Locked content Norway: oil and gas production will return to record levels

After a slight decrease in 2019, oil and gas production on the Norwegian Continental Shelf will grow from 2020, and in 2023 it will approach the record level of 2004, Oljedirektorat, the Norwegian Oil Directorate (NPD) estimates. The activity on the Norwegian shelf is high, and promising forecasts f...

Locked content PGNiG given two new production licenses for Norwegian coast

Polish energy company PGNiG has been awarded two exploration and production licenses on the Norwegian Continental Shelf, according to a statement by the company released to the press on Wednesday. On one of the projects, PGNiG has taken over 40 percent of the shares, meaning that it will become the ...

Locked content PGNiG to increase oil production in Norway

One of Poland’s largest natural gas and crude oil producers, the Polish Oil and Gas Company (PGNiG) wants to extract upwards of 3 billion cubic meters of gas per year from deposits in Norway, said the company’s Vice President, Janusz Kowalski, said over the weekend. “Today, we extract 0.5 billion cu...

Locked content Orlen gets new concession in Podkarpackie voivodship

The Ministry of the Environment has granted PKN Orlen subsidiary, Orlen Upstream a concession for the exploration and appraisal of oil and gas deposits within the Miocen project located in the Podkarpackie voivodship, a press release read. “Acquiring the Siennów-Rokietnica concession is a part...

Locked content Vistal Gdynia with contract to build oil platform in Norway

Vistal Gdynia, Polish producer of steel structures has signed a deal with Norwegian Aibel to build some elements of an oil platform, the Polish Press Agency reported. The contract is valued at PLN 75.5 million. As of the end of the first quarter, Vistal’s portfiolio was worth PLN 251.7 million...

Locked content PGNiG made 10 drillings in Q1

Poland’s natural gas group PGNiG made 10 drillings in Q1 2015 in Wielkopolskie and Podkarpackie voivodships, of which six were exploratory drillings, while the others were exploitation drillings, the company announced. “Exploratory drillings made in Q1 allow for increasing resources by 22.6 mi...

Locked content PERN with slightly bigger net profits in 2014

State-controlled PERN Przyjaźń recorded net profits of PLN 207.2 million in 2014, compared with PLN 205.8 million a year earlier, the company informed on Thursday. “Taking into account that we launched the construction of Oil Terminal in the Port of Gdańsk last year, we are even happier with t...

Locked content Baltic Sea investment still on for oil giant

Lotos CEO Paweł Olechnowicz assured that the oil company would go through with its B4 and B6 Baltic Sea upstream investments as well as the EFRA coking project. These projects will be profitable even at current oil prices, Olechnowicz underscored. EFRA is a coking, hydrogen production and gasoline r...

Locked content PGNiG and LOTOS Petrobaltic to explore for oil

PGNiG and LOTOS Petrobaltic have signed a deal for joint operations to explore for oil in north-eastern Poland on the Górowo-Iławieckie exploring license, according to a press statement. The aim of the cooperation is to undertake a 2D seismic survey of a total length of 400 km combined with reproces...