Germany

EU probes Germany's energy discounts for industry

BRUSSELS (AP) — The European Commission has formally launched an investigation to find out whether an energy price reduction granted to industrial clients in Germany is a hidden form of state aid.

Oil

Germany's RWE to quit oil, gas production

BERLIN (AP) — German energy company RWE AG says it is has decided to abandon production of crude oil and natural gas and will consider options for selling its oil and gas division.

Amid rising energy costs, Germany debates hydraulic fracturing

Source: 
The Wall Street Journal

The German public and government are debating the potential risks and benefits of opening the country to hydraulic fracturing as energy costs rise, The Wall Street Journal reports.

Merkel leaves opening for fracking in Germany

Source: 
Bloomberg
German Chancellor Angela Merkel kept the possibility of tapping shale gas reserves through hydraulic fracturing, saying she will talk with the public and other stakeholders make a final decision, Bloomberg reports.

Germany's E.ON pulls out of Finnish nuclear plans

HELSINKI (AP) — Voimaosakeyhtio SF says it has purchased E.ON's 34 percent share in the Finnish energy company Fennovoima, completing the German utility's withdrawal from Finland's nuclear industry.

Oil

Oil rises above $97 per barrel

NEW YORK (AP) — The price of oil rose above $97 per barrel Thursday, reversing Wednesday's small drop.

Germany: no prospect of shale gas fracking soon

BERLIN (AP) — Germany's environment minister says he doesn't expect the extraction of natural gas by "fracking" will start any time soon in Europe's biggest economy.

German parliament passes resolution on stricter fracking rules

Source: 
Reuters
Germany's upper house of parliament called on Chancellor Angela Merkel to develop stricter regulations for hydraulic fracturing in the country, Reuters reports.

GE makes move for German onshore wind market

Source: 
Bloomberg

General Electric Co. said it is slated to win a "double-digit" share of Germany's onshore wind market in 2015 through besting competition from Siemens and Nordex, Bloomberg reports.

Germany presses EU to reform energy investment systems

Source: 
Bloomberg
German Economy Minister Philipp Roesler caled on the European Union to reform rules to encourage more institutional investors to finance energy infrastructure development, Bloomberg reports.

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