Locked content PGNiG to enhance oil and gas production

WSE-listed PGNiG set to increase daily oil and gas extraction to 150,000 barrels of oil equivalent (BOE) until 2022 from 90,000 BOE currently. To reach the target, the company plans acquisitions abroad, mainly in Europe, North America and South-West Asia, Zbigniew Skrzypczewicz, PGNiG vice-president...

Locked content Orlen: Oil prices at ca. $50 for the next 1-2 years

Oil prices below $50 per barrel are not possible to maintain in the long-term horizon, but in the next 1-2 years they will remain around that level, according to Adam Czyżewski, chief economist of PKN Orlen. “Technological revolution in the extraction sector, which resulted in a crude oil boom, caus...

Locked content PKN Orlen sign deals with BP, Lukoil and Shell

PKN Orlen has signed deals worth PLN 8.5 billion with BP Europa SA, Lukoil Polska and Shell Polska for oil delivery. An estimated value of the contract with BP amounts to PLN 5.4 billion. The deal with Lukoil is worth PLN 1.28 billion, while the Shell one, PLN 1,82 billion. The agreements are valid ...

Locked content Orlen mulling more investments in North America

Polish refinery giant PKN Orlen is interested in increasing its investment in North America. The company, which already extracts some 8,000 barrels of crude oil per day in Canada is planning on increasing that number in the next year, Orlen Upstream CEO Wiesław Prugar told the Polish Press Agency. “...

Locked content PGNiG looking for international acquisitions

Polish state-controlled gas and power giant PGNiG is planning to continue its international expansion and is considering several concessions in various parts of the world, company’s Vice President of Exploration and Production, Zbigniew Skrzypkiewicz told the Polish Press Agency. “We’re interested i...