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IEA report: Oil demand likely to reduce in 2017, non-OPEC countries seen rising production

The demand for oil is anticipated to decrease from 1.6 million barrels a day in 2016 to 1.4 million barrels a day in 2017 which will add more issues for the producers while they could try to increase prices, as indicated in the International Energy Agency report published earlier this week, based on the early 1st quarter indicators showing slowdowns in Japan, Germany, Korea and India in January 2017.

read more... 16/03/2017


Innogy promises higher-than-predicted dividend

Innogy, Germany's biggest energy group, on Monday promised shareholders a dividend somewhat above market expectations, a boon for its struggling parent which continues to suffer from losses at its power plant division.

read more... 13/03/2017


German KfW agrees on 45 mln euros loan for Serbian power plant clean-up project

Germany's development bank KfW will lend 45 million euros to Serbian state-run power distributor Elektroprivreda Srbije (EPS) for a project to modernise the ash handling system at the country's largest coal-fired power plant complex.

read more... 01/03/2017


Spanish Iberdrola installs first turbine at Wikinger offshore wind farm in Germany

Spanish electric utility Iberdrola unveiled it has completed the installation of the first wind turbine at the 350 MW Wikinger offshore wind farm off the coast of Germany, marking a new milestone in the development of the project.

read more... 22/02/2017


Germany: Gas imports down 3% in 2016

Germany’s gas imports fell by 3% in 2016 compared with 2015, according to data from trade statistics office BAFA.

read more... 21/02/2017