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Poland set to go ahead with largest ever coal-fired power plant

Elektrownia Ostroleka, a company co-owned by energy giants Enea and Energa, has been awarded a 15-year contract to build and operate Ostroleka C, set to become Poland’s largest coal-fired power plant.

read more... 27/12/2018

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Shell announces major pivot to green energy

Royal Dutch Shell revealed an ambitious plan to double its investments in green energy in what appears to be the next phase in the oil giant’s efforts to decarbonize.

read more... 27/12/2018

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Norway not to halt 288-MW Fosen Vind project

Norway’s energy ministry said Friday it would not be halting construction of Fosen Vind’s 288-MW Storheia wind farm, despite concerns about the turbines’ impact on reindeer herding in the area.

read more... 27/12/2018

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Daily (26.12.2018): The German power contract plummeted by 92.6% on Monday, due to weaker demand ahead of holidays

The recent agreement between OPEC and Russia on a 1.2 million bpd production cut for 2019 could not stop the decline in crude prices on Monday, as a potential rise in U.S. interest rates and trade tensions between the world’s biggest economies weighed down on the markets. WTI crude price tumbled by 7.2% to $42.53 a barrel, while Brent oil was 6.6% down at $50.47 a barrel, or their lowest levels since August 2017.

read more... 26/12/2018

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Total in talks to offload oil and gas assets in UK North Sea

French firm Total is reportedly in discussions to pursue the sale of some of its oil and gas assets in the British North Sea.

read more... 26/12/2018

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