"I am convinced that the cooperation...will not only contribute to the business plans of both companies but will also enable further integration of gas markets in this part of Europe," PGNiG's Iwona Waksmundzka-Olejniczak said of its deal with Lithuania's LNG terminal.
Here’s a quicklist of oil and gas assets on the market including Bright Rock Energy Uinta Basin asset packages, a Finley Resources operated Barnett Shale opportunity plus Gulf Coast East Basin operations for sale
Optimizing well productivity begins before it’s drilled. Learn here of how UpCurve Energy factors for best practices in locations and landing from its vice president of operations, Dena Demboski.
The Occidental-Anadarko takeover plus the completion of Encana and Chesapeake’s multibillion-dollar mergers top our list of upstream deal-making from the first half of 2019.
State-run Polish gas firm PGNiG has agreed to buy Equinor's 42.38% stake in the Tommeliten Alpha gas and condensate field on the Norwegian Continental Shelf for $220 million, as part of its plan to diversify supplies, PGNiG said on Oct. 18.
The B8 field is estimated to have about 3.5 million tonnes of oil where Lotos has said it plans to produce ultimately some 250,000 tonnes, Reuters said.
Gas flowed from the well at a rate of 4.32 MMcf/d on a 16/64-in. choke from a 41.3 meter interval in the Rotliegend sandstone, FX Energy said in a news release.
The terminal, being built in Swinoujscie, is Poland's flagship project to diversify gas supplies and reduce dependence on Russia. Its scheduled opening has been delayed several times, Reuters said.
PGNiG compared the German deposit’s potential to one of its biggest western Poland deposits - Lubiatow-Miedzychod-Grotow - which was initially estimated at around 7 million tonnes of oil, Reuters said.