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  • In order to meet his needs, man has used natural energy resources, first the ones at hand, then more and more varied ones, by processing them and making them meet better his demands. As the level of knowledge grew in time, determining the evolution of technologies and the desire for increasing the standard of living, conditions were created to replace some energy resources with new ones. Evidence regarding natural gas and its caloric capacity were not valued at their true level for years, while using them was made at an
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    • Special Focus
  • The subject of this editorial, together with the publishing of the study released by Ernst & Young included in this current issue – ‘Managing bribery and corruption risks in the oil and gas industry’, is not accidental. The US Vice-President Joe Biden, during his visit in our country, stressed in his speech, among others, an important aspect: the connection between corruption and national security. Besides assessing the support for Romania for ensuring energy independence, the American official insisted on a matter of interest for the US, specifically the sanitization, the removing
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    • Editorial
  • The US is the most developed country in terms of technology as well as from the point of view of the extracted shale gas, involving areas of interest of hundreds and thousands of square kilometres. As far as Europe is concerned, according to recent estimates, the shale gas resources might cover the gas demand for the next 60 years, and their exploitation could lead to the significant cuts of imported gas from Russia. According to a study published last year by the Energy Information Administration (EIA), an US institution specialized
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    • Oil & Gas
  • Specialized in power generation solutions and engines, Eneria Romania has in view to be recognized as the first choice in all fields of its activity, when it comes to finding and solving the problems clients are facing. Eneria team has expertise and know-how in setting up, installing, commissioning, maintaining and servicing generator sets, uninterruptible power supplies (UPS), as well as other applications based on engines. The products used as part of this vision are coming from the part played as exclusive dealer of Caterpillar Power Systems in Romania, as part
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    • Interview
  • OMV Petrom net profit has decreased by 19 percent during Q1 of 2014, down to RON 1.075 billion, as compared to the similar period last year, reads the financial report of the company. In Q1 2013 the company had registered a net profit of RON 1.332 billion. Furthermore, OMV Petrom sales shrank by 9 percent to 5.296 billion, against RON 5.789 billion during the similar period last year. “Our financial performance in Q1/2014 is mirroring the higher fiscal burden and a deteriorated market environment. The lower demand on the gas,
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    • Review & Preview
  • Rompetrol Rafinare, part of KMG International group, has reported the closing of Q1 with a USD 1.3 billion, up 48 percent from USD 884.3 million in the similar interval of 2013, based on increased sales, while losses peaked to USD 26.8 million. The reported losses went up 6.7 percent against USD 25.1 million registered in the same interval last year. “Company’s consolidated financial results have been positively influenced by higher sales vs. Q1 last year and negatively influenced by international quotations for crude oil and oil byproducts,” a company release
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    • Review & Preview
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June 2014

June 2017