News - page #30

National joint-stock company Naftogaz Ukrainy has attracted Yorktown Solutions to lobby for Ukrainian gas interests in the United States, the press service of Naftogaz has reported.

PJSC Ukrtransgaz in January-September 2017 increased capital investments in the gas transportation system (GTS) of Ukraine by 46% (by UAH 485 million) compared to the same period last year, to UAH 1.54 billion, the press service of the company has said.

DTEK Power Trade LLC has made a public demand for the minority shareholders of DTEK Zakhidenergo about the squeeze-out.

Gas producers in Ukraine have expressed hope that the Verkhovna Rada early December would pass bill No. 3096-d relaxing the issue of permits. The document would allow accelerating and boosting fossil fuel production for achieving the country's energy independence declared by authorities.

DTEK Naftogaz is ready to boost new drilling if the deposit use royalties are cut, DTEK Naftogaz CEO Ihor Schurov has said at a press conference at Interfax-Ukraine.

Ukraine should not wait for foreign investment in drilling and development of gas production due to the existing level of deposit use royalties, Head of public joint-stock company Ukrgazvydobuvannia Oleh Prokhorenko at a press conference at Interfax-Ukraine on Tuesday.

The fourth batch of steam coal for the needs of thermal power plants (TPP) of PJSC Centrenergo has arrived in Yuzhny seaport (Odesa region), the port's press service has reported.

DTEK thermal power plants (TPP) in October 2017 increased electricity output by 19.5% compared to October 2016, to 3.2 billion kWh, the company's press service has reported.

Ukrenergo in January-September 2017 saw net profit fall by 11.3% (by UAH 196.131 million) compared to the same period last year, to UAH 1.545 billion.

The State Service for Geology and Deposits of Ukraine in order No. 474 dated October 30, 2017 has suspended the deposit use license of private joint-stock company Ukrgazvydobutok for Ostroverkhivske gas condensate field in Kharkiv region, the press service of Smart Energy has reported.

Naftogaz Ukrainy from December 1, 2017 will increase the price of gas sold to industrial consumers on a prepayment basis by 2.4% (UAH 213.6) compared to November, to UAH 9,019 for 1,000 cubic meters (VAT included).

Oil giant BP has agreed to sell its interest in a number of North Sea assets in a deal worth about £300m.

Energy Minister Albayrak announced yesterday that Turkey will operationalize two more natural gas floating storage units in accordance with the goal to expand storage capacity as demand grows

India reiterated its commitment to moving away from a coal-based energy system while stressing that achieving this goal would take time given the country’s development deficit. 

Donald Tusk, president of the European Council, urged member states to “proceed swiftly” to extend EU gas rules to cover the new Nord Stream 2 pipeline, a project he fears will strengthen Moscow.

Norway’s trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its benchmark index, which would mean cutting its investments in those companies, the deputy central bank chief supervising the fund told Reuters.

The regulator wants ideas on how it might go about making new rules to enable other parties, such as technology companies, to deliver new services to customers in a bid to improve competition.

In its latest World Energy Outlook, the IEA's forecast for the next 20 years predicts four major shifts in the global energy system , providing multiple scenarios for energy growth through to 2040.

Russian cyber operatives have attacked Britain's media, telecommunications and energy sectors over the past year, according to prepared remarks by the head of the government's main cyber defense agency.

Mayors from 25 cities around the world, representing 150 million citizens, pledged on Sunday (12 November) to cut their carbon emissions to net zero by 2050, while boosting efforts to become more resilient to extreme weather and other pressures linked to climate change.