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Poland: Electricity grid at risk because of heatwave
Poland's electricity grid operator Polskie Sieci Elektroenergetyczne (PSE) declared on Friday that a heatwave was progressively restraining the country's power production and might put its operations at risk.
read more... 10/08/2015
Daily: Crude oil plunges to multi-month lows on gasoline oversupply
Crude oil prices plunged, touching multi-month lows and heading for a sixth consecutive week of losses, mainly dragged down by the approaching end of the U.S. summer driving season which increased the surplus in gasoline supply. U.S gasoline inventories surpassed market estimates by about 300,000 barrels last week, pulling down global oil benchmark Brent to six-month lows and U.S. crude to a 4-1/2-month trough since Wednesday, according to government data. Brent declined by 91 cents, or 1.8 percent, to settle at $48.61 a barrel on Friday, after hitting a more than six-month low of $48.45. U.S. crude decreased by 79 cents, or 1.8 percent, to close at $43.87, after hitting a more than four-month session low of $43.80.
read more... 10/08/2015
Germany adds significant new offshore wind capacity
Germany added more than three times the quantity of offshore wind capacity in the first half of this year than in the same period of 2014 and the country hopes to reach half of its 2020 offshore objective of 6,500 megawatts (MW) later this year.
read more... 07/08/2015
Polish PGNiG to launch oil and gas exploration in Germany
Polish state-controlled oil and natural gas company Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is expected to commence oil and gas explorations in eastern Germany, as part of a bigger plan to boost production assets outside Poland.
read more... 07/08/2015
German E.ON to sell Italian hydroelectric plants to ERG
German utility giant E.ON on Thursday decided to divest its hydroelectric plants in Italy to ERG Group for around 1 billion euros ($ 1.09 billion).
read more... 07/08/2015