Romgaz considers developing cogeneration plant with Oradea municipality

12/04/2019 09:00 Energy


Romgaz, Romania’s state-controlled natural gas producer, considers a new investment in a combined power and heating plant (or cogeneration plant) in Oradea, in partnership with the municipality, reported.

The company ponders setting up an association with the operator of the centralized heating system in the city, controlled by the City Hall. Thus, a working group was set up within the company to prepare a feasibility report to jointly develop with Termoficare Oradea SA a high-efficiency cogeneration unit, according to a company document.


Romgaz is already working on a new 430 MW gas power plant at Iernut. It also announced plans to build a new combined-cycle power plant (a power plant that used the heat generated in the first cycle to make more power) with an installed power of 400-500 MW at Mintia, for which it is planning to complete its feasibility study by the end of August this year.


Nordex unveils 350-MW US deal for 4-MW class turbines

15/05/2019 09:26:00

German wind turbine maker Nordex today announced an order for 350 MW of its Delta4000 machines from an unnamed energy supplier in the US.


Russia Oil Production Dips

15/05/2019 09:16:00

Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Oil Price reported on Tuesday, citing two industry sources, which means that Moscow is finally within its cap under the OPEC+ deal.


Daily (14.05.2019): NBP day-ahead price tumbled by 8.1% on Monday, due to milder weather forecasts

14/05/2019 11:01:00

Crude oil prices lost ground on Monday, as China-US trade negotiations escalated further, and China claims to impose higher tariffs on a range of U.S. goods. Investors fear that the trade war can intesify and cause disturbances in global economy. As a result, Brent crude edged 0.6% lower to $70.23 a barrel, while WTI futures traded 1% lower at $61.04 a barrel.