Oil and Gas Industry Latest News

01.03.2016 Ukrnafta Has Presented its Long-term Development Strategy

On February 26th, Ukrnafta’s new management team delivered a long-term strategy to the company’s Supervisory Board for their consideration.

04.02.2016 Bulgarian MPs Reject Proposal to Renew Construction of South Stream

Bulgarian MPs rejected on Wednesday a proposal submitted by nationalist opposition Ataka party to renew activities related to the construction of the South Stream natural gas pipeline.

21.01.2016 Ukrnafta Сuts Сosts

Due to a continuous decrease of the world oil price for the past few months, Ukrnafta PJSC is taking urgent measures to cut operational costs of the company.

12.01.2016 Poland Considers Mergering Its Oil and Gas Majors

Poland’s government is considering merging the nation’s biggest oil and gas companies PKN Orlen SA, Grupa Lotos SA and PGNiG SA, three stalwarts of the Warsaw bourse, reports Bloomberg.

11.01.2016 Bulgaria Govt Denies South Stream Is to Be Renewed

Russia is set to continue with the South Stream pipeline project in a matter of few weeks, a Bulgarian mass circulation daily has reported.

15.12.2015 Poland's Energy Future Guaranteed?

The 'al-Nuaman' tanker had docked at the newly commissioned LNG sea terminal in Świnoujście, on Friday.

06.11.2015 Lithuania Should Purchase up to 500 mln cbm of Gas from Gazprom in 2016

With Lithuania’s long-term gas supply contract with Gazprom approaching expiry, Lietuvos Duju Tiekimas (Lithuanian Gas Supply, or LDT), a gas imports and supply company controlled by Lithuania’s state-owned energy holding company Lietuvos Energija (Lithuanian Energy), sa

21.10.2015 Interest Reported from Gazprom in Construction of LNG Terminal in Vietnam

Gazprom is considering entry into Vietnam’s energy market and constructing an LNG terminal in Dong Nai – according to news website Vietnam News.

19.10.2015 Poland and Baltic States agree to Build Gas Pipeline

An agreement to build the so-called Poland-Lithuania Gas Interconnection pipeline was signed on Thursday by Estonia, Latvia, Lithuania, and Poland.

15.10.2015 ORLEN Acquires New Production Assets in Poland

Polski Koncern Naftowy ORLEN through its 100% subsidiary, ORLEN Upstream, has entered into an agreement to acquire all outstanding shares of FX Energy, listed on the New York stock exchange NASDAQ.