Latest news
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
Daily: Crude oil prices continue to decline below $45 a barrel on oversupply
Crude oil futures prolonged their decrease on Thursday as a continuous global oversupply, a dollar appreciation and worries about China’s economy continued to impact the market. Brent crude declined 7 cents, or 0.1%, to settle at $49.52 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures lost 49 cents, or 1.1%, to close at $44.66 a barrel, its weakest settlement price since March.
read more... 07/08/2015
Siemens to invest in construction of its first offshore wind production facility in Germany
German engineering giant Siemens unveiled its plans to invest about €200m in the construction of its first production facility for offshore wind turbine components in Germany.
read more... 06/08/2015
China expected to add over 1 GW of solar capacity
China is expected to add over 1 GW of solar capacity, as the development of two massive projects gets underway.
read more... 06/08/2015