FX Energy Inc. (NASDAQ:FXEN) announced that it has started production at the Komorze-3 well, located at its Poland-based Fences concession. Currently, its production rate sits at 1.1 million cubic feet of gas per day.
Articles Tagged "poland"
Last week, Christiana Figueres, executive secretary of the UN Framework Convention on Climate Change, told the World Coal Association's International Coal & Climate Summit that the coal industry that it must "change rapidly and dramatically." Thus far, the response from coal industry members has been positive.
Reuters reported that according to a new report completed by German and Polish researchers, renewable energy groups and Greenpeace, by 2030, Poland may cut its coal demand in half by shifting toward renewable energies.
Bloomberg reported that PGE SA, Poland's largest utility, and Kompania Weglowa SA, the largest coal producer in the nation, have signed an agreement to continue a $3.5-billion expansion of the Opole power plant.
Bloomberg reported that the slump in European coal prices — the longest in at least eight years — looks set to end on the back of falling imports from the United States and production cuts in Russia and Poland.
As nuclear policies in Poland and other Eastern European countries appear to collide with those of some Western European states, the future of industrial progress and economic growth appears to be rising in the east and setting in the west.
Platts reported that coal miners in Poland will invest about $1.26 billion to build new capacity for coal-fired power generation.
Platts reported that Polish miner Bogdanka produced 5.8 million mt of coal in 2011.
Platts reported that lower coal production means Poland's coal exports for 2011 are likely to be 50% lower than last year.
Columbus Energy Limited (CVE:CEL) announced that good progress is being made towards the restart of a Polish coal mine.