PGNiG Upstream International AS, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, has been awarded interests in four exploration and production licences in Norway as part of the 22nd licensing round carried out by the Norwegian Ministry of Petroleum and Energy
The PGNiG Group has reported PLN 1.07bn in net profit for Q1 2013, relative to PLN 333m for the corresponding period of the previous year.
Polish gas monopoly PGNiG fired its chief executive on Monday after she failed to stop a joint venture with Russia's Gazprom from opening the way for a new Russian pipeline cutting out Poland's ally Ukraine, Reuters reports.
In the first quarter of 2013, the PGNiG Group sold 5.4 billion cubic metres of natural gas, setting its new record of quarterly sales.
In Q1 2013, the Group produced 1.15 billion cubic metres of natural gas.
Polish gas company PGNiG will carry out two drilling operations in Egypt this year, Natural Gas Asia reports.
Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) began production at the Lubiatów-Międzychód-Grotów facility (LMG), one of the largest and most advanced projects completed by the Company in recent years.
The PGNiG Group has recorded net profit of PLN 2.23bn for 2012, compared with PLN 1.75bn in the previous year. In Q4 2012, the Group's net profit grew to PLN 2.2bn, from PLN 431m in the corresponding period of 2011.
Reuters reports that Polish gas monopoly PGNiG said the start of production at the Skarv field off Norway should help boost its gas output by 12 percent this year, reducing Poland's reliance on Russian energy imports.
Exploratory drilling is about to begin near the town of Sieraków within the bounds of the geological Niecka Szczecińska basin. The exploration is being conducted with a view to gathering geological data to confirm whether oil accumulations are present in the area.
Reuters reports that Polish gas monopoly PGNiG has now completed its first, but delayed, horizontal fracturing well probing a shale gas prospect on the Baltic Sea coast, and will present the results in a few weeks, it said on Friday.