Locked content PGNiG to buy gas deposits from Norway

Polish state-controlled natural oil and gas company PGNiG plans to buy gas deposits in Norway, the CEO Piotr Woźniak informed. “We are working intensively to buy deposits in Norway,” the official confirmed during a press conference on September 8. Additionally, PGNiG wants to increase it...

Locked content Lotos close to signing new crude oil deal with Iran

Poland’s second biggest refiner Lotos may sign a long term deal on crude oil supplies from Iran, deputy CEO Marcin Jastrzębski announced during an economic forum in Krynica on Wednesday. “More or less within a week we will know results of test runs of Iranian oil. If results are good, I&...

Locked content Lotos receives oil from Iran

Grupa Lotos has received two million barrels of crude oil from Iran it had bought in a one-off purchase. The cargo was delivered by two carriers: the Atlantas Very Large Crude Carrier (VLCC), which set sail from Iran on June 27 and the calida carrier/ The delivery is a result of the accord between G...

Locked content Lotos buys 2 mln barrels of oil from Iran

Grupa Lotos has confirmed rumors that it has bought 2 million barrels of crude from Iran in a one-off purchase. The cargo will be delivered by the Atlantas Very Large Crude Carrier (VLCC), which set sail from Iran on June 27. Energy Minister Krzysztof Tchórzewski said the the transaction is a move t...

Locked content BP confirms expansion plans in Poland despite cutbacks

BP, which announced plans to release four thousand workers around the globe within the next two years, will expand its operations in Poland. Piotr Pyrich, the head of BP in Poland, stated that the reductions will take place in the sector of oil extraction, which is not present in Poland.  The job cu...

Locked content Lotos interested in Saudi and Iranian oil

Poland’s second largest refiner Lotos said on Monday that the company wants to diversify its suppliers and is keen to refine Saudi and Iranian oil. “We are interested in refining any oil, including Saudi and Iranian oil,” CEO Pawel Olechnowicz told reporters. “Diversification...

PGNiG and PAN to cooperate on natural resources

WSE-listed Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is beginning to cooperate with the Polish Academy of Science (PAN) on the search and  extraction of energy resources , especially liquid and gaseous hydrocarbons. PGNiG said it wants to uphold its hydrocarbons exploitation target of 4 bln cu...

Orlen goes shopping

Polish refinery giant PKN Orlen said it has lunched takeover bids for Canada’s Kicking Horse Energy for CAD 356 million (around PLN 1.02 billion) and US’ FX Energy for PLN 442 million.

Locked content PGNiG: natural gas H1 sales increased by almost 50% y/y

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) announced its estimated Q2 results, ISBNews reported. In Q2, the company sold 4.67 billion cbm of natural gas, in comparison with 3.35 billion cbm in Q2 2014. In H1 the sales amounted to 12.35 billion cbm, while in the corresponding period of 2014, PGN...