sources (RES) production registered a 38% YoY increase in the first nine months of 2024.
The wind turbine installed by Eurowind Energy is the first of a total of 8 Siemens Gamesa SG 6.6-170 turbines, the largest type of wind turbine generator in Romania.
The project brings energy cost savings of around €100 000 per year and over €2.5 million over the lifetime of the system.
Since 2004, the company has carried out over 12.5 million technical analyses, directly supporting the Petromidia Navodari and Vega Ploiesti refineries.
For the third quarter, the company reported a CCA operating result excluding special items of RON 1.6 billion, down 36%.
With an installed capacity of approximately 710 MW, the photovoltaic parks acquired by OMV Petrom are among the most important projects of this type in South-Eastern Europe.
The 23 wind turbines will be located on land plots in the localities of Deleni, Costești, Bogdănești, while the interconnection transformer station will be located in Banca.
Validation of near-term and long-term science-based greenhouse gas emission reduction targets to reach net-zero by 2040.
The transaction was closed in October 2024, coinciding with the completion of the previously announced sale by Renovatio of 50% of the shares of Electrocentrale Borzești.
More and more Casa Verde beneficiaries want to install photovoltaic systems to have zero energy consumption, not just to cover the minimum daily consumption.
Restart Energy has so far completed more than 150 PV projects and installed more than 50 MW with the capacity to produce 20.54 GWh and avoiding 13 411 tons of CO2 emissions.
The Technology and Innovation Division will focus on deploying advanced AI-based systems for ESG management, streamlined operations, and data-driven decision-making.
The renewable energy generated, which could power around 73,000 households annually, will help avoid almost 63,000 tonnes of CO2 emissions.
To execute these projects, the two companies intend to utilize their own financial resources, bank financing, and European funds.
Restart Energy has so far completed more than 150 PV projects and installed more than 50 MW with the capacity to produce 20.54 GWh and avoiding 13 411 tons of CO2 emissions.
PPC Group was named one of the "Most Honored Companies", an exclusive title awarded to just 33 out of 332 evaluated companies in Emerging EMEA region, placing PPC in the top 10%.
MOL has also signed a Memorandum of Understanding with SOCAR to evaluate further potential cooperation opportunities in the area of hydrocarbon exploration in Azerbaijan.
New report finds $115 trillion in power-sector investment needed for net-zero goals and guides energy providers on how to drive an equitable transition for consumers and themselves.
The new photovoltaic park will generate a significant amount of green energy annually, reducing the carbon footprint and diversifying the energy sources available in the market.
The energy price cap scheme for consumers in Romania is ending on Monday, after almost four and a half years.
The final 18 kilometres of the A0 southern semi-ring road have opened to traffic on Monday, which will enhance highspeed road connectivity in southern Romania.
The Dr. Holhoș network has inaugurated the largest private ophthalmology hospital in Transylvania, following an investment of approximately €6 million.
Cargo traffic through the Port of Constanța dropped by over 27% in Q1 2025, while traffic via the Danube-Black Sea Canal was approximately 40% lower compared to the same period last year.
Romanian gas transmission company and its Serbian peer JP Srbijagas have signed a Memorandum of Understanding for the construction of two crucial natural gas pipeline projects.