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Lukoil Overseas and Vanco International to explore two offshore blocks in Romania

A consortium, formed by Lukoil Overseas and U.S. Vanco International signed concession agreements with the National Agency for Mineral Resources of Romania. The agreements provide the joint exploration and development of two blocks, Est Rapsodia and Trident, in the Romanian sector of the Black Sea.

read more... 28/02/2011


Romania – future joint member of South Stream gas pipeline project

Gazprom will keep financing the South Stream gas pipeline project, which has to be ready until 2015, according to Gazprom Chief Executive Alexei Miller.

read more... 14/10/2010


Romania attracts wind investors.

Bucharest made its renewable energy a priority hoping to meet EU carbon emission targets, by having 20 percent of its power coming from renewable energy.

read more... 08/10/2010


Hungary joins AGRI LNG Interconnector gas supply project

Hungary has signed an agreement with Azerbaijan, Romania and Georgia to join the Azerbaijan-Georgia-Romania Interconnector (AGRI) project, which would help diversify energy supply as the Hungarian government said on Tuesday.

read more... 15/09/2010


Hidroelectrica will invest 3 billion Euros over the next 7 years

Romanian hydropower company Hidroelectrica will invest 3 billion Euros over the next seven years in building 50 new units and upgrading several current ones.

read more... 10/09/2010