Energy.

PKN ORLEN S.A. (“Company”) hereby notifies that on 26 August 2019 an agreement was signed between the State Treasury, the Company and Grupa LOTOS S.A. headquartered in Gdansk (“Grupa LOTOS”) in relation to a transaction for the purchase of shares in Grupa LOTOS S.A. by PKN ORLEN S.A. from the State Treasury (the “Agreement”), ( […]

The Japanese investment fund SoftBank VisionFund, which in the past has already invested in start-ups such as Uber, Slack and WeWork, has recently invested USD 110 million in the Swiss Energy Vault start-up from the field of energy storage. The idea of the Swiss is based on the use of composite blocks and their potential […]

“A European strategic long-term vision for a prosperous, modern, competitive and climate neutral economy by 2050 – A Clean Planet for all” presented by the European Commission has initiated a broaddebate about defining the way Europe should be developing in the 2050 horizon. The Polish Electricity Association (PKEE) fully agrees with the idea of an […]

Despite the inauguration of the Fund for Mining and coal Regions, it is not known whether funds for this purpose will be in the new budget of the European Union. It is important because Poland may be its biggest beneficiary – writes Bartłomiej Sawicki, journalist of BiznesAlert.pl.

There is a clear battle going on in the oil market- uncertainty over demand growth versus a constructive supply picture in the near term. But which will prevail? For the remainder of this year, the market should tighten, but moving into 2020 we see a looser balance once again – writes Warren Patterson from ING.

​ORLEN Paliwa, an ORLEN Group company, has signed a cooperation agreement with Green Lab Sp. z o.o. that will help secure diesel supplies for companies of the National Support Centre for Agriculture (KOWR). In the first stage of the programme, ORLEN Paliwa will deliver ca. 16 million litres of diesel oil this year alone to […]

In the second quarter of 2019, PKN ORLEN earned LIFO-based EBITDA of PLN 2.7bn, an increase of more than PLN 600m y/y. Earnings improved despite a more challenging macroeconomic environment, affected chiefly by the declining Brent/Urals differential (down by USD 1.7/bbl y/y). The Group’s LIFO-based EBITDA was driven mainly by robust performance in Downstream and […]

At the Civic Coalition Program Forum held recently in Warsaw, the prominent Civic Platform Member of European Parliament (MEP) on one of the panels stated that „It is too late for the nuclear in Poland. Energy from the nuclear for 10-12 years is too distant perspective”. Well, I can ask a question for whom this […]

A row over the reasons for the Druzhba pipeline contamination crisis gave rise to an open conflict between Russia’s biggest crude producer and the country’s oil pipeline monopoly. But what was initially seen as nothing more than just leveling mutual accusations has gone beyond a typical business quarrel between two large firms. This might eventually […]

Lithuanian Minister of Energy Žygimantas Vaičiūnas talks about reception of the polluted oil crisis in his country and preparations for synchronization with the European electricity system by Poland through Harmony Link.