Prices are heading higher, Fitch warns on strong demand, Russia squeeze
Fitch Ratings has increased its oil and gas price forecast, indicating increased pressure on the European market driven by strong demand.
Poland
Russia to block gas to Poland and Bulgaria until ruble demands met
Russia’s Gazprom PJSC said it has halted gas flows to Poland and Bulgaria and will keep the supplies turned off until the two countries agree to Moscow’s demand to pay for the crucial fuel in rubles.
Avenir reloads LNG cargo in Lithuania amid energy security scramble
Avenir LNG has teamed up with Lithuania’s Achema Gas Trade for a first LNG reloading at the Klaipeda terminal.
EU leaders fail to agree on energy amid carbon price dispute
European Union leaders failed to reach a deal on how to react to the unprecedented gas crisis that sent energy prices to record levels after Poland and the Czech Republic demanded stronger action to cap the costs of pollution.
Russia offers to ease Europe’s gas crisis, with strings attached
With winter fast approaching and a stunning energy price surge pummelling Europe, Russian President Vladimir Putin chose an opportune moment to use his country’s leverage as an oil and gas superpower.
PGNiG expands Pakistan footprint with more acreage
PGNiG has acquired a 25% interest in the Musakhel Block in central Pakistan, which the Polish state oil and gas producer estimates holds 16 billion cubic metres of gas resources.
Ostroleka u-turn shows Poland’s energy transition is underway
Polish oil refiner PKN Orlen’s announcement that it will only complete the 1 GW Ostroleka power plant if it is fuelled by gas and not coal signals that Poland’s energy transition is underway.
Saipem wins £225m Baltic Sea pipeline project
Engineering firm Saipem has won a £225million project to transport and install a new natural gas pipeline in the Baltic Sea.
Loganair flying key oil support vessel workers between Europe and Aberdeen
Loganair has made a first foray into Eastern Europe to support travel for key workers from Latvia and Poland in the North Sea emergency response industry.
Statoil enters offshore wind in Poland
Statoil has agreed to buy 50% stakes in two Polish offshore wind farms which will be capable of powering more than 2 million homes.
Prospex shares jump ahead of Poland well drilling
Shares in AIM-listed Prospex Oil and Gas skyrocketed today after the firm was given permission to drill a well onshore Poland.
San Leon completes sale of Polish onshore assets
San Leon Energy has completed its sales agreements for its interests in two Polish onshore assets in the Permian Basin to Palomar Natural Resources.
Prospex gets green light in Poland
Prospex has been given the drilling go-ahead in Poland.
Prospex confirms drilling contract for onshore well in Poland
Production from an onshore well in Poland is one step closer after drilling contract was agreed.
Gazprom to go it alone after Nord Stream 2 joint venture bid collapses in Poland
A consortium of Gazprom and five European allies has withdrawn its application to set up a Polish joint venture to build the Nord Stream 2 pipelines in the Baltic Sea.
Consortium behind PLNG terminal calling for $49mln payment
The consortium which built Poland's new liquefied natural gas (LNG) terminal said it has filed a request for additional payment of as much as $49million from Polskie LNG.
San Leon completes well testing in Poland
San Leon Energy has completed testing the Racwicz-15 well in Poland with production predicted for early 2017.
Rosneft agrees contract extension to with Lotos
Rosneft has agreed to extend its contract for oil supplies to Lotos in Poland.
Protea completes manufacturing of crane package for Martin Linge FSO
Protea said it has recently completed the manufacture of a crane package for an FSO (Floating, Storage and Offloading) vessel which will be charted by Total. The FSO will be used by the French company at the Martin Linge offshore development.
Poland considers merger move for trio of oil companies
Poland is said to be considering mergers between its three biggest state-run oil and gas companies. A number of options are being considered by the government as to what shape the move would take.
Prospex makes first Polish acquisition
Investment firm Prospex Oil & Gas has agreed its first conditional acquisition since converting into an AIM investing company in April last year with a deal to buy a 49% stake in Hutton Poland.
San Leon successfully spuds well in Permian Basin
San Leon Energy has successfully spud its well in Poland’s southern Permian Basin.
Poland’s new LNG terminal receives its first supply of gas
Poland's new LNG terminal received its first supply of gas on Friday, from Qatar, inaugurating the country's flagship project to diversify energy supplies and reduce its dependence on Russia. Live ship-tracking data on Reuters Eikon showed a methane tanker, Al Nuaman, entering the port in the Baltic city of Swinoujscie, carrying 210,000 cubic metres of liquefied natural gas (LNG). The gas will be used to get the terminal up and running.
San Leon spuds in Poland
San Leon Energy has spudded a new well in Poland as it continues it exploration focus in Europe and North Africa.
San Leon to spud Poland development well next month
San Leon Energy said the Rawicz-15 development well in Poland will be spud next month. The development well is in the country’s southern Permian Basin and in addition to providing a second well, it is also hoped it will provide further data on the sandstone reservoir.