Tag: investment

OMV Petrom reports non-cash net impairment under revised oil price forecast – Romania, 24 September 2020

The largest Romanian oil and gas company OMV Petrom, a part of Austrian OMV Group, estimates non-cash net impairments of around 72 million euros after tax, triggered by the revision of price assumptions. In Upstream segment, the company expects total non-cash net impairments of around 164 million Full article available for subscribers of Energy NEWS […]

Romgaz blames Government’s gas release program for lower financial results – Romania, 24 September 2020

The profit, income, and investments of Romanian natural gas producer Romgaz will be revised downwards by about a quarter, under a proposal made by the management to the shareholders. Accorind to Romgaz management, the revision is mainly due to weaker demand, production, and prices, amid the coron Full article available for subscribers of Energy NEWS […]

Elicio plans new wind farms near Pancevo – Serbia, 22 September 2020

Country Manager for Serbia of Belgian company Elicio NV Christophe Bols said that the company is interested in further increasing its wind power portfolio in the country. Elicio NV already commissioned two wind farms in Serbia – 42 MW Alibunar in 2018 and 8 MW Malibunar in 2017. Bols explained th Full article available for […]