The Cabinet of Ministers of Ukraine agreed with the proposal of the Interdepartmental Commission for the Organization of the Conclusion and Implementation of Production Sharing Agreements (PSA) regarding the holding of a competition for the conclusion of the PSA of hydrocarbons to be produced within the Dolphin field and approved the terms of the competition.
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The Cabinet of Ministers of Ukraine, in accordance with Resolution No. 271 of March 6, 2019, announced a tender for the development of hydrocarbons within the "Dolphin" area on the Black Sea shelf under the terms of a production sharing agreement (PSA).
Natural gas production in Ukraine in January 2017 decreased by 0.5% (7.9 million cubic meters.) Compared to the same month of 2016 year - up to 1.72 billion cubic meters. m, reported in the Ministry of Energy and Mines. According to the ministry, the company "Naftogaz of Ukraine" reduced gas production by 0.1% in the previous month (1.1 million cubic meters.) - up to 1 billion 370.6 million cubic meters, including PJSC "Ukrgazvydobuvannya" increased gas production by 0.3% (4 million cubic meters.) - up to 1 billion 261.3 million cubic meters. m, while the PJSC "Ukrnafta" reduced by 4.5% (to 5.1 million cubic meters) - to 109.3 million cubic meters.
The effect of the reforms in the structure of PJSC "Ukrgazvydobuvannya" in 2016 amounted to 4.1 billion UAH. This at a press conference on the results of the company in the past year, according to its head Oleg Prokhorenko. According to him, about 2 billion UAH of this amount accounted for savings in procurement. In addition, due to changes in 2016 to the effect of national budgets of all levels amounted to 110 million UAH.
Adam Smith Conferences’ Ukrainian Energy Forum will be held on 28 February – 2 March at InterContinental Hotel, Kyiv, Ukraine. With this invitation via Association "Subsoil users of Ukraine", you are entitled to a 15% discount*. Programme highlights: State Policy and Strategy in Energy Sector; Shaping-up Ukrainian Energy Future: Long-term Strategy to Strengthen Ukraine’s Position within Regional and Global Energy Map; Reform and Modernisation of Ukraine’s Energy Storage & Transportation Infrastructure; Panel Discussion – Gas Market Liberalisation, Progress Achieved and Remaining Challenges and others.
On 30 November 2016 Yuridicheskaya Practika Publishing will host the Legal Energy Forum. In focus: legal and economic background of the energy independence of Ukraine, public private partnership and infrastructure, alternative energy and energy efficiency, energy disputes.
PJSC "Ukrnafta", the largest oil company in Ukraine, in 2016 plans to increase investment to 1.3 billion USD to 0.5 billion USD last year, which will slow down the decline in production, the head of the Board "Ukrnafta" Mark Rollins. "The planned level of investment will not allow production to stabilize, but the fall will slow down," - he told journalists in Kyiv on Thursday.
Kharkiv Regional Council session on Thursday agreed on the provision of PJSC "Ukrgazvydobuvannya" special permit for subsoil use on the East Hrestischensky Square (Krasnogradsky district). "An provision of public joint stock company" Ukrgazvydobuvannya "subsoil in use for geological study, including research and industrial development, with the subsequent production of oil and gas (industrial development of deposits) East Hrestischenskoy area located in Krasnograd district of the Kharkiv region," - says the decision.
Company Cub Energy Inc. (USA), which owns 30% stake in LLC "Kub-Gas", intends to exercise the right of priority repurchase the remaining 70% of shares from Serinus Energy, the press service of Cub Energy. "We have been long-standing and reliable partners with Serinus, look forward to the completion of the share purchase Serinus in "Kub-Gas", - the press service quoted Mikhail majoritarian Cub Energy Afendikova.