Friday, December 20, 2024

USA-China Tensions Transform Global Market

After the U.S. elections, relations between the...

BGK and Tauron Sign Record PLN 11 Billion Loan Agreement for Energy Network Modernization

Bank Gospodarstwa Krajowego (BGK) and Tauron have signed a loan agreement that will provide the energy company with PLN 11 billion for modernizing and upgrading its power distribution network....

2024 Highlights the Need to Accelerate Poland’s Energy Transition

In 2024, the need to accelerate the energy transition became increasingly apparent. In Poland's...

ORLEN Upstream Norway Achieves Record Discoveries on the Norwegian Continental Shelf in 2024

In 2024, ORLEN Upstream Norway conducted six exploratory and appraisal drillings, four more than...

ORLEN Boosts Natural Gas Production: New Compressor Station at Kościan-Brońsko Mine Launched

ORLEN has finalized the construction of a natural gas pumping station at the Kościan-Brońsko...

PGE: Investment Decision for Baltica 2 Offshore Wind Farm Expected in Coming Days, Operations Targeted for 2027

The financial and operating results of PGE Polish Energy Group for the third quarter...

Will the Fed raise our fuel prices?

Today, the Federal Reserve (FED) will announce its decision on interest rates. Markets are expecting the first rate cut, but it is still unclear...

Falling Oil Prices and a Strong Zloty Support Lower Fuel Prices at Gas Stations

There is growing potential for gasoline prices to drop to around 6 PLN per liter. Oil prices are falling, and investors are waiting for...

OPEC+ increases production for the first time since 2022

A decline in the prices of Natural 95 and Diesel was observed last week again, with a decrease of 4 gr per liter in...

ORLEN Discovers One of the Largest Oil Deposits in Poland – Rzeczyca Resources Estimated at Over 500,000 Tons

More than 100,000 tons of crude oil are the recoverable resources of the Rzeczyca deposit, discovered by ORLEN in the Lubuskie Voivodeship. Near this...

New Oil Deposits in Lubusz Voivodeship: A Drop in the Ocean of Poland’s Needs

Today, we received information about the discovery of a large oil deposit in the Lubusz Voivodeship. Michał Stajniak, a raw materials expert and deputy...

Polish Coal Industry’s Future: Only 2-3 Mines Needed After 2030, Experts Warn

"It is impossible to maintain several dozen Polish bituminous coal mines with such a small demand for their product. After 2030, we will probably...

Crude Oil Faces Largest Weekly Decline in a Year as Demand Outlook Dims for 2024

Crude oil is heading towards the largest weekly decline in nearly a year. OPEC, along with many analysts, has misjudged the prospects for rising...

AI and Machine Learning Drive Data Centers’ Soaring Energy Demand, Pushing for Green Solutions and Heat Reuse

Artificial intelligence and machine learning consume enormous amounts of energy. The implementation of these technologies on an ever-larger scale is causing a rapid increase...

ORLEN Expands Investment in Mažeikiai and Develops Renewable Energy Projects in Lithuania

The possibilities of investing in renewable energy infrastructure, the progress of the ongoing investment in Mažeikiai, the position in the Lithuanian and Baltic market,...

PGNiG Upstream Norway Starts Low-Emission Oil Extraction from Tyrving Deposit in the North Sea

PGNiG Upstream Norway from the ORLEN Group has begun oil extraction from the Tyrving deposit in the North Sea. The resource reserves are estimated...

ORLEN Signs Five-Year Deal with KN Energies for LNG Terminal Operation in Klaipeda

ORLEN has signed a five-year contract with Lithuania's KN Energies (formerly Klaipedos Nafta) for the exclusive use of a small-scale LNG receiving and transshipment...

hiPower Energy plans to launch an innovative high-efficiency installation in Q1 2025

Hydrogenium P.S.A, a company belonging to NewConnect listed group hiPower Energy, has signed a contract with the Gas Institute of the National Academy of...

A 52 MW photovoltaic farm will be established in the Działoszyn commune – one of the largest renewable energy investments in the Łódź province

A 52 MW photovoltaic farm will be established in the commune of Działoszyn in the Łódź province. The investment covering an area of 65...

The government focuses on liberalizing law for wind power plants, but energy storage from RES remains a challenge

The Polish government has announced plans to introduce new regulations aimed at simplifying the process of locating land-based wind power plants. The proposed amendments...

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