Weekly news digest February 10-16, 2014

Major state company Ukrgazdobicha that has discovered new field and major private company Neftegazdobicha is raising funds for its projects. News from the government is optimistic as well: in coming weeks legislative draft “Code of laws on subsoil” will be introduced to Verkhovna Rada for voting.
The main traits of the Code of laws are significant simplification of operations of oil and gas companies: prolongation of validity and enlargement of maximum area of license fields, less red tape, etc.

Ukrainian companies
Neftegazdobicha expects to increase gas condensate production in 2014 by 35%
13.5 hectares area will be allocated for LNG-terminal
Neftegazdobicha will raise 1 billion UAH for increasing of gas production
Ukrgazdobicha has discovered a new oil and gas field
Foreign companies
Shell will run contest of social projects within Yuzovskoe field
The Polacks have discovered a large gas field next to Ukraine
Ecology committee of Lviv regional council recommends going back to shale agreement with Chevron
In IV quarter, 2013 Kuwait Energy increased its average daily production in Ukraine by 12%
Stavitskiy is worried about Ukrainian gas pipeline system
Polotics and world
Drillers are asking to stop all political conversations
In 20 years China will become a leader in oil consumption, – ВР
Russia will increase its oil and gas production in 2014
OPEC increased the forecast of the world demand for petroleum in 2014