Oil and Gas Industry Latest News

30.05.2014 Prime minister says Ukraine can pay Gazprom bills

If Kyiv and Moscow find a compromise solution with respect to the price of gas, Ukraine will be ready within 10 days to pay off all its debts to Gazprom, Ukrainian Prime Minister Arseniy Yatseniuk told the German newspaper Bild in an interview, Ukrinform reported on May

30.05.2014 Ukraine cabinet increases Naftogaz authorized capital

The Cabinet decided to increase the authorized capital of NJSC Naftogaz of Ukraine by almost UAH 22.3 billion, Ukrinform has reported. A relevant resolution of May 29 was published on the government portal.

30.05.2014 TPAO to increase stake in Azerbaijan’s Shah Deniz project

Turkish Petroleum Corporation (TPAO) will increase its stake in the project on development of Azerbaijan's giant Shah Deniz field in the Caspian Sea to 19 percent, Azernews reported on May 30.

29.05.2014 Australian companies interested in Ukrainian LNG terminal

Australian companies consider investing in the planned LNG terminal in Odessa Region, Australian Ambassador Jean Dunn has told economy minister Pavlo Sheremeta at a meeting, Sheremeta’s press service has said.

29.05.2014 Cadogan Petroleum to drill new well in Ukraine by September

Following the Company's announcement dated 15 May 2014 stating that 3 new drillable prospects had been identified in Debeslavetska, the Company is pleased to report that a fourth drillable prospect, comprising 3 different levels down to a depth of approximately 350m, has

29.05.2014 If Ukraine does not pay for June, gas supply to be restricted on June 3 - Gazprom

If Ukraine does not pay to Russian energy giant Gazprom on an invoice for gas supply in June, gas delivery amount will be restricted on June 3, Gazprom CEO Alexei Miller said at a government meeting chaired by President Vladimir Putin on May 28, ITAR-TASS has reported.

29.05.2014 EU asks Ukraine to pay half of April-May debt amid price dispute

The EU has proposed Ukraine to repay half of its debt for gas supplies in April-May until Moscow and Kiev agree upon a new gas price, EU Commissioner for Energy Gunther Oettinger said on May 28 after a round of the trilateral Russia-Ukraine-EU consultations on gas issues

29.05.2014 Prime minister says Ukraine ready to sue Russia over gas prices

Ukraine’s Prime Minister Arseniy Yatsenyuk has confirmed that Ukraine is ready to sue Russia at the Stockholm Chamber of Commerce Arbitration Institute over its dispute over gas prices, ITAR-TASS reported on May 28.

29.05.2014 Ukraine’s claim to Crimea should not be linked to gas talks - Oettinger

The European Union has recommended Kiev not to link Ukraine’s claims to Crimea’s gas reserves with the three-party talks on repayment of Ukraine’s debt for Russian gas supplies, European Commissioner for Energy Guenther Oettinger said on May 28, ITAR-TASS has reported.

29.05.2014 Belarus to raise oil export duties

On 1 June 2014 Belarus will raise export duties on oil and oil products exported outside the customs territory of the Customs Union in line with Council of Ministers executive order No.513 of 27 May 2014, the press service of the Belarus government told BelTA on May 28.