ECONOMY

Australia’s Woodside Acquires Stake in Offshore Block in Bulgaria

Date: 16.08.2018 Author: Peter Palčec
Australia’s Woodside Acquires Stake in Offshore Block in BulgariaPhoto: www.pixabay.com

The Australian oil and gas company Woodside entered into a farm-in agreement in July 2018 with Shell International Exploration and Development Italia to acquire a 30% non-operated participating

Romanian Nuclearelectrica's EBIT Up 27.3% in H1 2018

Date: 16.08.2018 Author: Tanja Srnovršnik Volarič
Romanian Nuclearelectrica's EBIT Up 27.3% in H1 2018Photo: Incont.ro

Romania's state-owned company Nuclearelectrica, the operator of the Cernavoda nuclear power plant (NPP), posted earnings before interest and taxes (EBIT) of RON 215.25 million (EUR 46.3 million) in

Romanian Romgaz's EBIT Down 11.9% in H1 2018

Date: 16.08.2018 Author: Tanja Srnovršnik Volarič
Romanian Romgaz's EBIT Down 11.9% in H1 2018Photo: Romgaz

The Romanian natural gas producer and supplier Romgaz generated earnings before interest and taxes (EBIT) of RON 921.7 million (EUR 198.1 million) in the first half of 2018, down 11.9% compared to the

Romanian Electrica's Operating Profit Grows Significantly in H1 2018

Date: 16.08.2018 Author: Tanja Srnovršnik Volarič
Romanian Electrica's Operating Profit Grows Significantly in H1 2018Photo: Energetika.NET archive

The Romanian power supplier and distributor Electrica generated an operating profit of RON 261 million (EUR 56.1 million) in the first half of 2018, up from the RON 18 million (EUR 3.87 million)

Romanian Transgaz's Operating Profit Down 31.7% in H1 2018

Date: 16.08.2018 Author: Tanja Srnovršnik Volarič
Romanian Transgaz's Operating Profit Down 31.7% in H1 2018Photo: Energetika.NET

Romania’s national gas TSO, Transgaz, generated an operating profit of RON 317.76 million (EUR 68.3 million) in the first half of 2018, down 31.7% compared to the first half of 2017, according to

German RWE’s Lignite and Nuclear Unit Hit By Lower Realised Power Prices

Date: 15.08.2018 Author: Tanja Srnovršnik Volarič
German RWE’s Lignite and Nuclear Unit Hit By Lower Realised Power PricesPhoto: Roman Peklaj

The lignite and nuclear segment of the German power utility RWE took a large hit in the first half of 2018, mainly due to the lower prices it received on volumes it had hedged well in advance. The

EU Carbon Prices Hit 18 EUR/t

Date: 14.08.2018 Author: Tanja Srnovršnik Volarič
EU Carbon Prices Hit 18 EUR/tPhoto: Ana Vučina Vršnak

European emission allowances (EUAs) traded at 18 EUR/tonne on Monday for the first time since November 2011 as reduced supply during the month of August continued to support the market, reported

IEA Revises Up 2019 Oil Demand Growth But Warns of Risks

Date: 14.08.2018 Author: Tanja Srnovršnik Volarič
IEA Revises Up 2019 Oil Demand Growth But Warns of RisksPhoto: Victor Habbick via FreeDigitalPhotos

The International Energy Agency (IEA) has revised up its 2019 oil demand growth outlook by 100,000 barrels of oil per day to 1.5 million barrels per day, partly due to the downward move of the forward

Serinus Expects to Start Romanian Gas Sales in Late August

Date: 14.08.2018 Author: Tanja Srnovršnik Volarič
Serinus Expects to Start Romanian Gas Sales in Late AugustPhoto: Gazprom

Commercial gas sales from the Moftinu gas plant in the Satu Mare exploration block in Romania are expected to start in the second half of August, wrote Serinus Energy, an international oil and gas

BiH’s Elektroprivreda HZHB Turns to Operating Profit in H1 2018

Date: 14.08.2018 Author: Tanja Srnovršnik Volarič
BiH’s Elektroprivreda HZHB Turns to Operating Profit in H1 2018Photo: Roman Peklaj

Elektroprivreda HZHB, one of the three power utilities in Bosnia and Herzegovina (BiH), generated an operating profit of KM 38.97 million (EUR 19.8 million) in the first half of 2018, whilst in the

WTO Rejects Most of Russia’s Claims With Regard to EU Third Energy Package

Date: 14.08.2018 Author: Tanja Srnovršnik Volarič
WTO Rejects Most of Russia’s Claims With Regard to EU Third Energy PackagePhoto: Roman Peklaj

In a ruling published on Friday, the World Trade Organisation (WTO) rejected most of Russia's claims concerning the alleged incompatibility of the EU's energy policy measures with that of the

BiH: Ugljevik 3 TPP Power Capacity Reduced from 600 MW to 350 MW

Date: 13.08.2018 Author: Peter Palčec
BiH: Ugljevik 3 TPP Power Capacity Reduced from 600 MW to 350 MWPhoto: www.riteugljevik.com

The company Comsar Energy, owned by the Russian billionaire Rashid Serdarov, has asked Republika Srpska’s government to extend the concession granted for the construction and use of the Ugljevik 3

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