Oil and Gas Industry Latest News

05.03.2013 Poland's PKN Orlen Experiments With Alternative Gas Suppliers

Dow Jones reports that Polish refiner PKN Orlen SA (PKN.WA) said Monday it has signed short-term contracts to buy natural gas from five outside suppliers, getting a head start as Poland prepares to partially open its energy market to competition.

28.02.2013 Lietuvos Dujos Releases 2012 Pre-Audited Results

AB Lietuvos Dujos consolidated pre-audited sales of 2012, compared with 2011, increased by 1.8% and amounted to LTL 1,872.7 million (2011: LTL 1,840.0 million). The increase of the sales was caused by the increase in the revenues in the supply activity.

28.02.2013 Latvijas Gaze Releases 2012 Final Report

In 12 months of the year 2012, the JSC Latvijas Gāze sold to the consumers 1.46 billion m3 of natural gas.

27.02.2013 Kiev Wants to Join Russia-led South Stream Gas Pipeline Talks

Prime reports that Kiev wants to participate in all negotiations associated with the construction of the Russia-led South Stream gas pipeline, designed to pump gas to Europe and bypassing Ukraine, Kommersant Ukraine reported Tuesday.

27.02.2013 Ukraine Seeks Spot Supply from Europe to Replace Russian Gas

According to a report by Reuters, Ukraine wants to import up to 8 billion cubic meters of gas per year from central Europe to replace expensive Russian supplies and take advantage of lower prices on the European spot market, a senior energy official said on Tuesday.

25.02.2013 PKN ORLEN Begins Drilling of New Well in the Lublin Region

Following previous announcements concerning intensification of unconventional gas exploration efforts, PKN ORLEN has begun drilling a new well in search of gas in the Lublin region.

25.02.2013 Yanukovich: Kiev Refuses to Pay $7 Billion Fine to Russia’s Gazprom

According to a report by Prime, Kiev will not to pay a U.S. $7 billion fine to Russian natural gas giant Gazprom for failing to import the agreed amounts of gas in 2012, but negotiations will continue, Ukrainian President Viktor Yanukovich said Friday.

22.02.2013 PKN ORLEN's Portfolio of Exploration Licenses Increased to Ten

The Ministry of the Environment has issued its approval regarding the assignment of two licences held by ExxonMobil Exploration and Production Poland (ExxonMobil), to ORLEN Upstream.

22.02.2013 Polish Firms Postpone Shale Gas Deal Deadline to May

Reuters reports that the companies aiming to develop Poland's shale gas resources said on Thursday that they had set a new deadline of May 4 to reach a deal on how to cooperate.

22.02.2013 Estonia and Latvia Don't Want Gazprom Linked to Baltic LNG Project

According to a Reuters report, Gazprom-owned companies should not be involved in any Baltic liquefied natural gas (LNG) terminal because the project's aim would be to cut the region's dependence on Russian supplies, Latvia and Estonia said on Thursday.