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Gazprom and Wintershall sign basic agreement on asset swap

Gazprom and Wintershall have signed an agreement regarding the asset swap between the two companies. The world’s largest gas producer acquired 50% shares in UK and Dutch gas fields operated by Wintershall, as part of a Master Agreement to exchange assets with the German firm.

read more... 30/12/2013

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Total’s five refineries back to work

After a two week strike, Total’s five refineries have restarted operations, as workers at Gonfreville decided to return to work. The protesters, led by the CGT union, insist on an improved pay offer from Total but the company has refused to reopen talks after other unions approved a deal this month.

read more... 30/12/2013

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Switzerland to close its Muehleberg nuclear plant by 2019

Following the March 2011 Fukushima nuclear disaster, the Swiss government has decided to phase out nuclear power as an energy source for electricity generation and to look more towards energy efficiency and renewables.

read more... 27/12/2013

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Daily: UK prompt gas prices increase on Belgium flows halt

Brent crude traded below $112 a barrel on Thursday, holding near a three-week high hit earlier in the session, as civil unrest in Africa slashed supply.

read more... 27/12/2013

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Poland: coal demand could be reduced by 50% by 2030

Poland is one of the fastest-growing economies in the European Union and the power that drives it comes from the dirtiest of fossil fuels- coal. But, according to a new study made by researchers in Germany and Poland, renewable energy groups and environmental group Greenpeace, Poland could reduce by almost 50% its demand for coal by 2030 shifting to wind, solar, hydro, biomass and geothermal energies.

read more... 27/12/2013

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