Oil and Gas Industry Latest News

28.07.2014 FX Energy announces five wells through year-end 2014

FX Energy, Inc., today announced its drilling schedule through the end of 2014.  The Company plans to start drilling two wells in August, one well in September and two more wells in the fourth quarter of 2014.

21.07.2014 Polish minister insists no more delays for LNG terminal

Minister of Transport Wlodzimierz Karpinski has insisted that a LNG terminal in Swinoujscie, north west Poland, will not be subject to further delays and it will open in mid-2015.

21.07.2014 Cut off by Russian Gazprom, Ukraine Reduces Gas Consumption by Over 17%

Ukraine, which has been cut off from Russian natural gas supply for a month now, managed to reduce domestic gas consumption in June down to 1.476 billion cubic meters - 17.3 percent decline compared with the previous month, according to the State Statistics Service.  Not

16.07.2014 Contractual gas supplies from Ukraine to Poland unaffected - PGNiG

At present, the supply of imported natural gas to PGNiG SA, including volumes supplied through Ukraine, is continuing uninterrupted. Since the onset of tensions in Ukraine, the Company's Operational Response Team has monitored the developments.

11.07.2014 Ukraine rules out gas transport system privatization

Ukraine’s gas transportation system and national power company Ukrenergo will not be privatized, Energy and Coal Industry Minister Yuriy Prodan said on Thursday.

08.07.2014 Shell Holds To Shale Plans in Ukraine

Shell still intends to produce gas from compacted sand in Ukraine. Currently, work has reached the first, preparatory, stage – a baseline environment status evaluation of Yusovsky site.

30.06.2014 Europe getting enough gas, Gazprom says

European consumers serviced by Gazprom are getting natural gas at levels they'd normally get during the winter, the company's chief executive said Friday.

25.06.2014 Russia: Bulgarian South Stream Section Faces no Insurmountable Issues

Russian Energy Minister Alexander Novak has expressed certainty that the problems surrounding the construction of the South Stream gas pipeline section in Bulgaria will be solved.

25.06.2014 Hungary Approves 10 Billion Euro Russia Loan for Nuclear Upgrade

Hungarian lawmakers approved Monday a multi-billion-euro loan from Russia for an upgrade of the country's only nuclear power plant, a deal critics say increases Hungary's dependence on Moscow.

24.06.2014 Gas flows to EU from Ukraine via Slovakia normal on Tuesday

Natural gas flows to the European Union from Ukraine through Slovakia were running normally on Tuesday morning, Slovak pipeline operator Eustream said on its website.