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2014-04-14 19:11:00

TOTAL FAILS POLISH

TOTAL FAILS POLISH

France's Total has not renewed its only shale gas exploration licence in Poland, a spokesman for Poland's environment ministry said on Monday, in the latest decision from an oil major rethinking shale plans in the country.

"Total had an exploration licence in eastern Poland, near Chelm, which expired on April 1," said Pawel Mikusek, a ministry spokesman. "They didn't renew it."

Poland launched a major push into shale three years ago when Prime Minister Donald Tusk announced the country would seek to produce unconventional gas on a commercial scale in 2014.

But a revision in once promising shale reserve estimates, a lack of a legal framework and some poor initial drilling results have prompted Marathon Oil, Talisman Energy and Exxon Mobil to pull out of Poland.

REUTERS.COM.

Tags: TOTAL, GAS, SHALE, POLAND

Chronicle:

TOTAL FAILS POLISH
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

TOTAL FAILS POLISH
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

TOTAL FAILS POLISH
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

TOTAL FAILS POLISH
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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