Oil and Gas Industry Latest News

14.08.2014 Ukrainian parliament backs bill to open gas pipelines to EU, U.S. firms

Ukraine's parliament approved a law on Thursday to allow gas transit facilities to be leased on a joint venture basis with participation from firms in the European Union or United States. Ukraine will hold 51 percent and foreign partners will be offered 49 percent in the venture, which would manage both transit pipelines and underground gas storage facilities.

08.08.2014 Ukraine may require gas importers to buy from Europe - Naftogaz chief

Ukraine may legally require that natural gas importers purchase a certain amount from Europe, Naftogaz Ukrainy chief Andriy Kobolev said.

05.08.2014 Russia's Lukoil Pulls Out of Three Central Europe States

Russia's largest private oil producer Lukoil said on Monday it was selling its filling stations in three central European nations as part of an "optimisation" plan that has already seen it pull out of Ukraine.

04.08.2014 Sikorski: Poland can ride out Russian energy threats

Foreign minister Radoslaw Sikorski has claimed that Poland would not be left high and dry if Russia issues counter-sanctions in the energy sector.

04.08.2014 OMV: Sanctions on Russia 'Will Not Hinder' South Stream

Austrian energy concern OMV has assured restrictive EU measures against Russia will not put a wheel on the South Stream gas pipeline project.

30.07.2014 Westinghouse, Gov't to Sign Final Deal on Unit 7 Next Year - CEO

US-based company Westinghouse sees big opportunities in Bulgaria, but the government's resignation will delay ongoing projects, CEO Danny Roderick said.

Roderick also told Bulgarian daily Trud the final deal on Unit 7 would be sealed next year.

30.07.2014 The AEB comments on new EU sanctions

The Association of European Businesses (AEB) deeply regrets the new sanctions imposed by the EU on Russia.

30.07.2014 Montenegro 'Interested' in South Stream Pipeline

Montenegro's Economy Minister Vladimir Kavaric announced that his country desired to be included in the South Stream gas pipeline project.

29.07.2014 FX Energy Begins Drilling Karmin Well in Poland

FX Energy, Inc., has begun drilling at the Karmin-1 well in western Poland, the company reported in a news release. The well is a planned test of a Rotliegend sandstone target at an estimated depth of 2,460 meters.