Weekly News Digest January 13-19, 2014

The situation on oil and gas market is uncertain. The government's work is practically blocked. The signing of the PSA on the Scythian deep-water part of the Black Sea shelf with a consortium headed by ExxonMobil is postponed once again.
Given the experience of Shell and the fact that Chevron did not meet a hospitable reception in the Western Ukraine, we can expect the postponement of shale projects start.
Company-veteran of the Ukrainian oil and gas market Poltava Oil and Gas Company (a subsidiary of British JKX) has suffered the irretrievable losses. The same tendency is on among other gas- and oil-recovery companies.
Good news is that Ukraine has started production at a new oil and condensate field.
Ukrainian companies
Poltava oil and gas company JV changed its governance
Stavitskiy decided to liquidate the security subsidiary of Naftogaz
What will happen to gas production in Ukraine
The Ministry of Energy and Coal Industry agreed the launch of Krasnozayarskoe oil and gas field for Ukreastgaz
Ukrnafta loses production volumes rapidly
Foreign companies
Leontiev has become the Vice-President of Rosneft
In 2013 Cub Energy increased daily production of hydrocarbons by 29%
Chevron will start to operate at Olesskoe area not earlier the III quarter
Total intends to invest in shale gas production in the UK
Eni disappointed in the Polish shale prospects
Curzon Alternative Investments sold all its shares to Regal Petroleum
Ukraine has 13.1 billion cubic meters of gas in its UGS - 5% less than the last year
Policy and World
The government plans to sell the non-core assets of Chornomornaftogaz – the Minister
In 2013 Kazakhstan increased oil production by 4%
In 2013 rate of growth of oil reserves in Russia decreased by 15%